Midyear Report 2022

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PALMETTO BLUFF PROPERTY REPORT

total homes closed & pending

132 for $249M

2 0 2 2

M I D Y E A R

A T

A

G L A N C E

– 2 02 2 M I DY E A R U P DAT E –

total homesites closed & pending

90 for $74.5M total closed & pending

222 for $323.5M *Numbers reflect community wide closed and pending sales

At the close of the second quarter of 2022, the Palmetto Bluff real estate market continued to see success, with 222 closed and pending sales for a total of $323.5 million. Home and homesite values have also continued to increase yearly. The average resale homesite value has increased 50% YOY, and the average resale home value increased 32% YOY. Additionally, as consumer spending continues to shift from goods to services, Palmetto Bluff remains poised at the forefront with membership in the private Palmetto Bluff Club. This enriched member experience—with access to world-class golf, aquatics and wellness, exquisite dining venues, and more—is more than the chance to enjoy exceptional amenities. It also adds to the growing long-term property values at Palmetto Bluff: many of the original residents here still own property, with several owning multiple properties. Demand for this exclusive lifestyle abounds, with new construction continuing to set records. At the close of June, there were 273 homes under construction and 175 homes in the Design Review Board approval process for a total of 448 homes representing nearly $851 million in residential construction. Palmetto Bluff Real Estate Company is here to help if you’re thinking about buying or selling. As the #1 firm in this community, no other team can offer you the knowledge, service, and experience.

YEAR-TO-DATE COMPARISON 2022

2021

2020

134

193

105

$191.4M

$178.3M

$97.9M

Average Home Purchase Price (Resale and Developer)

$2.21M

$1.82M

$1.61M

Average Homesite Purchase Price (Resale and Developer)

$855K

$545K

$615K

Properties Closed Dollar Volume

DESIGN REVIEW BOARD: MIDYEAR RESULTS Homes in Review 175

Homes Under Construction 273

Total Completed Homes 850


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