QUARTERLY SALES UPDATE – 2 02 1 F I R ST Q UA RT E R U P DAT E –
As of this writing, Palmetto Bluff has 217 transactions closed and pending for the year, which equates to $225 million in sales (this includes transactions that will close in 2022). New transactions continue unabated, with Palmetto Bluff Real Estate Company (PBREC) generating 80 new transactions since January 1st. This puts us in the same place we were in at the end of June last year. In January, traditionally a slow month for sales, the PBREC team had 26 new transactions, a Palmetto Bluff record. Inventory of existing homes is at the lowest point since we launched the community, with only six completed homes available today. Typically, we would expect 10% or more of all privately owned properties to be on the resale market at any given time. Currently, resale of homes and homesites community-wide is only 1% of the properties in private hands. The current market environment is truly unprecedented. As a result of such thin inventories of existing homes and homesites for sale, pricing is on the rise across all of Palmetto Bluff. For the first time in the history of Palmetto Bluff, the number of homes both under construction and in the DRB process topped 300 (320 is the current total). To put this into perspective, there are now 752 completed homes within our community. With the current DRB pipeline, we are tracking toward over 1,000 rooftops in the near future. As a result, many of our top builders are at capacity for new construction starts in the near term. If you own a homesite and are thinking of building, please feel free to reach out to us. We are in constant contact with custom builders here and can help you find the right fit for your timing and budget. We can never leave one of these quarterly updates without saying thank you to all of our stakeholders. Your enthusiasm for Palmetto Bluff is contagious, and your love of this incredible place makes serving you a pleasure. We look forward to seeing you around the property. Warm regards, The Palmetto Bluff Real Estate Company
W. BRYAN BYRNE
AMANDA CUTRER
JEFF QUINN
MARTIN ROACHE
TRACY SCHYBERG
JIM STATON
Q1 RESULTS
1500+
752
NEW LEADS GENERATED
COMPLETED HOMES
320
9M
HOMES IN DESIGN/ CONSTRUCTION
152K
MEDIA IMPRESSIONS
136
REAL ESTATE TOURS
WEBSITE
VISITS 2021 REAL ESTATE SALES
Year-to-date sales of homes and homesites closed and pending by Palmetto Bluff Real Estate Company. Homes Closed Year-To-Date 2021 By Selling Company*
Homesites Closed Year-To-Date 2021 By Selling Company*
100
100
90
90
80
80
70
70
60
60
50
50
94
40
40
30
30
20
20
10 0
Palmetto Bluff Real Estate
10
12
9
6
6
Company
Private Sale
Company
Company
B
79
C-H
I-K
0
4 Palmetto Bluff Real Estate
Company
B
3
2
2
Company
Company
Private Sales
E
*SELLING COMPANY WAS PROCURING CAUSE FOR THE TRANSACTION. TRANSACTIONS INCLUDE CLOSED, PENDING, AND RESERVED. ALL DEVELOPER LOTS AND BUILDER GUILD HOMES ARE INCLUDED IN THE PBREC TRANSACTIONS.
F
FEATURED LISTINGS
142 MOUNT PELIA ROAD May River Forest Neighborhood | Lake | 6 Bedroom | 6 Bath, 2 Half-Baths | 6,644 sq. ft. | $5,750,000 An expansive front porch, painted wood shingle siding, metal roof, wood shutters, double stairway with custom wrought-iron handrails, and classic southern details adorn the outside. Inside, modern living and remarkable architectural elements comprise this home rich with details. Extensive millwork, shiplap, raised paneling, moldings, and cedar closets are only a few of the custom wood details constructed by master craftsmen that give this home a classic estate feel.
EXPLORE
850 OLD MORELAND ROAD Marsh Homesite | 0.410 acres | $1,350,000
50 HUNTING LODGE ROAD Lake Homesite | 0.700 acres | $795,000
VIEW LISTING
VIEW LISTING
THE PALMETTO BLUFF REAL ESTATE TEAM
W. BRYAN BYRNE 843.247.3374
AMANDA CUTRER 912.484.6782
JEFF QUINN 678.787.3164
bbyrne@palmettobluff.com
acutrer@palmettobluff.com
jquinn@palmettobluff.com
MARTIN ROACHE 854.202.4344
TRACY SCHYBERG 912.659.6206
JIM STATON 704.497.1441
mroache@palmettobluff.com tschyberg@palmettobluff.com
jstaton@palmettobluff.com
PALMETTO BLUFF REAL ESTATE COMPANY 800.501.7405 19 Village Park Square, Bluffton, South Carolina 29910
Obtain the Property Report required by federal law and read it before signing anything. No federal agency has judged the merits or value, if any, of this property. This does not constitute an offer to sell or a solicitation of any offer to buy where prohibited by law. All plans have been prepared for graphic presentation only. Room dimensions, building elevations and narrative descriptions are approximate. This is a conceptual view; details and materials shown may differ from initial offering specifications. Palmetto Bluff Real Estate Company does not represent or warrant that the above design depicts the exact current dimensions of the structure or exact current placement of fixtures within the structure. The customer is responsible for confirming exact current measurements and the exact current placement of fixtures within the structure prior to purchase. © 2020 The Palmetto Bluff Company, L.L.C. All rights reserved.
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