PALMETTO BLUFF PROPERTY REPORT
– 2024 MIDYEAR UPDATE –
Total Closed & Pending
122 for $238.9M
Homes Closed & Pending 77 for $173.6M Total Homesites Closed & Pending 45 for $65.3M Palmetto Bluff Real Estate Company
Palmetto Bluff has experienced notable success in the first half of 2024, with 122 closed and pending transactions totaling $238.9 million in volume community-wide. Our team at Palmetto Bluff Real Estate Company continues to lead the market, bringing the buyer for 85 of these transactions—an impressive 70%—while the next closest firm secured only 17. By the end of the second quarter, Palmetto Bluff Real Estate Company’s closed and pending sales were just $3 million shy of surpassing our total sales for all of 2023.
While the average homesite price slightly decreased from last year, the average home price has increased to $2.85 million, up from $2.4 million in 2023 and more than double the average home price of $1.4 million in 2019. This reflects Palmetto Bluff’s continued strength and growing prominence.
As the exclusive agency for Palmetto Bluff, Palmetto Bluff Real Estate Company has a distinct advantage in selling your home. We deliver superior results, with our home listings closing on average for $2.7 million—8% higher than with outside firms. We also have a keen understanding of current market conditions and upcoming releases, making us your ideal resource if you’re interested in purchasing a new home. Please reach out to learn more about our community and future developments. We are committed to helping you!
MIDYEAR COMPARISON
Palmetto Bluff Real Estate Company was involved in 82% of all Closed & Pending Transactions through 6/30/24.
MARKET
Review
177 Homes Under Construction
185 Total Completed Homes
1,093
CURRENT ACTIVE RESALE LISTINGS
