Greetings from Gateway Realty, your front gate real estate team at the Greeter’s Store.
We thought you might appreciate some statistics on the overall real estate market in our Hilton Head MLS which includes all homes and lots in Beaufort County south of the Broad River. Total sales were up 8.2% in the first seven months of 2015 vs. 2014. Homes were up 12.4%, villas up 21.9%, and lot sales down 25.9% in 2015 vs. 2014.
The lot market continues to be a challenging one throughout the Lowcountry with the overall market absorption rate being 26.5 months’ supply. Oldfield’s lot absorption rate is a 12.71 months’ supply, 29 lots for sale with an average of 2.28 lots selling per month in the last seven months.
Oldfield’s home market is showing reflections of improvement with an absorption rate of 7.52 months’ supply, 16 homes for sale with 2.12 homes selling per month in the last eight months. Gateway continues to lead the Oldfield market in lot and home sales.
We greatly appreciate your continued support and referrals. We are honored to represent Oldfield at the front gate and we look forward to continuing to serve you. Please let us know if we can be of assistance in any way.
Your Gateway Realty Team
Toll free: 866-653-3435