REALTOR DIANE BELL'S NOVEMBER 2008 REAL ESTATE REPORT FOR HAMPTON HALL, BLUFFTON, SC

Despite all of the negative real estate news nationally and locally, I'm seeing a bit of an uptick in the Hampton Hall Real Estate Statistics for November. There is a gradual strenghtening in home prices and less inventory on the market compared to this same time period last year.

For the month of Novmeber, there were 5 new listings that came on the market with an average list price of $697,400.

We saw 3 homes go pending that had an average listed price of $592,665.

One home closed with a average closed price of $530,000.

Total sales for the month was $530,000 with an average days on the market of 180 days.

Closed price to List Price ratio was 91.38%.

Keeping in mind that November was one of the worst months for the year so far, it is at least encouraging to see some pendings and a sold transaction.

Information is derived from the Hilton Head MLS, deemed to be correct but not warranted.

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