September 2008 Hilton Head Island Real Estate

A few September facts at a glance (as of 09/30/08):

Hilton Head Island

In regards to HOME sales:

• On island inventory of homes is steady at 1076
• 38 homes under contract in the past 30 days
• Average # of homes sold per months for 2008 is 60
• Average on island homes sales price is $1,011,399
• Median sales price is $693,000.
• Year to date there have been 271 homes to sell with prices below $665,000.
• The percent of list price over sales price is 91.88%

In regards to CONDO/VILLA sales:

• The number of on island actively listed condos is 1180
• 34 condominiums under contract in the past 30 days
• Average # condos sold per months for 2008 is 43
• Average on island condo sales price is $395,330
• Median sales price is $314,000.
• Year to date there have been 193 homes to sell with prices below $316,250.
• The percent of list price over sales price is 91.99%