The first three quarters of 2016 have been especially strong this year, excepting September, which was below last year’s sales number. We saw a similar dip in October 2015. For us as a company, 2015 saw for the first time we equaled the sales volume we did way back in 2006! I suspect that many other companies and agents saw similar sales numbers as we did.
In 2016 unit and dollar sales volume have been well above 2015, and as can been seen by the excellent fourth quarter stats below, 2016 is ending the year on a high note. It is very encouraging to see numbers up all across the board – with the exception on the city of Beaufort and Port Royal but even then they saw decent price increases.
Fourth Quarter Residential Sales
(Fourth Quarter 2015 vs Fourth Quarter 2016)
Area
Sales Volume
(Millions)Units
Avg Price
Med Price
Beaufort
2015
$6.3
25
$253,416
$149,520
2016
$5.03
22
$295,588
$199,000
Change +/-
-20%
-12%
+16%
+33%
Mossy Oaks
2015
$2.0
14
$145,232
$136,500
2016
$3.6
18
$259,575
$191,250
Change +/-
+80%
+28%
+78%
+40%
Port Royal
2015
$4.1
21
$197.366
$178,900
2016
$3.6
20
$214,135
$196,000
Change +/-
-12%
-4%
+8%
+9%
Burton
2015
$12.6
66
$201.182
$195,000
2016
$17.4
69
$252,653
$221,000
Change +/-
+38%
+4.5%
+25%
+13.0%
Lady’s Island
2015
$17.5
64
$271.388
$242,700
2016
$26
83
$313,094
$265,000
Change +/-
+48%
+30%
+15%
+9%
Total
2015
$42.5
190
$227,200
$205,700
2016
$55.6
212
$278,596
$230,500
Change +/-
+30%
+11%
+22%
+12%