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PBREC Q1 Property Report 2025

Page 1

PALMETTO BLUFF PROPERTY REPORT

2025 FIRST QUARTER AT A GLANCE

– 2025 FIRST QUARTER – total closed & pending

58 for $152.3M homes closed & pending

36 for $125.7M homesites closed & pending

22 for $26.6M Numbers reflect community-wide closed and pending sales

PALMETTO BLUFF REAL ESTATE COMPANY FIRST QUARTER

homes closed & pending

20 for $64.95M

homesites closed & pending

14 for $13.55M

The first quarter of 2025 reinforced what many already know—Palmetto Bluff is a place where property values hold strong and confidence runs deep. With $152.3 million in community-wide closed and pending transactions, including 36 homes and 22 homesites, buyers remain drawn to the Bluff not just for its beauty, but for its enduring investment potential. FIRST QUARTER MARKET OBSERVATIONS:

• Average resale home prices reached $3.46 million—up over $1.1 million since 2019. • Homesites averaged $1.47 million, marking a 308% increase since 2019. • Only 6% of private property is currently listed for resale, reflecting limited inventory and strong owner retention. • 228 homes are in design or pending construction, with 132 homes actively being built, signaling sustained demand and long-term investment in our community. This isn’t just momentum—it’s proof that Palmetto Bluff thrives. Whether building from the ground up or choosing a move-in-ready home at The Grove, buyers here are investing in something that holds its worth. With new homes underway and limited listings available, now is the time to make your move.

CURRENT ACTIVE RESALE LISTINGS HOMES

HOMESITES

51

24

Average List Price

$3M

$1.1M

Median List Price

$2.5M

$810K

Average Price per sq ft

$863

Average Days on Market

145

Active Listings

204

Active resale market accounts for 6% of all property in private hands


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PBREC Q1 Property Report 2025 by Palmetto Bluff - Issuu