Palmetto Bluff Real Estate Company Sales Office
Office Hours
Monday-Friday 9am - 5pm
Saturday 9am - 4pm
Sunday 12 - 4pm
Saturday 9am - 4pm
Sunday 12 - 4pm
Positioned amidst the serene Lowcountry landscape of South Carolina, Palmetto Bluff stands as a beacon of luxury and natural beauty, attracting discerning homebuyers seeking an unparalleled lifestyle. As we delve into the intricacies of market trends and property sales data, we aim to provide valuable insights into the evolving real estate landscape at The Bluff.
Join us as we explore the highlights, trends, and notable developments that have shaped Palmetto Bluff’s real estate market in the first quarter of 2024!
The first quarter of 2024 saw robust activity in Palmetto Bluff, with 85 closed and pending transactions amounting to $167.8 million in sales. Of these transactions, 57 were homes, totaling $141.2 million, while 28 were homesites, amounting to $26.6 million. Notably, this sales season commenced earlier than in previous years, with January and February witnessing strong sales and visitor engagement activity.
Here are the standout observations gleaned from the first quarter of 2024:
Palmetto Bluff experienced a robust sales volume of $167.8 million, buoyed by 85 closed and pending transactions. This figure underscores the community’s resilience and attractiveness in a dynamic real estate market.
Average home prices saw a modest uptick, reaching $2.58 million, indicative of the premium value placed on Palmetto Bluff’s bespoke residences. Conversely, average homesite prices slightly declined, settling at $908,000. Despite this dip, there was a notable surge in interest, with a 55% increase in homesites sold or under contract compared to the previous year.
The first quarter of 2024 saw ten more closings than its counterpart in the preceding year, signaling a positive growth trajectory. Despite a lower number of transactions, the dollar volume recorded in 2024 Q1 doubled compared to the pre-pandemic period of 2019, indicative of sustained momentum within the market.
Palmetto Bluff continues to captivate prospective homeowners with its unparalleled blend of natural beauty and luxury amenities. Over the years, the community has witnessed a remarkable appreciation in property values, with average resale home prices soaring by over $1.11 million since 2019. Similarly, average resale homesite prices have surged by over $398,000 during the same period, underscoring the enduring allure of Palmetto Bluff as a premier real estate destination.
Amidst the dynamic fluctuations of the real estate market, the question of whether now is a favorable time to purchase a home is a common consideration for prospective buyers. In the context of Palmetto Bluff, the answer leans towards an affirmative stance.
The first quarter of 2024 has demonstrated resilience and growth within the community, marked by robust sales volume. With average home prices experiencing a modest increase and homesite prices remaining competitive, buyers are presented with opportunities to invest in Palmetto Bluff’s exceptional lifestyle. Moreover, the community’s enduring appeal and consistent appreciation of property values over the years bolster confidence in the long-term viability of real estate investments within Palmetto Bluff.
Related: The Benefits of Living in South Carolina
Bluffton’s real estate market caters to a diverse range of preferences and budgets. Whether you are looking for a cozy waterfront cottage, a modern townhouse, or a spacious family home, Bluffton has it all. The town offers a mix of historic residences exuding southern charm and contemporary developments equipped with state-of-the-art amenities. First-time buyers and experienced homeowners both find Bluffton to be a sought-after destination because it offers a variety of housing options.
Suggested: Coastal Palmetto Bluff Neighborhoods
Buying a Palmetto Bluff property begins with working with the Palmetto Bluff Real Estate team. Here, our real estate professionals are dedicated to helping you find the perfect property to become a cherished home!
Ready to make Palmetto Bluff your home? Explore our exclusive listings at Palmetto Bluff and discover a range of exquisite residences tailored to your preferences. From charming cottages with riverfront views to elegant estates overlooking pristine landscapes, Palmetto Bluff has the perfect home for you. Don’t miss this opportunity to experience luxury living at its finest. Take the next step and schedule a real estate tour today.
This Manhattan-sized, Gilded Age enclave and National Seashore off the Florida-Georgia coast is so much more than a beachcomber’s delight. By Alexandra Marvar “There’s one. Oh, and there’s one.” He bends down to pick up a shark tooth. Then another, and anot...
Best Things to Eat in South Carolina’s Lowcountry When it comes to Southern cuisine, no place captures the heart (and appetite) quite like the South Carolina Lowcountry. Rooted in history and layered with coastal influence, this region serves up a culinary id...
Marissa’s Journey to Palmetto Bluff At Palmetto Bluff, hospitality goes beyond service; it’s a way of life. For Members and visitors alike, there’s a quiet charm to the place that draws you in, makes you feel at ease, and leaves a lasting impression. Few peop...
Top 7 Palmetto Bluff Nature Trails Do you ever get the feeling of wanting to escape and wander into a serene paradise? The nature trails at Palmetto Bluff afford opportunities to roam and admire the vastness of the Bluff’s 20,000 acres. Throughout the communi...
Palmetto Bluff’s Moreland Village feels a world away from the more traditional architecture of the iconi...
We are thrilled to introduce the inaugural winners of the Inspiring the Arts Scholarship—three extraordinary young women pursuing their artistic dreams through higher education! Katherine Donahue has been named our first official scholarship recipient, with Em...
From handmade jewelry to performance wear, the latest arrivals at Palmetto Bluff’s retail spots capture the season in true Lowcountry style. This summer, the Bluff’s shops are full of fresh finds, carefully chosen by our trusted retailers—including FLOW Galler...
Citizen Science is Thriving at Palmetto BluffDid you know that residents of Palmetto Bluff are playing a vital role in national and global conservation efforts—all from their backyard?Through the Palmetto Bluff Conservancy’s growing Citizen Science programs, c...
In October 2024, Grammy Award-winning musician Clay Ross visited Palmetto Bluff as part of The Arts Initiative's Artist in Residence Program. Through storytelling and song, he explores identity, heritage, and the universal language of sound. By Barry Kaufman ...
Palmetto Bluff Club Executive Chef Beth Cosgrove and Director of Culinary, Chef Rhy Waddington, Cook Up Four Peachy Recipes for a Summer in the South. Is there anything more iconic than a southern peach? A symbol of summer and Southern heritage, the peach car...
Learn about the Palmetto Bluff Conservancy and how we keep the vision of our land in place.
On land or water, there is an ever-evolving variety of activities.
We do not attempt to independently verify the currency, completeness, accuracy or authenticity of the data contained herein. All area measurements and calculations are approximate and should be independently verified. Data may be subject to transcription and transmission errors. Accordingly, the data is provided on an “as is” “as available” basis only and may not reflect all real estate activity in the market”. © [2023] REsides, Inc. All rights reserved. Certain information contained herein is derived from information, which is the licensed property of, and copyrighted by, REsides, Inc.