Palmetto Bay is a community located on Hilton Head Island in South Carolina. Hilton Head Island is known for its beautiful beaches, golf courses, and outdoor recreational activities.
Palmetto Bay is a residential neighborhood within Hilton Head Island and offers a range of housing options, including single-family homes and condominiums. The community is characterized by its lush landscapes, palm trees, and proximity to the island's amenities and attractions.
Hilton Head Island itself is known for its pristine beaches, where visitors can enjoy sunbathing, swimming, and various water sports such as kayaking, paddleboarding, and sailing. The island also boasts over 20 golf courses, making it a paradise for golf enthusiasts.
Nature lovers can explore the island's wildlife preserves and nature trails, where they may spot birds, dolphins, turtles, and other coastal creatures. The Sea Pines Forest Preserve is a popular spot for hiking and wildlife observation.
Hilton Head Island offers a variety of shopping, dining, and entertainment options. There are numerous restaurants serving fresh seafood and other cuisine, as well as shops and boutiques where visitors can find unique souvenirs and local artwork.
Palmetto Bay and Hilton Head Island provide a picturesque coastal setting with plenty of recreational opportunities, making them appealing destinations for both residents and visitors.
Palmetto Bay currently has 14 condos for sale with an average list price of $350,779 and 1 lot for sale with a list price of $299,900.
Using the absorption rate, we can determine how long it's taking for homes to sell and which price points are selling the fastest in Palmetto Bay, i.e. what's hot and what's not.
See What's Hot & What's Not in Palmetto BayPalmetto Bay home sales for the month of September decreased in volume by 66.7% when compared to last year, while the median sale price decreased by 3.6% from $389,000 to $375,000. Condo sales decreased by 50%, while the median sale price rose by 17.4% from $319,500 to $375,000.
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37
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2022 | 2023 | ||
# of sales per year |
$330,000
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$386,000
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2022 | 2023 | ||
median sale price per year |
HomesByMarco agents are experts in the area. If you're looking to buy or sell a home, give us a call today at 888-326-2726.