Holden Beach Island Market Update:

Third Quarter 2023

 

As we examine the third-quarter statistics for 2023, it’s clear that the Holden Beach real estate market is thriving, offering a diverse range of options in coveted locations. Below, you will find the recent market trends and sales data for various property types in Holden Beach, providing valuable insights for both buyers and sellers.

Oceanfront

In the third quarter of 2023, there were four oceanfront property sales, featuring an average list price of $1,326,750 and an average sold price of $1,253,750. The properties spent an average of 88 days on the market, but what stands out is the robust sales price to list price ratio of 95%, indicating strong demand and a competitive market. The average sold price per square foot was $573.46.

Second Row

Second row properties, just a stone’s throw away from the ocean, also performed impressively. With three sales during the third quarter, these properties had an average list price of $1,316,300 and an average sold price of $1,303,333. On average, they spent only 94 days on the market, underscoring their desirability. The average sold price per square foot was $569.71.

Canals

Holden Beach’s canal properties, known for their waterfront access and scenic views, were in high demand in Q3 2023. There were seven sales, with an average list price of $835,931 and an average sold price of $832,000. These properties spent an average of 36 days on the market, indicating strong buyer interest. A remarkable sales price to list price ratio of 99% showcases market stability, and the average sold price per square foot was $592.87, making canal properties a competitive choice for waterfront living enthusiasts.

ICW

In the third quarter of 2023, there was a single sale on the Intracoastal Waterway with a list price of $715,000 and a sold price of $680,000. The property spent just 4 days on the market, demonstrating an active ICW property market. A sales price to list price ratio of 95% indicates favorable conditions for both buyers and sellers, and the sold price per square foot was $604.98.

Dunes

The serene dune properties of Holden Beach also experienced notable activity in the third quarter, with nine sales recorded. The average list price was $846,311, and the average sold price was $794,888. These properties spent an average of 38 days on the market. While the sales price to list price ratio averaged at 94%, there may be opportunities for buyers to negotiate favorable deals. The average sold price per square foot was $463.63, offering an appealing option for those looking to invest in this tranquil environment.

Holden Beach’s real estate market in the third quarter of 2023 showcased a diverse range of appealing properties across different locations. Whether you are interested in oceanfront homes, canal properties, or dune properties, there are options to suit various preferences and budgets. The market demonstrated stability, with strong sales price to list price ratios for most property types. As the allure of coastal living continues to attract buyers, Holden Beach remains a compelling destination for real estate investment. Whether you seek a beachfront retreat or a serene canal property, the market presents opportunities for both buyers and sellers to realize their aspirations in this coastal paradise.