THE STATE
Our Portfolio of Fine Properties in Belfair
of the Belfair Real Estate Market January 2018
KEY METRICS
5 Bedrooms | 5 Bathrooms | 2,511 Htd. SqFt | $510,000
In Belfair, 35 homes closed in the year 2017, compared to 33 at the end of 2016. January through December’s total dollar volume was $21.918M, almost the same compared to $21.586M in 2016. Supply and demand: as of January 3rd, 2018, there are 38 Belfair homes listed for sale with an average of 2.83 homes selling per month over the last six months. That translates into a 13.43-month supply, considered by industry experts to be a buyer’s market. There are four homes under contract in Belfair. In the lot realm, six lots closed in 2017, while 11 lots closed in 2016. There is one lot under contract at this present time.
C
O UN N D T E R R A C T
18 W Cottage Circle, Belfair
O L D
51 Manchester Court, Belfair
S
280 Bamberg Drive, Belfair
4 Bedrooms | 4.5 Bathrooms | 3,874 Htd. SqFt | $599,000 4 Bedrooms | 3 Bathrooms | 3,075 Htd. SqFt | $537,000
2017 Year-End in Review
Total Sales
Median Price
Sale to List Price
Median Days on Market
4 Bedrooms | 3.5 Bathrooms | 3,277 Htd. SqFt | $429,000
Greater Bluffton Real Estate Market Overview
D
L O
324
C
S
94.93%
12 Richland Drive, Belfair
L
0.59 Acres | Lake View | $49,000
O
64 Lexington Drive, Belfair (Land/Lot)
D
O UN N D T E R R A C T
0.30 Acres | Golf View | $1
$595,000
S
33 Manchester Court, Belfair (Land/Lot)
35
ACTIVE LISTINGS IN GREATER BLUFFTON
691 24 Belmeade Drive, Belfair
27 E Summerton Drive, Belfair
292 Bamberg Drive, Belfair
4 Bedrooms | 4.5 Bathrooms | 3,423 Htd. SqFt | $749,000 4 Bedrooms | 4.5 Bathrooms | 3,888 Htd. SqFt | $710,000 4 Bedrooms | 4.5 Bathrooms | 4,195 Htd. SqFt | $610,000
COMMUNITY SPECIALIST
The Linda Rudd Team is your Belfair Specialist. We’ve brought buyers to, and sold, over 150 properties in the community. Please contact us if you’d like a no-obligation home valuation.
PRSRT STD US POSTAGE PAID Permit 73
Linda Rudd, Real Estate Advisor, Team Leader Telephone: 843-816-5522 • linda.rudd@evusa.com Telephone: 843-816-0796 • rick.turner@evusa.com
Website: www.lindaruddteam.evusa.com ©2018 Engel & Völkers. All rights reserved. Each brokerage is independently owned and operated. All information provided is deemed reliable but is not guaranteed and should be independently verified. If your property is currently represented by a real estate broker, this is not an attempt to solicit your listing. Engel & Völkers and its independent License Partners are Equal Opportunity Employers and fully support the principles of the Fair Housing Act.
YTD Greater Bluffton Home Sales Year
Number of Homes Sold
Median Price
2013
1,556
$229,000
2014
1,438
$245,000
2015
1,754
$265,000
2016
1,958
$280,000
2017
2,036
$295,000
Hilton Head Is., SC
Rick Turner Main Shop | 800 Main Street, Hilton Head Island South Island Lounge | 7 New Orleans Road, Hilton Head Island Historic Bluffton Lounge | 6 Promenade Street, Suite 1001, Bluffton
How’s the Bluffton Real Estate Market Doing?
Local Postal Customer
The Greater Bluffton housing market continues to be on fire, setting the all-time record for any year in the history of our area, according to statistics from the Hilton Head Island-Bluffton Area Multiple Listing Service. In the boom years prior to The Great Recession, homes sales in Greater Bluffton, which includes all of southern Beaufort County except Hilton Head and Daufuskie Islands, peaked in 2005 at 1,172 sales. In 2017 though, an extraordinary 2,036 homes were sold, bettering the pre-recession peak by 27%. In other positive news, home values in 2017 were up 5.4% over 2016 prices. With today’s historically low interest rates, prices rising and more growth coming to the area, it is an extraordinary time to purchase real estate in our area. This information is based on data provided by Multiple Listing Service of Hilton Head Island, Inc. (“HHIMLS”) for the period January 2017 through November 10, 2017. HHIMLS does not guarantee and is not in any way responsible for its accuracy. Data provided by HHIMLS may not reflect all real estate activity in the market.
Belfair Home Listings STATUS Active Active Active Active Active Active Active Active Active Active Active Active Active Active Active Active Active Active Active Active Active Active Active Active Active Active Active Active Active Active Active Active Active Active Active Active Active Active Pending Pending Pending Pending Sold Sold Sold Sold Sold Sold Sold Sold Sold Sold Sold
TOTAL APPROX. YEAR ADDRESS VIEW FULL BATHS HALF BATHS LIST PRICE CLOSE PRICE BEDROOMS SQ. FOOTAGE BUILT 62 Lady Slipper Island Dr Deep Water, Golf 4 5 0 4,864 2004 $1,795,000 --350 Bamberg Drive Marsh, River 4 4 3 7,711 2006 $1,749,000 --68 Lexington Dr Lagoon/Canal, Lake 5 5 1 6,131 2009 $1,549,000 --7 Cooper Ct Wooded 5 4 2 5,146 2000 $1,495,000 --30 Lady Slipper Island Dr Deep Water, Marsh 4 4 1 5,014 2009 $1,295,000 --251 Belfair Oaks Boulevard Golf, Lake 5 4 1 5,100 2017 $1,295,000 --52 Richland Dr Marsh, River 5 6 1 7,558 2002 $1,250,000 --47 Cumberland Dr Lake 4 4 2 5,023 1999 $969,000 --18 Lady Slipper Island Court Marsh, River 4 4 1 3,428 2006 $949,000 --54 Cumberland Dr Golf, Wooded 4 4 1 5,200 2007 $895,000 --10 Berkeley Court Golf, Lake 3 3 1 4,221 2003 $799,900 --161 Summerton Drive Lagoon/Canal 5 5 2 5,500 2012 $799,000 --45 Richland Drive Marsh, River 4 4 1 4,154 2007 $799,000 --276 Belfair Oaks Boulevard Golf, River 4 3 1 4,599 2001 $795,000 --50 Lady Slipper Island Drive Marsh, River 5 5 1 4,279 2007 $769,900 --277 Belfair Oaks Boulevard Lake 4 4 1 3,850 2006 $750,000 --211 Summerton Drive Lake 4 4 1 3,510 2017 $749,000 --286 Belfair Oaks Boulevard Golf, River 4 3 1 4,298 2002 $749,000 --92 Cumberland Drive Golf, Marsh 5 5 1 5,300 1999 $734,000 --2 Summerton Dr Golf, Landscape 5 5 2 5,000 1995 $699,000 --81 Lexington Drive Golf 4 4 0 3,797 2012 $687,000 --158 Summerton Drive Wooded 4 4 1 3,000 2017 $625,000 --16 Newberry Court Landscape 4 4 0 3,330 2015 $599,000 --280 Bamberg Drive Golf, Pool 4 4 1 3,874 2001 $599,000 --129 Belfair Oaks Boulevard Golf, Wooded 4 4 1 3,276 1999 $549,000 --51 Manchester Court Golf 4 3 0 3,075 2003 $537,000 --48 Newberry Court Wooded 4 3 0 2,531 2007 $525,900 --18 W Cottage Circle Golf, Marsh 5 5 0 2,511 1996 $510,000 --25 Belmeade Drive Golf 4 5 1 3,653 2001 $495,000 --61 Cumberland Drive Lake 3 3 1 3,446 2000 $459,000 --145 Summerton Drive Landscape 3 3 1 3,013 2000 $450,000 --17 E Summerton Court Landscape, Wooded 3 3 0 2,537 2006 $449,000 --20 E Cottage Circle Marsh, River 5 4 0 2,363 1997 $449,000 --15 Newberry Court Landscape 4 4 0 3,324 2007 $425,500 --2 Cumberland Drive Golf 4 4 0 2,894 1998 $409,000 --11 E Summerton Court Lagoon/Canal, Wooded 4 4 1 3,512 2001 $369,000 --35 Newberry Court Landscape, Wooded 4 4 0 2,466 2001 $349,000 --291 Belfair Oaks Boulevard Lake, Landscape 3 3 0 3,546 1998 $319,000 --24 Belmeade Drive Landscape, Pool 4 4 1 3,423 2008 $749,000 --21 Lexington Drive Golf, Lagoon/Canal 4 4 1 3,679 2000 $549,000 --223 Summerton Drive Lagoon/Canal 4 5 1 4,333 2001 $549,000 --272 Bamberg Drive Golf 4 3 0 3,751 1999 $499,000 --89 Cumberland Drive Marsh 5 5 0 4,186 1999 $725,000 $725,000 127 Belfair Oaks Boulevard Golf, Landscape 4 4 1 4,150 2001 $625,000 $625,000 292 Bamberg Drive Golf 4 4 1 4,195 1999 $610,000 $610,000 54 Lexington Drive Lake 4 5 1 5,102 2004 $599,000 $599,000 261 Bamberg Drive Golf 4 4 1 4,714 2000 $595,000 $595,000 73 Belfair Oaks Boulevard Golf 4 5 0 3,803 2000 $525,000 $525,000 144 Belfair Oaks Boulevard Golf 3 3 0 3,019 2004 $520,000 $520,000 20 Belmeade Dr Landscape 3 3 0 3,642 2008 $449,500 $449,500 12 Richland Drive Golf, Marsh 4 3 1 3,277 2002 $429,000 $429,000 89 Summerton Drive Lagoon/Canal, Wooded 4 4 0 3,203 2015 $424,000 $424,000 4 E Cottage Circle Golf, Marsh 5 5 0 2,552 1998 $340,000 $340,000
Home Prices Up 6.54% Across the Country
KEY TRENDS
Source: Keeping Current Matters, December 2017
The Federal Housing Finance Agency (FHFA) recently released their latest Quarterly Home Price Index, in which they compare home prices regionally and by state.
Year Over Year Prices by Region WEST NORTH CENTRAL
PACIFIC MOUNTAIN
8.91%
EAST NORTH CENTRAL
5.22%
NEW ENGLAND
5.91%
8.63%
5.96%
MIDDLE ATLANTIC 4.81%
WV
SOUTH ATLANTIC 6.58% EAST SOUTH CENTRAL
USA AVERAGE
6.10%
6.54%
< 0.0% WEST SOUTH CENTRAL
0.0% to 2.9%
6.15%
3.0% to 7.9% > 8.0%
Looking at the breakdown by state, you can see that each state is appreciating at a different rate. This is important to know if you are planning on relocating to a different area of the country.
Year Over Year Prices by State WA 11.5%
VT (2.0%) ND 2.0%
MT 6.5% OR 8.8%
ID 5.0% WY 2.3% NV 9.6%
CA 8.4%
Definitions for Listings
UT 9.2%
AZ
Active - On the Market Pending - Under Contract Sold - Closed Between October 1, 2017 and December 31, 2017
10.0%
CO 8.5%
MN 6.2%
WI 6.8%
SD 5.7% IA 3.6%
NE 6.1%
OK 4.0%
NM 5.4%
MI 7.9%
IL 3.9%
5.6%
KY 7.3% 8.7%
TX 7.1%
WV 1.1%
VA 4.6%
CT (3.1%) NJ (3.9%) DE (2.2%) MD (5.8%) DC (11.6%)
NC 6.0%
TN
SC 7.2%
AR 4.3% MS 1.9%
NH (6.6%) MA (7.4%) RI (7.3%)
PA 4.3% OH 5.9%
IN
MO 5.6%
KS 4.6%
NY 5.8%
ME 7.2%
AL 4.3%
GA 7.6%
FL 8.1%
AK
< 0.0% 0.0% to 2.9% 3.0% to 7.9% HI 10.0%
Waiting to move may end up costing you more!
”
LA 4.4%
3.1%
“
> 8.0%
Belfair Home Listings STATUS Active Active Active Active Active Active Active Active Active Active Active Active Active Active Active Active Active Active Active Active Active Active Active Active Active Active Active Active Active Active Active Active Active Active Active Active Active Active Pending Pending Pending Pending Sold Sold Sold Sold Sold Sold Sold Sold Sold Sold Sold
TOTAL APPROX. YEAR ADDRESS VIEW FULL BATHS HALF BATHS LIST PRICE CLOSE PRICE BEDROOMS SQ. FOOTAGE BUILT 62 Lady Slipper Island Dr Deep Water, Golf 4 5 0 4,864 2004 $1,795,000 --350 Bamberg Drive Marsh, River 4 4 3 7,711 2006 $1,749,000 --68 Lexington Dr Lagoon/Canal, Lake 5 5 1 6,131 2009 $1,549,000 --7 Cooper Ct Wooded 5 4 2 5,146 2000 $1,495,000 --30 Lady Slipper Island Dr Deep Water, Marsh 4 4 1 5,014 2009 $1,295,000 --251 Belfair Oaks Boulevard Golf, Lake 5 4 1 5,100 2017 $1,295,000 --52 Richland Dr Marsh, River 5 6 1 7,558 2002 $1,250,000 --47 Cumberland Dr Lake 4 4 2 5,023 1999 $969,000 --18 Lady Slipper Island Court Marsh, River 4 4 1 3,428 2006 $949,000 --54 Cumberland Dr Golf, Wooded 4 4 1 5,200 2007 $895,000 --10 Berkeley Court Golf, Lake 3 3 1 4,221 2003 $799,900 --161 Summerton Drive Lagoon/Canal 5 5 2 5,500 2012 $799,000 --45 Richland Drive Marsh, River 4 4 1 4,154 2007 $799,000 --276 Belfair Oaks Boulevard Golf, River 4 3 1 4,599 2001 $795,000 --50 Lady Slipper Island Drive Marsh, River 5 5 1 4,279 2007 $769,900 --277 Belfair Oaks Boulevard Lake 4 4 1 3,850 2006 $750,000 --211 Summerton Drive Lake 4 4 1 3,510 2017 $749,000 --286 Belfair Oaks Boulevard Golf, River 4 3 1 4,298 2002 $749,000 --92 Cumberland Drive Golf, Marsh 5 5 1 5,300 1999 $734,000 --2 Summerton Dr Golf, Landscape 5 5 2 5,000 1995 $699,000 --81 Lexington Drive Golf 4 4 0 3,797 2012 $687,000 --158 Summerton Drive Wooded 4 4 1 3,000 2017 $625,000 --16 Newberry Court Landscape 4 4 0 3,330 2015 $599,000 --280 Bamberg Drive Golf, Pool 4 4 1 3,874 2001 $599,000 --129 Belfair Oaks Boulevard Golf, Wooded 4 4 1 3,276 1999 $549,000 --51 Manchester Court Golf 4 3 0 3,075 2003 $537,000 --48 Newberry Court Wooded 4 3 0 2,531 2007 $525,900 --18 W Cottage Circle Golf, Marsh 5 5 0 2,511 1996 $510,000 --25 Belmeade Drive Golf 4 5 1 3,653 2001 $495,000 --61 Cumberland Drive Lake 3 3 1 3,446 2000 $459,000 --145 Summerton Drive Landscape 3 3 1 3,013 2000 $450,000 --17 E Summerton Court Landscape, Wooded 3 3 0 2,537 2006 $449,000 --20 E Cottage Circle Marsh, River 5 4 0 2,363 1997 $449,000 --15 Newberry Court Landscape 4 4 0 3,324 2007 $425,500 --2 Cumberland Drive Golf 4 4 0 2,894 1998 $409,000 --11 E Summerton Court Lagoon/Canal, Wooded 4 4 1 3,512 2001 $369,000 --35 Newberry Court Landscape, Wooded 4 4 0 2,466 2001 $349,000 --291 Belfair Oaks Boulevard Lake, Landscape 3 3 0 3,546 1998 $319,000 --24 Belmeade Drive Landscape, Pool 4 4 1 3,423 2008 $749,000 --21 Lexington Drive Golf, Lagoon/Canal 4 4 1 3,679 2000 $549,000 --223 Summerton Drive Lagoon/Canal 4 5 1 4,333 2001 $549,000 --272 Bamberg Drive Golf 4 3 0 3,751 1999 $499,000 --89 Cumberland Drive Marsh 5 5 0 4,186 1999 $725,000 $725,000 127 Belfair Oaks Boulevard Golf, Landscape 4 4 1 4,150 2001 $625,000 $625,000 292 Bamberg Drive Golf 4 4 1 4,195 1999 $610,000 $610,000 54 Lexington Drive Lake 4 5 1 5,102 2004 $599,000 $599,000 261 Bamberg Drive Golf 4 4 1 4,714 2000 $595,000 $595,000 73 Belfair Oaks Boulevard Golf 4 5 0 3,803 2000 $525,000 $525,000 144 Belfair Oaks Boulevard Golf 3 3 0 3,019 2004 $520,000 $520,000 20 Belmeade Dr Landscape 3 3 0 3,642 2008 $449,500 $449,500 12 Richland Drive Golf, Marsh 4 3 1 3,277 2002 $429,000 $429,000 89 Summerton Drive Lagoon/Canal, Wooded 4 4 0 3,203 2015 $424,000 $424,000 4 E Cottage Circle Golf, Marsh 5 5 0 2,552 1998 $340,000 $340,000
Home Prices Up 6.54% Across the Country
KEY TRENDS
Source: Keeping Current Matters, December 2017
The Federal Housing Finance Agency (FHFA) recently released their latest Quarterly Home Price Index, in which they compare home prices regionally and by state.
Year Over Year Prices by Region WEST NORTH CENTRAL
PACIFIC MOUNTAIN
8.91%
EAST NORTH CENTRAL
5.22%
NEW ENGLAND
5.91%
8.63%
5.96%
MIDDLE ATLANTIC 4.81%
WV
SOUTH ATLANTIC 6.58% EAST SOUTH CENTRAL
USA AVERAGE
6.10%
6.54%
< 0.0% WEST SOUTH CENTRAL
0.0% to 2.9%
6.15%
3.0% to 7.9% > 8.0%
Looking at the breakdown by state, you can see that each state is appreciating at a different rate. This is important to know if you are planning on relocating to a different area of the country.
Year Over Year Prices by State WA 11.5%
VT (2.0%) ND 2.0%
MT 6.5% OR 8.8%
ID 5.0% WY 2.3% NV 9.6%
CA 8.4%
Definitions for Listings
UT 9.2%
AZ
Active - On the Market Pending - Under Contract Sold - Closed Between October 1, 2017 and December 31, 2017
10.0%
CO 8.5%
MN 6.2%
WI 6.8%
SD 5.7% IA 3.6%
NE 6.1%
OK 4.0%
NM 5.4%
MI 7.9%
IL 3.9%
5.6%
KY 7.3% 8.7%
TX 7.1%
WV 1.1%
VA 4.6%
CT (3.1%) NJ (3.9%) DE (2.2%) MD (5.8%) DC (11.6%)
NC 6.0%
TN
SC 7.2%
AR 4.3% MS 1.9%
NH (6.6%) MA (7.4%) RI (7.3%)
PA 4.3% OH 5.9%
IN
MO 5.6%
KS 4.6%
NY 5.8%
ME 7.2%
AL 4.3%
GA 7.6%
FL 8.1%
AK
< 0.0% 0.0% to 2.9% 3.0% to 7.9% HI 10.0%
Waiting to move may end up costing you more!
”
LA 4.4%
3.1%
“
> 8.0%
THE STATE
Our Portfolio of Fine Properties in Belfair
of the Belfair Real Estate Market January 2018
KEY METRICS
5 Bedrooms | 5 Bathrooms | 2,511 Htd. SqFt | $510,000
In Belfair, 35 homes closed in the year 2017, compared to 33 at the end of 2016. January through December’s total dollar volume was $21.918M, almost the same compared to $21.586M in 2016. Supply and demand: as of January 3rd, 2018, there are 38 Belfair homes listed for sale with an average of 2.83 homes selling per month over the last six months. That translates into a 13.43-month supply, considered by industry experts to be a buyer’s market. There are four homes under contract in Belfair. In the lot realm, six lots closed in 2017, while 11 lots closed in 2016. There is one lot under contract at this present time.
C
O UN N D T E R R A C T
18 W Cottage Circle, Belfair
O L D
51 Manchester Court, Belfair
S
280 Bamberg Drive, Belfair
4 Bedrooms | 4.5 Bathrooms | 3,874 Htd. SqFt | $599,000 4 Bedrooms | 3 Bathrooms | 3,075 Htd. SqFt | $537,000
2017 Year-End in Review
Total Sales
Median Price
Sale to List Price
Median Days on Market
4 Bedrooms | 3.5 Bathrooms | 3,277 Htd. SqFt | $429,000
Greater Bluffton Real Estate Market Overview
D
L O
324
C
S
94.93%
12 Richland Drive, Belfair
L
0.59 Acres | Lake View | $49,000
O
64 Lexington Drive, Belfair (Land/Lot)
D
O UN N D T E R R A C T
0.30 Acres | Golf View | $1
$595,000
S
33 Manchester Court, Belfair (Land/Lot)
35
ACTIVE LISTINGS IN GREATER BLUFFTON
691 24 Belmeade Drive, Belfair
27 E Summerton Drive, Belfair
292 Bamberg Drive, Belfair
4 Bedrooms | 4.5 Bathrooms | 3,423 Htd. SqFt | $749,000 4 Bedrooms | 4.5 Bathrooms | 3,888 Htd. SqFt | $710,000 4 Bedrooms | 4.5 Bathrooms | 4,195 Htd. SqFt | $610,000
COMMUNITY SPECIALIST
The Linda Rudd Team is your Belfair Specialist. We’ve brought buyers to, and sold, over 150 properties in the community. Please contact us if you’d like a no-obligation home valuation.
PRSRT STD US POSTAGE PAID Permit 73
Linda Rudd, Real Estate Advisor, Team Leader Telephone: 843-816-5522 • linda.rudd@evusa.com Telephone: 843-816-0796 • rick.turner@evusa.com
Website: www.lindaruddteam.evusa.com ©2018 Engel & Völkers. All rights reserved. Each brokerage is independently owned and operated. All information provided is deemed reliable but is not guaranteed and should be independently verified. If your property is currently represented by a real estate broker, this is not an attempt to solicit your listing. Engel & Völkers and its independent License Partners are Equal Opportunity Employers and fully support the principles of the Fair Housing Act.
YTD Greater Bluffton Home Sales Year
Number of Homes Sold
Median Price
2013
1,556
$229,000
2014
1,438
$245,000
2015
1,754
$265,000
2016
1,958
$280,000
2017
2,036
$295,000
Hilton Head Is., SC
Rick Turner Main Shop | 800 Main Street, Hilton Head Island South Island Lounge | 7 New Orleans Road, Hilton Head Island Historic Bluffton Lounge | 6 Promenade Street, Suite 1001, Bluffton
How’s the Bluffton Real Estate Market Doing?
Local Postal Customer
The Greater Bluffton housing market continues to be on fire, setting the all-time record for any year in the history of our area, according to statistics from the Hilton Head Island-Bluffton Area Multiple Listing Service. In the boom years prior to The Great Recession, homes sales in Greater Bluffton, which includes all of southern Beaufort County except Hilton Head and Daufuskie Islands, peaked in 2005 at 1,172 sales. In 2017 though, an extraordinary 2,036 homes were sold, bettering the pre-recession peak by 27%. In other positive news, home values in 2017 were up 5.4% over 2016 prices. With today’s historically low interest rates, prices rising and more growth coming to the area, it is an extraordinary time to purchase real estate in our area. This information is based on data provided by Multiple Listing Service of Hilton Head Island, Inc. (“HHIMLS”) for the period January 2017 through November 10, 2017. HHIMLS does not guarantee and is not in any way responsible for its accuracy. Data provided by HHIMLS may not reflect all real estate activity in the market.