THE STATE
S
O L D
of the Belfair Real Estate Market April 2018
IM P
R PR O I V C E E M E
N
C O S M O IN O G N
T
Our Portfolio of Fine Properties in Belfair
KEY METRICS 35 Newberry Court, Belfair
51 Manchester Court, Belfair
280 Bamberg Drive, Belfair
4 Bedrooms | 4.5 Bathrooms | 3,874 Htd. SqFt | $545,000
10
$457,500
95.86%
376
Total Sales
Median Price
Sale to List Price
Median Days on Market
64 Lexington Drive, Belfair (Land/Lot)
4 Bedrooms | 4.5 Bathrooms | 3,423 Htd. SqFt | $729,000 0.59 Acres | Lake View | $30,000
D L
O S
Greater Bluffton Real Estate Market Overview
O
D L
L O S
D S
24 Belmeade Drive, Belfair
D
5 Bedrooms | 5 Bathrooms | 2,511 Htd. SqFt | $465,000
In Belfair, ten homes closed in the first quarter of 2018, compared to seven homes which closed during the same period in 2017. So far, in the first three months of 2018, the total dollar volume was $4,783,100, up compared to $4,113,998 in 2017. Supply and demand: as of April 2nd, 2018, there are 35 Belfair homes listed for sale with an average of 3.5 homes selling per month over the last six months. That translates into a 10-month supply, considered by industry experts to be a buyer’s market. There are eight homes under contract in Belfair.
S
18 W Cottage Circle, Belfair
O L
O L
D
4 Bedrooms | 4 Bathrooms | 2,466 Htd. SqFt | $347,000
S
S
O L
D
4 Bedrooms | 3 Bathrooms | 3,075 Htd. SqFt | $519,900
First Quarter of 2018 in Review
ACTIVE LISTINGS IN GREATER BLUFFTON
724 12 Richland Drive, Belfair
27 E Summerton Drive, Belfair
YTD Greater Bluffton Home Sales
292 Bamberg Drive, Belfair
4 Bedrooms | 3.5 Bathrooms | 3,277 Htd. SqFt | $429,000 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
Hilton Head Is., SC
Rick Turner Telephone: 843-816-0796 • rick.turner@evusa.com 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
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.
Local Postal Customer
How’s the Bluffton Real Estate Market Doing?
YTD Through March 31 for Each Year
Year
Number of Homes Sold
Median Price
2013
331
$230,000
2014
280
$240,000
2015
333
$249,000
2016
397
$273,000
2017
421
$290,000
2018
441
$306,000
In 2018 the Greater Bluffton housing market continues to be on fire, again setting the record for the all-time best first quarter, according to statistics from the Hilton Head Island-Bluffton Area Multiple Listing Service. In the boom years prior to The Great Recession, first quarter homes sales in Greater Bluffton, which includes all of southern Beaufort County except Hilton Head and Daufuskie Islands, peaked in 2006 at 252 sales. As you can see in the chart to the left, in first quarter of 2018 441 homes were sold, bettering the pre-recession peak by an extraordinary 75%! As the demand for Greater Bluffton continues to outpace supply, the median price has risen 5.5% from last year and is at an all-time high. With increasing demand and today’s historically low interest rates, it is an exceptional time to invest in 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 2018 through April 4, 2018. 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 TOTAL APPROX. YEAR STATUS ADDRESS VIEW FULL BATHS HALF BATHS LIST PRICE CLOSE PRICE BEDROOMS SQ. FOOTAGE BUILT Active 346 Bamberg Drive Deep Water, Marsh 6 7 1 9,055 2001 $2,250,000 --Active 62 Lady Slipper Island Drive Deep Water, Golf 4 5 0 4,864 2004 $1,795,000 --Active 350 Bamberg Drive Marsh, River 4 4 3 7,711 2006 $1,749,000 --Active 253 Belfair Oaks Blvd Golf, Lake 4 4 1 6,250 2007 $1,595,000 --Active 68 Lexington Drive Lagoon, Lake 5 5 1 6,131 2009 $1,549,000 --Active 7 Cooper Court Wooded 5 4 2 5,146 2000 $1,495,000 --Active 30 Lady Slipper Island Drive Deep Water, Marsh 4 4 1 5,014 2009 $1,295,000 --Active 251 Belfair Oaks Boulevard Golf, Lake 5 4 1 5,100 2017 $1,295,000 --Active 52 Richland Drive Marsh, River 5 6 1 7,558 2002 $1,150,000 --Active 282 Belfair Oaks Boulevard Deep Water, Golf 5 4 2 4,980 2014 $1,050,000 --Active 47 Cumberland Drive Lake 4 4 2 5,023 1999 $969,000 --Active 18 Lady Slipper Island Court Marsh, River 4 4 1 3,428 2006 $919,000 --Active 54 Cumberland Drive Golf, Wooded 4 4 1 5,200 2007 $895,000 --Active 7 Abbeville Court Lake 4 4 1 3,539 2016 $829,000 --Active 10 Berkeley Court Golf, Lake 3 3 1 4,221 2003 $799,900 --Active 19 Lexington Drive Golf, Lagoon 4 4 1 4,647 2000 $795,000 --Active 50 Lady Slipper Island Drive Marsh, River 5 5 1 4,279 2007 $769,900 --Active 161 Summerton Drive Lagoon 5 5 2 5,500 2012 $749,000 --Active 286 Belfair Oaks Boulevard Golf, River 4 3 1 4,298 2002 $749,000 --Active 211 Summerton Drive Lake 4 4 1 3,510 2017 $749,000 --Active 277 Belfair Oaks Boulevard Lake 4 4 1 3,850 2006 $745,000 --Active 92 Cumberland Drive Golf, Marsh 5 5 1 5,300 1999 $729,000 --Active 42 Cumberland Drive Golf, Landscape 5 5 1 4,018 2001 $725,000 --Active 17 Belmeade Drive Golf, Wooded 4 3 1 3,679 1999 $699,000 --Active 276 Bamberg Drive Golf 5 5 1 4,015 2000 $659,000 --Active 16 Newberry Court Landscape 4 4 0 3,330 2015 $599,000 --Active 88 Cumberland Drive Golf, Marsh 4 4 1 3,702 1998 $599,000 --Active 158 Summerton Drive Wooded 4 4 1 3,000 2017 $549,000 --Active 48 Newberry Court Wooded 4 3 0 2,531 2007 $519,900 --Active 51 Manchester Court Golf 4 3 0 3,075 2003 $519,900 --Active 7 E Summerton Drive Golf 4 4 1 3,443 2001 $489,000 --Active 20 E Cottage Circle Marsh, River 5 4 0 2,363 1997 $449,000 --Active 145 Summerton Drive Landscape 3 3 1 3,013 2000 $445,000 --Active 17 E Summerton Court Landscape, Wooded 3 3 0 2,537 2006 $439,000 --Active 2 Cumberland Drive Golf 4 4 0 2,894 1998 $399,000 --Pending 95 Cumberland Drive Marsh, River 3 3 1 3,935 1999 $849,000 --Pending 45 Richland Drive Marsh, River 4 4 1 4,154 2007 $750,000 --Pending 26 Lexington Drive Golf, Lagoon 4 4 1 3,814 1999 $729,000 --Pending 81 Lexington Drive Golf 4 4 0 3,797 2012 $649,000 --Pending 129 Belfair Oaks Boulevard Golf, Wooded 4 4 1 3,276 1999 $549,000 --Pending 25 Belmeade Drive Golf 4 5 1 3,653 2001 $495,000 --Pending 11 Kershaw Drive Lagoon 4 5 0 3,604 2004 $375,000 --Pending 11 E Summerton Court Lagoon, Wooded 4 4 1 3,512 2001 $349,000 --Sold 24 Belmeade Drive Landscape, Pool 4 4 1 3,423 2008 $749,000 $729,000 Sold 280 Bamberg Drive Golf, Pool 4 4 1 3,874 2001 $599,000 $545,000 Sold 223 Summerton Drive Lagoon 4 5 1 4,333 2001 $549,000 $530,000 Sold 21 Lexington Drive Golf, Lagoon 4 4 1 3,679 2000 $549,000 $549,000 Sold 18 W Cottage Circle Golf, Marsh 5 5 0 2,511 1996 $510,000 $465,000 Sold 272 Bamberg Drive Golf 4 3 0 3,751 1999 $499,000 $450,000 Sold 281 Belfair Oaks Boulevard Lagoon 4 3 1 2,825 1997 $449,000 $390,000 Sold 61 Cumberland Drive Lake 3 3 1 3,446 2000 $429,000 $415,000 Sold 15 Newberry Court Landscape 4 4 0 3,324 2007 $425,500 $405,000 Sold 291 Belfair Oaks Boulevard Lake, Landscape 3 3 0 3,546 1998 $299,900 $305,100
Home Equity Growing Across America Source: Keeping Current Matters, March 2018
Forecasted Year Over Year % Change in Price by State KEY TAKEAWAYS WA 4.9%
VT (6.2%) ND 2.5%
MT 3.1% OR 5.7%
ID 4.0%
UT 3.8%
CA 9.1%
AZ 6.0%
WI 4.1%
SD 3.5%
WY 3.1% NV 7.8%
MN 3.4%
IA 4.1%
NE 3.9%
CO 5.2%
KS 4.1%
KY 3.8% 2.9%
OK 3.0%
NM 3.7%
4.8%
MO 4.6%
RI (3.4%) PA 4.6% OH 4.2%
IN
TX 2.1%
WV 4.0%
1. You can see that the real estate market is very strong across the whole country.
CT (6.1%) NJ (5.3%) DE (3.9%) MD (4.1%)
VA 4.1%
DC (3.7%)
2. You can also see that the equity in your house might be more than you think.
NC 3.8%
TN
SC 4.0%
AR 4.5% MS 3.1%
These two maps are very insightful for a number of reasons:
NH (5.8%) MA (4.7%)
NY 4.8%
MI 6.0%
IL 4.8%
ME 5.7%
AL 4.4%
3. CoreLogic, the leading provider of real estate data and analytics, is forecasting a year-over-year 4.3% level of appreciation across the country.
GA 3.8%
LA 2.6% FL 6.4%
AK 4.7%
UNITED STATES 4.3%
4. Now is the perfect time to sell, buy and/or invest as the market is strong.
< 0.0% 0.0% to 1.9% 2.0% to 3.9% 4.0% to 5.9%
HI 5.1%
> 6.0%
Actual Year Over Year % Change in Price by State WA 12.0%
VT (4.1%) ND 5.4%
MT 6.2% OR 6.9%
ID 10.7% WY 3.3% NV 11.0%
CA 8.2%
UT 10.7%
AZ 6.3%
CO 8.0%
MN 5.7%
WI 5.9%
SD 4.3% IA 3.8%
NE 5.3%
OK 1.7%
NM 3.5%
MI 7.1%
IL 3.5%
5.3%
KY 5.6% 6.6%
TX 5.7%
WV 5.0%
NH (5.8%) MA (6.2%)
VA 2.7%
CT (1.9%) NJ (3.5%) DE (3.9%) MD (3.6%) DC (2.5%)
NC 5.5%
TN
SC 5.3%
AR 3.5% MS 3.8%
ME 8.1%
RI (8.2%) PA 3.8% OH 6.2%
IN
MO 5.6%
KS 3.9%
NY 5.3%
AL 4.4%
GA 5.8%
LA 5.1% FL 5.8%
AK
Definitions for Listings
KEY TRENDS
1.6%
UNITED STATES 6.6%
Active - On the Market Pending - Under Contract Sold - Closed Between January 1, 2018 and March 31, 2018
< 0.0% 0.0% to 1.9% 2.0% to 3.9% 4.0% to 5.9%
HI 3.9%
> 6.0%
Belfair Home Listings TOTAL APPROX. YEAR STATUS ADDRESS VIEW FULL BATHS HALF BATHS LIST PRICE CLOSE PRICE BEDROOMS SQ. FOOTAGE BUILT Active 346 Bamberg Drive Deep Water, Marsh 6 7 1 9,055 2001 $2,250,000 --Active 62 Lady Slipper Island Drive Deep Water, Golf 4 5 0 4,864 2004 $1,795,000 --Active 350 Bamberg Drive Marsh, River 4 4 3 7,711 2006 $1,749,000 --Active 253 Belfair Oaks Blvd Golf, Lake 4 4 1 6,250 2007 $1,595,000 --Active 68 Lexington Drive Lagoon, Lake 5 5 1 6,131 2009 $1,549,000 --Active 7 Cooper Court Wooded 5 4 2 5,146 2000 $1,495,000 --Active 30 Lady Slipper Island Drive Deep Water, Marsh 4 4 1 5,014 2009 $1,295,000 --Active 251 Belfair Oaks Boulevard Golf, Lake 5 4 1 5,100 2017 $1,295,000 --Active 52 Richland Drive Marsh, River 5 6 1 7,558 2002 $1,150,000 --Active 282 Belfair Oaks Boulevard Deep Water, Golf 5 4 2 4,980 2014 $1,050,000 --Active 47 Cumberland Drive Lake 4 4 2 5,023 1999 $969,000 --Active 18 Lady Slipper Island Court Marsh, River 4 4 1 3,428 2006 $919,000 --Active 54 Cumberland Drive Golf, Wooded 4 4 1 5,200 2007 $895,000 --Active 7 Abbeville Court Lake 4 4 1 3,539 2016 $829,000 --Active 10 Berkeley Court Golf, Lake 3 3 1 4,221 2003 $799,900 --Active 19 Lexington Drive Golf, Lagoon 4 4 1 4,647 2000 $795,000 --Active 50 Lady Slipper Island Drive Marsh, River 5 5 1 4,279 2007 $769,900 --Active 161 Summerton Drive Lagoon 5 5 2 5,500 2012 $749,000 --Active 286 Belfair Oaks Boulevard Golf, River 4 3 1 4,298 2002 $749,000 --Active 211 Summerton Drive Lake 4 4 1 3,510 2017 $749,000 --Active 277 Belfair Oaks Boulevard Lake 4 4 1 3,850 2006 $745,000 --Active 92 Cumberland Drive Golf, Marsh 5 5 1 5,300 1999 $729,000 --Active 42 Cumberland Drive Golf, Landscape 5 5 1 4,018 2001 $725,000 --Active 17 Belmeade Drive Golf, Wooded 4 3 1 3,679 1999 $699,000 --Active 276 Bamberg Drive Golf 5 5 1 4,015 2000 $659,000 --Active 16 Newberry Court Landscape 4 4 0 3,330 2015 $599,000 --Active 88 Cumberland Drive Golf, Marsh 4 4 1 3,702 1998 $599,000 --Active 158 Summerton Drive Wooded 4 4 1 3,000 2017 $549,000 --Active 48 Newberry Court Wooded 4 3 0 2,531 2007 $519,900 --Active 51 Manchester Court Golf 4 3 0 3,075 2003 $519,900 --Active 7 E Summerton Drive Golf 4 4 1 3,443 2001 $489,000 --Active 20 E Cottage Circle Marsh, River 5 4 0 2,363 1997 $449,000 --Active 145 Summerton Drive Landscape 3 3 1 3,013 2000 $445,000 --Active 17 E Summerton Court Landscape, Wooded 3 3 0 2,537 2006 $439,000 --Active 2 Cumberland Drive Golf 4 4 0 2,894 1998 $399,000 --Pending 95 Cumberland Drive Marsh, River 3 3 1 3,935 1999 $849,000 --Pending 45 Richland Drive Marsh, River 4 4 1 4,154 2007 $750,000 --Pending 26 Lexington Drive Golf, Lagoon 4 4 1 3,814 1999 $729,000 --Pending 81 Lexington Drive Golf 4 4 0 3,797 2012 $649,000 --Pending 129 Belfair Oaks Boulevard Golf, Wooded 4 4 1 3,276 1999 $549,000 --Pending 25 Belmeade Drive Golf 4 5 1 3,653 2001 $495,000 --Pending 11 Kershaw Drive Lagoon 4 5 0 3,604 2004 $375,000 --Pending 11 E Summerton Court Lagoon, Wooded 4 4 1 3,512 2001 $349,000 --Sold 24 Belmeade Drive Landscape, Pool 4 4 1 3,423 2008 $749,000 $729,000 Sold 280 Bamberg Drive Golf, Pool 4 4 1 3,874 2001 $599,000 $545,000 Sold 223 Summerton Drive Lagoon 4 5 1 4,333 2001 $549,000 $530,000 Sold 21 Lexington Drive Golf, Lagoon 4 4 1 3,679 2000 $549,000 $549,000 Sold 18 W Cottage Circle Golf, Marsh 5 5 0 2,511 1996 $510,000 $465,000 Sold 272 Bamberg Drive Golf 4 3 0 3,751 1999 $499,000 $450,000 Sold 281 Belfair Oaks Boulevard Lagoon 4 3 1 2,825 1997 $449,000 $390,000 Sold 61 Cumberland Drive Lake 3 3 1 3,446 2000 $429,000 $415,000 Sold 15 Newberry Court Landscape 4 4 0 3,324 2007 $425,500 $405,000 Sold 291 Belfair Oaks Boulevard Lake, Landscape 3 3 0 3,546 1998 $299,900 $305,100
Home Equity Growing Across America Source: Keeping Current Matters, March 2018
Forecasted Year Over Year % Change in Price by State KEY TAKEAWAYS WA 4.9%
VT (6.2%) ND 2.5%
MT 3.1% OR 5.7%
ID 4.0%
UT 3.8%
CA 9.1%
AZ 6.0%
WI 4.1%
SD 3.5%
WY 3.1% NV 7.8%
MN 3.4%
IA 4.1%
NE 3.9%
CO 5.2%
KS 4.1%
KY 3.8% 2.9%
OK 3.0%
NM 3.7%
4.8%
MO 4.6%
RI (3.4%) PA 4.6% OH 4.2%
IN
TX 2.1%
WV 4.0%
1. You can see that the real estate market is very strong across the whole country.
CT (6.1%) NJ (5.3%) DE (3.9%) MD (4.1%)
VA 4.1%
DC (3.7%)
2. You can also see that the equity in your house might be more than you think.
NC 3.8%
TN
SC 4.0%
AR 4.5% MS 3.1%
These two maps are very insightful for a number of reasons:
NH (5.8%) MA (4.7%)
NY 4.8%
MI 6.0%
IL 4.8%
ME 5.7%
AL 4.4%
3. CoreLogic, the leading provider of real estate data and analytics, is forecasting a year-over-year 4.3% level of appreciation across the country.
GA 3.8%
LA 2.6% FL 6.4%
AK 4.7%
UNITED STATES 4.3%
4. Now is the perfect time to sell, buy and/or invest as the market is strong.
< 0.0% 0.0% to 1.9% 2.0% to 3.9% 4.0% to 5.9%
HI 5.1%
> 6.0%
Actual Year Over Year % Change in Price by State WA 12.0%
VT (4.1%) ND 5.4%
MT 6.2% OR 6.9%
ID 10.7% WY 3.3% NV 11.0%
CA 8.2%
UT 10.7%
AZ 6.3%
CO 8.0%
MN 5.7%
WI 5.9%
SD 4.3% IA 3.8%
NE 5.3%
OK 1.7%
NM 3.5%
MI 7.1%
IL 3.5%
5.3%
KY 5.6% 6.6%
TX 5.7%
WV 5.0%
NH (5.8%) MA (6.2%)
VA 2.7%
CT (1.9%) NJ (3.5%) DE (3.9%) MD (3.6%) DC (2.5%)
NC 5.5%
TN
SC 5.3%
AR 3.5% MS 3.8%
ME 8.1%
RI (8.2%) PA 3.8% OH 6.2%
IN
MO 5.6%
KS 3.9%
NY 5.3%
AL 4.4%
GA 5.8%
LA 5.1% FL 5.8%
AK
Definitions for Listings
KEY TRENDS
1.6%
UNITED STATES 6.6%
Active - On the Market Pending - Under Contract Sold - Closed Between January 1, 2018 and March 31, 2018
< 0.0% 0.0% to 1.9% 2.0% to 3.9% 4.0% to 5.9%
HI 3.9%
> 6.0%
THE STATE
S
O L D
of the Belfair Real Estate Market April 2018
IM P
R PR O I V C E E M E
N
C O S M O IN O G N
T
Our Portfolio of Fine Properties in Belfair
KEY METRICS 35 Newberry Court, Belfair
51 Manchester Court, Belfair
280 Bamberg Drive, Belfair
4 Bedrooms | 4.5 Bathrooms | 3,874 Htd. SqFt | $545,000
10
$457,500
95.86%
376
Total Sales
Median Price
Sale to List Price
Median Days on Market
64 Lexington Drive, Belfair (Land/Lot)
4 Bedrooms | 4.5 Bathrooms | 3,423 Htd. SqFt | $729,000 0.59 Acres | Lake View | $30,000
D L
O S
Greater Bluffton Real Estate Market Overview
O
D L
L O S
D S
24 Belmeade Drive, Belfair
D
5 Bedrooms | 5 Bathrooms | 2,511 Htd. SqFt | $465,000
In Belfair, ten homes closed in the first quarter of 2018, compared to seven homes which closed during the same period in 2017. So far, in the first three months of 2018, the total dollar volume was $4,783,100, up compared to $4,113,998 in 2017. Supply and demand: as of April 2nd, 2018, there are 35 Belfair homes listed for sale with an average of 3.5 homes selling per month over the last six months. That translates into a 10-month supply, considered by industry experts to be a buyer’s market. There are eight homes under contract in Belfair.
S
18 W Cottage Circle, Belfair
O L
O L
D
4 Bedrooms | 4 Bathrooms | 2,466 Htd. SqFt | $347,000
S
S
O L
D
4 Bedrooms | 3 Bathrooms | 3,075 Htd. SqFt | $519,900
First Quarter of 2018 in Review
ACTIVE LISTINGS IN GREATER BLUFFTON
724 12 Richland Drive, Belfair
27 E Summerton Drive, Belfair
YTD Greater Bluffton Home Sales
292 Bamberg Drive, Belfair
4 Bedrooms | 3.5 Bathrooms | 3,277 Htd. SqFt | $429,000 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
Hilton Head Is., SC
Rick Turner Telephone: 843-816-0796 • rick.turner@evusa.com 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
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.
Local Postal Customer
How’s the Bluffton Real Estate Market Doing?
YTD Through March 31 for Each Year
Year
Number of Homes Sold
Median Price
2013
331
$230,000
2014
280
$240,000
2015
333
$249,000
2016
397
$273,000
2017
421
$290,000
2018
441
$306,000
In 2018 the Greater Bluffton housing market continues to be on fire, again setting the record for the all-time best first quarter, according to statistics from the Hilton Head Island-Bluffton Area Multiple Listing Service. In the boom years prior to The Great Recession, first quarter homes sales in Greater Bluffton, which includes all of southern Beaufort County except Hilton Head and Daufuskie Islands, peaked in 2006 at 252 sales. As you can see in the chart to the left, in first quarter of 2018 441 homes were sold, bettering the pre-recession peak by an extraordinary 75%! As the demand for Greater Bluffton continues to outpace supply, the median price has risen 5.5% from last year and is at an all-time high. With increasing demand and today’s historically low interest rates, it is an exceptional time to invest in 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 2018 through April 4, 2018. 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.