THE STATE
N M E A W R T K O E T
C O S M O IN O G N
Our Portfolio of Fine Properties in Belfair
of the Belfair Real Estate Market June 2018
KEY METRICS 217 Summerton Drive, Belfair
237 Belfair Oaks Boulevard, Belfair
51 Manchester Court, Belfair
129 Belfair Oaks Boulevard, Belfair
17
$500,000
96.54%
234
Total Sales
Median Price
Sale to List Price
Median Days on Market
D O L
280 Bamberg Drive, Belfair
D L O
O S
Greater Bluffton Real Estate Market Overview
S
D L
L O S
In Belfair, 17 homes closed in the first five months of 2018, compared to 12 homes which closed during the same period in 2017. So far in 2018, the total dollar volume was $8,979,604, up compared to $7,293,000 during the same period last year. Supply and demand: as of June 1st, 2018, there are 30 Belfair homes listed for sale with an average of 3.33 homes selling per month over the last six months. That translates into a 9.01-month supply, considered by industry experts to be a buyer’s market. There are 10 homes under contract in Belfair.
4 Bedrooms | 4.5 Bathrooms | 3,276 Htd. SqFt | $500,000 4 Bedrooms | 4.5 Bathrooms | 3,874 Htd. SqFt | $545,000
D
4 Bedrooms | 4 Bathrooms | 2,466 Htd. SqFt | $347,000
S
S
O L
D
4 Bedrooms | 3.5 Bathrooms | 3,700 Htd. SqFt | $659,000 5 Bedrooms | 5.5 Bathrooms | 6,200 Htd. SqFt | $1,190,000 4 Bedrooms | 3 Bathrooms | 3,075 Htd. SqFt | $499,000
35 Newberry Court, Belfair
First Five Months of 2018 in Review
ACTIVE LISTINGS IN GREATER BLUFFTON
712 24 Belmeade Drive, Belfair
27 E Summerton Drive, Belfair
YTD Greater Bluffton Home Sales
292 Bamberg Drive, Belfair
4 Bedrooms | 4.5 Bathrooms | 3,423 Htd. SqFt | $729,000 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 May 31 for Each Year
Year
Number of Homes Sold
Median Price
2013
584
$225,000
2014
544
$245,000
2015
624
$253,000
2016
757
$275,000
2017
781
$289,000
2018
873
$301,000
In 2018 the Greater Bluffton housing market continues to be on fire, again setting the record for the all-time best first five months, according to statistics from the Hilton Head Island-Bluffton Area Multiple Listing Service. In the boom years prior to The Great Recession, the first five months of homes sales in Greater Bluffton, which includes all of southern Beaufort County except Hilton Head and Daufuskie Islands, peaked in 2006 at 445 sales. As you can see in the chart to the left, in first five months of 2018 873 homes were sold, almost doubling the pre-recession peak! As the demand for Greater Bluffton continues to outpace supply, the median price has risen 4.2% 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 June 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 STATUS
ADDRESS
VIEW
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 Pending Pending Pending Pending Pending Pending Sold Sold Sold Sold Sold Sold Sold Sold Sold Sold Sold Sold
346 Bamberg Drive 62 Lady Slipper Island Drive 350 Bamberg Drive 253 Belfair Oaks Boulevard 237 Belfair Oaks Boulevard 282 Belfair Oaks Boulevard 18 Lady Slipper Island Court 35 Cumberland Drive 19 Lexington Drive 7 Abbeville Court 50 Lady Slipper Island Drive 211 Summerton Drive 161 Summerton Drive 42 Cumberland Drive 13 Oconee Court 92 Cumberland Drive 276 Bamberg Drive 79 Belfair Oaks Boulevard 16 Newberry Court 88 Cumberland Drive 118 Belfair Oaks Boulevard 130 Belfair Oaks Boulevard 158 Summerton Drive 48 Newberry Court 51 Manchester Court 7 E Summerton Drive 145 Summerton Drive 60 Kershaw Drive 35 Newberry Court 157 Belfair Oaks Boulevard 251 Belfair Oaks Boulevard 52 Richland Drive 47 Cumberland Drive 10 Berkeley Court 286 Belfair Oaks Boulevard 26 Lexington Drive 20 E Cottage Circle 17 E Summerton Court 2 Cumberland Drive 11 E Summerton Court 95 Cumberland Drive 45 Richland Drive 17 Belmeade Drive 81 Lexington Drive 280 Bamberg Drive 129 Belfair Oaks Boulevard 223 Summerton Drive 18 W Cottage Circle 25 Belmeade Drive 61 Cumberland Drive 15 Newberry Court 11 Kershaw Drive
Deep Water, Marsh Deep Water, Golf Marsh, River Golf, Lake Golf Deep Water, Golf Marsh, River Landscape, Wooded Golf, Lagoon Lake Marsh, River Lake Lagoon Golf, Landscape Golf Golf, Marsh Golf Golf, Lagoon Landscape Golf, Marsh Golf Golf Landscape Wooded Golf Golf Landscape Lake Landscape, Wooded Golf, Landscape Golf, Lake Marsh, River Lagoon, Landscape Golf, Lake Golf, River Golf, Lagoon Marsh, River Landscape, Wooded Golf Lagoon, Wooded Marsh, River Marsh, River Golf, Wooded Golf Golf, Pool Golf, Wooded Lagoon Golf, Marsh Golf Lake Landscape Lagoon
TOTAL APPROX. YEAR FULL BATHS HALF BATHS LIST PRICE CLOSE PRICE BEDROOMS SQ. FOOTAGE BUILT 6 7 1 9,055 2001 $2,250,000 --4 5 0 4,864 2004 $1,795,000 --4 4 3 7,711 2006 $1,749,000 --4 4 1 6,250 2007 $1,595,000 --5 5 1 6,200 2004 $1,190,000 --5 4 2 4,980 2014 $995,000 --4 4 1 3,428 2006 $895,000 --3 4 0 4,340 2000 $819,000 --4 4 1 4,647 2000 $795,000 --4 4 1 3,539 2016 $795,000 --5 5 1 4,279 2007 $749,900 --4 4 1 3,510 2017 $749,000 --5 5 2 5,500 2012 $739,000 --5 5 1 4,018 2001 $725,000 --3 2 2 3,612 2016 $719,000 --5 5 1 5,300 1999 $699,000 --5 5 1 4,015 2000 $659,000 --4 4 0 3,449 1998 $649,000 --4 4 0 3,330 2015 $579,000 --4 4 1 3,702 1998 $579,000 --3 3 0 3,378 1998 $559,000 --4 4 1 3,596 2000 $559,000 --4 4 1 3,000 2017 $549,000 --4 3 0 2,531 2007 $519,900 --4 3 0 3,075 2003 $499,000 --4 4 1 3,443 2001 $489,000 --3 3 1 3,013 2000 $425,000 --4 4 0 2,336 1999 $399,000 --4 4 0 2,466 2001 $347,000 --4 4 0 2,511 1999 $339,000 --5 4 1 5,100 2017 $1,295,000 --5 6 1 7,558 2002 $999,000 --4 4 1 5,023 1999 $899,000 --3 3 1 4,221 2003 $799,900 --4 3 1 4,298 2002 $749,000 --4 4 1 3,814 1999 $729,000 --5 4 0 2,363 1997 $449,000 --3 3 0 2,537 2006 $439,000 --4 4 0 2,894 1998 $399,000 --4 4 1 3,512 2001 $349,000 --3 3 1 3,935 1999 $849,000 $835,000 4 4 1 4,154 2007 $750,000 $725,000 4 3 1 3,679 1999 $699,000 $685,000 4 4 0 3,797 2012 $649,000 $650,000 4 4 1 3,874 2001 $599,000 $545,000 4 4 1 3,276 1999 $549,000 $500,000 4 5 1 4,333 2001 $549,000 $530,000 5 5 0 2,511 1996 $510,000 $465,000 4 5 1 3,653 2001 $495,000 $446,500 3 3 1 3,446 2000 $429,000 $415,000 4 4 0 3,324 2007 $425,500 $405,000 4 5 0 3,604 2004 $375,000 $355,000
Definitions for Listings Active - On the Market Pending - Under Contract Sold - Closed Between March 1, 2018 and May 31, 2018
FOOD FOR THOUGHT home prices continue to rise across the country...with expectations for continued economic growth and further employment gains, the current run of rising prices is likely to continue. david m. blitzer, managing DIRECTOR & Chairman index committee s&p dow jones indices
When is the Best Month to Sell Your Home?
KEY TRENDS
Source: Keeping Current Matters, June 2018
5.9%
3.4%
3.1%
AVERage % sold above market price
5.8%
3.8%
3.4%
4.2% 3.2% 2.6%
2.3%
1.6%
1.6%
JANUARY
FEBRUARY
MARCH
APRIL
MAY
JUNE
JULY
AUGUST
SEPTEMBER
OCTOBER
NOVEMBER
DECEMBER
Source: ATTOM DATA SOLUTIONS
KEY TRENDS
Real Estate Tops Best Investment Poll for 5th Year Running Source: Keeping Current Matters, June 2018
Every year, Gallup surveys Americans to determine their choice for the best long-term investment. Respondents are given a choice between real estate, stocks/mutual funds, gold, savings accounts/CDs, or bonds. For the fifth year in a row, real estate has come out on top as the best long-term investment! This year’s results showed that 34% of Americans chose real estate, followed by stocks at 26%. The full results are shown in the chart to the right. The study makes it a point to draw attention to the contrast in the sentiment over the last five years compared to that of 2011-2012, when gold took the top slot with 34% of the votes. Real estate and stocks took second and third place, respectively, while still in recovery from the Great Recession. Bottom Line: As the real estate market has recovered, so has the belief of the American people in the stability of housing as a long-term investment.
35%
34% Real Estate
34%
30% 26% STOCKS
25% 20%
19% 17%
17% GOLD
14%
15% SAVINGS
15% 10%
2011
2012
2013
2014
2015
2016
2017
2018
Belfair Home Listings STATUS
ADDRESS
VIEW
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 Pending Pending Pending Pending Pending Pending Sold Sold Sold Sold Sold Sold Sold Sold Sold Sold Sold Sold
346 Bamberg Drive 62 Lady Slipper Island Drive 350 Bamberg Drive 253 Belfair Oaks Boulevard 237 Belfair Oaks Boulevard 282 Belfair Oaks Boulevard 18 Lady Slipper Island Court 35 Cumberland Drive 19 Lexington Drive 7 Abbeville Court 50 Lady Slipper Island Drive 211 Summerton Drive 161 Summerton Drive 42 Cumberland Drive 13 Oconee Court 92 Cumberland Drive 276 Bamberg Drive 79 Belfair Oaks Boulevard 16 Newberry Court 88 Cumberland Drive 118 Belfair Oaks Boulevard 130 Belfair Oaks Boulevard 158 Summerton Drive 48 Newberry Court 51 Manchester Court 7 E Summerton Drive 145 Summerton Drive 60 Kershaw Drive 35 Newberry Court 157 Belfair Oaks Boulevard 251 Belfair Oaks Boulevard 52 Richland Drive 47 Cumberland Drive 10 Berkeley Court 286 Belfair Oaks Boulevard 26 Lexington Drive 20 E Cottage Circle 17 E Summerton Court 2 Cumberland Drive 11 E Summerton Court 95 Cumberland Drive 45 Richland Drive 17 Belmeade Drive 81 Lexington Drive 280 Bamberg Drive 129 Belfair Oaks Boulevard 223 Summerton Drive 18 W Cottage Circle 25 Belmeade Drive 61 Cumberland Drive 15 Newberry Court 11 Kershaw Drive
Deep Water, Marsh Deep Water, Golf Marsh, River Golf, Lake Golf Deep Water, Golf Marsh, River Landscape, Wooded Golf, Lagoon Lake Marsh, River Lake Lagoon Golf, Landscape Golf Golf, Marsh Golf Golf, Lagoon Landscape Golf, Marsh Golf Golf Landscape Wooded Golf Golf Landscape Lake Landscape, Wooded Golf, Landscape Golf, Lake Marsh, River Lagoon, Landscape Golf, Lake Golf, River Golf, Lagoon Marsh, River Landscape, Wooded Golf Lagoon, Wooded Marsh, River Marsh, River Golf, Wooded Golf Golf, Pool Golf, Wooded Lagoon Golf, Marsh Golf Lake Landscape Lagoon
TOTAL APPROX. YEAR FULL BATHS HALF BATHS LIST PRICE CLOSE PRICE BEDROOMS SQ. FOOTAGE BUILT 6 7 1 9,055 2001 $2,250,000 --4 5 0 4,864 2004 $1,795,000 --4 4 3 7,711 2006 $1,749,000 --4 4 1 6,250 2007 $1,595,000 --5 5 1 6,200 2004 $1,190,000 --5 4 2 4,980 2014 $995,000 --4 4 1 3,428 2006 $895,000 --3 4 0 4,340 2000 $819,000 --4 4 1 4,647 2000 $795,000 --4 4 1 3,539 2016 $795,000 --5 5 1 4,279 2007 $749,900 --4 4 1 3,510 2017 $749,000 --5 5 2 5,500 2012 $739,000 --5 5 1 4,018 2001 $725,000 --3 2 2 3,612 2016 $719,000 --5 5 1 5,300 1999 $699,000 --5 5 1 4,015 2000 $659,000 --4 4 0 3,449 1998 $649,000 --4 4 0 3,330 2015 $579,000 --4 4 1 3,702 1998 $579,000 --3 3 0 3,378 1998 $559,000 --4 4 1 3,596 2000 $559,000 --4 4 1 3,000 2017 $549,000 --4 3 0 2,531 2007 $519,900 --4 3 0 3,075 2003 $499,000 --4 4 1 3,443 2001 $489,000 --3 3 1 3,013 2000 $425,000 --4 4 0 2,336 1999 $399,000 --4 4 0 2,466 2001 $347,000 --4 4 0 2,511 1999 $339,000 --5 4 1 5,100 2017 $1,295,000 --5 6 1 7,558 2002 $999,000 --4 4 1 5,023 1999 $899,000 --3 3 1 4,221 2003 $799,900 --4 3 1 4,298 2002 $749,000 --4 4 1 3,814 1999 $729,000 --5 4 0 2,363 1997 $449,000 --3 3 0 2,537 2006 $439,000 --4 4 0 2,894 1998 $399,000 --4 4 1 3,512 2001 $349,000 --3 3 1 3,935 1999 $849,000 $835,000 4 4 1 4,154 2007 $750,000 $725,000 4 3 1 3,679 1999 $699,000 $685,000 4 4 0 3,797 2012 $649,000 $650,000 4 4 1 3,874 2001 $599,000 $545,000 4 4 1 3,276 1999 $549,000 $500,000 4 5 1 4,333 2001 $549,000 $530,000 5 5 0 2,511 1996 $510,000 $465,000 4 5 1 3,653 2001 $495,000 $446,500 3 3 1 3,446 2000 $429,000 $415,000 4 4 0 3,324 2007 $425,500 $405,000 4 5 0 3,604 2004 $375,000 $355,000
Definitions for Listings Active - On the Market Pending - Under Contract Sold - Closed Between March 1, 2018 and May 31, 2018
FOOD FOR THOUGHT home prices continue to rise across the country...with expectations for continued economic growth and further employment gains, the current run of rising prices is likely to continue. david m. blitzer, managing DIRECTOR & Chairman index committee s&p dow jones indices
When is the Best Month to Sell Your Home?
KEY TRENDS
Source: Keeping Current Matters, June 2018
5.9%
3.4%
3.1%
AVERage % sold above market price
5.8%
3.8%
3.4%
4.2% 3.2% 2.6%
2.3%
1.6%
1.6%
JANUARY
FEBRUARY
MARCH
APRIL
MAY
JUNE
JULY
AUGUST
SEPTEMBER
OCTOBER
NOVEMBER
DECEMBER
Source: ATTOM DATA SOLUTIONS
KEY TRENDS
Real Estate Tops Best Investment Poll for 5th Year Running Source: Keeping Current Matters, June 2018
Every year, Gallup surveys Americans to determine their choice for the best long-term investment. Respondents are given a choice between real estate, stocks/mutual funds, gold, savings accounts/CDs, or bonds. For the fifth year in a row, real estate has come out on top as the best long-term investment! This year’s results showed that 34% of Americans chose real estate, followed by stocks at 26%. The full results are shown in the chart to the right. The study makes it a point to draw attention to the contrast in the sentiment over the last five years compared to that of 2011-2012, when gold took the top slot with 34% of the votes. Real estate and stocks took second and third place, respectively, while still in recovery from the Great Recession. Bottom Line: As the real estate market has recovered, so has the belief of the American people in the stability of housing as a long-term investment.
35%
34% Real Estate
34%
30% 26% STOCKS
25% 20%
19% 17%
17% GOLD
14%
15% SAVINGS
15% 10%
2011
2012
2013
2014
2015
2016
2017
2018
THE STATE
N M E A W R T K O E T
C O S M O IN O G N
Our Portfolio of Fine Properties in Belfair
of the Belfair Real Estate Market June 2018
KEY METRICS 217 Summerton Drive, Belfair
237 Belfair Oaks Boulevard, Belfair
51 Manchester Court, Belfair
129 Belfair Oaks Boulevard, Belfair
17
$500,000
96.54%
234
Total Sales
Median Price
Sale to List Price
Median Days on Market
D O L
280 Bamberg Drive, Belfair
D L O
O S
Greater Bluffton Real Estate Market Overview
S
D L
L O S
In Belfair, 17 homes closed in the first five months of 2018, compared to 12 homes which closed during the same period in 2017. So far in 2018, the total dollar volume was $8,979,604, up compared to $7,293,000 during the same period last year. Supply and demand: as of June 1st, 2018, there are 30 Belfair homes listed for sale with an average of 3.33 homes selling per month over the last six months. That translates into a 9.01-month supply, considered by industry experts to be a buyer’s market. There are 10 homes under contract in Belfair.
4 Bedrooms | 4.5 Bathrooms | 3,276 Htd. SqFt | $500,000 4 Bedrooms | 4.5 Bathrooms | 3,874 Htd. SqFt | $545,000
D
4 Bedrooms | 4 Bathrooms | 2,466 Htd. SqFt | $347,000
S
S
O L
D
4 Bedrooms | 3.5 Bathrooms | 3,700 Htd. SqFt | $659,000 5 Bedrooms | 5.5 Bathrooms | 6,200 Htd. SqFt | $1,190,000 4 Bedrooms | 3 Bathrooms | 3,075 Htd. SqFt | $499,000
35 Newberry Court, Belfair
First Five Months of 2018 in Review
ACTIVE LISTINGS IN GREATER BLUFFTON
712 24 Belmeade Drive, Belfair
27 E Summerton Drive, Belfair
YTD Greater Bluffton Home Sales
292 Bamberg Drive, Belfair
4 Bedrooms | 4.5 Bathrooms | 3,423 Htd. SqFt | $729,000 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 May 31 for Each Year
Year
Number of Homes Sold
Median Price
2013
584
$225,000
2014
544
$245,000
2015
624
$253,000
2016
757
$275,000
2017
781
$289,000
2018
873
$301,000
In 2018 the Greater Bluffton housing market continues to be on fire, again setting the record for the all-time best first five months, according to statistics from the Hilton Head Island-Bluffton Area Multiple Listing Service. In the boom years prior to The Great Recession, the first five months of homes sales in Greater Bluffton, which includes all of southern Beaufort County except Hilton Head and Daufuskie Islands, peaked in 2006 at 445 sales. As you can see in the chart to the left, in first five months of 2018 873 homes were sold, almost doubling the pre-recession peak! As the demand for Greater Bluffton continues to outpace supply, the median price has risen 4.2% 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 June 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.