THE STATE
N M E A W R T K O E T
Our Portfolio of Fine Properties in Belfair
of the Belfair Real Estate Market October 2017
KEY METRICS
280 Bamberg Drive, Belfair
51 Manchester Court, Belfair
18 W Cottage Circle, Belfair
5 Bedrooms | 5 Bathrooms | 2,511 Htd. SqFt | $510,000
In Belfair, 24 homes closed in the first three quarters of 2017, compared to 26 last year. January through September’s total dollar volume was $16.1M, slightly down compared to $17.1M in 2016. Supply and demand: as of October 16, 2017, there are 46 Belfair homes listed for sale with an average of three homes selling per month over the last six months. That translates into a 15.3-month supply, considered by industry experts to be a strong buyer’s market. There are six homes under contract in Belfair. In the lot realm, six lots closed in the first nine months of 2017, ten lots closed same time in 2016. There are no lots under contract at this present time.
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4 Bedrooms | 4.5 Bathrooms | 3,874 Htd. SqFt | $614,900 4 Bedrooms | 3 Bathrooms | 3,075 Htd. SqFt | $537,000
The First Nine Months of 2017 in Review
How’s the Hilton Head Island - Bluffton Real Estate Market Doing? The Hilton Head Island-Bluffton housing market continues to be on fire, setting the all-time record for the first three quarters of 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, home sales in 2005 set a new first three quarters’ record of 2,051 homes sold. In the first three quarters of 2017 though, 2,594 homes were sold, a dramatic 26% difference. In other positive news, home values in just the first nine months of 2017 were up 1.9% over 2016 prices, but still 26% below the peak set in 2005. With today’s historically low interest rates and prices still way below the peak, it is an extraordinary time to purchase real estate in our area. All MLS Belfair
Historical Median Sales Price Rolling 12-Month Calculation 12 Richland Drive, Belfair
64 Lexington Drive, Belfair (Land/Lot)
33 Manchester Court, Belfair (Land/Lot) 0.30 Acres | Golf View | $1 D L O S
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4 Bedrooms | 3.5 Bathrooms | 3,277 Htd. SqFt | $449,000 0.59 Acres | Lake View | $49,000
27 E Summerton Drive, Belfair
24 Belmeade 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.
LINDA RUDD TEAM ACCOLADES
1. Ranked as “America’s Best of the Best” Top 1% of 19,452 SC Realtors by Real Trends in 2016. 2. Ranked as the #4 Team in Engel & Völkers North America in 2016. 3. Recipient of prestigious Engel & Völkers’ President’s Circle Award in 2015 and 2016.
100
40
80
32
60
24
40
16
20
8 60
Hilton Head Is., SC
Telephone: 843-816-5522 • linda.rudd@evusa.com
0
Rick Turner
Number of Closed Home Sales
Total Value of Homes Closed $20,000,000
$15,000,000
$10,000,000
PRSRT STD US POSTAGE PAID Permit 73
Linda Rudd, Real Estate Advisor, Team Leader
Inventory of Homes For Sale
On 09/30/16
47
On 09/30/17
0
$5,000,000 26
24
1st Nine Months of 2016
1st Nine Months of 2017
0
$17,100,000
$16,100,000
1st Nine Months of 2016
1st Nine Months of 2017
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 ©2017 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
This information is based on data provided by Multiple Listing Service of Hilton Head Island, Inc. (“HHIMLS”) for the period January 2017 through October 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.
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
ADDRESS 4 Tidelands Court 100 Cumberland Drive 182 Summerton Drive 280 Belfair Oaks Boulevard 37 Belmont Drive 252 Belfair Oaks Boulevard 289 Belfair Oaks Boulevard 72 Lexington Drive 23 Oconee Court 139 Belfair Oaks Boulevard 355 Bamberg Drive 67 Lexington Drive 122 Belfair Oaks Boulevard 36 Edisto Drive 5 Belmont Drive 266 Bamberg Drive 193 Summerton Drive 64 Lexington Drive 301 Bamberg Drive 150 Summerton Drive 44 Edisto Drive 8 Abbeville Court 253 Bamberg Drive 44 Cumberland Drive
VIEW LIST PRICE CLOSE PRICE Marsh $360,000 --Golf, Marsh $284,500 --Golf, Lake $220,000 --Golf, River $169,000 --Golf $149,900 --Golf, Marsh $129,900 --Lake $109,900 --Lake $106,000 --Golf $99,900 --Golf, Lake $99,500 --Golf, Marsh $89,900 --Golf, Wooded $79,900 --Golf, Lagoon/Canal $79,900 --Golf, River $59,900 --Golf $59,000 --Golf $58,900 --Lake $49,900 --Lake $49,000 --Golf $39,900 --Wooded $39,000 --Golf, Marsh $39,000 --Golf, Lagoon/Canal $35,900 --Golf, Lagoon/Canal $29,000 --Golf $29,000 ---
STATUS Active Active Active Active Active Active Active Active Active Active Active Active Active Active Active Active Active Active Active Active Active Active Active
ADDRESS 57 Lexington Drive 7 Newberry Court 323 Bamberg Drive 50 Newberry Court 63 Manchester Court 251 Bamberg Drive 1 Oconee Court 22 Hunting Court 238 Bamberg Drive 105 Summerton Drive 52 Kershaw Drive 37 Manchester Court 278 Bamberg Drive 29 Manchester Court 33 Manchester Court 10 Hunting Court 17 Manchester Court 19 Hunting Court 3 W Kershaw Drive 39 Newberry Court 93 Summerton Drive 37 Newberry Court 55 Newberry Court
VIEW LIST PRICE CLOSE PRICE Golf $27,500 --Wooded $25,000 --Golf, Landscape $21,500 --Wooded $20,000 --Golf, Wooded $19,900 --Golf, Lagoon/Canal $19,000 --Golf $15,000 --Lake $7,900 --Landscape $5,000 --Wooded $2,500 --Lake $2,000 --Golf $10 --Golf, Landscape $1 --Golf $1 --Golf $1 --Lake $1 --Golf, Lagoon/Canal $1 --Marsh, Wooded $1 --Lagoon/Canal $1 --Landscape, Wooded $1 --Landscape, Wooded $1 --Wooded $1 --Wooded $1 ---
2017 Sales at an All-Time High Best First Three Quarters for Home Sales Ever
KEY TRENDS
Source: Multiple Listing Service of Hilton Head Island, Inc.
Homes Sold Each First Three Quarters, 2005-2017 Hilton Head Island/Bluffton
2594
2017
2302
2080
1732
1551
1377
1112
1482
1249
1572
20
20
20
20
1000
20
1500
20
2000
20
2500
2517
3000
20
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 Active Active Active Active Active Active Active Active Pending Pending Pending Pending Pending Pending Sold Sold Sold Sold Sold Sold
Belfair Lot Listings
2051
STATUS
TOTAL APPROX. YEAR ADDRESS VIEW FULL BATHS HALF BATHS LIST PRICE CLOSE PRICE BEDROOMS SQ. FOOTAGE BUILT 62 Lady Slipper Island Drive Deep Water, Golf 4 5 0 4,864 2004 $1,795,000 --253 Belfair Oaks Boulevard Golf, Lake 4 4 1 6,250 2007 $1,795,000 --350 Bamberg Drive Marsh, River 4 4 3 7,711 2006 $1,749,000 --68 Lexington Drive Lagoon/Canal, Lake 5 5 1 6,131 2009 $1,549,000 --30 Lady Slipper Island Drive Deep Water, Marsh 4 4 1 5,014 2009 $1,295,000 --52 Richland Drive Marsh, River 5 6 1 7,558 2002 $1,250,000 --54 Cumberland Drive Golf, Wooded 4 4 1 5,200 2007 $975,000 --6 Chattooga Court Golf, Lake 5 4 1 4,148 1999 $950,000 --18 Lady Slipper Island Court Marsh, River 4 4 1 3,428 2006 $949,000 --45 Richland Drive Marsh, River 4 4 1 4,154 2007 $874,000 --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 --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 --7 Hunting Court Marsh, Wooded 4 4 1 3,800 2017 $769,000 --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 --81 Lexington Drive Golf 4 4 0 3,797 2012 $689,000 --54 Lexington Drive Lake 4 5 1 5,102 2004 $659,000 --158 Summerton Drive Wooded 4 4 1 3,000 2017 $639,000 --280 Bamberg Drive Golf, Pool 4 4 1 3,874 2001 $614,900 --16 Newberry Court Landscape 4 4 0 3,330 2015 $599,000 --21 Lexington Drive Golf, Lagoon/Canal 4 4 1 3,679 2000 $575,000 --73 Belfair Oaks Boulevard Golf 4 5 0 3,803 2000 $575,000 --144 Belfair Oaks Boulevard Golf 3 3 0 3,019 2004 $549,000 --51 Manchester Court Golf 4 3 0 3,075 2003 $537,000 --48 Newberry Court Wooded 4 3 0 2,531 2007 $530,900 --18 W Cottage Circle Golf, Marsh 5 5 0 2,511 1996 $510,000 --45 Manchester Court Golf 4 4 1 3,728 2001 $499,900 --272 Bamberg Drive Golf 4 3 0 3,751 1999 $499,000 --14 E Cottage Circle Deep Water, Marsh 5 4 0 2,552 1997 $479,000 --61 Cumberland Drive Lagoon/Canal 3 3 1 3,446 2000 $459,000 --145 Summerton Drive Landscape 3 3 1 3,013 2000 $450,000 --12 Richland Drive Golf, Marsh 4 3 1 3,277 2002 $449,000 --281 Belfair Oaks Boulevard Lagoon/Canal 4 3 1 2,825 1997 $449,000 --17 E Summerton Court Landscape, Wooded 3 3 0 2,537 2006 $449,000 --15 Newberry Court Landscape 4 4 0 3,324 2007 $439,900 --89 Summerton Drive Lagoon/Canal, Wooded 4 4 0 3,203 2015 $435,000 --2 Cumberland Drive Golf 4 4 0 2,894 1998 $429,900 --11 E Summerton Court Lagoon/Canal, Wooded 4 4 1 3,512 2001 $399,999 --12 E Cottage Circle Golf, River 5 5 0 2,552 1997 $399,000 --11 Kershaw Drive Lagoon/Canal 5 5 0 3,604 2004 $399,000 --291 Belfair Oaks Boulevard Lake, Landscape 3 3 0 3,546 1998 $365,000 --35 Newberry Court Landscape, Wooded 4 4 0 2,466 2001 $349,000 --24 Belmeade Drive Landscape, Pool 4 4 1 3,423 2008 $749,000 --127 Belfair Oaks Boulevard Golf, Landscape 4 4 1 4,150 2001 $649,000 --261 Bamberg Drive Golf 4 4 1 4,714 2000 $629,000 --292 Bamberg Drive Golf 4 4 1 4,195 1999 $619,000 --20 Belmeade Drive Landscape 3 3 0 3,642 2008 $469,000 --4 E Cottage Circle Golf, Marsh 5 5 0 2,552 1998 $375,000 --14 Lady Slipper Island Court Marsh, River 3 3 1 3,700 2006 $995,000 $995,000 66 Lexington Drive Lake 4 4 1 3,618 2010 $765,000 $765,000 27 E Summerton Drive Golf, Lagoon/Canal 4 4 1 3,888 2007 $710,000 $710,000 124 Belfair Oaks Boulevard Golf 4 4 1 3,620 1997 $530,000 $530,000 150 Belfair Oaks Boulevard Golf 5 5 0 4,510 2001 $510,000 $510,000 102 Summerton Drive Golf 4 4 0 2,974 2004 $400,000 $400,000
Number of Homes Sold
Belfair Home Listings
500 0 17
16
15
20
14
13
12
20
11
20
10
20
09
08
07
Active - On the Market Pending - Under Contract Sold - Closed Between July 1, 2017 and September 30, 2017
06
05
20
Definitions for Listings
Home sales in the Hilton Head Island-Bluffton area in the first three quarters of 2017 were the best ever according to historical MLS records. As depicted in the chart, 2,594 homes sold in the first three quarters of 2017 far surpassing the pre-recession peak year of 2005. We are not aware of any markets in the US that have experienced a record-setting first three quarters.
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
ADDRESS 4 Tidelands Court 100 Cumberland Drive 182 Summerton Drive 280 Belfair Oaks Boulevard 37 Belmont Drive 252 Belfair Oaks Boulevard 289 Belfair Oaks Boulevard 72 Lexington Drive 23 Oconee Court 139 Belfair Oaks Boulevard 355 Bamberg Drive 67 Lexington Drive 122 Belfair Oaks Boulevard 36 Edisto Drive 5 Belmont Drive 266 Bamberg Drive 193 Summerton Drive 64 Lexington Drive 301 Bamberg Drive 150 Summerton Drive 44 Edisto Drive 8 Abbeville Court 253 Bamberg Drive 44 Cumberland Drive
VIEW LIST PRICE CLOSE PRICE Marsh $360,000 --Golf, Marsh $284,500 --Golf, Lake $220,000 --Golf, River $169,000 --Golf $149,900 --Golf, Marsh $129,900 --Lake $109,900 --Lake $106,000 --Golf $99,900 --Golf, Lake $99,500 --Golf, Marsh $89,900 --Golf, Wooded $79,900 --Golf, Lagoon/Canal $79,900 --Golf, River $59,900 --Golf $59,000 --Golf $58,900 --Lake $49,900 --Lake $49,000 --Golf $39,900 --Wooded $39,000 --Golf, Marsh $39,000 --Golf, Lagoon/Canal $35,900 --Golf, Lagoon/Canal $29,000 --Golf $29,000 ---
STATUS Active Active Active Active Active Active Active Active Active Active Active Active Active Active Active Active Active Active Active Active Active Active Active
ADDRESS 57 Lexington Drive 7 Newberry Court 323 Bamberg Drive 50 Newberry Court 63 Manchester Court 251 Bamberg Drive 1 Oconee Court 22 Hunting Court 238 Bamberg Drive 105 Summerton Drive 52 Kershaw Drive 37 Manchester Court 278 Bamberg Drive 29 Manchester Court 33 Manchester Court 10 Hunting Court 17 Manchester Court 19 Hunting Court 3 W Kershaw Drive 39 Newberry Court 93 Summerton Drive 37 Newberry Court 55 Newberry Court
VIEW LIST PRICE CLOSE PRICE Golf $27,500 --Wooded $25,000 --Golf, Landscape $21,500 --Wooded $20,000 --Golf, Wooded $19,900 --Golf, Lagoon/Canal $19,000 --Golf $15,000 --Lake $7,900 --Landscape $5,000 --Wooded $2,500 --Lake $2,000 --Golf $10 --Golf, Landscape $1 --Golf $1 --Golf $1 --Lake $1 --Golf, Lagoon/Canal $1 --Marsh, Wooded $1 --Lagoon/Canal $1 --Landscape, Wooded $1 --Landscape, Wooded $1 --Wooded $1 --Wooded $1 ---
2017 Sales at an All-Time High Best First Three Quarters for Home Sales Ever
KEY TRENDS
Source: Multiple Listing Service of Hilton Head Island, Inc.
Homes Sold Each First Three Quarters, 2005-2017 Hilton Head Island/Bluffton
2594
2017
2302
2080
1732
1551
1377
1112
1482
1249
1572
20
20
20
20
1000
20
1500
20
2000
20
2500
2517
3000
20
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 Active Active Active Active Active Active Active Active Pending Pending Pending Pending Pending Pending Sold Sold Sold Sold Sold Sold
Belfair Lot Listings
2051
STATUS
TOTAL APPROX. YEAR ADDRESS VIEW FULL BATHS HALF BATHS LIST PRICE CLOSE PRICE BEDROOMS SQ. FOOTAGE BUILT 62 Lady Slipper Island Drive Deep Water, Golf 4 5 0 4,864 2004 $1,795,000 --253 Belfair Oaks Boulevard Golf, Lake 4 4 1 6,250 2007 $1,795,000 --350 Bamberg Drive Marsh, River 4 4 3 7,711 2006 $1,749,000 --68 Lexington Drive Lagoon/Canal, Lake 5 5 1 6,131 2009 $1,549,000 --30 Lady Slipper Island Drive Deep Water, Marsh 4 4 1 5,014 2009 $1,295,000 --52 Richland Drive Marsh, River 5 6 1 7,558 2002 $1,250,000 --54 Cumberland Drive Golf, Wooded 4 4 1 5,200 2007 $975,000 --6 Chattooga Court Golf, Lake 5 4 1 4,148 1999 $950,000 --18 Lady Slipper Island Court Marsh, River 4 4 1 3,428 2006 $949,000 --45 Richland Drive Marsh, River 4 4 1 4,154 2007 $874,000 --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 --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 --7 Hunting Court Marsh, Wooded 4 4 1 3,800 2017 $769,000 --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 --81 Lexington Drive Golf 4 4 0 3,797 2012 $689,000 --54 Lexington Drive Lake 4 5 1 5,102 2004 $659,000 --158 Summerton Drive Wooded 4 4 1 3,000 2017 $639,000 --280 Bamberg Drive Golf, Pool 4 4 1 3,874 2001 $614,900 --16 Newberry Court Landscape 4 4 0 3,330 2015 $599,000 --21 Lexington Drive Golf, Lagoon/Canal 4 4 1 3,679 2000 $575,000 --73 Belfair Oaks Boulevard Golf 4 5 0 3,803 2000 $575,000 --144 Belfair Oaks Boulevard Golf 3 3 0 3,019 2004 $549,000 --51 Manchester Court Golf 4 3 0 3,075 2003 $537,000 --48 Newberry Court Wooded 4 3 0 2,531 2007 $530,900 --18 W Cottage Circle Golf, Marsh 5 5 0 2,511 1996 $510,000 --45 Manchester Court Golf 4 4 1 3,728 2001 $499,900 --272 Bamberg Drive Golf 4 3 0 3,751 1999 $499,000 --14 E Cottage Circle Deep Water, Marsh 5 4 0 2,552 1997 $479,000 --61 Cumberland Drive Lagoon/Canal 3 3 1 3,446 2000 $459,000 --145 Summerton Drive Landscape 3 3 1 3,013 2000 $450,000 --12 Richland Drive Golf, Marsh 4 3 1 3,277 2002 $449,000 --281 Belfair Oaks Boulevard Lagoon/Canal 4 3 1 2,825 1997 $449,000 --17 E Summerton Court Landscape, Wooded 3 3 0 2,537 2006 $449,000 --15 Newberry Court Landscape 4 4 0 3,324 2007 $439,900 --89 Summerton Drive Lagoon/Canal, Wooded 4 4 0 3,203 2015 $435,000 --2 Cumberland Drive Golf 4 4 0 2,894 1998 $429,900 --11 E Summerton Court Lagoon/Canal, Wooded 4 4 1 3,512 2001 $399,999 --12 E Cottage Circle Golf, River 5 5 0 2,552 1997 $399,000 --11 Kershaw Drive Lagoon/Canal 5 5 0 3,604 2004 $399,000 --291 Belfair Oaks Boulevard Lake, Landscape 3 3 0 3,546 1998 $365,000 --35 Newberry Court Landscape, Wooded 4 4 0 2,466 2001 $349,000 --24 Belmeade Drive Landscape, Pool 4 4 1 3,423 2008 $749,000 --127 Belfair Oaks Boulevard Golf, Landscape 4 4 1 4,150 2001 $649,000 --261 Bamberg Drive Golf 4 4 1 4,714 2000 $629,000 --292 Bamberg Drive Golf 4 4 1 4,195 1999 $619,000 --20 Belmeade Drive Landscape 3 3 0 3,642 2008 $469,000 --4 E Cottage Circle Golf, Marsh 5 5 0 2,552 1998 $375,000 --14 Lady Slipper Island Court Marsh, River 3 3 1 3,700 2006 $995,000 $995,000 66 Lexington Drive Lake 4 4 1 3,618 2010 $765,000 $765,000 27 E Summerton Drive Golf, Lagoon/Canal 4 4 1 3,888 2007 $710,000 $710,000 124 Belfair Oaks Boulevard Golf 4 4 1 3,620 1997 $530,000 $530,000 150 Belfair Oaks Boulevard Golf 5 5 0 4,510 2001 $510,000 $510,000 102 Summerton Drive Golf 4 4 0 2,974 2004 $400,000 $400,000
Number of Homes Sold
Belfair Home Listings
500 0 17
16
15
20
14
13
12
20
11
20
10
20
09
08
07
Active - On the Market Pending - Under Contract Sold - Closed Between July 1, 2017 and September 30, 2017
06
05
20
Definitions for Listings
Home sales in the Hilton Head Island-Bluffton area in the first three quarters of 2017 were the best ever according to historical MLS records. As depicted in the chart, 2,594 homes sold in the first three quarters of 2017 far surpassing the pre-recession peak year of 2005. We are not aware of any markets in the US that have experienced a record-setting first three quarters.
THE STATE
N M E A W R T K O E T
Our Portfolio of Fine Properties in Belfair
of the Belfair Real Estate Market October 2017
KEY METRICS
280 Bamberg Drive, Belfair
51 Manchester Court, Belfair
18 W Cottage Circle, Belfair
5 Bedrooms | 5 Bathrooms | 2,511 Htd. SqFt | $510,000
In Belfair, 24 homes closed in the first three quarters of 2017, compared to 26 last year. January through September’s total dollar volume was $16.1M, slightly down compared to $17.1M in 2016. Supply and demand: as of October 16, 2017, there are 46 Belfair homes listed for sale with an average of three homes selling per month over the last six months. That translates into a 15.3-month supply, considered by industry experts to be a strong buyer’s market. There are six homes under contract in Belfair. In the lot realm, six lots closed in the first nine months of 2017, ten lots closed same time in 2016. There are no lots under contract at this present time.
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4 Bedrooms | 4.5 Bathrooms | 3,874 Htd. SqFt | $614,900 4 Bedrooms | 3 Bathrooms | 3,075 Htd. SqFt | $537,000
The First Nine Months of 2017 in Review
How’s the Hilton Head Island - Bluffton Real Estate Market Doing? The Hilton Head Island-Bluffton housing market continues to be on fire, setting the all-time record for the first three quarters of 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, home sales in 2005 set a new first three quarters’ record of 2,051 homes sold. In the first three quarters of 2017 though, 2,594 homes were sold, a dramatic 26% difference. In other positive news, home values in just the first nine months of 2017 were up 1.9% over 2016 prices, but still 26% below the peak set in 2005. With today’s historically low interest rates and prices still way below the peak, it is an extraordinary time to purchase real estate in our area. All MLS Belfair
Historical Median Sales Price Rolling 12-Month Calculation 12 Richland Drive, Belfair
64 Lexington Drive, Belfair (Land/Lot)
33 Manchester Court, Belfair (Land/Lot) 0.30 Acres | Golf View | $1 D L O S
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4 Bedrooms | 3.5 Bathrooms | 3,277 Htd. SqFt | $449,000 0.59 Acres | Lake View | $49,000
27 E Summerton Drive, Belfair
24 Belmeade 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.
LINDA RUDD TEAM ACCOLADES
1. Ranked as “America’s Best of the Best” Top 1% of 19,452 SC Realtors by Real Trends in 2016. 2. Ranked as the #4 Team in Engel & Völkers North America in 2016. 3. Recipient of prestigious Engel & Völkers’ President’s Circle Award in 2015 and 2016.
100
40
80
32
60
24
40
16
20
8 60
Hilton Head Is., SC
Telephone: 843-816-5522 • linda.rudd@evusa.com
0
Rick Turner
Number of Closed Home Sales
Total Value of Homes Closed $20,000,000
$15,000,000
$10,000,000
PRSRT STD US POSTAGE PAID Permit 73
Linda Rudd, Real Estate Advisor, Team Leader
Inventory of Homes For Sale
On 09/30/16
47
On 09/30/17
0
$5,000,000 26
24
1st Nine Months of 2016
1st Nine Months of 2017
0
$17,100,000
$16,100,000
1st Nine Months of 2016
1st Nine Months of 2017
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 ©2017 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
This information is based on data provided by Multiple Listing Service of Hilton Head Island, Inc. (“HHIMLS”) for the period January 2017 through October 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.