THE STATE
Our Portfolio of Fine Properties in Belfair S O
L
D
of the Belfair Real Estate Market September 2018
KEY METRICS
First Eight Months of 2018 in Review
In Belfair, 33 homes closed in the first eight months of 2018, compared to 21 homes which closed during the same period in 2017. So far in 2018, the total dollar volume was $18,706,934, up compared to $13,842,000 during the same period last year. Supply and demand: as of September 1st, 2018, there are 30 Belfair homes listed for sale with an average of 4.1 homes selling per month over the last eight months. That translates into a 7.3-month supply, considered by industry experts to be a buyer’s market. There are seven homes under contract in Belfair and there are currently 34 lots for sale. Three lots have sold in the last eight months and three are under contract.
33
$545,000
96.67%
200
Total Sales
Median Price
Sale to List Price
Median Days on Market
S
O
L
D
Beautifully designed and built, this pristinely maintained home enjoys one of Belfair’s most secluded peaceful golf vistas. Professionally decorated it’s “eye candy” with one stunning room after another. Careful planning created a wonderful chef’s kitchen with stainless steel appliances, granite counters and breakfast dining all open to the great room and marvelous view. Rich pine floors add warmth to a sunlit livable floor plan where quality and attention to detail are evident in every area of this dream home. Impressive street appeal, crowned by masterfully done landscaping, cinches the deal. 51 Manchester Court, Belfair 4 Bedrooms | 3 Bathrooms | 3,075 Htd. SqFt | $490,000
Greater Bluffton Real Estate Market Overview ACTIVE LISTINGS IN GREATER BLUFFTON
725 How’s the Bluffton Real Estate Market Doing?
YTD Greater Bluffton Home Sales Flawless sunlit home! Turn-key inside & out! Just a stroll to the Fitness Center, this 2012 remodel shows like a 2018 remodel with an open floor plan enhanced by custom detailed high ceilings and gleaming wood floors and 8-foot doors in all main living areas. The eat-in kitchen has stainless steel appliances, a gas cooktop, backsplash, pantry, granite counters and breakfast bar. The great room boasts a cozy fireplace and built-ins all leading to a “secret garden” patio on a peaceful forest preserve. Added appeal includes a dining room, bonus room and a full bath, A+ street appeal, and a paver drive. 35 Newberry Court, Belfair 4 Bedrooms | 4 Bathrooms | 2,466 Htd. SqFt | $340,000 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
YTD Through August 31 for Each Year
Year
Number of Homes Sold
Median Price
2013
1,060
$229,000
2014
959
$245,000
2015
1,159
$259,000
2016
1,327
$280,000
2017
1,395
$287,000
2018
1,575
$299,000
In 2018 the Greater Bluffton housing market continues to be on fire, again setting the record for the all-time best first eight 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 eight months sales in Greater Bluffton, which includes all of southern Beaufort County except Hilton Head and Daufuskie Islands, peaked in 2005 at 769 sales. As you can see in the chart to the left, in first eight months of 2018 1,575 homes were sold, more than 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 September 7, 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
Giving You The EDGE™- Smart Marketing, Extensive Exposure and Tailored Strategies to Sell Your Home Global reach with boutique style is what you can expect when working with Engel & Völkers here and around the world - and we’ve sharpened our EDGE. Committed to delivering the highest level of customer service, we provide Extensive Domestic & Global Exposure (EDGE) designed to maximize exposure of your listing to qualified, targeted buyers worldwide with the utmost care and competency. • Highly trusted strategic online and mobile marketing partners with a combined 500 million website and mobile views per month • A global network spanning more than 30 countries with 9,000 Advisors in 750 shops around the world • White-glove professionalism and local market expertise of your dedicated Advisor Let us provide the EDGE you need to sell your home. Contact the Linda Rudd Team for a complimentary, no-obligation home valuation.
Definitions for Listings Active - On the Market Pending - Under Contract Sold - Closed Between May 1, 2018 and August 31, 2018
Source: Hilton Head Multiple Listing Service MedianofPrices ofSold Homes Sold Median Prices Homes Hilton Head Island/Bluffton 1st Half Hilton Head Island/Bluffton 2005-2018 2005-2018 1st Half
$500,000$500,000 Median Price of Homes Sold Each Year
Deep Water, Marsh Deep Water, Golf Marsh, River Golf, Lake Golf Golf Marsh, River Golf, Wooded Golf, Lagoon Landscape, Wooded Marsh, River Lake Lake Golf Golf, Lagoon Golf, Lagoon Lagoon Wooded Lake Golf, Lake Golf Golf Golf Golf, Marsh Golf, Marsh Golf Golf, Landscape Lake Landscape Golf, Landscape Marsh, River Lake Golf, River Golf, Marsh Landscape Lagoon, Wooded Landscape, Wooded Golf, Lake Lagoon, Landscape Marsh, River Golf, Lake Golf, Lagoon Golf, Wooded Golf Lagoon, Landscape Golf Golf, Lagoon Landscape Golf Golf Golf Marsh, River Landscape, Wooded Golf, Lake Landscape Golf
Median Price of Homes Sold Each Year
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 54 Cumberland Drive 19 Lexington Drive 35 Cumberland Drive 50 Lady Slipper Island Drive 211 Summerton Drive 277 Belfair Oaks Boulevard 13 Oconee Court 6 Lexington Drive 295 Bamberg Drive 177 Summerton Drive 23 Newberry Court 217 Summerton Drive 143 Belfair Oaks Boulevard 276 Bamberg Drive 130 Belfair Oaks Boulevard 161 Belfair Oaks Boulevard 88 Cumberland Drive 18 E Cottage Circle 7 E Summerton Drive 122 Summerton Drive 60 Kershaw Drive 10 W Kershaw Drive 157 Belfair Oaks Boulevard 52 Richland Drive 7 Abbeville Court 286 Belfair Oaks Boulevard 92 Cumberland Drive 158 Summerton Drive 11 E Summerton Court 35 Newberry Court 251 Belfair Oaks Boulevard 47 Cumberland Drive 95 Cumberland Drive 10 Berkeley Court 26 Lexington Drive 17 Belmeade Drive 12 Lexington Drive 54 Kershaw Drive 81 Lexington Drive 79 Belfair Oaks Boulevard 16 Newberry Court 118 Belfair Oaks Boulevard 14 Lexington Drive 51 Manchester Court 20 E Cottage Circle 17 E Summerton Court 5 W Kershaw Drive 145 Summerton Drive 2 Cumberland Drive
$440,000
$440,000
$419.000
$400,000$400,000
$419.000
$395,000
$331,000
$300,000$300,000
FOOD FOR THOUGHT
$395,000
$330,000
$331,000
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.
$345,000 $330,000 $345,000
$323,000 $323,000 $260,000 $300,000 $260,000 $300,000 $278,000 $281,000 $278,000 $265,000 $281,000 $262,000 $265,000 $256,000 $262,000 $256,000
david m. blitzer, managing DIRECTOR & Chairman index committee s&p dow jones indices
$200,000 $200,000
18 20 17 20 1618 20 0 2 1517 2020 6 1041 202 1315 20 0 2 1214 2020 1113 2020 1012 2020 0911 2020 0810 20 0 2 0709 20 0 2 0608 20 0 2 0507 2020 06
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 Sold Sold Sold Sold Sold Sold Sold Sold Sold Sold Sold Sold Sold Sold Sold Sold Sold Sold Sold
KEY TRENDS
20
VIEW
05
ADDRESS
Home Prices Are on Their Way Up! Up 4.5% in Just the First Six Months of 2018.
20
STATUS
TOTAL APPROX. YEAR FULL BATHS HALF BATHS LIST PRICE CLOSE PRICE BEDROOMS SQ. FOOTAGE BUILT 6 8 1 9,055 2001 $2,250,000 --4 5 0 4,864 2004 $1,795,000 --4 7 3 7,711 2006 $1,749,000 --4 5 1 6,250 2007 $1,545,000 --5 6 1 6,200 2004 $1,190,000 --5 6 2 4,980 2014 $949,000 --4 5 1 3,428 2006 $885,000 --4 5 1 5,200 2007 $819,000 --4 5 1 4,647 2000 $795,000 --3 4 0 4,340 2000 $775,000 --5 6 1 4,279 2007 $749,900 --4 5 1 3,510 2017 $719,900 --4 5 1 3,850 2006 $700,000 --3 4 2 3,612 2016 $698,000 --4 5 1 4,689 1999 $695,000 --4 5 1 5,058 2002 $695,000 --5 5 1 4,368 2001 $695,000 --4 5 1 3,440 2014 $679,500 --4 4 1 3,700 2002 $659,000 --4 4 0 3,450 1997 $588,800 --5 6 1 4,015 2000 $575,000 --4 5 1 3,596 2000 $559,000 --5 4 0 2,335 1999 $529,000 --4 5 1 3,702 1998 $529,000 --5 5 0 2,355 1998 $495,000 --4 5 1 3,443 2001 $489,000 --3 3 0 2,532 1998 $419,000 --4 4 0 2,336 1999 $399,000 --4 4 0 2,336 1999 $374,900 --4 4 0 2,511 1999 $339,000 --5 7 1 7,558 2002 $999,000 --4 5 1 3,539 2016 $749,000 --4 4 1 4,298 2002 $749,000 --5 6 1 5,300 1999 $699,000 --4 5 1 3,000 2017 $549,000 --4 5 1 3,512 2001 $349,000 --4 4 0 2,466 2001 $347,000 --5 5 1 5,100 2017 $1,295,000 $1,295,000 4 5 1 5,023 1999 $899,000 $860,000 $849,000 $835,000 3 4 1 3,935 1999 3 4 1 4,221 2003 $799,900 $750,000 4 5 1 3,814 1999 $729,000 $713,834 4 4 1 3,679 1999 $699,000 $685,000 3 4 1 3,668 2013 $695,000 $675,000 4 5 1 3,657 2006 $679,000 $660,000 4 4 0 3,797 2012 $649,000 $650,000 4 4 0 3,449 1998 $619,000 $619,000 4 4 0 3,330 2015 $579,000 $552,000 3 3 0 3,378 1998 $559,000 $559,000 4 4 0 3,703 2002 $559,000 $559,000 4 3 0 3,075 2003 $499,000 $490,000 5 4 0 2,363 1997 $449,000 $399,500 3 3 0 2,537 2006 $439,000 $410,000 4 4 0 2,440 1999 $425,000 $425,000 3 4 1 3,013 2000 $425,000 $385,000 4 4 0 2,894 1998 $399,000 $375,000
Because of the sustained improvement of the last nine years in the number of sales, the median price of homes, according to MLS data, is on the way up. The median price of homes sold in just the first half of 2018 was 4.5% over 2017. If the rapid pace of sales continue, we could see an annualized appreciation rate in the neighborhood of 5%. The good news is that homes are still bargain-priced at 22% below the Pre-Recession peak set in 2005. Avoid paying more next year! Those wanting to own real estate in the Hilton Head Island - Bluffton area may want to seriously consider buying now. If the appreciation rate hits 5% this year, the extra cost of waiting a year to buy a $500,000 home would be $25,000.
KEY TRENDS
The Cost Across Time: Average Interest Rate and Mortgage Payment Source: Freddie Mac
70’s
80’s
90’s
2000’s
8.86% $1,986
12.7% $2,707
8.12% $1,855
6.29% $1,546
TODAY 4.55% $1,274
Even with the projection that Interest Rates will increase by a half a point in the next 12 months, we are still well below historic numbers!
Lock in a low rate now! The average 30-year fixed mortgage rates and the approximate payment for a $250,000 mortgage. Payments are principal and interest only based on a $250,000 fully amoritizing mortgage.
Belfair Home Listings
Giving You The EDGE™- Smart Marketing, Extensive Exposure and Tailored Strategies to Sell Your Home Global reach with boutique style is what you can expect when working with Engel & Völkers here and around the world - and we’ve sharpened our EDGE. Committed to delivering the highest level of customer service, we provide Extensive Domestic & Global Exposure (EDGE) designed to maximize exposure of your listing to qualified, targeted buyers worldwide with the utmost care and competency. • Highly trusted strategic online and mobile marketing partners with a combined 500 million website and mobile views per month • A global network spanning more than 30 countries with 9,000 Advisors in 750 shops around the world • White-glove professionalism and local market expertise of your dedicated Advisor Let us provide the EDGE you need to sell your home. Contact the Linda Rudd Team for a complimentary, no-obligation home valuation.
Definitions for Listings Active - On the Market Pending - Under Contract Sold - Closed Between May 1, 2018 and August 31, 2018
Source: Hilton Head Multiple Listing Service MedianofPrices ofSold Homes Sold Median Prices Homes Hilton Head Island/Bluffton 1st Half Hilton Head Island/Bluffton 2005-2018 2005-2018 1st Half
$500,000$500,000 Median Price of Homes Sold Each Year
Deep Water, Marsh Deep Water, Golf Marsh, River Golf, Lake Golf Golf Marsh, River Golf, Wooded Golf, Lagoon Landscape, Wooded Marsh, River Lake Lake Golf Golf, Lagoon Golf, Lagoon Lagoon Wooded Lake Golf, Lake Golf Golf Golf Golf, Marsh Golf, Marsh Golf Golf, Landscape Lake Landscape Golf, Landscape Marsh, River Lake Golf, River Golf, Marsh Landscape Lagoon, Wooded Landscape, Wooded Golf, Lake Lagoon, Landscape Marsh, River Golf, Lake Golf, Lagoon Golf, Wooded Golf Lagoon, Landscape Golf Golf, Lagoon Landscape Golf Golf Golf Marsh, River Landscape, Wooded Golf, Lake Landscape Golf
Median Price of Homes Sold Each Year
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 54 Cumberland Drive 19 Lexington Drive 35 Cumberland Drive 50 Lady Slipper Island Drive 211 Summerton Drive 277 Belfair Oaks Boulevard 13 Oconee Court 6 Lexington Drive 295 Bamberg Drive 177 Summerton Drive 23 Newberry Court 217 Summerton Drive 143 Belfair Oaks Boulevard 276 Bamberg Drive 130 Belfair Oaks Boulevard 161 Belfair Oaks Boulevard 88 Cumberland Drive 18 E Cottage Circle 7 E Summerton Drive 122 Summerton Drive 60 Kershaw Drive 10 W Kershaw Drive 157 Belfair Oaks Boulevard 52 Richland Drive 7 Abbeville Court 286 Belfair Oaks Boulevard 92 Cumberland Drive 158 Summerton Drive 11 E Summerton Court 35 Newberry Court 251 Belfair Oaks Boulevard 47 Cumberland Drive 95 Cumberland Drive 10 Berkeley Court 26 Lexington Drive 17 Belmeade Drive 12 Lexington Drive 54 Kershaw Drive 81 Lexington Drive 79 Belfair Oaks Boulevard 16 Newberry Court 118 Belfair Oaks Boulevard 14 Lexington Drive 51 Manchester Court 20 E Cottage Circle 17 E Summerton Court 5 W Kershaw Drive 145 Summerton Drive 2 Cumberland Drive
$440,000
$440,000
$419.000
$400,000$400,000
$419.000
$395,000
$331,000
$300,000$300,000
FOOD FOR THOUGHT
$395,000
$330,000
$331,000
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.
$345,000 $330,000 $345,000
$323,000 $323,000 $260,000 $300,000 $260,000 $300,000 $278,000 $281,000 $278,000 $265,000 $281,000 $262,000 $265,000 $256,000 $262,000 $256,000
david m. blitzer, managing DIRECTOR & Chairman index committee s&p dow jones indices
$200,000 $200,000
18 20 17 20 1618 20 0 2 1517 2020 6 1041 202 1315 20 0 2 1214 2020 1113 2020 1012 2020 0911 2020 0810 20 0 2 0709 20 0 2 0608 20 0 2 0507 2020 06
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 Sold Sold Sold Sold Sold Sold Sold Sold Sold Sold Sold Sold Sold Sold Sold Sold Sold Sold Sold
KEY TRENDS
20
VIEW
05
ADDRESS
Home Prices Are on Their Way Up! Up 4.5% in Just the First Six Months of 2018.
20
STATUS
TOTAL APPROX. YEAR FULL BATHS HALF BATHS LIST PRICE CLOSE PRICE BEDROOMS SQ. FOOTAGE BUILT 6 8 1 9,055 2001 $2,250,000 --4 5 0 4,864 2004 $1,795,000 --4 7 3 7,711 2006 $1,749,000 --4 5 1 6,250 2007 $1,545,000 --5 6 1 6,200 2004 $1,190,000 --5 6 2 4,980 2014 $949,000 --4 5 1 3,428 2006 $885,000 --4 5 1 5,200 2007 $819,000 --4 5 1 4,647 2000 $795,000 --3 4 0 4,340 2000 $775,000 --5 6 1 4,279 2007 $749,900 --4 5 1 3,510 2017 $719,900 --4 5 1 3,850 2006 $700,000 --3 4 2 3,612 2016 $698,000 --4 5 1 4,689 1999 $695,000 --4 5 1 5,058 2002 $695,000 --5 5 1 4,368 2001 $695,000 --4 5 1 3,440 2014 $679,500 --4 4 1 3,700 2002 $659,000 --4 4 0 3,450 1997 $588,800 --5 6 1 4,015 2000 $575,000 --4 5 1 3,596 2000 $559,000 --5 4 0 2,335 1999 $529,000 --4 5 1 3,702 1998 $529,000 --5 5 0 2,355 1998 $495,000 --4 5 1 3,443 2001 $489,000 --3 3 0 2,532 1998 $419,000 --4 4 0 2,336 1999 $399,000 --4 4 0 2,336 1999 $374,900 --4 4 0 2,511 1999 $339,000 --5 7 1 7,558 2002 $999,000 --4 5 1 3,539 2016 $749,000 --4 4 1 4,298 2002 $749,000 --5 6 1 5,300 1999 $699,000 --4 5 1 3,000 2017 $549,000 --4 5 1 3,512 2001 $349,000 --4 4 0 2,466 2001 $347,000 --5 5 1 5,100 2017 $1,295,000 $1,295,000 4 5 1 5,023 1999 $899,000 $860,000 $849,000 $835,000 3 4 1 3,935 1999 3 4 1 4,221 2003 $799,900 $750,000 4 5 1 3,814 1999 $729,000 $713,834 4 4 1 3,679 1999 $699,000 $685,000 3 4 1 3,668 2013 $695,000 $675,000 4 5 1 3,657 2006 $679,000 $660,000 4 4 0 3,797 2012 $649,000 $650,000 4 4 0 3,449 1998 $619,000 $619,000 4 4 0 3,330 2015 $579,000 $552,000 3 3 0 3,378 1998 $559,000 $559,000 4 4 0 3,703 2002 $559,000 $559,000 4 3 0 3,075 2003 $499,000 $490,000 5 4 0 2,363 1997 $449,000 $399,500 3 3 0 2,537 2006 $439,000 $410,000 4 4 0 2,440 1999 $425,000 $425,000 3 4 1 3,013 2000 $425,000 $385,000 4 4 0 2,894 1998 $399,000 $375,000
Because of the sustained improvement of the last nine years in the number of sales, the median price of homes, according to MLS data, is on the way up. The median price of homes sold in just the first half of 2018 was 4.5% over 2017. If the rapid pace of sales continue, we could see an annualized appreciation rate in the neighborhood of 5%. The good news is that homes are still bargain-priced at 22% below the Pre-Recession peak set in 2005. Avoid paying more next year! Those wanting to own real estate in the Hilton Head Island - Bluffton area may want to seriously consider buying now. If the appreciation rate hits 5% this year, the extra cost of waiting a year to buy a $500,000 home would be $25,000.
KEY TRENDS
The Cost Across Time: Average Interest Rate and Mortgage Payment Source: Freddie Mac
70’s
80’s
90’s
2000’s
8.86% $1,986
12.7% $2,707
8.12% $1,855
6.29% $1,546
TODAY 4.55% $1,274
Even with the projection that Interest Rates will increase by a half a point in the next 12 months, we are still well below historic numbers!
Lock in a low rate now! The average 30-year fixed mortgage rates and the approximate payment for a $250,000 mortgage. Payments are principal and interest only based on a $250,000 fully amoritizing mortgage.
THE STATE
Our Portfolio of Fine Properties in Belfair S O
L
D
of the Belfair Real Estate Market September 2018
KEY METRICS
First Eight Months of 2018 in Review
In Belfair, 33 homes closed in the first eight months of 2018, compared to 21 homes which closed during the same period in 2017. So far in 2018, the total dollar volume was $18,706,934, up compared to $13,842,000 during the same period last year. Supply and demand: as of September 1st, 2018, there are 30 Belfair homes listed for sale with an average of 4.1 homes selling per month over the last eight months. That translates into a 7.3-month supply, considered by industry experts to be a buyer’s market. There are seven homes under contract in Belfair and there are currently 34 lots for sale. Three lots have sold in the last eight months and three are under contract.
33
$545,000
96.67%
200
Total Sales
Median Price
Sale to List Price
Median Days on Market
S
O
L
D
Beautifully designed and built, this pristinely maintained home enjoys one of Belfair’s most secluded peaceful golf vistas. Professionally decorated it’s “eye candy” with one stunning room after another. Careful planning created a wonderful chef’s kitchen with stainless steel appliances, granite counters and breakfast dining all open to the great room and marvelous view. Rich pine floors add warmth to a sunlit livable floor plan where quality and attention to detail are evident in every area of this dream home. Impressive street appeal, crowned by masterfully done landscaping, cinches the deal. 51 Manchester Court, Belfair 4 Bedrooms | 3 Bathrooms | 3,075 Htd. SqFt | $490,000
Greater Bluffton Real Estate Market Overview ACTIVE LISTINGS IN GREATER BLUFFTON
725 How’s the Bluffton Real Estate Market Doing?
YTD Greater Bluffton Home Sales Flawless sunlit home! Turn-key inside & out! Just a stroll to the Fitness Center, this 2012 remodel shows like a 2018 remodel with an open floor plan enhanced by custom detailed high ceilings and gleaming wood floors and 8-foot doors in all main living areas. The eat-in kitchen has stainless steel appliances, a gas cooktop, backsplash, pantry, granite counters and breakfast bar. The great room boasts a cozy fireplace and built-ins all leading to a “secret garden” patio on a peaceful forest preserve. Added appeal includes a dining room, bonus room and a full bath, A+ street appeal, and a paver drive. 35 Newberry Court, Belfair 4 Bedrooms | 4 Bathrooms | 2,466 Htd. SqFt | $340,000 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
YTD Through August 31 for Each Year
Year
Number of Homes Sold
Median Price
2013
1,060
$229,000
2014
959
$245,000
2015
1,159
$259,000
2016
1,327
$280,000
2017
1,395
$287,000
2018
1,575
$299,000
In 2018 the Greater Bluffton housing market continues to be on fire, again setting the record for the all-time best first eight 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 eight months sales in Greater Bluffton, which includes all of southern Beaufort County except Hilton Head and Daufuskie Islands, peaked in 2005 at 769 sales. As you can see in the chart to the left, in first eight months of 2018 1,575 homes were sold, more than 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 September 7, 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.