This July 2017 Belfair real estate market report shows how the Hilton Head Island - Bluffton real estate market is doing, compares home sales from previous months, discusses supply and demand and shows the status of the homes in Spanish Wells.
In Belfair, eighteen homes closed in the first six months of 2017, compared to seventeen last year. January through June’s total dollar volume was $12.167M, up compared to $11.528M in 2016. Supply and demand: as of July 13, 2017, there are 51 Belfair homes listed for sale with an average of three homes selling per month over the last six months. That translates into a 17-month supply, considered by industry experts to be a strong buyer’s market. There are three homes under contract in Belfair. In the lot realm, six lots closed in the first six months of 2017, seven lots closed during the same period in 2016. There are no lots under contract at this present time.