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The State of the Belfair Real Estate Market- April 2017

Monday, May 1st, 2017 at 11:49am Engel & Völkers Hilton Head Island - Bluffton and Beaufort

This 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 Belfair. 

In Belfair, seven homes closed in the first quarter of 2017, compared to nine last year. January through March’s total dollar volume is $4.114M, down compared to $6.038M in 2016. Supply and demand: as of April 12, 2017, there are 49 Belfair homes listed for sale with an average of 2.33 homes selling per month over the last six months. That translates into a 21.03-month supply, considered by industry experts to be a strong buyer’s market; and there are seven homes under contract in Belfair. In the lot realm, one lot closed in the first quarter of 2017, compared to two in 2016. There are currently four lots under contract.

 

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