This August 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 Belfair.
In Belfair, 19 homes closed in the first seven months of 2017, compared to 18 last year. January through July’s total dollar volume was $12.932M, up compared to $12.5M in 2016. Supply and demand: as of August 16, 2017, there are 48 Belfair homes listed for sale with an average of 2.5 homes selling per month over the last six months. That translates into a 19.2-month supply, considered by industry experts to be a strong buyer’s market. There are seven homes under contract in Belfair. In the lot realm, six lots closed in the first seven months of 2017, eight lots closed during the same period in 2016. There are no lots under contract at this present time.