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The State of the Belfair Real Estate Market - November 2017

Monday, November 27th, 2017 at 9:01am Engel & Völkers Hilton Head Island - Bluffton and Beaufort

This November 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, 26 homes closed in the first ten months of 2017, compared to 27 last year. January through October’s total dollar volume was $17.4M, slightly down compared to $17.7M in 2016. Supply and demand: as of November 16, 2017, there are 44 Belfair homes listed for sale with an average of three homes selling per month over the last six months. That translates into a 14.67-month supply, considered by industry experts to be a strong buyer’s market. There are nine homes under contract in Belfair. In the lot realm, six lots closed in the first ten months of 2017, ten lots closed during the same period in 2016. There are no lots under contract at this present time.

 

 

 

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