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The State of the Belfair Real Estate Market-October 2017

Friday, November 3rd, 2017 at 9:27am Engel & Völkers Hilton Head Island - Bluffton and Beaufort

This October 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, 24 homes closed in the first three quarters of 2017, compared to 26 last year. January through September's total dollar volume was $16.1M, slightly down compared to $17.1M in 2016. Supply and demand: as of October 16, 2017, there are 46 Belfair homes listed for sale with an average of three homes selling per month over the last six months. That translates into a 15.3-month supply, considered by industry experts to be a strong buyer's market. There are six homes under contract in Belfair. In the lot realm, six lots closed in the first nine months of 2017, tens lots had closed by this same time in 2016. There are no lots under contract at this present time.

 

 

 

 

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