There has never been a better first 11 months in Belfair home sales in the community's history! During this time, 31 homes in the Belfair area have sold at a median price of $575,000. The 31 homes sold is a new record for any January through November period in the history of the Multiple Listing Service's reported data. The number of home sales has more than doubled the number of sales during the same time period of last year and has steadily risen an incredible 158% since the low point in 2009 when 12 homes were sold.
What does this mean for you? THAT NOW IS THE TIME TO BUY BELFAIR SC REAL ESTATE. Our local Hilton Head area real estate market (of which Belfair is a part) is indicating that we are in the beginning of a steady, well-grounded upswing. Prices and rates are still low for those seeking to buy their dream home.
Number of Belfair Home Sales in the First Eleven Months
To demonstrate this impressive growth, I've created a chart below comparing the number of home sales each year from 2004 through 2013. It is easy to see just how impressive the Belfair, SC real estate market is.
What Part Of The Hilton Head Area Is Considered Belfair, SC?
Belfair is situated in Bluffton, SC, five miles from Hilton Head Island, SC and occupies the former site of a genuine Lowcountry plantation by the same name. This historic piece of land has stayed largely intact from the early 1800's until now.
Belfair boasts some of the most exquisite waterfront, lagoon-front, and golf view homes for sale. Each home is individually designed, creating a community of architectural variety and beauty. According to the South Carolina Golf Course Ratings Panel, Belfair is one of the finest private golf club communities in the the state with both of the community's courses ranked in the Top 30.
History and nature combine to make Belfair a nature-lovers paradise. Immediately upon driving into Belfair you are greeted by what may be the most dramatic entrance to any planned community in South Carolina: the Belfair Avenue of Oaks. Visitors and residents get an indefinable sense that something really special is at the other end of this road. And there is: Belfair!
Belfair, SC Home Prices Through The Years
Take a look at home prices for Belfair area sales over the first eleven months of 2004 through 2013:
As you can see, Belfair home prices are climbing back up from the lowest point in 2010, with prices in 2013 up 20.3% below their low point in 2010. Median home prices have increased 3.6% to $575,000 since last year, but are still 27% below the peak values set in 2006. These figures, combined with the record-setting pace of home sales, suggest that prices will continue to climb over the next several years.
Best Year For Belfair, SC Homes For Sale
Have you heard people lament about "getting in on the ground floor" of a company? Investing in stock before it "took off"? Well, NOW is that time for Hilton Head real estate. No matter who you team with for your real estate representation, please don't delay in your home buying goals. Start your Belfair SC Home Search now and contact Rick Turner and Associates to reach the best Real Estate Team in Belfair.
Until next time,