MARKET Studies Bluffton, SC 2014
As with most real estate messages, it takes a tremendous amount of research and analysis to determine exactly where we are. The good news is that there are fewer and fewer properties coming onto the market in our area every month.
A brief explanation of the local definition of "Bluffton, Off-Plantation". We have many gated communities in the area but our local Multiple Listing Service separates those developments that are accessible without gates or guards. These are the enclaves about which the information and charts refer.
The following shows the number of listings that were placed on the market in January for the years beginning in 2003 to the present as well as the average list prices.
The difficult part of the equation is that pricing still remains a very critical aspect for sellers. Though there is upward pressure, the prices are still dictated by recent sales. Various neighborhoods are showing signs of increases of more than 5% since the end of 2013; other communities are still languishing. The most active price point is in the low $100,000's. Availability of homes or townhomes, or condos below $100,000 is virtually non-existent.
There are 201 Homes on the Market in Bluffton, Off-Plantation
AVERAGE LIST PRICE $197,697
There are 102 PENDING Homes
156 Homes CLOSED in the last 90 days
AVERAGE SALE PRICE $224,944
It's exciting to see that as the days on the market decreases, the number of new listings declines, the price pressure will gradually increase.
If you have been waiting for a sign; perhaps this is the one. Click here for more information.