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What's Happening in the Beaufort SC Real Estate Market
Talking with another real estate broker yesterday, I heard the broker say "the phones have been kind of quiet, showings have slowed and buyers have apparently disappeared."   I looked at recent sales in Beaufort from August 1-today. 
 
I looked at residential homes in Beaufort, Mossy Oaks, Port Royal, Burton, Lady's Island, St. Helena, Dataw Island, Fripp Island, Harbor Island, Northern Beaufort County, and Jasper County including Ridgeland.  71 homes in 6 weeks isn't much to talk about, but it could be much worse.  We live in a community of about 45,000 people.  The great thing we do have is that we do not have one type of buyer.  We have military, retirees, professionals such as doctors, lawyers, vacation home buyers, and investors.  We do not rely on one type of buyer or industry to spur our local market. 
To give you an idea of what is selling here is the breakdown:
100,000-200,000=38 sales
200,000-300,000=13 sales
300,000-400,000=10 sales
400,000-500,000=2 sales
500,000-600,000=3 sales
600,000+=3 sales
While the average and median days on the market has fallen, it is evident that homes in the 100,000-200,000 are what people are buying right now.  Interest rates are coming down, but guidelines for lending are hard to ... more

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