What's Happening in the Beaufort SC Real Estate Market

Real Estate Broker/Owner with Advanced Real Estate Company

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. 

market stats 

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 navigate.  To search all area homes for sale visit  www.BeaufortExperts.com





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Cherimie Crane
Cherimie Crane & Associates - Beaufort, SC

This is great information! I know my recent sales have all been in the 100-200k range.

Sep 24, 2008 12:46 AM #1
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