Royal Pines which boasts 2 golf courses, clubhouse, community pool & tennis courts first started building at the beginning of the 70’s however, didn’t really grow until the late 80’s & 90’s. Sales for Royal Pines Beaufort SC have slowed as we approach the end of the year. 3rd quarter showed 7 closed sales in the Beaufort MLS with an average sold price of $263,785. So far in the 4th quarter of 2008 we find 3 closed sales in Beaufort MLS with an average sales price of $261,333. Hopefully after the election and the holidays, we will see sales begin to pick up and then our 38 current homes on the market will be absorbed. At the rate of sales 3rd quarter, it will take 16.5 months for the current inventory to be sold. Telfair is a relatively new neighborhood on Lady’s Island in Beaufort SC with quiet cul de sacs, & abundant ponds for wildlife such as deer, Canadian geese, ducks, raccoons, opossum, and who knows what else. Its close proximity to Coosa Elementary, one of Beaufort’s finest and most desirable elementary schools, makes it a favorite for young families. Most homes have attached 2 car garages and good size yards. 3rd quarter 2008 sales show 5 closed sales with an average sales price of $213,700. So far in the 4th quarter of 2008 there is only 1 closed sale showing in MLS at $184,500. So, as we have seen in all neighborhoods across the board, sales in this 4th quarter have really stalled. Hopefully with the election behind us and after the holidays, we will see the housing market pick back up and things begin to move. Based on the 3rd quarter sales, we only have a 9-10 month supply of homes in this highly desirable neighborhood, so it will bounce back quicker than some once things begin to move.
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