Collins Group Realty's 2015 State of the Market Report | Page 12

state of the bluffton
market
2014 - Full Steam Ahead in Bluffton
by

Chip Collins, Owner & Broker-in-Charge

Like stock-brokers watch their “tickers,” we
monitor changes in the real estate inventory
constantly throughout the day, keeping tabs
on what is new on the market, what just sold,
where prices changed, etc.. And, in 2014, the
fascinating development was just how much
the real estate activity in the greater
Bluffton market-area dominated those
reports. Clearly, it was a healthy and robust
year for real estate on the mainland!
Taking a closer look at the stats, after a
HUGE jump in the number of Home sales
that we saw in 2013, 2014’s figure is actually
down just slightly – but only because certain
inventories effectively “dried up.” It’s hard to
buy what’s not available for sale, essentially…
And THAT is a good thing for the health,
momentum and future of the Bluffton
market!

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State of the Market

Hand-in-hand with the slight drop in the
total number of Home sales, we saw another
nice JUMP IN AVERAGE SALES PRICES
for the market-area, and we well-expect this
trend to continue in 2015 as supplies remain
tight, demand remains strong, and
price-appreciation comes more strongly
into play.
It also should come as no surprise to see the
nice drop in the Average Days on Market for
greater-Bluffton Home sales, ending up just
a little over 3 months. And, this statistic also
includes some Home sales that had
otherwise been lingering a little longer on
the market, offsetting an impressive
number of other listings that literally sold
within just a few days of being introduced
onto the market. This is a critical
comp ۙ[