Collins Group Realty's 2015 State of the Market Report | Page 16
Bluffton
at a glance
*Data reflects closed home sales
bluffton park
YEAR
2012
2013
2014
SALES
36
41
40
AVG PRICE
$142,366
$158,546
$168,879
HIGHEST SALE
$235,000
$261,827
$233,000
LOWEST SALE
$70,000
$76,000
$116,000
AVG DOM
95
113
47
belfair
YEAR
2012
2013
2014
SALES
16
34
37
AVG PRICE
$543,825
$584,353
$590,784
HIGHEST SALE
$730,000
$925,000
$1,500,000
LOWEST SALE
$269,900
$281,000
$307,000
AVG DOM
152
228
200
berkeley hall
YEAR
2012
2013
2014
SALES
18
20
22
AVG PRICE
$602,217
$500,180
$682,950
HIGHEST SALE
$925,000
$1,200,000
$1,895,000
LOWEST SALE
$340,000
$340,000
$285,000
SALES
11
20
21
AVG PRICE
$876,591
$870,250
$737,067
HIGHEST SALE
$1,440,000
$2,300,000
$1,700,000
LOWEST SALE
$370,000
$465,000
$283,500
AVG DOM
239
146
229
AVG DOM
268
246
269
Although the number of home sales held above 20 for the
second year in a row, the average and median price in Colleton River trended down amongst abundant inventory in
2014. Frustratingly, the oversupply of homesites for sale did
not help the market in 2014, and homesite absorption was
not as high as it was in 2012 or 2013.
AVG DOM
211
146
133
Although fewer homes sold last year, Hampton Hall can
boast a “balanced 2014 market,” as the year closed out with
44 sales, 6 homes under contract and 26 active listings.
Furthermore, buyers did not seem to favor one particular
view over another as there was a nice distribution of home
sales with wooded, golf or lagoon views.
AVG DOM
137
144
105
Island West experienced a nice market in 2014. In addition
to an improving average sales price and reduced time
required to sell, there were fewer “distressed sales” when
2014 is compared against the past several years. The year
closed out with 5 homes under contract and only 7 active
listings, illustrating a healthy market climate.
hampton hall
YEAR
2012
2013
2014
SALES
48
54
44
AVG PRICE
$410,680
$451,572
$465,130
HIGHEST SALE
$625,000
$725,000
$785,000
LOWEST SALE
$196,000
$224,000
$253,200
island west
YEAR
2012
2013
2014
SALES
18
13
15
AVG PRICE
$276,761
$283,077
$323,200
HIGHEST SALE
$330,000
$325,000
$390,000
LOWEST SALE
$238,000
$230,000
$190,000
moss creek
YEAR
2012
2013
2014
SALES
57
68
54
AVG PRICE
$340,211
$413,623
$360,525
HIGHEST SALE
$600,100
$1,100,000
$740,000
LOWEST SALE
$102,000
$107,100
$111,000
Although the average sales price in Belfair pushed up
slightly in 2014, the median sale price dropped as a much
higher percentage of homes under $500,000 sold in 2014
than in 2013. Inventory levels in Belfair remained relatively
high, as 2014 closed out with 34 active listings for sale.
2014 was a better year for Berkeley Hall as both the average
and median price notably increased when compared against
2013, and the number of sales over $500,000 jumped
considerably. Especially noteworthy, Berkeley Hall posted its
highest re-sale price in MLS history, besting even the highest
prices at the 2005/2006 top of the market.
colleton river
YEAR
2012
2013
2014
Strong sales continued for a third consecutive year in
Bluffton Park, and at a rapid pace! Additionally, average
prices increased even as the number of reported new home
sales tapered off, illustrating solid re-sale activity. And, with
its prime location so close to Old Town we can anticipate
2015 being another strong year for sales in Bluffton Park.
AVG DOM
165
133
162
Unfortunately 20% of the sales in Moss Creek during 2014
were identified as “distressed sales” by either selling “short”
or by the bank, affecting the market in terms of price and
activity. On a positive note, much of this type of inventory
has been absorbed, and by the end 2014 there was only one
short sale listing and no bank owned remaining listings for
sale in Moss Creek.