2015 Collins Group Realty State of the Market Report 1 | Page 16

Bluffton
at a glance
*Data reflects closed home sales

bluffton park
YEAR
2013
2014
2015

SALES
41
40
40

AVG PRICE
$158,546
$168,879
$181,901

HIGHEST SALE
$261,827
$233,000
$245,400

LOWEST SALE
$76,000
$116,000
$125,000

AVG DOM
113
47
41

belfair
YEAR
2013
2014
2015

SALES
34
37
27

AVG PRICE
$584,353
$590,784
$576,404

HIGHEST SALE
$925,000
$1,500,000
$850,000

LOWEST SALE
$281,000
$307,000
$339,750

AVG DOM
228
200
136

berkeley hall
YEAR
2013
2014
2015

SALES
20
22
27

AVG PRICE
$500,180
$682,950
$642,604

HIGHEST SALE
$1,200,000
$1,895,000
$1,325,000

LOWEST SALE
$340,000
$285,000
$300,000

AVG DOM
146
229
179

colleton river
YEAR
2013
2014
2015

SALES
20
21
25

AVG PRICE
$870,250
$737,067
$753,039

HIGHEST SALE
$2,300,000
$1,700,000
$2,025,000

LOWEST SALE
$465,000
$283,500
$350,000

AVG DOM
246
269
173

SALES
54
44
63

AVG PRICE
$451,572
$465,130
$500,773

HIGHEST SALE
$725,000
$785,000
$889,000

LOWEST SALE
$224,000
$253,200
$252,500

SALES
13
15
27

AVG PRICE
$283,077
$323,200
$335,117

HIGHEST SALE
$325,000
$390,000
$390,000

LOWEST SALE
$230,000
$190,000
$258,000

SALES
68
54
65

AVG PRICE
$413,623
$360,525
$404,365

HIGHEST SALE
$1,100,000
$740,000
$841,500

LOWEST SALE
$107,100
$111,000
$144,000

Colleton River had some positive sales activity in 2015,
including a moderate but continued increase in the number of
closed transactions over prior years. Additionally, there were 7
sales over the $900,000 price point and one sale in the beginning
of the year over $2MM. In this mix, 20% of the closed home sales
reported in Colleton River were either bank-owned or advertised
as selling “short.” While not the best news, it is a slight
improvement when compared to the 2014 market.

AVG DOM
144
105
84

Wow! The number of sales in Island West nearly doubled in 2015!
Additionally, homes were moving more quickly as the average Days
on Market trended all the way down to under 3 months for the
homes that sold during the year. Further bolstering the market, the
year closed out with another 5 homes under contract, 4 of which
were pending during the last few days of the year. We should see
another impressive year of sales in Island West in 2016…

AVG DOM
133
162
143

Moss Creek experienced a much better market last year when
compared against 2014. Not only did the number of reported
sales at or above $500,000 nearly DOUBLE, but the percentage
of bank-owned and short sales went from 20% to 3% as well...
obviously a huge and important improvement for the
marketplace! Additionally, the recorded Days On Market for
the closed sales saw an impressive 12% drop from the prior year.

moss creek
YEAR
2013
2014
2015

Over 40% of the Berkeley Hall sales in 2015 were “Lifestyle”
or similar-design homes; however, there were also 3 “new
home” sales during the year. As for Active listings, the year
started out with 32 homes for sale, and the inventory peaked
in the fall with 46 homes on the market. Until inventory
levels can get down to about a 6-month-supply (based on
the pace of sales) we’ll be watching for possible examples of
downward pressure on prices in 2016.

AVG DOM
146
133
99

island west
YEAR
2013
2014
2015

There was an over-supply of inventory for sale in Belfair
throughout the year, with 30-40 listings on the market at any
given time in 2015. The availability of this many homes for
sale resulted in added pressure for competitive pricing, yet
still led to 27 closed home sales during the course of the year.
This relationship between listings and sales played a part in
the moderate drop in the average sale price of homes sold in
Belfair during 2015.

Enjoying a solid market, the number of sales in Hampton Hall rose
considerably in 2015 with 63 single family sales plus an additional
28 homesite sales. By price-point, nearly one-half of the home
sales closed in the $500,000 to $750,000 bracket, and by timing,
68% of the sales took place during the last 6 months of the year.
Listing inventory remained at healthy levels most of the year, and
the average sale price once again was up from the previous year.

hampton hall
YEAR
2013
2014
2015

While the number of reported sales in Bluffton Park in 2015
remained consistent with the prior year, prices did trend up almost
8% as inventory remained very limited. In fact… as we closed out
the year, there were only 4 homes listed for sale in Bluffton Park.
With limited supply and growing demand, the number of days it
takes a home to sell drops while prices improve, which for Bluffton
Park should ZY[H