April 2019 Newsletter

April 2019 Newsletter


FIRST QUARTER 2018 RESIDENTIAL SALES REVIEW

By Everett Ballenger. B.I.C. Ballenger Realty. Former President Beaufort County Associations of Realtors.

 

2018 was an excellent year for the real estate market in Northern Beaufort County. As was the year before…compared with the slow real estate recovery after the financial collapse in the mid 2000’s. I often get asked at social events how I feel the “market” is preforming in our area. I have for some time responded that it is pretty much steady as she goes. In reviewing the stats for the first quarter of 2019, it seems like that trend is continuing. Three of five main areas we cover saw quite strong increases in unit sales – surprisingly Port Royal and Burton did not.

 

After some sluggish quarters in the past, Beaufort has seen strong sales for some time now + (50%). Mossy Oaks does not normally see a lot of movement in either direction, but was up + (30%) this time. Port Royal was a little surprising – dropping some – 17%. Burton was another surprise. Normally Burton is one of the top selling areas in Northern Beaufort County.

 

Single Family Homes Sold In First Quarter Of 2019

 

Month          Beaufort        Mossy Oaks     Port Royal      Burton     Lady’s Island     Total

January              12                      6                      4                17                   28               67

February            10                      3                      1                21                   30               65

March                11                      8                    12                29                   28               88

 

Total                 33                      17                   17                67                   86              220

 

 

Single Family Homes Sold In First Quarter Of 2018

 

Month          Beaufort        Mossy Oaks     Port Royal      Burton     Lady’s Island     Total

January              7                        6                      7                20                   18               58

February            5                        2                      7                16                   15               45

March              10                        5                      6                36                   27               84

 

Total                22                       13                   20                72                   60              187

 

First Quarter Summary

 

1/01/18 – 3/31/18                                                                                       1/01/19 – 3/31/19

 Sold = 187                                                                                                           Sold = 220

Average selling price $281,373                                          Average selling price $300,298

Median selling price $249,000                                           Median selling price  $247,750

List volume $52,616,895                                                    List volume           $70,850,914

Sales price volume $51,013,701                                        Sales price volume $68,468,006

List price difference (-3.1%)                                              List price difference (3.4%)