Market Conditions, South Carolina

Market Report - Beaufort South Carolina

Published on September 29, 2016

Closed sales are not the bright spot they once were, but prices indicate that sales declines are not due to a lack of demand in the coastal retirement communities. The need for more Beaufort SC waterfront homes for sale and starter homes continues. Driving around Beaufort and the Sea Islands, one can observe local contractors hearing the call to build cottage homes.

Here’s more good news. For the 12-month period spanning September 2015 through August 2016, pending sales in the Beaufort region were up 9.3 percent overall. The price range with the largest gain in sales was the $300,001 and above range, where they increased 32.4 percent!

The overall median sales price had a lucky gain of 7.7 percent to $182,000. The property type with the largest price gain was the condo market segment, where prices increased 12.7 percent to $117,750. The price range that tended to sell the quickest was the $150,001 to $200,000 range at 74 days; the price range that tended to sell the slowest was the $300,001 and above range in more than double the timeframe.

Market-wide, inventory levels (homes for sale) were down 0.7 percent. The property type that gained the most inventory was the single family segment, where it increased 1.2 percent. That amounts to 5.6 months’ supply for single family homes and 8.1 months’ supply for condos in the coastal retirement communities.

Markets like Fripp Island and Harbor Island are niche South Carolina beach communities with sluggish sales which makes a perfect buying opportunity for you.  Here’s a couple ‘red hot’ listings that may interest you:

FRIPP ISLAND - An exceptional one bedroom Fripp Island villa is in excellent condition and has a wonderful rental history. Ceramic flooring, beautiful decor and well kept make this villa a great value. Walk out the new sliding glass doors and your find yourself overlooking the Fripp Inlet and Atlantic Ocean in one of the best South Carolina beach communities. New renovation to the entire complex to be completed in 2017 to include a new roof, complete exterior painting and resurface all of the decking. Asking price $199,000

FRIPP ISLAND - The lowest priced 3 bedroom Fripp Island home for sale available. Enjoy ocean views from this 3 bedroom villa at beautiful Ocean Point. Overlooking the Pool and and 4 golf holes at Ocean Point. Well maintained and offered very nicely furnished. Nearby elevator for added convenience. Walk to Ocean Point Golf Course and nearby club pool. New Haven is oceanfront and has wonderful oceanfront gazebo and sundecks. Garage parking for 1 vehicles and a garage storage unit for bicycles, beach chairs, golf clubs, etc. are located just a few steps away. Convenient to all island amenities, beaches, and marina. Asking price $239,000

COOSAW POINT - Bright well done home in ''like new'' condition. This 4 bedrooms, 3 baths home shows attention to detail throughout. 10 foot ceilings, 3 piece crown molding, true hardwood floors, gourmet kitchen and many other features set this home apart from Beaufort SC waterfront homes for sale. Located on a large park area with long views. An over sized back screened porch provide an entirely separate living area. Enjoy one level living with this home as it's floor plan includes a downstairs master as well as laundry. Large kitchen with pantry and new stainless steel appliances. Professionally landscaped yard is a showpiece for the neighborhood. Just a short 5 minute walk to the Coosaw Point Clubhouse pool, boat basin and crab shack. Sellers are motivated. Asking price $489,000

ST HELENA SOUND - Breathtaking Ocean, St. Helena Sound & Morgan River views from this stunning 3.37 acre deepwater estate on private Judge Island. The exquisite 4 bedrooms, 3 baths, 3,800 square foot home exudes quality & boasts inviting floor plan luxurious accoutrements including commissioned handmade steel entry door; travertine, marble, Canadian maple & bamboo floors; 50-inch Lennox Estate Series fireplaces in master bedroom and living room; custom cabinetry/millwork throughout; the latest home tech including Lutron Lighting system allowing worldwide temp/lighting control & MUCH more in this stunning Beaufort SC waterfront home for sale. Asking price $1,290,000.

The Lowcountry continues to be a hot retirement spot for many reasons. The scenic beauty and abundant wildlife are undeniable in the coastal retirement communities. People are also drawn to the slower pace of life, mild four season weather and southern hospitality where everyone knows your name. Living by the sea provides endless opportunities to fish, kayak and beach comb. And the cultural scene downtown is happening with colorful art galleries, trendy restaurants and outdoor cafes. 

If you haven’t explore Beaufort yet, the fall season is a “Beaufortable” time to be here!