Hello Bluffton Friends!
We're bringing you the latest updates on the Bluffton real estate market through May 2019. Grab a seat! Here's what we're covering:
- Inventory levels in Bluffton Increased
- Closed Sales in Bluffton Increased
- Neighborhood Activity Shifts
The Bluffton and Mainland Inventory of Homes for Sale
The inventory of homes for sale in Bluffton rose 3.2% compared to May 2018. This past May, we saw a total of 308 homes in Bluffton enter the market. In May of 2018, 270 Bluffton homes entered the market. The increase in inventory levels is likely due to the amount of new construction and developments of micro-communities in Bluffton and Okatie. Planned communities by national builders like D.R. Horton, Pulte, K Hovanian, and Village Park seem to be popping up all over town.
This makes complete sense since Bluffton is one of the fastest growing towns in South Carolina. We have our own little Field of Dreams here...We're building it, and they're coming! Fast! Take a look at these brand new homes for sale in Bluffton, Hardeeville, and Okatie.
New Listing in Belfair | 276 Belfair Oaks Boulevard MLS#394736
What to expect:
Growth! We will see more offerings of new construction throughout the Lowcountry. But don't expect Bluffton homes to sit on the market for long. They're moving, and they're moving fast! Staying informed is going to be key when you're searching for a Bluffton home for sale. By signing up for saved search notifications on CharterOneRealty.com, you'll be the first to know when the property matching your search criteria hits the market. Want to be more aggressive? Call us at 844.526.0002. If we know exactly what you're searching for, we can find it for you.
Closed Home Sales in Bluffton Increased
Closed home sales in Bluffton were up 4.6 % compared to May 2018. This is a trend that is likely here to stay, especially since the future job growth in Bluffton is predicted to be 38.3% over the next ten years.
We're taking it a step further and breaking down the closed sales by price range in Bluffton. Here's what sold year-to-date through May 31, 2019.
$100,000 and Below - 1 Home Sold
$100,001 to $225,000 - 139 Homes Sold
$225,001 to $375,000 - 414 Homes Sold
$375,001 to $650,000 - 221 Homes Sold
$650,001 and Above - 71 Homes Sold
Bluffton Neighborhood Activity Shifts
The following Bluffton communities are showing year-to-date increases in closed sales compared to last year.
Colleton River Home Sales up 12.5%
Closed sales through May 2018 - 8
Closed sales through May 2019 - 9
Rose Hill Home Sales up 65%
Closed sales through May 2018 - 20
Closed sales through May 2019 - 33
Palmetto Bluff Home Sales up 350%
Closed sales through May 2018 - 6
Closed sales through May 2019 - 27
Under Contract in Less Than a Week in Palmetto Bluff | 412 Mount Pelia Road
Bluffton Off Plantation Home Sales up 3.4%
Closed sales through May 2018 - 494
Closed sales through May 2019 - 511
Hampton Hall Home Sales up 9.1%
Closed sales through May 2018 - 33
Closed sales through May 2019 - 36
Calawassie Island Home Sales up 36.4%
Closed sales through May 2018 - 11
Closed sales through May 2019 - 15