3 Things You Want to Know About The Beaufort Real Estate Market From May 2019

Posted by Paige Rose on Monday, June 24th, 2019 at 3:17pm

Hello Beaufort Friends!

We're bringing you the latest updates on the Beaufort real estate market through May 2019. Grab a seat! Here's what we're covering:

  • Inventory of homes for sale in Beaufort
  • Median Sales Price Increased in Beaufort 
  • Neighborhood Activity Shifts

Inventory of Homes for Sale in Beaufort Increased

The inventory of homes for sale in Beaufort rose 14% compared to May 2018. This past May, we saw a total of 311 homes in Beaufort enter the market. In May of 2018, 285 Beaufort homes entered the market. Like Bluffton, the increase in inventory levels is likely due to the amount of new construction and developments of micro-communities in Beaufort. Planned communities by national builders like Centex and Mungo Homes are drawing in buyers with their quality construction and upgrade options. Here's a great representation of new construction for sale in Beaufort

Another community that seems to be making a splash is Celadon. This traditional neighborhood development in Beaufort that is receiving a lot of attention. Opportunities to build a custom home or pick up a newly constructed residence are available. Completed homes and customizable building packages are available from the mid $300's. Take a look at these stunning Celadon homes for sale.

What to expect:
More Growth. Lowcountry residents consider Beaufort a hidden gem, but it's clear that the rest of the nation is catching on. Especially after Southern Living Magazine named Beaufort as one of the South's Best Small Towns in 2019. Staying informed is going to be key when you're searching for a home for sale in Beaufort, SC. 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.

 

Median Sales Price Increased in Beaufort

The overall median sales price was up 5.6% compared to May 2018. The current median sales price is $235,000. Inventory for homes in this price range decreased by more than 8% compared to May 2018.

Broken down by price point, here's what sold in Beaufort from January 1, 2019 - May 31, 2019.

Beaufort Homes
$100,000 and Below - 116 Homes Sold
$100,001 to $225,000 - 311 Homes Sold
$225,001 to $375,000 - 298 Homes Sold
$375,001 to $650,000 - 121 Homes Sold
$650,001 and Above - 46 Homes Sold

 

Beaufort Neighborhood (zip code) Activity Shifts

The following Beaufort areas (zip codes) are showing year-to-date increases in closed sales compared to last year.

 

29902 Zip Code Home Sales up 1.3%
Closed sales through May 2018 - 236
Closed sales through May 2019 - 239
29902 encompasses the area east of Highway 21 including Downtown Beaufort.

29906 Zip Code Home Sales up 20.2%
Closed sales through May 2018 - 218
Closed sales through May 2019 - 262
29906 encompasses the area west of Highway 21 including Habersham and Shadow Moss.

29907 Zip Code Home Sales up 27.9%
Closed sales through May 2018 - 229
Closed sales through May 2019 - 293
29907 encompasses Lady's Island.

See Listing

Featured Listing 20 Eve Creek | Habersham | MLS#161764

See Listing

Featured Listing 4891 Tidal Walk | Lady's Island | MLS#161319

 

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