Beaufort SC Homes Sales 2005 - 2008 Not so Good but are We Now Rebounding?
Posted by Todd Covington on Tuesday, February 24th, 2009 at 7:08pm.As you can see below are home sales statistics are like many areas
in the US. We have slowed down a bunch and it was almost to a
standstill at the end of 2008. Because I am new this has not affected
me like it has 
long tern agents. Even so I'm ready to make some money.
While the last couple years have been very tough I see a glimmer of hope. Without question there are more buyers looking for homes in our area. My Beaufort SC real estate website has jumped in number of visitors and every local agent I speak with tells me they are busier. So, have we hit bottom? My guess is no. The month of May shouId give us a good indicatiion but the remainder of the year most likely will be flat. Most indicators point to a recovery in early Spring of 2010.
I wish I could be a little more optimistic but homes are still a touch over priced in this area. Prices are getting closer to market value which is a great sign. I'm personally in the market and the last 2 years of price reduction even has me ready to buy. Let's just hope we continue to have some slight price reductions to get this market back in order.
The funny thing about this market is I believe we will be 6 months past the bottom before we even realize it.
For more on events and happenings in the Beaufort area, check out my blog anytime.
206 Carteret Street
Cell 843-441-9222
Making the Lowcountry of South Carolina home for the past 20 years, Todd Covington specializes in the Beaufort SC real estate market. Providing unsurpassed service and attention to detail, Todd is owner of www.LowcountryProperties.com which represents the finest homes in the area.
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Hi Todd, thanks for the perspective on your market. Looks as is things are still settling out in real estate and finance - hard to believe the stock market dipped as much as it did this week. You are onto something regarding the trend and when we recognize the actual "recovery"... there is always a delay. Same thing for the stock market, just less deadband considering the frequent coverage in the media/Internet.
Posted on Tuesday, March 3rd, 2009 at 6:56 PM.