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Inventory Decreases in Belle Hall Plantation

Posted By: Alan Donald In: Mt Pleasant Real Estate Market
Date: Sat, Jan 30th 2010 11:33 am

Inventory Decreases in Belle Hall Plantation

My Belle Hall

Good news for Belle Hall homeowners: Inventory of single family, detached homes (SFD) has been steadily decreasing since reaching 69 active listings on the market in July 0f 2007 (and again in April of 2008).

As of January 30, 2010, we have 38 homes in "Active" status on the MLS, and 5 more appear under contract. Sales have been averaging between 4 and 5 a month in the last 12 months.

Although we are still in a "buyers' market" and sales and inventory are seasonal (lower sales AND inventory levels during the Winter months are the "norm"), the trend is favorable to returning to a "balanced" real estate market (defined as a market with 6 months' inventory).

The following chart illustrates the current inventory (and its trend) vs. monthly sales for the past three years.

Belle Hall StatsIf sales continue at least at the same monthly level than last year, is very plausible that Belle Hall may become one of the first neighborhoods in the Charleston Area to turn around and start experiencing appreciation in home values in the near future (i.e. this year!).

More information on Belle Hall Plantation at MyBelleHall.com