Dataw Island Newsletter 2/2021

Dataw Island Living

701 Bay Street, Beaufort, SC 29902 • 2 Harbor Drive, Harbor Island, SC 29920

Q&A From the desk of Ken Willis, Broker in Charge

Q:

Why list with Berkshire Hathaway HomeServices?

A:

First of all, we have an office at the Dataw Island Sales Center. All of our Dataw agents are either community residents or belong to the Dataw Island Club. Our agents are minutes away from your property at all times.

With the majority of our Dataw Team being homeowners we have the strong local market knowledge and are also well versed in the nuances of covenants, restrictions and the club structure. We are also among the most respected companies worldwide and the largest real estate brokerage nationally. Our namesake, Berkshire Hathaway, was awarded the No. 1 company in Barron’s annual ranking of the world’s 100 most respected companies. The infamous Berkshire Hathaway chairman, Warren Buffett, instills trust, integrity, stability, and longevity in everything his agents do.

Q: How has 2020 changed the real estate climate? What does an inventory shortage mean?

A:

Q:

In 2020 we started to see a migration within the United States and an emphasis on the importance of personal lifestyle, community and home. As more and more people started working remotely, customers migrated to our beautiful Dataw Island. Due to the number of folks moving here, there are a significantly reduced number of properties on the market. In real estate this creates what is known as an inventory shortage. Are you wondering to yourself what an inventory shortage is? It occurs when there are more buyers than sellers. In turn, the asking price on properties increases and the days on market goes down considerably. Dataw Island is in need of new listings because of this, so we ask you to contact our office today to connect with an extraordinary agent.

We have had agents from outside of the area ask to list our home, is that a disadvantage?

A:

Yes, it is important to work with an agent that knows the area they are selling. Our extraordinary agents not only live locally but they are local experts. They all live no more than 10 minutes away from any listing on Dataw Island and can easily be available at any time. Off island agents lack critical market knowledge needed and are not well versed in the nuances of covenants, restrictions, POA dues, ARB dues and club structure. Whereas, our local real estate rockstars are very familiar with all of these details.

DATAW ISLAND HOMES 67 S Boone Road 3 Bed | 3 Bath $445,000 Michelle Bunce (843) 501-6279

1703 Longfield Drive 4 Bed | 4.5 Bath $747,000 Terri Eller (203) 494-3073 Roddy Diotalevi (203) 494-4578

1328 Rowland Drive 3 Bed | 3 Bath $385,000 Lee Gray (843) 252-3006

447 Bb Sams Drive 3 Bed | 2 Bath $269,000 Annette Bryant (843) 986-7343 Jared Romero (229) 347-1828

To view all available Dataw Island homes scan here:

Q4 MARKET REPORT TOTAL HOMES SOLD AVERAGE HOME SALES PRICE

TOTAL CONDOS SOLD AVERAGE CONDO SALES PRICE

A GLIMPSE AT Total Homes Available

18

2021: Total Condos Available

1

2019

2020

61

112

$402,684.92 3 $231,800

$436,927.56 8 $173,687.50

WE NEED INVENTORY!

*Current as of 1/26/21

Seller's Market

0-6 Months' Supply Demand exceeds supply which leads to increased home prices, leading to the seller having the upper hand during negotiations.

Buyer's Market

6 Months' Supply A balanced market with supply and demand.

6+ Months' Supply Supply exceeds demand which leads to decreased home prices, leading to the buyer having the upper hand during negotiations.

Interested in selling your home? Call us at (843)301-0013 To view more listings, use our QR code or visit www.baystreetrealtygroup.com