How is the Housing Market in Bluffton, SC?

How is the Housing Market in Bluffton, SC?

  • Anthony Mascolo
  • 11/8/22
Bluffton, South Carolina, is a charming coastal village in Beaufort County. With beautiful surroundings and extensive waterfront space, Bluffton is an attractive haven for real estate investors seeking both value and luxury. Nevertheless, the volatility and uncertainty of the economy has begun to weigh on the minds of both buyers and sellers preparing to make their next move. Many investors and homeowners are eager to better understand the current Bluffton housing market. Here are observations and data points that provide insight into the Bluffton real estate market.

The economic backdrop

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The U.S. housing market has been supercharged the past two years. Many U.S. cities have experienced soaring real estate prices along with tightening inventories. With economic uncertainty in the air, many home seekers, homeowners, and real estate investors are anxious to better understand the market direction.

Experienced realtors have seen many ups and downs in the markets over time. Fortunately, the real estate market has a long track record, and it is almost universally agreed that real estate is a sound long-term investment. Look at the CoreLogic Case-Shiller Home Price Index for a good window into the real estate market’s price growth over time. While a long-term view shows more ups and downs, the general upward movement of the market remains intact over time. Although general economic figures such as inflation and GDP can leave current market participants with a great degree of uncertainty, real estate investors should focus on the big picture. Real estate is a resilient market that has always bounced back.

If you are looking to purchase a home in Bluffton, do not be discouraged by the recent upward price movement and inventory decline that has generally plagued the U.S. market in recent years. There are signs that the market is rebalancing. As this page from the Forbes Advisor shows, mortgage rates have been gradually rising since late 2021. While this may at first appear disadvantageous for buyers, rising mortgage rates may be necessary to cool the market sufficiently so that the next wave of real estate investors can enter. It is also important to know that 2022 mortgage rates are historically low, as shown in this long-term 30-year fixed rate mortgage chart from the St. Louis Federal Reserve. Rising mortgage rates could keep price levels from rising so rapidly, yet rates are not so high as to be prohibitive to most buyers.

The local and regional market

By examining a few pertinent data points, we can get a better sense of where the Bluffton market sits. Bluffton real estate has been no exception to the generally hot and competitive nature of real estate in recent years. According to data from the St. Louis Federal Reserve, housing inventory in the metropolitan area that includes Bluffton saw a rapid decline beginning in 2020, following several years of relative stability. While 2022 has seen a modest rebound, inventory levels are still below normal. This and other data points imply a seller’s market in Bluffton. As such, it may be a reasonably good time to list your Bluffton real estate for sale if you are a local homeowner.

Not all data points suggest extreme market conditions in Bluffton. Looking at the National Association of Realtors’ (NAR) Housing Shortage Tracker map, you can quickly see the housing supply in the U.S. Unfortunately, data for Bluffton specifically is not included, but the map shows that the entire surrounding area in South Carolina — as well as North Carolina and Georgia — have a “sufficient supply.” This particular metric is not a gauge of housing inventory directly; rather, it is based on a comparison of the ratio between job creation and new housing permits within a given area. The conclusion of a sufficient supply rests on the underlying presumption that new construction should keep pace with job growth to maintain a stable market. Of course, only a portion of the homes on the market are new construction, so this is only one small window into the state of the market. Nevertheless, this suggests that, hot though it may be, Bluffton is not the currently hottest market.

Derived from NAR data, this chart of “market hotness” shows the local market cooling slightly in 2022 after two years of increasing hotness. Note that a lower score indicates a hotter market relative to other areas. The word “hot” in this case is a real-estate market term that describes the intensity of demand for homes relative to supply. Make no mistake, the market is still considered hot relative to historical norms because there are still buyers eager to find homes in the Bluffton area. However, it appears that prospective homebuyers in Bluffton are finding some relief based on the current trend’s direction.

The bottom line

Like other markets, the real estate market is always subject to change. In Bluffton and across the U.S., the market is constantly in flux. The available data indicates that the Bluffton market is competitive but still offers reasonable opportunities to buyers and sellers alike. Surprises are always possible because no one can foretell the market’s direction with absolute accuracy. While the information above provides a general reference for the market, it is worth taking all market information with a grain of salt due to the complexity of the economy in general and the housing market specifically. Technical analysis of the market should inform your decisions, not make them for you. If you’re interested in purchasing or selling a home in the Bluffton area, your personal goals and incentives should take precedence over any market data.

Most important in the process of purchasing real estate is seeking help from a qualified local realtor who knows the area well. Anthony & Co. is a top-notch real estate firm serving the Bluffton area. Anthony and his expert team can give you firsthand and real-time insights into the Bluffton housing market, and they will professionally handle your real estate transaction. Interested buyers can view the team’s portfolio or use their home search tool to learn more. Contact Anthony & Co. when you are ready to take a confident step forward in the Bluffton, South Carolina, real estate market.

*Header photo courtesy of Shutterstock

Anthony Mascolo

Anthony Mascolo


About the Author

“Client Focused. Results Driven. Luxury Experience.”
Originally from New York City, during his education at Clemson University, Anthony developed an intense passion for the state of South Carolina, knowing one day he’d return to the state and call it home. That time came after completing a 13-year career on Wall Street, where he engaged in negotiating options and futures contracts for major financial institutions as an Energy Broker. During his time on Wall Street, Anthony sharpened his impeccable negotiation skills, ensuring seamless execution, ease of transaction, and most importantly a price that most suited his client’s needs.
Even in New York City Mr. Mascolo always had Carolina on his mind and started investing in rental properties in South Carolina in the early 2000s. He brought the same focus and passion to his real estate investments that he brought to his career and developed a deep well-rounded understanding of the real estate markets in South Carolina for over a decade. His passion for real estate continued to grow and the time was right after having 2 sons, Anthony and Luca with his high school sweetheart Lauren, to move from the city to South Carolina. Upon relocating his family to the Lowcountry of South Carolina, Mr. Mascolo became a Realtor® at Keller Williams of the Lowcountry, where he could pursue a career in a field that his passion for real estate and client service, his meticulous attention to detail, and his proven expertise in negotiation would shine. It is his goal to ensure his clients attain the home of their dreams in the Lowcountry of South Carolina.
Anthony has created a bespoke real estate experience for each of his clients. He works tirelessly to ensure your satisfaction. When working with Anthony, you can expect a trustworthy, energetic, and knowledgeable professional. He will be an unwavering advocate that will negotiate with your best interests in mind. He strives to make the home buying and selling process a stress-free and pleasant one for you. You will be treated like the king/queen of your castle! Trust is the foundation upon which his business model runs; your voice will be heard. All your questions and concerns will be addressed by Anthony to ensure you are both comfortable and educated throughout the entire process. In any relationship, communication is key; you can expect extraordinary communication throughout your experience.
Mr. Mascolo welcomes you to your very own customized luxury real estate experience.

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Anthony Mascolo has created a custom real estate experience for each of their clients. They work tirelessly to ensure your satisfaction. When working with them, you can expect a trustworthy, energetic, and knowledgeable professional.

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