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About Beaufort's Royal Pines

Weekly Market Update Royal Pines on Ladys Island near Beaufort South Carolina

Chris and Maria Skrip~843-252-4218~Military Relocation: Real Estate Brokerage in Beaufort, SC

Currently there are 34 active listings for single family homes in Royal Pines neighborhood on Lady's Island near Beaufort South Carolina. The lowest priced home is $210,000 and the highest priced home is $415,000. This makes the median home price $286,500 and the median days on the market 132 days.

In 2008, there have been 20 single family home sales in Royal Pines. The lowest priced home sold for $202,000 and the highest priced home sold for $322,000. This makes the median sales price $258.500 and the median days on the market 150 days.

These numbers have been edited to remove Westminster Place, Telfair, James F. Byrnes Estates, Eagle Trace, and First Colony. These numbers reflect Royal Pines single family homes.

If you have a home to sell in Royal Pines or are interested in purchasing in Royal Pines, give Chris Skrip, Broker-in-Charge at RE/MAX Sea Island Realty a call at 843-252-4218 or visit him on the web at www.ChrisSkrip.com. Always hire a full time, professional Realtor/Broker for all of your real estate needs.

Article contributed by: Chris Skrip, Broker-in-Charge, RE/MAX Sea Island Realty, Beaufort SC.

Royal Pines Blvd entrance.

Pool at the Club House in Royal Pines.

Weekly Market Update, Royal Pines on Ladys Island near Beaufort SC

Chris and Maria Skrip~843-252-4218~Military Relocation: Real Estate Brokerage in Beaufort, SC
LIST PRICE:
SOLD PRICE:
DOM:
HIGH LOW AVERAGE MEDIAN TOTAL PRICE LISTING COUNT
$415,000 $197,000 $283,891 $280,000 $10,504,000 37
$0 $0 $0 $0 $0
680 22 172 143

Leaving all listings that are tied to Royal Pines in Beaufort MLS - Active Listings.

LIST PRICE:
SOLD PRICE:
DOM:
HIGH LOW AVERAGE MEDIAN TOTAL PRICE LISTING COUNT
$415,000 $210,000 $290,505 $286,500 $9,877,200 34
$0 $0 $0 $0 $0
680 22 171 125

Removing the listings that are not truely Royal Pines - Notice how this changes the median price and days on the market. With an experienced Realtor, you will receive more accurate comparables based on being in Royal Pines proper or Eagle Trace, Westminster, or in the case of one of the homes that I removed; Telfair. Make sure you hire an experienced Realtor to list your Royal Pines home to get the best representation possible.

LIST PRICE:
SOLD PRICE:
DOM:
HIGH LOW AVERAGE MEDIAN TOTAL PRICE LISTING COUNT
$375,000 $184,000 $258,532 $254,900 $6,463,300 25
$322,000 $184,000 $246,860 $250,000 $6,171,500
470 55 191 150

Leaving all listings that are tied to Royal Pines in Beaufort MLS - Sold statistics from 1/1/08-9/4/2008.

LIST PRICE:
SOLD PRICE:
DOM:
HIGH LOW AVERAGE MEDIAN TOTAL PRICE LISTING COUNT
$375,000 $199,000 $268,775 $266,000 $5,375,500 20
$322,000 $202,000 $255,250 $258,500 $5,105,000
470 60 200 150

Removing the solds that are not truely Royal Pines - Notice how this changes the median price, but it just happen to not change days on the market in this particular case. This shows the sellers of Royal Pines homes that pulling the correct comparables can make a difference in the listing price (by over $8000 with these statistics - $250,000 vs. $258,500).

When you are ready to list your Royal Pines home, give Chris Skrip, Broker-in-Charge at RE/MAX Sea Island Realty a call. He is completely familiar with Royal Pines and the surrounding Ladys Island neighborhoods. Chris is a full time, full service Realtor/Broker serving Beaufort County from Hilton Head to Fripp Island. You can reach Chris by calling 843-252-4218 or visit him on his website at www.ChrisSkrip.com.

Weekly Market Report, Royal Pines Ladys Island near Beaufort SC

Chris and Maria Skrip~843-252-4218~Military Relocation: Real Estate Brokerage in Beaufort, SC

Active Listings:

LIST PRICE:
SOLD PRICE:
Days On Market:
HIGH LOW AVERAGE MEDIAN TOTAL PRICE LISTING COUNT
$399,000 $210,000 $290,462 $284,000 $10,166,200 35
$0 $0 $0 $0 $0
673 20 184 149

As of 8/28/08, there are 35 homes listed in Royal Pines neighborhood. I removed the rental homes and 3 homes for sale (1 home with an even house # on Marsh Drive and 2 on Eagle Trace Court) because they are not actually in Royal Pines, but are in attached neighborhoods. This will continue to become more difficult because now, St. James Place at the front of Point Road will be starting construction soon; however, looking at the pricing for St. James, it will be in line with Royal Pines and should not hurt our comparables. St. James appears to be similarly priced to Westminster, which was a nice addition to Royal Pines in the past years.

Solds Since 1/1/2008-present:

LIST PRICE:
SOLD PRICE:
Days On Market:
HIGH LOW AVERAGE MEDIAN TOTAL PRICE LISTING COUNT
$375,000 $199,000 $264,534 $257,000 $6,084,300 23
$322,000 $202,000 $251,782 $252,000 $5,791,000
470 60 199 179

As of 8/28/08, there have been 23 sales in Royal Pines neighborhood. I removed the 2 lowest single family home sales because one was in Eagle Trace and the other was on Francis Marion/First Colony. Also, I removed one rental home that rented earlier in the year.

If you are looking to list or sell your home in Royal Pines, give Chris Skrip at RE/MAX Sea Island Realtya call. He owns a home in Royal Pines and is familiar with Royal Pines and the attached neighborhoods, such as First Colony, Eagle Trace, Westminster, and Telfair. Make sure you hire a full-time professional real estate Broker to list your Royal Pines home. Royal Pines can be a tricky neighborhood and the attached neighborhoods are not always comparable to Royal Pines proper.

Statistics pulled from Beaufort MLS 8/28/08 12:15 p.m. EST Article contributed by Chris Skrip at RE/MAX Sea Island Realty in Beaufort South Carolina.

Weekly Performance for Royal Pines on Lady's Island near Beaufort SC

Chris and Maria Skrip~843-252-4218~Military Relocation: Real Estate Brokerage in Beaufort, SC

Currently, there are 34 homes available in Royal Pines. Again, this week I removed the rentals and homes that are not actually located in Royal Pines neighborhood (incorrectly classified on MLS). The lowest priced home in Royal Pines is $225,000 and the highest price home is $399,000. This makes the average price $296,197 and the median price $292,000. The average days on the market is 159 and the median days on the market is 109. The highest days on the market is a little scary at 664 days!

I went through the solds and removed anything that is not located in Royal Pines and there have been 17 homes sold in Royal Pines this year. The highest price is $322,000 and the lowest price is $202,000. This makes the average sold price $251,970 and the median $257,000. The price per square foot on these 17 sold homes runs from $108.33 to the high of $166.45.

Be aware there are always different ways to work numbers and Royal Pines neighborhood can be tricky because of all of the other neighborhoods that connect to it. Make sure you hire a professional and full time Realtor when it comes time to list your home. Visit our RE/MAX Sea Island Realty professional agents by selecting www.BeaufortSeaIslandRealEstate.com - your Royal Pines experts!

Article contributed by Chris Skrip, Broker-in-Charge at RE/MAX Sea Island Realty. MLS Statistics pulled 8/19/08 at 7:00 p.m.

Beaufort South Carolina Quick Facts!!!!

Cherimie Crane, www.Marine1Realty.com : Real Estate Agent in Beaufort, SC

BEAUFORT QUICK FACTS

Top Employers (in alpha order)

Beaufort County School District

Beaufort Memorial Hospital

Callaswassie Island Co. LP

Columbia Sussex Corp.

Beaufort County

Cypress Club, Inc.

Department of Defense

Hargray Communications Group, Inc.

Lowes Home Centers, Inc.

Marine Corps Community Services

Marriott Resorts Hospitality Corp.

National Health Corp.

OS Restaurant Services, Inc.

Publix Supermarkets

Sea Pines Resort, LLC

Starwood Hotels and Resorts

Technical College of the Lowcountry

Tenet Health System, Hilton Head, Inc.

The Greenery, Inc.

Wal-Mart Associates, Inc.

Median Household Income

Beaufort County $50,522

South Carolina $41,100

Per Capita Income

Beaufort County $32,987

South Carolina $21,875

(source: U.S. Census, 2006 estimates)

Population

Beaufort County (including munis)

142,045

City of Beaufort

12209

Town of Bluffton

3,505

Town of Hilton Head

33,838

Town of Port Royal

9.848

Yemassee (Beaufort County portion)

167

Beaufort County, unincorporated

82,658

Notable population facts

•· Males outnumber females 50.3% to 49.7%.

•· The largest age group is 25-44 years.

•· The white population is the majority with 66.7%.

•· The Hispanic population in this area has increased 55.1% from 2000 to 2006.

•· The population is expected to increase by 73,630 from 2010 to 2030.

(source: U.S. Census, 2006 estimates)

2006 Military Installations Economic Impact

Officer and enlisted personnel

Civilian personnel

Payroll

(total)

Additional interesting economic impacts

Marine Corps Air Station - Beaufort

4,000

900

$215 m

$33 million in procurement, construction & utilities

Marine Corps Recruit Depot - Parris Island

2,000

600

$64 m

Annually, 20,000 graduates have, on average, 4 people visiting for graduation.

Naval Hospital Beaufort

512

230

$55 m

Contracts with Beaufort Memorial for services not provided

Source: MCAS - Beaufort, MCRD - Beaufort, Naval Hospital - Beaufort

I hope this information is helpful. If I can assist you with your move to Beaufort South Carolina...Just let me know!