Although the Belle Hall real estate market continued to feel the effects of the economy, it did fare better than many other Mount Pleasant neighborhoods in 2009.
Belle Hall Home Sales Down Again in 2009
There were 54 homes sold in all phases of Belle Hall last year. This is down slightly from the 58 homes sold in 2008, but significantly off of the 2005 peak when 87 homes sold in the neighborhood. There continued to be pressure on pricing, particularly in the higher price ranges. The average selling price per square foot in 2009 was $177, down from $181 in 2008. This is down 13% from the peak in 2006 when the price per square foot was $203.
Belle Hall Pricing Faring Better than Most Mount Pleasant Neighborhoods
While price per square foot is down 13% from its peak, Belle Hall has fared much better than other Mount Pleasant neighborhoods during this same period:
- Hamlin Plantation – Down 22%
- Charleston National – Down 22%
- I’On – Down 20%
- Dunes West – Down 19%
- Brickyard – Down 19%
- Park West – Down 18%
This speaks volumes about the continued popularity of Belle Hall Plantation with real estate buyers. With a great location close to I-526 and shopping and a large selection of homes in every price range, Belle Hall has an advantage over many Mount Pleasant neighborhoods in terms of the flexibility it offers.
Belle Hall Homes For Sale Continues to Trend Down
The pricing in Belle Hall should feel less pressure in 2010 as the number of Belle Hall homes for sale is now down to 36. This is significantly below the peak of 68 homes for sale in April, 2008. 19 of these homes are located in Hibben (22, including pendings) leaving only 17 homes for sale in all other sections of Belle Hall. This is good news for sellers as we head into the traditional spring busy season.
If you have any questions about this post, please contact us. We will be happy to assist you in any way we can. Also, if you are thinking of selling your Belle Hall home this year, please contact us. Our strong marketing presence and understanding of this market will give you an advantage when selling your home.
