
Belle Hall Plantation in Mt Pleasant has always been a popular neighborhood but the pace of sales in the neighborhood this year is making it Mt Pleasant’s best performing neighborhood, far outperforming the market.
To get the most relevant results, it’s best to split Belle Hall in two. The Island, Hibben & Evian are at a higher price point, so we will look at those separately. Let’s look first at the other subsections within Belle Hall i.e. priced under $500,000.
The numbers are amazing. Belle Hall is outperforming the market by 4 to 1. In 2011 so far, 27 homes have sold or are under contract to sell. There are only 9 homes currently for sale. That means there is little more than 2 months worth of inventory in Belle Hall. Compare that with the rest of Mount Pleasant where there is nearly 8 months of inventory. There is no other neighborhood in the Mt Pleasant, maybe even the Charleston MLS that is as hot as that.

Looking at how quickly houses under $500k are selling in Belle Hall, the numbers are equally positive, 53% of homes listed sold with 14 days, 87% sold within 30 days. Again comparing to the rest of the Mt Pleasant market, the average house takes 90 days to sell. Note : Non-short sale homes.

If you have been thinking of selling your home in Belle Hall, these numbers show the incredible demand on homes in there.
Demand on rentals in Belle Hall has driven the rental prices up, we listed a 1500sqft home in The Veranda this month for rent at $1600. The webpage got 900 hits within 48 hours and the house rented immediately. That house had previously rented for $1350.
Looking at The Island, Hibben and Evian, there numbers are also very positive. 18 homes have sold or are under contract this year with only 15 for sale. That is less than 6 months inventory, that is a 60% lower than the Mt Pleasant average of 16 months inventory at that price point.
We offer free home valuations in Belle Hall Plantation. Our office is conveniently located at the entrance to Belle Hall in the Moultrie Office Park.
For more information or questions on Belle Hall, please contact me at darragh@mycharlestonagent.com