Myrtle Beach Area Market Reports

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Market Activity:

Homes in the Myrtle Beach, SC area are selling at a rapid pace.  Compared to just a few years ago, property values are escalating at a very rapid rate.  What a hot market! Inventory is low, interest rates are still low and buyers are relocating to the area which is driving prices up.  

New Construction:

Builders are developing and building at record paces and in turn buyers are waiting in line.  Demand for new construction is strong which in turn helps with job growth and the economy. 

Outlook:

Although interest rates have been steadily rising, the current economic indicators are indicating that values will steadily rise and inventory will remain low.  The low inventory is particularly difficult for first time home buyers as they try to gain a foot hold in the real estate market.

Mortgage programs:

While we did, at the last economic downturn, see many loan programs go away, we have steadily seen new and old programs come back.  USDA financing offers buyers 100% financing.  We have even seen the lower down payment programs come back.

 

Active Properties
Address Beds Baths Living ft2 List Price Cost per ft2 DOM
5001 Little River Rd. Unit E108 2 2 900 $40,000 $44 88 days
3456 Macklen Rd. Unit Unit E 2 1 1,000 $58,000 $58 23 days
2000 Greens Blvd. Unit 40C 2 1 N/A $58,000 Unknown 9 days
2005 Greens Blvd. Unit A-307 2 2 N/A $58,900 Unknown 10 days
5001 Little River Rd. Unit E-107 2 2 900 $59,900 $66 163 days
242 Stonebrook Dr. 3 2 1,100 $59,900 $54 12 days
2005 Greens Blvd. Unit D301 2 2 850 $61,500 $72 232 days
615 37th Ave. N Unit E 2 1 N/A $62,000 Unknown 35 days
2000 Greens Blvd. Unit 18A 2 2 1,100 $63,900 $58 7 days
2000 Greens Blvd. Unit 10A 2 2 1,050 $64,900 $61 71 days
2000 Greens Blvd. Unit 31A 2 2 1,150 $64,900 $56 59 days
2000 Greens Blvd. Unit 8-B 2 1 N/A $65,900 Unknown 24 days
5001 Little River Rd. Unit W-209 2 2 900 $66,000 $73 122 days
111 Horizon River Dr. Unit 4F 2 2 950 $69,900 $73 84 days
5001 Little River Rd. Unit E-201 2 2 1,000 $75,000 $75 151 days
111 Cambridge Circle Unit F7 2 2 900 $75,000 $83 107 days
3685 Claypond Village Ln. Unit 7 2 2 N/A $76,000 Unknown 45 days
3685 Claypond Village Ln. Unit 8 2 2 1,000 $77,000 $77 72 days
5001 Little River Rd. Unit E-314 2 2 N/A $79,000 Unknown 15 days
1301 Pridgen Rd. Unit 707 2 2 900 $79,900 $88 88 days
6022 Dick Pond Rd. Unit 106 2 2 1,100 $81,300 $73 108 days
3015 Old Bryan Dr. Unit 3-3 2 2 1,000 $84,500 $84 155 days
4115 Little River Rd. Unit 1D 2 1 1,000 $84,900 $84 290 days
1300 Deer Creek Rd. Unit G 2 2 N/A $85,000 Unknown 4 days
5001 Little River Rd. Unit W-502 2 2 1,000 $86,000 $86 142 days
Average: 3.2 2.5 1,977 $369,444 $184 155 days
Viewing 1 - 25 of 3192
Viewing 1 - 25 of 3192
Properties Under Contract
Address Beds Baths Living ft2 List Price Cost per ft2 DOM
31 History Dr. Unit 31 2 2 900 $59,000 $65 67 days
4409 N Ocean Blvd. Unit 109 2 1 850 $69,900 $82 887 days
1202 Erin Way Unit A 2 1 800 $69,900 $87 70 days
306 Cedar St. Unit 15 2 1 900 $72,450 $80 81 days
6850 King Arthur Dr. Unit 101 2 2 950 $73,500 $77 366 days
5905 Souths Kings Highway Unit 4206-D 2 2 750 $73,500 $98 164 days
1500 Cenith Dr. Unit A-401 2 2 900 $75,000 $83 213 days
2005 Greens Blvd. Unit E-102 2 2 850 $75,000 $88 29 days
5905 S Kings Hwy. Unit 6106-D 2 2 800 $78,400 $98 115 days
1609 Fawn Vista Dr. N Unit 5A3 2 1 N/A $79,900 Unknown 114 days
1204 Tiffany Ln. Unit 4-F 2 1 900 $79,900 $88 10 days
6022 Dick Pond Rd. Unit 205 2 2 1,100 $80,000 $72 129 days
3677 Clay Pond Village Ln. Unit 5 2 2 1,000 $81,900 $81 23 days
5905 S Kings Hwy. Unit 6108-D 2 2 800 $82,000 $102 108 days
1203 Pinegrove Dr. Unit B 2 1 N/A $82,900 Unknown 31 days
1012 Possum Trot Rd. Unit A-8 2 2 1,250 $83,000 $66 24 days
1460 Blue Tree Ct. Unit O 2 2 950 $84,899 $89 397 days
3673 Claypond Village Ln. Unit 1 2 2 N/A $84,900 Unknown 88 days
1301 Pridgen Rd. Unit 104 2 2 900 $84,900 $94 43 days
5905 S Ocean Blvd. Unit A-126 2 2 1,000 $84,999 $84 130 days
3015 Old Bryan Dr. Unit 12-1 2 2 1,000 $85,000 $85 122 days
6839 Blue Heron Blvd. Unit 103 2 1 N/A $87,500 Unknown 61 days
1500 Cenith Dr. Unit B-101 2 2 900 $89,900 $99 141 days
405 21st Ave. S Unit Unit 3E 2 1 800 $89,900 $112 135 days
488 River Oaks Dr. Unit 61-C 2 2 850 $89,900 $105 96 days
Average: 3.2 2.4 1,962 $310,571 $157 141 days
Viewing 1 - 25 of 1641
Viewing 1 - 25 of 1641
Sold Properties
Address Beds Baths Living ft2 List Price Sold Price Cost per ft2 DOM Sold Date
19 Century St. Unit 19 2 2 900 $65,000 $57,000 $63 63 days 5/26/20
6314 A Colonial Dr. 2 2 1,200 $58,500 $63,051 $52 67 days 5/8/20
5001 Little River Rd. Unit E-507 2 2 850 $69,000 $65,000 $76 122 days 5/7/20
5001 Little River Rd. Unit W-510/512 2 2 1,200 $69,000 $65,000 $54 84 days 5/7/20
801 Burcale Rd. Unit E-2 2 2 1,150 $85,000 $73,000 $63 45 days 5/20/20
488 River Oaks Dr. Unit 61-E 2 2 850 $81,900 $76,500 $90 229 days 5/14/20
510 White River Dr. Unit 24-I 2 2 950 $79,900 $77,000 $81 136 days 5/28/20
606 River Oaks Dr. Unit 56-G 2 2 1,000 $87,900 $82,000 $82 73 days 5/19/20
504 30th Ave. N Unit 26 2 2 1,150 $94,900 $86,500 $75 198 days 5/22/20
1500 Cenith Dr. Unit F-201 2 2 850 $89,300 $88,000 $103 77 days 5/18/20
1500 Cenith Dr. Unit Unit C-403 2 2 850 $89,900 $88,000 $103 50 days 5/6/20
1101 Possum Trot Rd. Unit 301B 2 2 1,100 $93,875 $90,000 $81 96 days 5/14/20
613 36th Ave. N Unit N 2 1 1,000 $99,900 $90,000 $90 38 days 4/30/20
1817 Crooked Pine Dr. Unit F-2 2 1 1,250 $99,900 $92,000 $73 113 days 5/13/20
204 Double Eagle Dr. Unit A-3 2 2 1,100 $95,000 $94,000 $85 115 days 5/28/20
200 Double Eagle Dr. Unit E-1 2 1 1,000 $99,400 $95,000 $95 139 days 5/27/20
401 77th Ave. N Unit 13 2 1 1,200 $99,900 $98,000 $81 228 days 5/22/20
565 White River Dr. Unit 10-H 2 2 1,050 $109,900 $103,000 $98 65 days 5/1/20
113 Ashley Park Dr. Unit 4D 3 2 1,300 $104,900 $104,900 $80 41 days 5/20/20
5766 Dogwood Circle 2 1 1,000 $109,995 $105,000 $105 139 days 5/22/20
1356 Glenns Bay Rd. Unit 101 B 2 2 N/A $112,500 $106,500 Unknown 56 days 5/18/20
2494 Coastline Ct. Unit 301 2 2 1,000 $112,900 $109,000 $109 86 days 5/21/20
4553-D Girvan Dr. Unit 4553-D 2 2 1,050 $119,900 $110,000 $104 291 days 5/12/20
5905 S Kings Hwy. Unit 238-B 2 2 950 $116,500 $110,000 $115 112 days 5/1/20
2030 Cross Gate Blvd Unit 301 2 2 1,200 $114,900 $110,000 $91 26 days 5/5/20
Average: 3.1 2.3 1,892 $279,918 $271,777 $143 142 days
Viewing 1 - 25 of 548
Viewing 1 - 25 of 548

Provided courtesy of The Coastal Carolinas Association of REALTORS®. Information Deemed Reliable but Not Guaranteed. Copyright 2020 of the Coastal Carolinas Association of REALTORS® MLS. All rights reserved. Information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.