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 N Little River Rd. Unit W-109 2 2 851 $49,995 $58 141 days
5001 Little River Rd. Unit E314 2 2 1,008 $54,900 $54 50 days
2000 Greens Blvd. Unit 10A 2 2 1,050 $67,250 $64 249 days
801 Burcale Rd. Unit K-4 2 2 1,064 $68,000 $63 1 day
5001 Little River Rd. Unit E-308 2 2 910 $69,000 $75 161 days
6840 Blue Heron Blvd. Unit 308 2 1 816 $69,000 $84 71 days
5001 Little River Rd. Unit W-411 2 2 910 $74,000 $81 32 days
401 Cambridge Circle Unit A-5 2 2 1,000 $76,900 $76 95 days
5001 Little River Rd. Unit E-519 2 2 1,030 $79,000 $76 182 days
5905 S Kings Hwy. Unit 4108- D 2 2 775 $79,000 $101 144 days
5001 Little River Rd. Unit W-502 2 2 1,030 $79,000 $76 55 days
801 Burcale Rd. Unit C-8 2 2 1,064 $79,500 $74 20 days
102 Cambridge Circle Unit K7 2 2 976 $82,900 $84 3 days
500 Fairway Village Dr. Unit 2-B 2 2 1,040 $85,500 $82 203 days
1200 Benna Dr. Unit H 2 1 982 $86,500 $88 12 days
801 Burcale Rd. Unit M2 2 2 1,064 $89,000 $83 38 days
615 37th Ave. N Unit G 2 1 1,008 $89,900 $89 13 days
1301 Pridgen Rd. Unit 1005 2 2 914 $89,900 $98 11 days
5905 S Kings Hwy. Unit 4111-D 2 2 775 $90,000 $116 20 days
1101 2nd Ave. N Unit 307 2 2 1,000 $90,000 $90 12 days
3015 Old Bryan Dr. Unit 10-3 2 2 1,290 $92,999 $72 26 days
1450-A Blue Tree Ct. Unit A 2 2 1,020 $94,500 $92 123 days
4845 Meadowsweet Dr. Unit 1401 3 2 1,600 $95,000 $59 8 days
1450 St. George Ln. Unit C 2 2 980 $96,000 $97 151 days
1850 Colony Dr. Unit 1 B 2 2 947 $96,900 $102 19 days
Average: 3.2 2.5 2,345 $392,447 $168 144 days
Viewing 1 - 25 of 2094
Viewing 1 - 25 of 2094
Properties Under Contract
Address Beds Baths Living ft2 List Price Cost per ft2 DOM
209 Cedar St. Unit A2 2 2 1,200 $64,995 $54 26 days
306 Cedar St. Unit 15 2 1 900 $65,200 $72 259 days
615 37th Ave. N Unit H 2 1 1,008 $66,000 $65 35 days
801 Burcale Rd. Unit D6 2 2 1,064 $69,000 $64 28 days
4409 N Ocean Blvd. Unit 109 2 1 801 $69,900 $87 1065 days
2005 Greens Blvd. Unit E-405 2 2 846 $69,900 $82 154 days
116 Horizon River Dr. Unit E-8 2 2 1,000 $75,000 $75 27 days
5905 South Kings Hwy. Unit 4218-D 2 2 786 $77,500 $98 20 days
5905 South Kings Hwy. Unit 4114 2 2 775 $77,900 $100 95 days
2005 Greens Blvd. Unit A307 2 2 850 $79,000 $92 4 days
1005 5th Ave. S 2 2 1,016 $80,000 $78 40 days
1350 McMaster Dr. Unit E 2 2 818 $80,000 $97 13 days
6016 Dick Pond Rd. Unit 209 2 2 1,205 $82,000 $68 160 days
1460 Blue Tree Ct. Unit O 2 2 1,000 $84,899 $84 575 days
900 Deer Creek Rd. Unit F 2 2 930 $84,900 $91 70 days
6702 Jefferson Pl. Unit F3 2 1 950 $85,500 $90 18 days
6839 -105 Blue Heron Blvd. Unit 105 2 1 810 $86,000 $106 161 days
511 Fairwood Lakes Dr. Unit 922-G 2 1 825 $87,500 $106 74 days
601 38th Ave. N Unit D-7 2 1 1,048 $89,000 $84 13 days
6737 Blue Heron Blvd. Unit 105 2 1 810 $89,500 $110 40 days
1101 Possum Trot Rd. Unit 205A 2 2 1,120 $89,900 $80 24 days
10301 N Kings Hwy. Unit 1-6 2 1 1,025 $89,999 $87 130 days
10301 N Kings Hwy. Unit 21-8 2 1 1,090 $91,500 $83 109 days
4115 Little River Rd. Unit 10-F 2 1 1,000 $92,000 $92 129 days
3672 Claypond Village Dr. Unit 1 2 2 1,100 $92,500 $84 20 days
Average: 3.2 2.4 2,334 $321,496 $140 112 days
Viewing 1 - 25 of 2027
Viewing 1 - 25 of 2027
Sold Properties
Address Beds Baths Living ft2 List Price Sold Price Cost per ft2 DOM Sold Date
Little River Rd. Unit E108 2 2 901 $20,000 $20,000 $22 137 days 11/6/20
2000 Greens Blvd. Unit 40C 2 1 1,030 $58,000 $50,000 $48 168 days 11/5/20
2005 Greens Blvd. Unit F-302 2 2 846 $59,900 $59,900 $70 26 days 11/3/20
615 37th Ave. N Unit C 3 1 928 $64,000 $64,000 $68 32 days 11/3/20
755 Burcale Rd. Unit B-2 2 2 1,064 $79,900 $69,000 $64 56 days 11/6/20
110 Horizon River Dr. Unit I-8 2 2 1,000 $75,000 $69,000 $69 51 days 11/5/20
1301 Pridgen Rd. Unit 1208 2 2 914 $73,000 $70,000 $76 97 days 10/26/20
3015 Old Bryan Dr. Unit 11-3 2 2 1,038 $74,500 $72,500 $69 169 days 11/11/20
404 Cambridge Circle Unit K-5 2 2 1,000 $79,000 $74,900 $74 132 days 11/17/20
6022 Dick Pond Rd. Unit 306 2 2 1,059 $77,000 $75,000 $70 108 days 11/2/20
1301 Pridgen Rd. Unit 403 2 2 1,008 $79,900 $77,000 $76 48 days 10/29/20
3015 Old Bryan Dr. Unit 12-1 2 2 1,068 $89,900 $77,000 $72 42 days 11/12/20
6022 Dick Pond Rd. Unit 106 2 2 1,200 $86,900 $79,000 $65 278 days 11/16/20
510 Fairwood Lakes Dr. Unit 20T 2 2 1,208 $87,900 $80,000 $66 113 days 11/18/20
3689 Claypond Village Ln. Unit 6 2 2 1,050 $81,000 $80,500 $76 38 days 10/29/20
3689 Clay Pond Village Ln. Unit 2 2 2 1,028 $81,900 $81,900 $79 30 days 11/13/20
3015 Old Bryan Dr. Unit 10-7 2 2 1,150 $83,900 $82,000 $71 86 days 11/5/20
1421 Turkey Ridge Rd. Unit 29-C 3 2 1,392 $90,000 $82,000 $58 74 days 11/6/20
500 River Oak Dr. Unit 58-N 2 2 801 $89,900 $85,000 $106 451 days 11/13/20
510 Fairwood Lakes Dr. Unit 18B 2 2 1,206 $89,900 $85,000 $70 112 days 10/28/20
922A Fairwood Lakes Dr. Unit A 2 1 860 $92,500 $85,000 $98 29 days 10/30/20
3015 Old Bryan Dr. Unit 10-2 2 2 1,150 $94,900 $87,500 $76 87 days 11/6/20
1500 Cenith Dr. Unit A-303 2 2 860 $94,900 $88,000 $102 73 days 11/20/20
1960 Bent Grass Dr. Unit J 2 2 996 $89,900 $88,250 $88 167 days 11/19/20
6216 Frontage Rd. Unit B 2 1 1,000 $89,900 $89,000 $89 159 days 11/10/20
Average: 3.1 2.3 2,175 $305,761 $296,803 $138 124 days
Viewing 1 - 25 of 953
Viewing 1 - 25 of 953

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.