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
908 White St. 3 1 1,000 $39,900 $39 102 days
2005 Greens Blvd Unit F-105 2 2 850 $52,900 $62 146 days
2005 Greens Blvd. Unit F-106 2 2 850 $52,900 $62 146 days
2000 Greens Blvd Unit 7D 2 1 1,050 $56,900 $54 132 days
2000 Greens Blvd. Unit 39-C 2 1 1,050 $56,900 $54 131 days
2000 Greens Blvd. Unit 8-D 2 1 1,050 $56,900 $54 12 days
2000 Greens Blvd. Unit 31A 2 2 1,150 $59,900 $52 78 days
950 Forestbrook Rd. Unit E-3 2 1 850 $62,999 $74 165 days
182 Offshore Dr. 2 1 1,000 $64,900 $64 67 days
1202 Erin Way Unit G 2 1 950 $65,000 $68 174 days
2000 Greens Blvd. Unit 5-C 3 2 1,300 $65,000 $50 54 days
615 37th Ave. N Unit F 2 1 950 $69,000 $72 176 days
755 Burcale Rd Unit B-6 2 2 1,100 $69,000 $62 125 days
2000 Greens Blvd. Unit 1C 3 2 1,250 $69,800 $55 46 days
2000 Greens Blvd Unit 38-D 3 2 1,200 $69,900 $58 131 days
2005 Greens Blvd. Unit E401 2 2 850 $69,900 $82 53 days
1202 Tiffany Ln. Unit H 2 1 850 $69,900 $82 7 days
3689 Claypond Village Ln. Unit 3 2 2 1,000 $69,999 $69 320 days
1500 Cenith Dr. Unit F203 2 2 900 $72,000 $80 49 days
508 63rd Ave. N Unit 5 2 2 750 $73,000 $97 109 days
5001 Little River Rd. Unit W-102 2 2 1,000 $74,000 $74 231 days
5001 Little River Rd. Unit W-514 2 2 1,050 $74,000 $70 85 days
2000 Greens Blvd. Unit 12-A 2 1 1,000 $74,500 $74 50 days
5905 S Kings Hwy. Unit 4216-D 2 2 800 $74,900 $93 573 days
755 Burcale Rd. Unit M-6 2 2 1,000 $74,900 $74 308 days
Average: 3.3 2.5 1,959 $354,313 $174 156 days
Viewing 1 - 25 of 3300
Viewing 1 - 25 of 3300
Properties Under Contract
Address Beds Baths Living ft2 List Price Cost per ft2 DOM
5065 Watergate Dr. 3 1 1,300 $50,000 $38 145 days
2000 Greens Blvd. Unit 11 A 2 1 1,050 $52,900 $50 36 days
2005 Greens Blvd. Unit E-201 2 2 850 $52,900 $62 27 days
755 Burcale Rd. Unit I-8 2 2 1,100 $59,800 $54 84 days
5771 Rosewood Dr. 4 3 1,800 $59,999 $33 40 days
5924 Rosewood Dr. 3 2 1,500 $60,000 $40 42 days
5765 Rosewood Dr. 3 2 1,800 $65,000 $36 36 days
2000 Greens Blvd. Unit 5A 3 2 1,200 $67,500 $56 131 days
615 37th Ave. N Unit E 2 1 950 $69,000 $72 176 days
615 37th Ave. N Unit B 2 1 950 $69,000 $72 176 days
2005 Greens Blvd. Unit B401 2 2 850 $69,500 $81 53 days
4409 N Ocean Blvd. Unit 109 2 1 850 $69,900 $82 358 days
1500 Cenith Dr. Unit E-203 2 2 900 $69,900 $77 195 days
206 Double Eagle Dr. Unit B-1 2 1 1,050 $70,999 $67 127 days
6703 Jefferson Pl. Unit D-3 2 1 1,050 $73,900 $70 64 days
6721 Blue Heron Blvd. Unit 103 2 1 850 $74,000 $87 60 days
1208 C Pinegrove Dr. Unit c 2 1 1,000 $74,900 $74 18 days
498 River Oaks Dr. Unit 59-J 2 2 950 $75,000 $78 69 days
1500 Cenith Dr. Unit C-102 2 2 850 $76,000 $89 172 days
745 Tall Oaks Ct. 3 3 1,400 $79,000 $56 466 days
10301 N Kings Hwy. Unit 12-3 3 2 1,300 $79,000 $60 36 days
1033 Starcreek Circle 3 2 1,500 $80,000 $53 21 days
1356 Glenns Bay Rd. Unit 204H 2 2 950 $81,500 $85 133 days
650 River Oaks Dr. Unit 46A 2 2 950 $85,000 $89 88 days
1505 Saint George Ln. 2 2 1,200 $85,900 $71 29 days
Average: 3.1 2.3 1,908 $292,395 $151 156 days
Viewing 1 - 25 of 1156
Viewing 1 - 25 of 1156
Sold Properties
Address Beds Baths Living ft2 List Price Sold Price Cost per ft2 DOM Sold Date
3009 Davidson Trail 3 2 1,800 $30,000 $30,000 $16 181 days 11/19/18
601 38th Ave. N Unit C 7 2 1 900 $59,000 $48,000 $53 56 days 11/29/18
2005 Greens Blvd. Unit C404 2 2 850 $59,900 $56,000 $65 25 days 11/19/18
1301 Pridgen Rd. Unit 404 2 2 1,000 $68,000 $64,000 $64 111 days 11/27/18
10301 N Kings Hwy. Unit 10-6 2 1 1,050 $74,900 $66,000 $62 203 days 12/7/18
1100 Possum Trot Rd. Unit E 235 2 2 850 $70,000 $67,500 $79 223 days 12/7/18
6710 Bryant St. Unit C 2 1 1,000 $72,000 $68,000 $68 99 days 11/28/18
1708 Fawn Vista Dr. N Unit F-3 2 1 1,050 $73,900 $68,000 $64 48 days 11/21/18
801 Burcale Rd. Unit M-4 2 2 1,150 $72,000 $71,000 $61 43 days 12/4/18
1509 Saint George Ln. 2 2 1,100 $89,500 $75,000 $68 32 days 11/19/18
498 River Oaks Dr. Unit 59 H 2 2 850 $79,900 $76,500 $90 256 days 11/30/18
1208 Benna Dr. Unit 5G 2 1 950 $84,500 $79,000 $83 67 days 12/7/18
3015 Old Bryan Dr. Unit 7-3 2 2 1,000 $87,000 $79,500 $79 315 days 12/4/18
4115 Little River Rd. Unit c 2 1 1,000 $85,000 $79,500 $79 46 days 12/10/18
209 Double Eagle Dr. Unit E - 2 2 2 1,100 $84,900 $80,000 $72 57 days 12/3/18
3008 Church St. Unit D4 2 1 1,100 $80,000 $80,000 $72 37 days 11/19/18
5905 S Kings Hwy. Unit 229-A 2 2 950 $80,000 $80,000 $84 33 days 12/14/18
203 Double Eagle Dr. Unit 203 H 1 2 1 1,000 $82,990 $82,990 $82 43 days 12/7/18
165 Westhaven Dr. Unit 16B 3 2 1,250 $85,500 $83,000 $66 32 days 11/20/18
857 Tall Oaks Ct. Unit D 2 2 950 $87,000 $84,000 $88 91 days 12/11/18
646 River Oaks Dr. Unit 47-G 2 2 1,000 $92,900 $85,000 $85 55 days 12/11/18
561 White River Dr. Unit 11-I 2 2 950 $89,900 $85,000 $89 46 days 11/30/18
8735 Chandler Dr. Unit Apt E 3 2 1,200 $89,900 $85,000 $70 22 days 11/20/18
4414 Bradford Circle 3 2 1,300 $114,975 $85,000 $65 21 days 11/29/18
504 30th Ave. N Unit 21 2 2 1,150 $87,499 $87,000 $75 102 days 11/30/18
Average: 3.0 2.2 1,762 $262,154 $253,675 $140 137 days
Viewing 1 - 25 of 566
Viewing 1 - 25 of 566

Provided courtesy of The Coastal Carolinas Association of REALTORS®. Information Deemed Reliable but Not Guaranteed. Copyright 2018 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.