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
2005 Greens Blvd. Unit F-403 2 1 850 $53,900 $63 10 days
2000 Greens Blvd. Unit 7D 2 1 1,050 $56,900 $54 197 days
2000 Greens Blvd. Unit 8-D 2 1 1,050 $56,900 $54 77 days
2000 Greens Blvd. Unit 31A 2 2 1,150 $59,900 $52 143 days
2000 Greens Blvd. Unit 39-C 2 1 1,050 $59,900 $57 49 days
2000 Greens Blvd. Unit 5-C 3 2 1,300 $65,000 $50 119 days
6840 Blue Heron Blvd. Unit 308 2 1 800 $68,000 $85 36 days
755 Burcale Rd. Unit B-6 2 2 1,100 $69,000 $62 190 days
5001 Little River Rd. Unit E-108 2 2 900 $69,000 $76 95 days
2000 Greens Blvd. Unit 38-D 3 2 1,200 $69,900 $58 196 days
4115 Little River Rd. Unit 6B 2 1 1,000 $69,900 $69 28 days
950 Forestbrook Rd. Unit D6 2 1 850 $70,000 $82 31 days
1500 Cenith Dr. Unit F203 2 2 900 $72,000 $80 114 days
2000 Greens Blvd. Unit 13A 3 2 1,250 $72,500 $58 84 days
801 Burcale Rd. Unit K2 2 2 1,150 $72,900 $63 59 days
755 Burcale Rd. Unit M-6 2 2 1,000 $73,900 $73 373 days
5001 Little River Rd. Unit W-102 2 2 1,000 $74,000 $74 296 days
5001 Little River Rd. Unit W-514 2 2 1,050 $74,000 $70 150 days
2000 Greens Blvd. Unit 12-A 2 1 1,000 $74,500 $74 115 days
5905 S Kings Hwy. Unit 4216-D 2 2 800 $74,900 $93 638 days
5001 Little River Rd. Unit E-508 2 2 900 $74,900 $83 94 days
202 Double Eagle Dr. Unit F-1 2 1 850 $75,900 $89 140 days
5905 S Kings Hwy. Unit 6315-D 2 2 800 $75,900 $94 44 days
1207 Erin Way Unit B 2 2 900 $77,900 $86 7 days
745 Tall Oaks Ct. 3 3 1,400 $79,000 $56 531 days
Average: 3.2 2.5 1,953 $360,075 $176 149 days
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Viewing 1 - 25 of 3460
Properties Under Contract
Address Beds Baths Living ft2 List Price Cost per ft2 DOM
56 Plantation Rd. 3 2 1,700 $45,000 $26 20 days
2005 Greens Blvd. Unit C-107 2 2 850 $54,000 $63 35 days
2000 Greens Blvd. Unit 18B 2 2 1,000 $58,900 $58 16 days
5759 Rosewood Dr. 3 2 1,300 $59,000 $45 28 days
6314 Wedgewood St. Unit C 2 1 1,000 $60,000 $60 38 days
4723 White Pine Dr. 3 2 1,100 $61,900 $56 41 days
1204 Benna Dr. Unit G 2 1 1,000 $64,900 $64 40 days
5765 Rosewood Dr. 3 2 1,800 $65,000 $36 101 days
1101 N 2nd Ave. N Unit 2003 2 2 900 $65,000 $72 42 days
2000 Greens Blvd. Unit 1C 3 2 1,250 $67,400 $53 111 days
2000 Greens Blvd. Unit 5A 3 2 1,200 $67,500 $56 196 days
5001 Little River Rd. Unit E-208 2 2 900 $67,500 $75 20 days
5777 Rosewood Dr. 3 2 1,700 $68,500 $40 25 days
4409 N Ocean Blvd. Unit 109 2 1 850 $69,900 $82 423 days
1202 Tiffany Ln. Unit H 2 1 900 $69,900 $77 20 days
508 63rd Ave. N Unit 5 2 2 750 $69,990 $93 174 days
5001 Little River Rd. Unit W-319 2 2 1,500 $74,000 $49 69 days
3015 Old Bryan Dr. Unit 11-5 2 2 1,100 $74,900 $68 32 days
1407 Hemingway St. 3 1 1,000 $75,000 $75 127 days
504 30th Ave. N Unit Unit 3 2 2 1,150 $75,000 $65 38 days
6731 Blue Heron Blvd. Unit 102 2 1 850 $76,900 $90 79 days
1202 Benna Dr. Unit A 2 1 850 $78,900 $92 80 days
510 Fairwood Lakes Ln. Unit 14-P 2 2 950 $78,900 $80 64 days
3015 Old Bryan Dr. Unit 6-6 2 2 1,050 $79,000 $75 136 days
1200 5th Ave. N Unit 202 2 2 1,100 $79,900 $72 31 days
Average: 3.1 2.3 1,880 $284,059 $150 148 days
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Viewing 1 - 25 of 1417
Sold Properties
Address Beds Baths Living ft2 List Price Sold Price Cost per ft2 DOM Sold Date
908 White St. 3 1 1,000 $34,900 $34,500 $34 154 days 2/8/19
2005 Greens Blvd. Unit F-106 2 2 850 $52,900 $49,900 $58 198 days 2/8/19
2005 Greens Blvd. Unit C-105 2 2 850 $59,900 $53,500 $62 33 days 2/13/19
4753 White Pine Dr. 3 2 1,400 $59,900 $55,000 $39 52 days 2/8/19
6730 Blue Heron Blvd. Unit 103 2 1 850 $59,900 $58,000 $68 43 days 2/8/19
1202 Erin Way Unit G 2 1 950 $65,000 $60,000 $63 218 days 1/31/19
615 37th Ave. N Unit E 2 1 950 $69,000 $62,000 $65 228 days 2/8/19
1050 Starcreek Circle 3 2 1,400 $74,900 $62,000 $44 30 days 2/6/19
6703 Jefferson Pl. Unit D-3 2 1 1,050 $73,900 $64,500 $61 119 days 2/11/19
2005 Greens Blvd. Unit E401 2 2 850 $69,700 $65,000 $76 102 days 2/5/19
2601 Ye Olde Kings Hwy. 3 1 1,000 $80,000 $65,000 $65 16 days 1/25/19
3689 Claypond Village Ln. Unit 3 2 2 1,000 $69,999 $67,500 $67 375 days 2/11/19
1205 King St. 3 1 1,600 $92,900 $70,000 $43 190 days 2/8/19
801 Burcale Rd. Unit D-6 2 2 1,000 $71,900 $70,500 $70 57 days 2/13/19
3015 Old Bryan Dr. Unit 10-6 2 2 900 $77,000 $72,000 $80 55 days 1/22/19
1200 Benna Dr. Unit D 2 2 950 $74,900 $74,000 $77 56 days 2/14/19
6010 Dick Pond Rd. Unit 214 2 2 1,100 $79,900 $75,500 $68 140 days 2/14/19
1208 C Pinegrove Dr. Unit c 2 1 1,000 $74,900 $76,000 $76 63 days 2/1/19
510 Fairwood Lakes Ln. Unit 14-P 2 2 950 $78,900 $76,500 $80 64 days 2/15/19
3697 Claypond Village Ln. Unit 3 2 2 950 $84,900 $79,000 $83 233 days 2/14/19
1203 Erin Way Unit G 2 1 950 $77,000 $79,000 $83 39 days 2/15/19
1206 Erin Way Unit H 2 1 1,000 $84,900 $82,500 $82 183 days 2/15/19
3015 Old Bryan Dr. Unit 13-4 2 2 1,100 $82,425 $82,500 $75 51 days 2/7/19
6703 Jefferson Jefferson Pl. Unit G-3 2 1 1,050 $84,000 $83,000 $79 87 days 2/1/19
6702 Jefferson Pl. Unit C-1 2 1 1,000 $86,900 $83,900 $83 62 days 2/11/19
Average: 3.0 2.3 1,756 $748,534 $246,500 $138 149 days
Viewing 1 - 25 of 447
Viewing 1 - 25 of 447
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Provided courtesy of The Coastal Carolinas Association of REALTORS®. Information Deemed Reliable but Not Guaranteed. Copyright 2019 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.