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 E314 2 2 1,008 $49,500 $49 142 days
5001 N Little River Rd. Unit W-109 2 2 851 $49,995 $58 233 days
5001 Little River Rd. Unit E-102 2 2 1,030 $65,000 $63 267 days
5001 Little River Rd. Unit E-109 2 2 910 $65,000 $71 68 days
2000 Greens Blvd. Unit 10A 2 2 1,050 $67,250 $64 341 days
5001 Little River Rd. Unit W-411 2 2 910 $74,000 $81 124 days
5001 Little River Rd. Unit W-502 2 2 1,030 $79,000 $76 147 days
111 Cambridge Circle Unit F6 2 2 900 $79,500 $88 37 days
102 Cambridge Circle Unit K7 2 2 976 $82,900 $84 95 days
111 Cambridge Circle Unit F7 2 2 900 $86,500 $96 37 days
405 Cambridge Pl. Unit B-8 2 2 1,040 $89,500 $86 239 days
279 Tatum Lane 3 1 1,521 $89,900 $59 4 days
500 Fairway Village Dr. Unit 5-B 2 2 950 $90,000 $94 13 days
1450-A Blue Tree Ct. Unit A 2 2 1,020 $94,500 $92 215 days
1450 St. George Ln. Unit C 2 2 980 $96,000 $97 243 days
1206 Tiffany Ln. Unit 6-E 2 1 874 $97,000 $110 2 days
1101 2nd Ave. N Unit 1006 2 2 876 $97,900 $111 40 days
1230 Saint George Ln. Unit A 2 2 980 $98,500 $100 20 days
1100 Possum Trot Rd. Unit E337 2 2 975 $99,000 $101 16 days
863 Tall Oaks Ct. Unit D-63 2 2 1,132 $99,500 $87 0 days
922 Shem Creek Circle 3 2 1,294 $99,900 $77 2 days
303 S Myrtle St. Unit 201 2 2 918 $100,000 $108 212 days
3015 Old Bryan Dr. Unit 9-4 2 2 1,038 $100,000 $96 11 days
3015 Old Bryan Dr. Unit 13-2 2 2 1,038 $102,900 $99 19 days
510 Fairwood Lakes Unit D13 2 2 1,189 $104,900 $88 5 days
Average: 3.2 2.5 2,281 $400,466 $175 143 days
Viewing 1 - 25 of 1439
Viewing 1 - 25 of 1439
Properties Under Contract
Address Beds Baths Living ft2 List Price Cost per ft2 DOM
503 Pinewood Rd. Unit 4A 2 1 1,180 $59,900 $50 33 days
2000 Greens Blvd. Unit 20 B 2 1 1,030 $62,000 $60 317 days
405 Cambridge Circle Unit B6 2 2 976 $64,000 $65 29 days
306 Cedar St. Unit 15 2 1 900 $65,200 $72 351 days
5590 Green Bay Circle 3 2 1,288 $70,000 $54 29 days
950 Forestbrook Rd. Unit D-1 2 1 808 $70,000 $86 28 days
5905 S South Kings Hwy. Unit 4309 2 2 775 $72,900 $94 19 days
5905 S Kings Hwy. Unit 6312 2 2 736 $74,900 $101 34 days
2005 Greens Blvd. Unit A307 2 2 850 $75,000 $88 96 days
6016 Dick Pond Rd. Unit 110 2 2 1,051 $77,500 $73 37 days
1350 McMaster Dr. Unit E 2 2 818 $80,000 $97 105 days
1361 Turkey Ridge Rd. Unit B 2 2 1,051 $82,900 $78 81 days
5905 S Kings Hwy. Unit 4211 2 2 800 $84,900 $106 7 days
6022 Dick Pond Rd. Unit 202 2 2 1,101 $85,000 $77 37 days
1200 Benna Dr. Unit H 2 1 982 $86,500 $88 104 days
1851 6B Colony Dr. Unit 6B 2 2 952 $88,000 $92 146 days
615 37th Ave. N Unit G 2 1 1,008 $88,900 $88 105 days
1205 Tiffany Ln. Unit E 2 1 870 $89,000 $102 37 days
1101 2nd Ave. N Unit 402 2 2 876 $89,900 $102 28 days
5905 S Kings Hwy. Unit 4111-D 2 2 775 $90,000 $116 112 days
510 Fairwood Lakes Unit 14B 2 2 1,250 $90,000 $72 57 days
1851 Colony Dr. Unit 5L 2 2 968 $91,000 $94 26 days
1850 Colony Dr. Unit 1 B 2 2 947 $92,500 $97 111 days
1460 Blue Tree Ct. Unit N 2 2 1,000 $92,900 $92 86 days
3015 Old Bryan Dr. Unit 10-3 2 2 1,290 $92,999 $72 118 days
Average: 3.2 2.4 2,306 $333,019 $147 109 days
Viewing 1 - 25 of 2407
Viewing 1 - 25 of 2407
Sold Properties
Address Beds Baths Living ft2 List Price Sold Price Cost per ft2 DOM Sold Date
2000 Greens Blvd. Unit 6B 2 1 1,030 $54,900 $53,000 $51 23 days 1/25/21
950 Forestbrook Rd. Unit A-8 2 1 808 $64,000 $62,500 $77 28 days 2/15/21
950 Forestbrook Rd. Unit C-8 2 1 808 $64,000 $62,500 $77 28 days 2/15/21
950 Forestbrook Rd. Unit F-6 2 1 808 $64,000 $62,500 $77 28 days 2/15/21
950 Forestbrook Rd. Unit F-8 2 1 808 $64,000 $62,500 $77 28 days 2/15/21
950 Forestbrook Rd. Unit F-7 2 1 808 $64,000 $62,500 $77 28 days 2/15/21
109 Cambridge Circle Unit E-8 2 2 1,076 $69,500 $66,000 $61 38 days 2/22/21
4749 Cottonwood Dr. 3 2 1,320 $59,000 $68,000 $51 32 days 2/8/21
401 Cambridge Circle Unit A6 2 2 975 $73,500 $70,000 $71 119 days 2/5/21
801 Burcale Rd. Unit B-4 2 2 1,064 $85,000 $73,000 $68 55 days 2/4/21
401 Cambridge Circle Unit A-5 2 2 1,000 $76,900 $73,500 $73 175 days 2/12/21
5905 S Kings Hwy. Unit 4108- D 2 2 775 $79,000 $74,250 $95 210 days 1/29/21
116 Horizon River Dr. Unit E-8 2 2 1,000 $75,000 $75,000 $75 100 days 2/5/21
5905 South Kings Hwy. Unit 4218-D 2 2 786 $77,500 $75,000 $95 93 days 2/5/21
6010 Dick Pond Rd. Unit 215 2 2 1,075 $85,000 $75,000 $69 46 days 2/1/21
6001-1708 South Kings Hwy. 2 2 1,000 $89,900 $77,000 $77 53 days 2/5/21
6010 Dick Pond Rd. Unit 313 2 2 1,200 $82,999 $81,500 $67 24 days 2/15/21
1100 5th Ave. N Unit 5 2 1 1,024 $85,000 $83,500 $81 32 days 2/5/21
6022 Dick Pond Rd. Unit C-101 2 2 1,177 $82,900 $86,400 $73 53 days 2/1/21
1101 2nd Ave. N Unit 307 2 2 1,000 $90,000 $88,000 $88 95 days 2/15/21
914 5th Ave. S 6 3 2,240 $86,900 $91,000 $40 21 days 2/18/21
581 Blue River Ct. Unit 6D 2 2 1,050 $99,000 $92,500 $88 332 days 2/8/21
201 Wando River Rd. Unit 8G 3 2 1,310 $98,000 $93,000 $70 120 days 2/4/21
922 Fairwood Lakes Dr. Unit E 2 1 810 $95,000 $93,500 $115 33 days 2/18/21
1012 Possum Trot Rd. Unit A7 2 1 1,201 $98,500 $94,000 $78 108 days 2/16/21
Average: 3.1 2.3 2,190 $313,341 $305,209 $140 118 days
Viewing 1 - 25 of 701
Viewing 1 - 25 of 701

Provided courtesy of The Coastal Carolinas Association of REALTORS®. Information Deemed Reliable but Not Guaranteed. Copyright 2021 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.