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 W-509 2 2 851 $69,000 $81 38 days
5001 Little River Rd. Unit W411 2 2 880 $69,900 $79 47 days
5001 Little River Rd. Unit W-408 2 2 880 $74,300 $84 89 days
400 Cambridge Circle Unit L-6 2 2 976 $109,999 $112 23 days
2005 Greens Blvd. Unit F304 2 2 801 $120,000 $149 66 days
111 Cambridge Circle Unit Cambridge 2 2 976 $124,900 $127 32 days
401 Cambridge Circle Unit L5 2 2 976 $124,900 $127 32 days
2005 Greens Blvd. Unit E-403 2 2 846 $125,000 $147 66 days
2005 Greens Blvd. Unit F-403 2 2 846 $125,000 $147 3 days
109 Cambridge Pl. Unit H5 2 2 975 $129,900 $133 93 days
509 67th Ave. N Unit H 2 1 880 $135,000 $153 47 days
1203 Tiffany Ln. Unit 3-A 2 2 848 $135,000 $159 3 days
1206 Pinegrove Dr. Unit B 2 1 1,077 $138,900 $128 51 days
3673 Clay Pond Village Ln. Unit 5 2 2 978 $145,000 $148 77 days
217 N Myrtle St. Unit 2 2 1 1,024 $145,000 $141 4 days
7200 N Ocean Blvd. Unit 218 2 1 400 $154,000 $385 107 days
420 Pine Ave. Unit 204A 2 1 700 $154,900 $221 52 days
864 Tall Oaks Ct. Unit C 2 2 1,006 $155,000 $154 38 days
3677 Claypond Village Ln. Unit 7 2 2 978 $155,900 $159 87 days
3015 Old Bryan Rd. Unit 14-4 2 2 1,068 $159,000 $148 75 days
3697 Claypond Village Ln. Unit 2 2 2 978 $159,900 $163 81 days
9700 Kings Rd. 2 1 800 $159,900 $199 25 days
1101 Possum Trot Rd. Unit D102 2 2 960 $159,900 $166 4 days
209 Chester St. Unit G 2 2 1,003 $160,000 $159 404 days
209 Chester St. Unit F 2 2 1,003 $160,000 $159 143 days
Average: 3.3 2.5 1,934 $523,311 $272 72 days
Viewing 1 - 25 of 1774
Viewing 1 - 25 of 1774
Properties Under Contract
Address Beds Baths Living ft2 List Price Cost per ft2 DOM
5001 Little River Rd. Unit E414 2 2 1,000 $78,000 $78 219 days
5001 Little River Rd. Unit E-201 2 2 1,000 $89,000 $89 58 days
713 67th Ave. N Unit H 3 1 1,120 $99,900 $89 59 days
801 Burcale Rd. Unit F-6 2 1 1,064 $110,000 $103 27 days
755 Burcale Rd. Unit B-2 2 2 1,064 $110,000 $103 27 days
6001-1785 S Kings Hwy. 2 2 634 $112,500 $177 67 days
2005 Greens Blvd. Unit D108 2 2 846 $120,000 $141 66 days
1101 2nd Ave. N Unit 2308 2 2 952 $122,500 $128 44 days
1301 Pridgen Rd. Unit 202 2 2 864 $129,900 $150 47 days
2005 Green Blvd. Unit E204 2 2 846 $129,900 $153 38 days
518 Gilmore Ave. 2 2 640 $135,000 $210 12 days
6850 King Arthur Dr. Unit 202 2 2 950 $139,900 $147 41 days
1101 2nd Ave. N Unit 702 2 2 864 $142,500 $164 31 days
950 Forestbrook Rd. Unit E-4 2 1 808 $145,000 $179 149 days
950 Forestbrook Rd. Unit C-6 2 1 808 $145,000 $179 149 days
1820 Fairway Ridge Dr. Unit 4-A 2 2 1,122 $149,900 $133 102 days
6022 Dick Pond Dr. Unit 206 2 2 1,059 $149,900 $141 82 days
6016 Dick Pond Rd. Unit 211 2 2 1,059 $149,900 $141 73 days
4115 Little River Rd. Unit 5F 2 1 951 $155,000 $162 185 days
6016 Dick Pond Rd. Unit 111 2 2 1,059 $158,000 $149 19 days
2970 Old Bryan Dr. Unit B4 2 1 1,088 $159,900 $146 110 days
100 Fountain Pointe Ln. Unit 203 3 2 1,250 $159,900 $127 48 days
6307 Wildwood Trail Unit C 2 1 720 $159,999 $222 45 days
1028 Red Tree Circle Unit I 2 2 1,156 $160,000 $138 31 days
1200 5th Ave. N Unit 901 2 2 1,064 $160,000 $150 30 days
Average: 3.3 2.4 1,998 $481,460 $243 116 days
Viewing 1 - 25 of 1647
Viewing 1 - 25 of 1647
Sold Properties
Address Beds Baths Living ft2 List Price Sold Price Cost per ft2 DOM Sold Date
5001 Little River Rd. Unit E-419 2 2 1,000 $79,000 $79,000 $79 134 days 9/2/22
1301 Pridgen Rd. Unit 702 2 2 864 $119,900 $112,500 $130 54 days 9/23/22
950 Forestbrook Rd. Unit C-3 2 1 808 $170,000 $125,000 $154 125 days 9/8/22
950 Forestbrook Rd. Unit C-7 2 1 808 $170,000 $125,000 $154 125 days 9/8/22
503 Pinewood Rd. Unit 2F 2 1 1,070 $139,900 $125,750 $117 161 days 9/8/22
1203 Tiffany Ln. Unit B 2 2 801 $125,000 $127,500 $159 49 days 9/28/22
411 Garden Dr. Unit 108-B 2 2 1,088 $110,000 $128,000 $117 41 days 9/21/22
101 Horizon River Dr. Unit H8 2 2 1,050 $135,000 $134,000 $127 53 days 9/19/22
857 Tall Oaks Ct. Unit D 2 2 885 $134,000 $141,000 $159 63 days 9/23/22
1331 #D Turkey Ridge Rd. Unit D 2 2 1,051 $170,000 $150,000 $142 113 days 9/6/22
4913 Twin Pond Ct. Unit 201 3 2 1,186 $228,000 $155,000 $130 53 days 9/26/22
10301 N Kings Hwy. Unit 15-8 2 1 1,020 $169,500 $159,000 $155 27 days 9/12/22
1101 Possum Trot Rd. Unit A-204 2 2 960 $159,500 $159,500 $166 56 days 9/21/22
206 Double Eagle Dr. Unit A-1 2 1 925 $165,000 $161,000 $174 40 days 9/21/22
222 Stonebridge Dr. 3 2 1,360 $129,900 $161,101 $118 19 days 9/12/22
1110 Washington St. 3 1 1,352 $174,000 $165,000 $122 127 days 9/13/22
5758 Dogwood Circle 2 1 900 $165,000 $165,000 $183 48 days 9/12/22
800 Deer Creek Rd. Unit E 2 1 1,254 $167,000 $167,000 $133 44 days 9/9/22
1100 Possum Trot Rd. Unit H-357 2 2 1,016 $172,900 $168,000 $165 48 days 9/23/22
5905 S Kings Hwy. Unit 4208 2 1 736 $175,000 $168,500 $228 126 days 9/29/22
1891 Colony Dr. Unit 13-C 2 2 790 $169,900 $169,400 $214 89 days 9/7/22
900 Deer Creek Rd. Unit F 2 2 900 $169,900 $169,900 $188 99 days 9/20/22
210 Double Eagle Dr. Unit B-2 3 3 1,604 $179,900 $170,000 $105 119 days 9/13/22
8861 Grove Park Dr. Unit F 2 2 875 $169,000 $170,000 $194 49 days 9/14/22
3015 Old Bryan Dr. Unit 8-6 2 2 913 $172,000 $172,000 $188 36 days 9/23/22
Average: 3.1 2.3 1,807 $424,571 $416,421 $235 101 days
Viewing 1 - 25 of 612
Viewing 1 - 25 of 612

Provided courtesy of The Coastal Carolinas Association of REALTORS®. Information Deemed Reliable but Not Guaranteed. Copyright 2022 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.

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