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
6840 Blue Heron Blvd. Unit 204 1 1 N/A $35,000 Unknown 310 days
610 Putters Lane Unit 203-H Unit 203-H 1 1 450 $35,900 $79 17 days
4150 Harrelson Avenue 3 1 1,200 $40,000 $33 56 days
1912 Racepath Ave. 3 1 1,000 $40,000 $40 11 days
416 Highway 348 3 1 1,200 $44,900 $37 75 days
615 Carter Ln. Unit D-4 2 1 850 $49,900 $58 66 days
415 Cambridge Circle Unit E1 1 1 600 $49,900 $83 7 days
1600 Oak St. Unit 3A 2 1 750 $51,900 $69 102 days
2005 Greens Blvd Unit F-105 2 2 850 $52,900 $62 82 days
2005 Greens Blvd Unit F-106 2 2 850 $52,900 $62 82 days
2000 Greens Blvd. Unit 23-D 3 2 1,200 $54,900 $45 108 days
801 Burcale Road Unit C 7 1 1 700 $54,900 $78 91 days
404 Cambridge Circle Unit K2 1 1 700 $54,900 $78 40 days
5001 Little River Rd. Unit E-306 1 1 700 $56,000 $80 17 days
2000 Greens Blvd Unit 7D 2 1 1,050 $56,900 $54 68 days
2000 Greens Blvd Unit 39-C 2 1 1,050 $56,900 $54 67 days
1915 Fulmer St 3 1 1,000 $57,600 $57 96 days
1025 Carolina Rd. Unit H-1 2 1 1,050 $58,900 $56 20 days
510 Fairwoods Lakes Ln. Unit 12 L 1 1 700 $59,000 $84 47 days
5001 Little River Road Unit E-311 1 1 700 $59,000 $84 19 days
755 Burcale Rd. Unit I-8 2 2 1,100 $59,800 $54 20 days
1025 CAROLINA RD CC-3 Unit CC-3 2 1 1,050 $59,900 $57 186 days
4489 Little River Inn Ln. Unit 1710 2 2 950 $59,900 $63 159 days
802 16th Avenue Unit 2B 2 1 750 $59,900 $79 96 days
5001 Little River Rd. Unit W-405 1 1 700 $59,900 $85 77 days
Average: 3.1 2.3 1,848 $308,244 $163 152 days
Viewing 1 - 25 of 4850
Viewing 1 - 25 of 4850
Properties Under Contract
Address Beds Baths Living ft2 List Price Cost per ft2 DOM
3334 Highway 917 3 1 1,100 $25,000 $22 32 days
260 McNab Shortcut Rd. 3 1 1,000 $35,200 $35 32 days
610 Putters Lane Unit 102-H Unit 102-H 1 1 450 $35,900 $79 83 days
2504 Dargan Cir 2 1 1,000 $39,900 $39 106 days
5455 SW Carriage Rd. 3 1 1,000 $40,000 $40 231 days
1600 S Ocean Blvd. Unit 150 1 1 450 $40,000 $88 45 days
801 Burcale Road Unit G 7 1 1 700 $44,900 $64 48 days
801 Burcale Rd Unit I3 1 1 700 $45,000 $64 117 days
801 Burcale Road Unit G1 1 1 650 $47,500 $73 83 days
6001 S Kings Hwy 2 1 1,000 $47,500 $47 21 days
4350 Baker Street, Unit 2205 Unit 2205 1 1 650 $49,000 $75 36 days
908 White St. 3 1 1,000 $49,900 $49 38 days
6840 Blue Heron Blvd. Unit 308 2 1 800 $49,999 $62 99 days
5065 Watergate Dr. 3 1 1,300 $50,000 $38 81 days
1450 Saint George Ln. Unit I 1 1 650 $52,900 $81 5 days
1000 Deercreek Rd. Unit A 1 1 800 $53,900 $67 209 days
510 Fairwood Lakes II Unit 11 J 1 1 750 $54,500 $72 203 days
801 Burcale Road Unit I-1 1 1 700 $56,900 $81 88 days
3555 Not Specified Unit 8C 2 2 750 $57,500 $76 96 days
755 Burcale Rd Unit E-8 2 2 1,000 $57,500 $57 70 days
421 Cambridge Circle Unit F-2 1 1 700 $58,000 $82 10 days
601 37th Ave. N Unit C 7 2 1 900 $59,000 $65 11 days
380-I Myrtle Greens Dr. Unit 380-I 2 1 800 $59,900 $74 1622 days
9116 EIDER 3 2 1,700 $59,900 $35 242 days
510 Fairwood Lakes Ln. Unit 12J 1 1 700 $59,990 $85 206 days
Average: 3.0 2.2 1,837 $259,698 $140 148 days
Viewing 1 - 25 of 2085
Viewing 1 - 25 of 2085
Sold Properties
Address Beds Baths Living ft2 List Price Sold Price Cost per ft2 DOM Sold Date
1881 Riverport Dr. 3 2 1,800 $196,949 $949 $0.52 166 days 8/28/18
3504 Hwy 366 3 1 1,100 $49,900 $32,500 $29 24 days 9/20/18
3555 Highway 544 Unit Unit 6-D 2 2 750 $52,500 $35,000 $46 117 days 10/10/18
5409 N Ocean Blvd. Unit 210 1 1 450 $65,900 $35,900 $79 570 days 8/31/18
5409 N Ocean Blvd. Unit 101 1 1 450 $65,900 $35,900 $79 570 days 8/31/18
1606 Fawn Vista Dr. Unit 4B3 2 1 900 $39,900 $39,000 $43 794 days 8/13/18
801 Burcale Rd. Unit M 3 1 1 700 $45,000 $40,000 $57 69 days 7/19/18
4350 Intercoastal Dr. Unit 1404 1 1 650 $41,900 $40,000 $61 15 days 8/14/18
755 Burcale Rd. Unit F-1 1 1 700 $49,900 $41,500 $59 62 days 10/3/18
3590 Copperhead Road 2 1 1,000 $47,000 $43,000 $43 59 days 7/30/18
4350 Baker St Unit 1407 1 1 650 $44,000 $44,000 $67 21 days 8/9/18
1100 Possum Trot Rd. Unit E-326 1 1 650 $55,000 $45,000 $69 114 days 9/28/18
4350 Baker Street Unit 2202B 1 1 650 $49,500 $45,800 $70 53 days 9/28/18
403 Tree Top Ct. Unit C 1 1 450 $56,000 $46,000 $102 62 days 9/27/18
805 17th Ave. Unit 7C 2 1 750 $54,000 $46,000 $61 56 days 9/28/18
805 17th Ave. Unit 7F 2 1 750 $54,000 $46,000 $61 56 days 9/28/18
2005 Greens Blvd. Unit C403 2 2 850 $44,900 $47,600 $56 43 days 10/12/18
1025 Carolina Road #K2 Unit K2 2 1 1,050 $52,500 $48,000 $45 29 days 8/8/18
2005 Greens Blvd. Unit C-405 2 2 850 $51,900 $48,000 $56 34 days 8/22/18
2005 Greens Blvd Unit F-107 2 2 850 $48,000 $48,000 $56 41 days 9/4/18
2005 Greens Blvd. Unit A-208 2 2 850 $49,900 $48,000 $56 29 days 9/25/18
1600 S Ocean Blvd. Unit 350 1 1 N/A $54,900 $50,000 Unknown 52 days 8/13/18
3555 Not Specified Unit 9E 2 2 750 $54,000 $50,000 $66 28 days 9/21/18
105 Horizon River Dr. Unit G-6 2 2 950 $56,000 $50,500 $53 83 days 7/19/18
1460 Saint George Ln. Unit F 1 1 650 $55,900 $52,000 $80 367 days 8/24/18
Average: 2.9 2.2 1,716 $236,101 $229,296 $131 152 days
Viewing 1 - 25 of 3132
Viewing 1 - 25 of 3132

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.