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 E-409 2 2 880 $77,000 $87 17 days
5001 Little River Rd. Unit E-419 2 2 910 $79,000 $86 25 days
2005 Greens Blvd. Unit D204 2 2 846 $97,950 $115 6 days
421 Cambridge Circle Unit H-6 2 2 976 $114,900 $117 45 days
1710 Fawn Vista Dr. N Unit E-1 2 1 1,084 $150,000 $138 11 days
2000 Greens Blvd. Unit 29B 3 2 1,300 $150,000 $115 8 days
1960 Bent Grass Dr. Unit I 2 2 1,100 $159,900 $145 5 days
950 Forestbrook Rd. Unit C-6 2 1 808 $160,000 $198 10 days
303 S 20th Ave. S Unit 205 2 2 1,184 $167,900 $141 4 days
8829 Cloister Dr. Unit D 2 2 1,025 $169,900 $165 3 days
950 Forestbrook Rd. Unit E-4 2 1 808 $170,000 $210 10 days
950 Forestbrook Rd. Unit C-3 2 1 808 $170,000 $210 10 days
950 Forestbrook Rd. Unit C-7 2 1 808 $170,000 $210 10 days
4811 Innisbrook Ct. Unit 306 2 2 1,125 $179,900 $159 28 days
3774 Hitchcock Way Unit 825 2 2 1,080 $179,999 $166 53 days
1110 Washington St. 3 1 1,800 $180,000 $100 7 days
3015 Old Bryan Dr. Unit 15-5 2 2 1,250 $184,900 $147 45 days
8796 Chandler Dr. Unit F 2 2 950 $184,900 $194 12 days
8861 Grove Park Dr. Unit H 2 2 1,000 $184,999 $184 12 days
2053 Silvercrest Dr. Unit 13A 2 2 1,100 $185,000 $168 42 days
5905 S Kings Hwy. Unit 5209-D 2 2 775 $185,000 $238 11 days
3756 Citation Way Unit 935 2 2 1,014 $189,000 $186 40 days
208 Castle Dr. Unit 1371 2 2 1,200 $189,900 $158 5 days
4030 Halyard Way 3 2 1,128 $195,000 $172 11 days
4834 Innisbrook Ct. Unit 1111 3 2 1,706 $195,000 $114 3 days
Average: 3.3 2.5 2,494 $594,761 $246 60 days
Viewing 1 - 25 of 928
Viewing 1 - 25 of 928
Properties Under Contract
Address Beds Baths Living ft2 List Price Cost per ft2 DOM
5001 Little River Rd. Unit W-409 2 2 910 $66,500 $73 191 days
5001 Little River Rd. Unit E414 2 2 1,030 $78,000 $75 80 days
5001 Little River Rd. Unit W-301 2 2 1,030 $79,000 $76 91 days
5001 Little River Rd. Unit W-101 2 2 1,045 $82,000 $78 38 days
2000 Greens Blvd. Unit 8C 2 1 1,030 $88,500 $85 21 days
2005 Greens Blvd. Unit D201 2 2 846 $97,950 $115 6 days
4720 Cottonwood Dr. 3 2 1,150 $99,900 $86 6 days
10301 N Kings Highway Unit 10 2 1 1,120 $110,000 $98 35 days
109 Cambridge Circle Unit E5 2 2 976 $114,900 $117 67 days
415 Cambridge Circle Unit E-7 2 2 976 $114,900 $117 45 days
106 Horizon River Dr. Unit J-6 2 2 912 $115,000 $126 21 days
2005 Greens Blvd. Unit A-405 2 2 851 $115,000 $135 21 days
209 Cedar St. Unit C-2 2 2 1,122 $119,900 $106 31 days
2000 Greens Blvd. Unit 18C 2 2 1,120 $119,900 $107 13 days
503 Pinewood Rd. Unit 5B 2 1 1,200 $125,000 $104 31 days
1301 Pridgen Rd. Unit 406 2 2 952 $126,900 $133 49 days
1301 Pridgen Rd. Unit 104 2 2 936 $127,000 $135 21 days
1201 Tiffany Ln. Unit G 2 1 874 $129,900 $148 25 days
203 Double Eagle Dr. Unit A-1 2 1 1,100 $132,500 $120 17 days
105 Spring Creek Dr. Unit C 2 2 1,062 $135,000 $127 48 days
1391 Turkey Ridge Rd. Unit D 2 2 1,204 $135,000 $112 37 days
3698 Clay Pond Village Ln. Unit 8 2 2 1,050 $139,999 $133 55 days
6022 Dick Pond Rd. Unit 104 2 2 1,129 $140,000 $124 5 days
1810 Martin Circle 3 1 1,327 $145,900 $109 26 days
4115 Little River Rd. Unit 6D 2 1 951 $149,000 $156 11 days
Average: 3.3 2.4 2,450 $455,886 $196 103 days
Viewing 1 - 25 of 2134
Viewing 1 - 25 of 2134
Sold Properties
Address Beds Baths Living ft2 List Price Sold Price Cost per ft2 DOM Sold Date
5001 Little River Rd. Unit W-509 2 2 880 $64,900 $62,000 $70 44 days 5/6/22
5001 Little River Rd. Unit E-209 2 2 910 $64,000 $64,000 $70 152 days 4/21/22
209 Cedar St. Unit F4 2 2 1,122 $95,000 $83,000 $73 58 days 4/19/22
1701 Yaupon Dr. Unit A 2 2 1,051 $120,000 $120,000 $114 41 days 4/18/22
1203 Tiffany Ln. Unit E 2 1 950 $120,000 $125,000 $131 95 days 4/25/22
3697 Claypond Village Ln. Unit 1 2 2 1,000 $114,900 $127,000 $127 23 days 5/12/22
204 Double Eagle Dr. Unit D2 2 2 1,100 $129,999 $130,000 $118 46 days 4/25/22
6734 Blue Heron Blvd. Unit 105 2 1 810 $135,000 $135,000 $166 45 days 5/2/22
217 N N Myrtle St. Unit 1 2 1 1,024 $134,900 $135,000 $131 47 days 5/10/22
9700 Kings Rd. 2 1 900 $179,000 $139,000 $154 39 days 4/28/22
1105 2nd Ave. N Unit 405 2 2 920 $130,000 $140,000 $152 36 days 4/29/22
4328 Pine Ln. 4 1 1,500 $185,000 $146,000 $97 46 days 5/12/22
4584 Lomax Ct. Unit 1- B 2 1 1,106 $145,900 $147,900 $133 57 days 5/13/22
601 37th Ave. N Unit K 2 2 1,200 $150,000 $150,000 $125 25 days 4/18/22
205 Double Eagle Dr. Unit G-1 2 2 1,000 $160,000 $150,000 $150 35 days 5/3/22
715 67th Ave. N Unit G 2 1 960 $161,500 $150,000 $156 20 days 5/10/22
715 67th Ave. N Unit F 2 1 992 $161,500 $150,000 $151 20 days 5/10/22
1488 Glens Bay Rd. Unit D 5 2 1 1,100 $135,900 $150,900 $137 50 days 4/28/22
2020 Cross Gate Blvd. Unit 302 2 2 1,001 $150,000 $152,000 $151 35 days 4/21/22
1290 River Oaks Dr. Unit 7G 2 2 850 $149,900 $155,000 $182 102 days 4/22/22
2262 Andover Dr. Unit B 2 2 1,100 $159,900 $155,000 $140 44 days 4/29/22
484 River Oaks Dr. Unit 62-O 2 2 850 $149,900 $155,000 $182 122 days 4/29/22
321 Waccamaw Village Dr. Unit 321 2 2 986 $149,900 $155,500 $157 38 days 5/6/22
600 37th Ave. N Unit 207 2 2 1,050 $155,000 $156,000 $148 166 days 4/28/22
1100 Possum Trot Dr. Unit H 134 2 2 1,100 $129,900 $156,000 $141 71 days 5/3/22
Average: 3.1 2.4 2,146 $414,127 $412,095 $203 81 days
Viewing 1 - 25 of 818
Viewing 1 - 25 of 818
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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.