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 253 days
610 Putters Lane Unit 102-H Unit 102-H 1 1 450 $35,900 $79 26 days
2504 Dargan Cir 2 1 1,000 $39,900 $39 49 days
416 Highway 348 3 1 1,200 $44,900 $37 18 days
801 Burcale Rd Unit I3 1 1 700 $45,000 $64 60 days
801 Burcale Road Unit G1 1 1 650 $47,500 $73 26 days
755 Burcale Road Unit F-1 1 1 700 $49,900 $71 17 days
6840 Blue Heron Blvd. Unit 308 2 1 800 $51,988 $64 42 days
2005 Greens Blvd. Unit D-205 2 2 850 $52,500 $61 51 days
2005 Greens Blvd Unit F-105 2 2 850 $52,900 $62 25 days
2005 Greens Blvd Unit F-106 2 2 850 $52,900 $62 25 days
1000 Deercreek Rd. Unit A 1 1 800 $53,900 $67 152 days
510 Fairwood Lakes II Unit 11 J 1 1 750 $54,500 $72 146 days
1600 Oak Street Unit 3A 2 1 750 $54,900 $73 45 days
801 Burcale Road Unit C 7 1 1 700 $54,900 $78 34 days
615 Carter Ln. Unit D-4 2 1 850 $54,999 $64 9 days
1100 Possum Trot Rd Unit E-326 1 1 650 $55,000 $84 74 days
403 Tree Top Court Unit C 1 1 450 $56,000 $124 23 days
801 Burcale Road Unit I-1 1 1 700 $56,900 $81 31 days
2000 Greens Blvd Unit 7D 2 1 1,050 $56,900 $54 11 days
2000 Greens Blvd Unit 39-C 2 1 1,050 $56,900 $54 10 days
755 Burcale Rd Unit E-8 2 2 1,000 $57,500 $57 13 days
1915 Fulmer St 3 1 1,000 $57,600 $57 39 days
801 Burcale Rd Unit A2 2 2 1,150 $58,786 $51 41 days
1000 Deer Creek Rd. Unit G 1 1 700 $58,900 $84 184 days
Average: 3.1 2.3 1,871 $309,094 $162 142 days
Viewing 1 - 25 of 4883
Viewing 1 - 25 of 4883
Properties Under Contract
Address Beds Baths Living ft2 List Price Cost per ft2 DOM
5455 SW Carriage Rd. 3 1 1,000 $40,000 $40 174 days
4350 Intercoastal Dr. Unit 1404 1 1 650 $41,900 $64 20 days
2005 Greens Blvd Unit F-107 2 2 850 $48,000 $56 25 days
4350 Baker Street Unit 2202B 1 1 650 $49,500 $76 13 days
1025 Plantation Drive Unit 3416 1 1 500 $49,900 $99 120 days
5065 Watergate Drive 3 1 1,300 $50,000 $38 24 days
2005 Greens Blvd. Unit C-405 2 2 850 $51,900 $61 31 days
3555 Hwy 544 Unit 4-G 2 2 750 $52,500 $70 45 days
2611 S Ocean Blvd. Unit 408 1 1 550 $52,900 $96 194 days
510 Fairwood Lakes Drive Unit 18-K 1 1 700 $53,000 $75 191 days
500 Fairway Village Drive Unit 9-J 1 1 650 $53,500 $82 37 days
500 Deercreek Road Unit A 1 1 850 $54,000 $63 37 days
805 17th Avenue Unit 7C 2 1 750 $54,000 $72 16 days
805 17th Avenue Unit 7F 2 1 750 $54,000 $72 16 days
1829 Westridge Blvd 2 1 1,000 $55,000 $55 230 days
1460 St. George Ln Unit F 1 1 650 $55,900 $86 362 days
3555 Highway 544 Unit Unit 6-D 2 2 750 $56,250 $75 65 days
1025 Carolina Road Unit E-2 2 1 1,050 $56,900 $54 19 days
3555 Hwy 544 Unit 8C 2 2 750 $57,500 $76 39 days
510 Fairwood Lakes Drive Unit 15-M 1 1 700 $57,900 $82 111 days
1500 Deer Creek Road Unit A 1 1 850 $58,500 $68 47 days
5905 S Kings Hwy Unit 6103 1 1 550 $59,000 $107 74 days
16G Fairwood Lakes Ln. Unit 16G 1 1 650 $59,500 $91 289 days
380-I MYRTLE GREENS DR Unit 380-I 2 1 800 $59,900 $74 1565 days
9116 EIDER 3 2 1,700 $59,900 $35 185 days
Average: 3.0 2.2 1,829 $260,288 $138 148 days
Viewing 1 - 25 of 2428
Viewing 1 - 25 of 2428
Sold Properties
Address Beds Baths Living ft2 List Price Sold Price Cost per ft2 DOM Sold Date
932 Wright Blvd 2 1 1,100 $23,100 $25,000 $22 32 days 6/18/18
2721 Sunset Street 2 1 1,000 $42,500 $26,000 $26 26 days 6/29/18
3915 Bayboro St. 2 1 1,000 $30,900 $30,900 $30 85 days 5/31/18
610 Putters Lane Unit 210-H Unit 210-H 1 1 450 $34,900 $33,000 $73 45 days 6/11/18
5409 N Ocean Blvd Unit 104 1 1 450 $65,900 $35,900 $79 496 days 6/18/18
5409 N Ocean Blvd Unit 110 1 1 450 $65,900 $35,900 $79 490 days 6/12/18
5409 N Ocean Blvd Unit 112 1 1 450 $65,900 $35,900 $79 486 days 6/8/18
950 Forestbrook Rd. Unit E-2 2 1 850 $45,000 $38,000 $44 124 days 6/18/18
1606 Fawn Vista Dr. Unit 4B3 2 1 900 $39,900 $39,000 $43 794 days 8/13/18
801 Burcale Rd. Unit L-1 1 1 700 $48,500 $39,500 $56 242 days 6/18/18
801 Burcale Rd. Unit M 3 1 1 700 $45,000 $40,000 $57 69 days 7/19/18
1025 Plantation Drive Unit 3417 1 1 500 $45,900 $41,500 $83 93 days 7/11/18
610 Putter's Lane Unit 202 1 1 450 $46,900 $41,500 $92 41 days 5/23/18
3590 Copperhead Road 2 1 1,000 $47,000 $43,000 $43 59 days 7/30/18
801 Burcale Rd. Unit C-3 1 1 700 $45,000 $43,700 $62 32 days 6/11/18
2611 S Ocean Blvd Unit 306 1 1 550 $48,500 $44,000 $80 230 days 5/21/18
2005 Greens Blvd. Unit B-306 2 2 850 $47,900 $44,000 $51 49 days 6/8/18
4350 Baker St Unit 1407 1 1 650 $44,000 $44,000 $67 21 days 8/9/18
3700 Golf Colony Ln. Unit 9-D 1 1 650 $44,900 $45,000 $69 96 days 5/30/18
1025 Plantation Drive Unit 3413 1 1 500 $55,900 $45,000 $90 70 days 5/24/18
2000 Greens Blvd. Unit 18-A 2 2 1,100 $47,500 $47,600 $43 17 days 6/8/18
1025 Carolina Road #K2 Unit K2 2 1 1,050 $52,500 $48,000 $45 29 days 8/8/18
2000 Greens Blvd. Unit 33A 2 1 1,050 $57,000 $49,500 $47 104 days 6/13/18
3559 HWY 544 Unit 11A 2 2 750 $51,500 $49,500 $66 38 days 6/10/18
2000 Greens Blvd. Unit 31C 2 2 1,000 $54,900 $49,900 $49 55 days 5/30/18
Average: 2.9 2.1 1,672 $227,785 $221,444 $132 136 days
Viewing 1 - 25 of 3415
Viewing 1 - 25 of 3415
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