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
2005 Greens Blvd. Unit C-305 2 2 850 $48,900 $57 36 days
2005 Greens Blvd. Unit A-204 2 2 850 $50,900 $59 78 days
2005 Greens Blvd. Unit F-403 2 2 850 $53,900 $63 128 days
5001 Little River Rd. Unit E-108 2 2 900 $55,000 $61 213 days
2005 Greens Blvd. Unit C-405 2 2 850 $59,000 $69 122 days
950 Forestbrook Rd. Unit F-5 2 1 850 $64,000 $75 12 days
950 Forestbrook Rd. Unit A7 2 1 850 $65,500 $77 27 days
5001 Little River Rd. Unit E-409 2 2 850 $66,000 $77 86 days
5001 Little River Rd. Unit W-409 2 2 900 $69,000 $76 90 days
2000 Greens Blvd. Unit 29-B 3 2 1,250 $69,900 $55 103 days
509 67th Ave. N Unit O 2 1 900 $69,900 $77 49 days
755 Burcale Rd. Unit M-6 2 2 1,000 $73,900 $73 491 days
5905 South Kings Hwy. Unit 4216-D 2 2 800 $74,500 $93 15 days
1207 Erin Way Unit B 2 2 900 $75,800 $84 29 days
4115 Little River Rd. Unit 9C 2 1 1,000 $79,000 $79 45 days
5905 S Kings Hwy. Unit 6106-D 2 2 800 $79,900 $99 110 days
5905 S Kings Hwy. Unit 6110-D 2 2 800 $79,900 $99 107 days
1500 Cenith Dr. Unit D-203 2 2 850 $80,000 $94 225 days
1524 S Ocean Blvd. Unit 30 2 1 600 $80,000 $133 89 days
420 Pine Ave. Unit 103A 2 1 700 $82,000 $117 46 days
1500 Cenith Dr. Unit A-203 2 2 850 $82,900 $97 41 days
6725 Blue Heron Blvd. Unit 106 2 1 850 $83,000 $97 11 days
5001 Little River Rd. Unit E-314 2 2 1,050 $84,000 $80 68 days
6022 Dick Pond Rd. Unit 204 2 2 1,100 $85,000 $77 8 days
1101 Possum Trot Rd. Unit B302 2 2 1,150 $86,500 $75 102 days
Average: 3.3 2.5 1,993 $378,263 $182 151 days
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Properties Under Contract
Address Beds Baths Living ft2 List Price Cost per ft2 DOM
2005 Greens Blvd. Unit E-208 2 2 850 $42,000 $49 16 days
2005 Greens Blvd. Unit F 101 2 2 850 $52,000 $61 9 days
5759 Rosewood Dr. 3 2 1,300 $59,000 $45 146 days
1160 Stalvey Ave. 3 1 1,500 $60,000 $40 44 days
950 Forestbrook Rd. Unit E-3 2 1 850 $64,000 $75 68 days
2000 Greens Blvd. Unit 5A 3 2 1,200 $65,000 $54 314 days
755 Burcale Rd. Unit B-6 2 2 1,100 $69,000 $62 308 days
4409 N Ocean Blvd. Unit 109 2 1 850 $69,900 $82 541 days
4693 Peachwood Ct. 3 2 1,700 $69,900 $41 56 days
950 Forestbrook Rd. Unit A5 2 1 850 $70,000 $82 96 days
106 Horizon River Dr. Unit J2 2 2 1,050 $70,000 $66 7 days
5001 Little River Rd. Unit E-508 2 2 900 $71,900 $79 212 days
10301 N Kings Hwy. Unit 7-8 2 1 1,050 $73,900 $70 91 days
6850 King Arthur Dr. Unit 101 2 2 950 $74,900 $78 20 days
1407 Hemingway St. 3 1 1,000 $75,000 $75 245 days
1202 Tiffany Ln. Unit D 2 2 900 $75,700 $84 12 days
801 Burcale Rd. Unit Apt J 4 2 2 1,100 $76,000 $69 51 days
2268 Clearwater Dr. Unit 2268-H 3 2 1,350 $76,500 $56 14 days
504 Oak Circle Unit 6 2 1 1,150 $77,000 $66 15 days
801 Burcale Rd. Unit J 2 2 2 1,100 $77,900 $70 159 days
200 Castle Dr. Unit 1368 2 2 1,050 $79,000 $75 366 days
1200 Zion Dr. Unit B-1 2 2 800 $79,000 $98 44 days
1431 Turkey Ridge Rd. Unit C 3 2 1,400 $79,900 $57 140 days
6730 Blue Heron Blvd. Unit 102 2 2 1,000 $79,900 $79 71 days
4115 Little River Rd. Unit 5-C 2 1 1,000 $79,900 $79 41 days
Average: 3.1 2.3 1,890 $293,095 $153 144 days
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Viewing 1 - 25 of 1610
Sold Properties
Address Beds Baths Living ft2 List Price Sold Price Cost per ft2 DOM Sold Date
2005 Greens Blvd. Unit B-304 2 2 850 $47,900 $47,000 $55 108 days 6/17/19
2000 Greens Blvd. Unit 20-D 2 1 1,050 $49,900 $48,900 $46 27 days 6/5/19
2000 Greens Blvd. Unit 7D 2 1 1,050 $56,900 $51,500 $49 303 days 6/7/19
2000 Greens Blvd. Unit 39-C 2 1 1,050 $56,900 $54,000 $51 147 days 5/30/19
8775 Chandler Dr. Unit B 2 2 950 $49,999 $57,002 $60 32 days 5/24/19
950 #E8 Forestbrook Rd. Unit E-8 2 1 850 $59,000 $59,000 $69 26 days 5/29/19
950 Forestbrook Rd. Unit D6 2 1 850 $67,500 $60,000 $70 123 days 5/24/19
2000 Greens Blvd. Unit 38-D 3 2 1,200 $69,900 $63,000 $52 307 days 6/12/19
801 Burcale Rd. Unit L-4 2 2 1,150 $67,500 $67,500 $58 76 days 5/20/19
801 Burcale Rd. Unit K-2 2 2 1,100 $69,000 $68,000 $61 24 days 5/31/19
5905 S Kings Hwy. Unit 6315-D 2 2 800 $75,900 $69,000 $86 146 days 6/3/19
6308 Wedgewood St. Unit G 2 1 1,050 $69,900 $69,900 $66 27 days 5/30/19
1301 Pridgen Rd. Unit 1004 2 2 900 $74,900 $70,400 $78 60 days 5/24/19
3015 Old Bryan Dr. Unit 6-6 2 2 1,050 $79,000 $75,000 $71 248 days 6/13/19
1602 Fawn Vista Dr. N Unit 6 2-B 2 1 1,150 $79,900 $75,000 $65 41 days 6/6/19
205 Double Eagle Dr. Unit B1 2 2 950 $79,900 $76,000 $80 302 days 5/23/19
1400 Deer Creek Rd. Unit 14-A-L 2 2 900 $79,900 $76,500 $85 49 days 6/7/19
6721 Blue Heron Blvd. Unit 104 2 1 850 $82,000 $79,500 $93 35 days 6/10/19
5905 S Kings Hwy. Unit 143-A 2 2 950 $84,900 $80,750 $85 97 days 5/31/19
500 Fairway Village Dr. Unit 7-P 2 2 1,000 $83,000 $81,500 $81 97 days 5/28/19
6702 Jefferson Pl. Unit D-3 2 1 1,000 $81,900 $81,900 $81 76 days 6/4/19
1101 2nd Ave. N Unit 2403 2 2 900 $86,000 $82,000 $91 46 days 5/24/19
809 Green Bay Trail 3 2 2,200 $83,000 $83,000 $37 43 days 6/6/19
1500 Cenith Dr. Unit F403 2 2 950 $87,000 $84,000 $88 57 days 6/13/19
1880 Auburn Ln. Unit 25C 2 2 900 $89,900 $85,000 $94 127 days 5/28/19
Average: 3.0 2.3 1,741 $260,100 $252,264 $142 128 days
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Provided courtesy of The Coastal Carolinas Association of REALTORS®. Information Deemed Reliable but Not Guaranteed. Copyright 2019 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.