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-502 2 2 1,030 $55,000 $53 266 days
5001 Little River Rd. Unit E-207 2 2 910 $64,000 $70 112 days
5001 Little River Rd. Unit E-109 2 2 910 $65,000 $71 187 days
2005 Greens Blvd. Unit Apt. A-206 2 2 896 $79,500 $88 1 day
2005 Greens Blvd. Unit B-305 2 2 896 $79,900 $89 20 days
106 Horizon River Dr. Unit 4J 2 2 912 $85,000 $93 1 day
5001 Little River Rd. Unit E-401 2 2 1,008 $89,500 $88 35 days
405 Cambridge Circle Unit B-8 2 2 976 $95,900 $98 111 days
5001 Little River Rd. Unit W102 2 2 1,008 $99,000 $98 18 days
1101 2nd Ave. N Unit 2202 2 2 952 $105,000 $110 2 days
500 Fairway Village Dr. Unit 1-B 2 2 1,040 $105,000 $100 1 day
3685 Claypond Village Ln. Unit 7 2 2 987 $109,900 $111 26 days
3685 Claypond Village Ln. Unit 8 2 2 987 $109,900 $111 26 days
801 Crumpet Ct. Unit 18-1140 2 2 1,050 $114,900 $109 89 days
1461 Turkey Ridge Rd. Unit A 2 2 1,075 $114,900 $106 20 days
207 Double Eagle Dr. Unit E2 2 2 1,150 $116,999 $101 5 days
209 Ranchette Circle Unit A 2 1 850 $119,500 $140 2367 days
613 Sea Mountain Hwy. Unit 111 2 1 768 $130,000 $169 289 days
216 Castle Dr. Unit 1394 2 2 1,100 $131,900 $119 14 days
498 River Oaks Dr. Unit F 2 2 900 $132,000 $146 77 days
200 Castle Dr. Unit 1362 2 2 1,100 $134,106 $121 4 days
105 Ashley Park Dr. Unit 2G 3 2 1,350 $134,900 $99 0 days
9739 Leyland Dr. Unit 6 2 1 960 $134,900 $140 0 days
5905 South Kings Hwy. Unit 2010 RT 2 2 968 $135,000 $139 7 days
111 Fountain Pointe Ln. Unit 202 3 2 1,428 $135,000 $94 1 day
Average: 3.3 2.6 2,457 $493,280 $202 106 days
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Viewing 1 - 25 of 847
Properties Under Contract
Address Beds Baths Living ft2 List Price Cost per ft2 DOM
5100 Little River Rd. Unit W-219 2 2 1,030 $23,500 $22 100 days
5001 Little River Rd. Unit E-107 2 2 851 $25,000 $29 97 days
2000 Greens Blvd. Unit 22A 3 2 1,375 $42,000 $30 12 days
5001 Little River Rd. Unit E-308 2 2 910 $59,000 $64 47 days
2000 N Greens Blvd. Unit 31C 2 2 1,120 $64,900 $57 44 days
5001 Little River Rd. Unit E-102 2 2 1,030 $65,000 $63 386 days
2005 Greens Blvd. Unit C-401 2 2 850 $69,000 $81 34 days
2005 Greens Blvd. Unit B-307 2 2 846 $75,000 $88 21 days
111 Cambridge Circle Unit F6 2 2 900 $79,500 $88 156 days
6312 Wedgewood St. Unit 7B 2 1 1,000 $80,000 $80 37 days
404 Cambridge Circle Unit K6 2 2 976 $88,900 $91 53 days
1301 Pridgen Rd. Unit 1005 2 2 914 $89,900 $98 222 days
3015 Old Bryan Dr. Unit 4-7 2 1 1,185 $98,000 $82 345 days
1062 Star Creek Circle 3 2 1,329 $99,000 $74 97 days
400 Cambridge Circle Unit L-8 2 2 1,100 $99,000 $90 85 days
3015 Old Bryan Dr. Unit 4-1 2 2 1,200 $99,000 $82 53 days
1624 Stuart Square Circle 3 2 1,104 $99,000 $89 21 days
860B Tall Oaks Ct. Unit 860B 2 2 1,025 $99,900 $97 205 days
1524 S Ocean Blvd. Unit 27 2 1 598 $99,900 $167 26 days
1609 Madison Ave. Unit 1 2 1 910 $99,900 $109 13 days
6730 Blue Heron Blvd. Unit 101 2 2 1,000 $99,900 $99 9 days
10301 N Kings Hwy. Unit 17-2 2 1 1,020 $99,999 $98 23 days
4578 Girvan Dr. Unit 14H 2 2 1,076 $100,900 $93 58 days
1825 Crooked Pine Dr. Unit E-6 2 1 1,332 $104,900 $78 44 days
3015 Old Bryan Dr. Unit 11-3 2 2 1,038 $105,000 $101 38 days
Average: 3.2 2.4 2,370 $367,656 $158 98 days
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Viewing 1 - 25 of 2319
Sold Properties
Address Beds Baths Living ft2 List Price Sold Price Cost per ft2 DOM Sold Date
5001 Little River Rd. Unit E314 2 2 1,008 $44,900 $40,000 $39 66 days 6/7/21
5001 N Little River Rd. Unit W-109 2 2 851 $49,995 $45,000 $52 332 days 6/3/21
2000 Greens Blvd. Unit 14A 2 1 1,050 $69,998 $65,000 $61 42 days 5/27/21
400 Cambridge Circle Unit L-7 2 2 1,100 $89,900 $80,000 $72 70 days 6/8/21
5905 Hwy 17 S Unit 5110 FS 2 2 780 $82,500 $82,000 $105 50 days 6/18/21
111 Cambridge Circle Unit F7 2 2 900 $86,500 $83,900 $93 149 days 6/16/21
6010 Dick Pond Rd. Unit 313 2 2 1,200 $89,900 $86,000 $71 33 days 6/14/21
5409 N Ocean Blvd. Unit 203 2 1 475 $89,900 $87,000 $183 45 days 5/27/21
510 Fairwood Lakes Dr. Unit 20-B 2 2 1,100 $91,000 $88,000 $80 43 days 6/1/21
5786 Dogwood Circle 2 1 900 $89,000 $89,000 $98 79 days 6/11/21
1100 Possum Trot Rd. Unit E337 2 2 975 $95,000 $90,000 $92 130 days 6/18/21
5905 S Kings Hwy. Unit 6310-D 2 2 775 $83,500 $90,000 $116 61 days 6/2/21
1101 2nd Ave. N Unit 801 2 2 950 $96,900 $94,000 $98 40 days 6/1/21
1450-A Blue Tree Ct. Unit A 2 2 1,020 $94,500 $94,500 $92 320 days 6/9/21
1500 Cenith Dr. Unit A-102 2 2 860 $99,900 $96,000 $111 46 days 5/24/21
3015 Old Bryan Dr. Unit 15-3 2 2 1,290 $95,000 $100,000 $77 47 days 6/15/21
510 Fairwood Lakes Unit D13 2 2 1,189 $104,900 $103,000 $86 95 days 5/25/21
6725 Blue Heron Blvd. Unit 106 2 1 840 $103,500 $103,500 $123 46 days 6/8/21
1202 Benna Dr. Unit G 2 1 950 $97,900 $104,000 $109 42 days 5/28/21
1890 Colony Dr. Unit 17 I 2 1 880 $109,900 $105,500 $119 70 days 5/27/21
906 Indian Wells Ct. Unit 906 2 2 1,180 $115,900 $110,000 $93 122 days 5/24/21
504 River Oaks Dr. Unit 57-B 2 2 850 $112,900 $110,000 $129 26 days 5/26/21
525 White River Dr. Unit 20-F 2 2 896 $111,000 $111,000 $123 51 days 6/3/21
800 Crumpet Ct. Unit 1128 2 2 1,050 $114,900 $112,000 $106 41 days 5/27/21
1890 Auburn Ln. Unit 31A 2 2 940 $114,900 $114,900 $122 40 days 5/25/21
Average: 3.1 2.3 2,138 $333,751 $329,937 $159 101 days
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Viewing 1 - 25 of 1065

Provided courtesy of The Coastal Carolinas Association of REALTORS®. Information Deemed Reliable but Not Guaranteed. Copyright 2021 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.