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 W411 2 2 880 $69,000 $78 12 days
5001 Little River Rd. Unit W319 2 2 1,030 $71,900 $69 51 days
5001 Little River Rd. Unit E401 2 2 1,008 $75,000 $74 33 days
5001 Little River Rd. Unit W-301 2 2 1,030 $79,000 $76 63 days
111 Cambridge Circle Unit F-6 2 2 1,025 $94,000 $91 21 days
1301 Pridgen Rd. Unit 806 2 2 964 $110,000 $114 36 days
1100 Possum Trot Rd. Unit F311 2 2 973 $115,000 $118 89 days
209 Ranchette Circle Unit Unit B 2 2 950 $118,900 $125 21 days
1524 S Ocean Blvd. Unit 25 2 1 598 $119,000 $198 0 days
6107 Sweetwater Blvd. Unit 6107 2 2 711 $119,900 $168 117 days
1100 Possum Trot Rd. Unit H358 2 2 1,150 $119,900 $104 48 days
855 Tall Oaks Ct. Unit C 2 2 920 $122,000 $132 23 days
2000 Greens Blvd. Unit 31A 3 2 1,220 $124,900 $102 90 days
1203 Tiffany Ln. Unit 3-A 2 2 870 $126,000 $144 163 days
2498 Coastline Ct. Unit 301 2 2 1,050 $129,500 $123 12 days
305 Resort Dr. Unit 1-A 3 2 960 $129,900 $135 53 days
808 65th Ave. N Unit 11 2 1 1,120 $129,900 $115 32 days
3015 Old Bryan Dr. Unit 9-5 2 2 1,200 $129,900 $108 5 days
500 Fairway Village Dr. Unit 4P 2 2 966 $132,900 $137 36 days
4115 Little River Rd. Unit 1D 2 1 986 $133,000 $134 6 days
1298 River Oaks Dr. Unit H5 2 2 915 $139,000 $151 25 days
5409 N Ocean Blvd. N Unit 202 2 1 555 $139,900 $252 53 days
4115 Little River Rd. Unit 9F 2 1 1,000 $139,900 $139 22 days
541 White River Dr. Unit 16-I 2 2 896 $140,000 $156 21 days
2269 Essex Dr. Unit L 2 2 1,100 $142,000 $129 0 days
Average: 3.4 2.6 2,547 $529,409 $209 81 days
Viewing 1 - 25 of 1029
Viewing 1 - 25 of 1029
Properties Under Contract
Address Beds Baths Living ft2 List Price Cost per ft2 DOM
5001 Little River Rd. Unit E-308 2 2 910 $59,000 $64 138 days
5001 Little River Rd. Unit W102 2 2 1,008 $69,900 $69 109 days
8031 Long Needle Ct. 3 2 1,657 $70,000 $42 55 days
2005 Greens Blvd. Unit F-403 2 2 801 $79,900 $99 83 days
2005 Greens Blvd. Unit A-106 2 2 850 $79,900 $94 19 days
1703 Fawn Vista Dr. N Unit L-3 2 1 1,084 $94,850 $87 54 days
510 Fairwood Lakes Dr. Unit 18-P 2 2 1,161 $97,900 $84 27 days
3015 Old Bryan Dr. Unit 4-7 2 1 1,185 $98,000 $82 436 days
6702 Jefferson Pl. Unit A-5 2 1 1,100 $99,000 $90 41 days
318 Waccamaw Village Dr. Unit 1-C 2 1 1,020 $99,500 $97 47 days
306 Cedar St. Unit 16 2 1 977 $99,900 $102 6 days
203 Double Eagle Dr. Unit D-2 2 2 1,137 $99,999 $87 21 days
106 Horizon River Dr. Unit 6J 2 2 912 $100,000 $109 35 days
1825 Crooked Pine Dr. Unit E-6 2 1 1,332 $104,900 $78 135 days
2210 D Andover Dr. Unit D 3 2 1,300 $104,900 $80 2 days
1101 2nd Ave. N Unit 2202 2 2 952 $105,000 $110 93 days
101 Westhaven Dr. Unit H 3 2 1,350 $105,000 $77 15 days
3690 Claypond Village Ln. Unit 6 2 2 9,997 $107,900 $10 78 days
6734 Blue Heron Blvd. Unit 102 2 1 810 $109,000 $134 51 days
4845 Meadowsweet Dr. Unit 1401 3 2 1,600 $110,000 $68 310 days
152 Ranchette Circle 3 2 1,056 $110,000 $104 49 days
860 Tall Oaks Ct. Unit C 2 2 1,025 $110,000 $107 33 days
1101 2nd Ave. N Unit 1804 2 2 950 $110,000 $115 13 days
1301 Pridgen Rd. Unit #1103 2 2 924 $114,900 $124 84 days
217 N Myrtle St. Unit 2 2 1 1,024 $115,000 $112 34 days
Average: 3.2 2.4 2,331 $381,866 $171 97 days
Viewing 1 - 25 of 2297
Viewing 1 - 25 of 2297
Sold Properties
Address Beds Baths Living ft2 List Price Sold Price Cost per ft2 DOM Sold Date
5001 Little River Rd. Unit E-207 2 2 910 $64,000 $55,000 $60 177 days 8/27/21
5001 Little River Rd. Unit E-108 2 2 880 $69,900 $69,000 $78 60 days 8/27/21
2005 Greens Blvd. Unit E-403 2 2 850 $73,000 $73,000 $85 109 days 9/3/21
801 Burcale Rd. Unit H-2 2 2 1,064 $79,900 $76,000 $71 0 days 9/1/21
2005 Greens Blvd. Unit A-308 2 2 850 $79,900 $78,000 $91 46 days 8/24/21
502 Oak Circle Dr. Unit C6 2 2 962 $80,000 $79,000 $82 32 days 9/7/21
755 Burcale Rd. Unit J-6 2 2 1,064 $72,000 $82,000 $77 27 days 9/7/21
533 White River Dr. Unit 18D 2 2 900 $85,000 $82,000 $91 0 days 9/2/21
2005 Greens Blvd. Unit A-405 2 2 900 $88,000 $90,000 $100 30 days 8/26/21
5905 S Kings Hwy. Unit 5102 2 2 780 $84,500 $90,000 $115 32 days 9/7/21
2000 Greens Blvd. Unit 38 B 3 2 1,190 $94,900 $102,000 $85 38 days 9/9/21
3672 Claypond Village Ln. Unit 1 2 2 1,100 $107,500 $107,500 $97 191 days 9/20/21
1603 Fawn Vista Dr. N Unit 2A3 2 1 915 $119,900 $108,000 $118 39 days 8/31/21
129 Ashley Park Dr. Unit 7A 3 2 1,315 $109,900 $110,000 $83 46 days 9/10/21
1301 Pridgen Rd. Unit 1208 2 2 914 $125,000 $114,000 $124 44 days 9/10/21
1301 Pridgen Rd. Unit 1308 2 2 914 $114,900 $117,000 $128 47 days 8/31/21
3015 Old Bryan Dr. Unit 16-6 2 2 1,029 $119,900 $119,900 $116 43 days 8/25/21
498 River Oaks Dr. Unit F 2 2 900 $124,900 $120,000 $133 154 days 9/8/21
830 44th Ave. N Unit A5 2 1 1,150 $120,000 $120,000 $104 127 days 9/10/21
216 Castle Dr. Unit 1394 2 2 1,100 $125,000 $120,000 $109 103 days 9/20/21
1200 5th Ave. N Unit 1105 2 2 1,155 $123,900 $120,000 $103 57 days 9/1/21
1101 Possum Trot Rd. Unit A304 2 2 960 $125,000 $120,000 $125 49 days 9/9/21
2050 Cross Gate Blvd. Unit 105 2 2 1,020 $115,000 $120,000 $117 17 days 9/17/21
3015 Old Bryan Dr. Unit 16-7 2 2 1,029 $119,900 $124,900 $121 47 days 9/1/21
484 River Oaks Dr. Unit 62-C 2 2 790 $129,900 $125,000 $158 71 days 9/7/21
Average: 3.1 2.3 2,110 $354,569 $351,302 $171 85 days
Viewing 1 - 25 of 913
Viewing 1 - 25 of 913

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.