Myrtle Beach Real Estate Video Blog with Blake Sloan

Where's the Market Heading and What Does It Mean for You?

There are many great Myrtle Beach area homes for sale. Click here to perform a full home search using the most advanced search tool on the web. If you're thinking of selling your home, click here for a FREE Home Price Evaluation so you know what buyers will pay for your home in today's market. You may also call me at (843) 222-9265 for a FREE home buying or selling consultation to answer any of your real estate questions. (We have over 10,000 active buyers searching our website for homes right now)

The November numbers are in! It's time to take a look at current market conditions here in Myrtle Beach and figure out what they mean for you!

Single-family home sales remain very strong, and are outperforming the numbers we saw in 2013. Year to date, single-family home sales are up 7.5%! When looking at prices, this last November saw prices rise 4% year over year and 5.6% year to date.

Condo sales are just under what they were last year, but the great news is that prices are up year to year. The year to date median price is 3.2% higher this year than 2014. The average list-to-sales ratio for single-family homes is at 94% and has remained steady over the last few months.

These are all pretty great signs for our market. It's not BOOMING, but it's steady and healthy. Many of you are probably wondering what these conditions really mean. We think it would be wise to take advantage of this healthy market. While there are fewer buyers out there, they are of a better quality than buyers in the spring. In fact, we had one of our experts write full contracts in a single day last week.

Bottom line: sales are up and the real estate market remains active here in Myrtle Beach. We're always looking for inventory, so don't hesitate to give us a call if you or someone else you know is thinking about selling. We're proud to be your go-to real estate resource in the Myrtle Beach area.

We look forward to seeing you soon!

Blake Sloan On Fox News Weighing In On National Real Estate And Interest Rates

If you're thinking of selling your home, click here for a FREE Home Price Evaluation so you know what buyers will pay for your home in today's market. You may also call me at (843) 222-9265 for a FREE home buying or selling consultation to answer any of your real estate questions.

Right now, there are many great opportunities out there for first-time buyers, with rates at a 16-month low at just under 4%. The most mismanaged variable in the buying process is usually the interest rate; people spend so much time worrying about the price of the home that they don't realize how much it costs them on the back end when they fail to lock in a low interest rate.

Let's say you're 30 years old and you find your dream home for $250,000 and are able to finance it at 4%. Your monthly payment will be around $1,200. If you wait a year, prices and interest rates will likely rise; let's say rates jump to 5.2% - the same house is now $1,500 a month. While it's only $10 a day more, over the 30-year life of the loan you will end up costing yourself $100,000 extra that could have gone toward other investments or retirement.

The 30-year loan is the safest bet. As a new homeowner, you're not exactly sure what the future holds. With a 30-year down payment, you have the option to pay it down early and put extra money toward your principal. With rates as low as they are, it's a pretty ideal time to be a first-time homeowner.

If you have any questions about the many great opportunities available in this market and how you can make the most of the buying experience, give us a call or shoot us an email. We'll give you the help you deserve and get you the best deal possible!

Your Expert Advantage™ Myrtle Beach Market Snapshot

We had a great September in comparison to what we saw last year. Single family home sales are up 4.6% compared to last year. The median sales price is up 5.6% over September of last year and the sale-to-list-price ratio is 95% for the entire MLS. In fact, it's been over 90% for the past 24 months now, which is great for buyers and sellers. We are, however, seeing the market turn towards one that favors sellers.

The condo market has seen a 2.2% decline in sales, while single-family home sales have dropped 6.1%. We've seen a major drop in distressed inventory - distressed condo sales dropped 43.5%, which has cushioned the value of condos, as the median sales price has risen 1.8%. For residential properties, distressed sales have dropped 19.7%, with a jump in the value of lots of 11.1%.

What this means is we have a very healthy market right now. More traditional home sales are happening than at this time last year, which is great news for buyers and sellers alike. If you're interested, you can check out the full report here.

If you have any questions about the Myrtle Beach market, we're always available to chat. Give me a call or shoot me an email for the real estate assistance you deserve!

Your Expert Advantage™ Market Update

There are many great Myrtle Beach area homes for sale. Click here to perform a full home search using the most advanced search tool on the web, or if you're thinking of selling your home, click here for a FREE Home Price Evaluation so you know what buyers will pay for your home in today's market. You may also call me at (843) 222-9265 for a FREE home buying or selling consultation to answer any of your real estate questions.

We've seen some interesting activity here in Myrtle Beach over the last 12 months. Overall, sales are down 10% compared to August of last year, but it's important to remember that last August was a record breaking month. Single-family home sales are up 4.7% year-to-date, while inventory is up 8.3%.

Comparing last month's sales to last year, condo sales are really lagging behind. Sales are down 6.7% over August of last year and the median price has fallen slightly, to $110,000. The good news, however, is that distressed sales are down 50%, meaning prices have been insulated.

The list-to-sales price average is up, with a 12-month rolling average around 97%. Additionally, home sales over $300,000 are up 20% for the 12-month rolling average. This is pretty great news for our Myrtle Beach market, as inventory continues to move.

Our primary focus right now is obtaining more inventory. If you or anyone you know is thinking about selling a home, don't hesitate to give us a call. We're getting some properties sold within 48 hours, so reach out to us if you want to achieve your selling goals today!

Expert Advantage™ Radio Show With Blake Sloan

Call Us At: 843-808-7653 (SOLD)
WE HAVE A BRAND NEW SHOW THIS WEEK!

MASSIVE AMOUNT OF INFORMATION FOR BOTH BUYERS & HOME SELLERS:

-WE HAVE THE NEWEST MARKET NUMBERS FOR LAST MONTH.. AND SOME GREAT NEWS FOR THE REAL ESTATE MARKET HERE IN THE MYRTLE BEACH AREA.

- WE ARE GOING TO TALK ABOUT WHERE THE INDUSTRIES TOP EXPERTS ARE PREDICTING WE WILL BE GOING IN THE NEXT 5 YEARS IN REGARDS TO HOME PRICES.

-WE ARE GOING TO TALK ABOUT SOME HAPPY CLIENTS WHO JUST SHOT TESTIMONIALS WITH US FOR MYRTLE BEACH REAL ESTATE

-THE TOP 5 BUYER MISTAKES MADE WHEN BUYING A HOME..

- WE ARE HIRING.. IN BOTH THE SALES AND ADMINISTRATIVE AREAS.. SO MUCH GROWTH, WE NEED MORE TOP NOTCH TALENT TO EXECUTE AT THE LEVEL OF EXCELLENCE WE REQUIRE.

- And of course.. The usual.. Have some SMOKING HOT DEALS FOR YOU ALL, and show you where you can get VIP access to the hottest new listings.

The Best Team in Real Estate Just Got Better

Our new Phantom 2 Vision Plus is the best real estate marketing tool out there, and we were the first team in Myrtle Beach who started using this type of drone technology (as a standard) to help our home sellers. This tool allows them to showcase their homes in a way that allows causes them to sell faster and for more money than traditional methods. We started using our first remote controlled drone back in 2011, but only used it on very high end homes becauseit was very time consuming and difficult to fly. Our new GPS-enabled drone with a sophisticated camera gimbal and stabilizer allows us to quickly and easily film and share breath taking video in High Definition 1080P quality.

All the great aspects of your home that were difficult to capture before can now be seen in beautiful HD. Because it can get hundreds of feet in the air, potential buyers will be able to get a better feel for the neighborhood, as well as the wonderful views your home affords. If you have a luxury home, marketing it with cutting-edge technology is a must if you want to get top dollar.

As always, give us a call or shoot us an email with all your real estate needs. We would love to use our resources to make your buying or selling experience a success!

Interested in using our Drone to market your home? Watch an example here!

Myrtle Beach Midyear Market Update

We have seen a lot of interesting market trends since this time last year. Here are the notable changes you should be aware of:

Single-family homes are surging back. Sales are up 11.5% since last year.

Distressed inventory is 23.8%, which is good for traditional sellers because it will increase your competitiveness in the market. It's also good for the recovery of our market because having fewer distressed sales will help stabilize the market.

Median sale price of single-family homes is strong at $193,929, a 5.1% increase since last year.

Condo sales, on the other hand, are still weak. Sales are down 2.4% since last year.

But there is some good news for condo owners, as the median sale price is up 3.7%.

Quick tip: recently we've seen a surge in the sale of high-end/luxury homes. A lot of people who were on the sidelines before have entered the market, with sales up 23.7% over the last 12 months. This is one of the hottest parts of the market right now, so now may be the time to act.

If you have any further questions about market trends or need a hand with the buying or selling process, don't hesitate to give us a call or shoot us an email. We have the resources to make your real estate experience successful.

How we helped Marty buy a home by making sure to find exactly what he wanted

We worked with Mike from the Sloan Realty Group and he was just great. He really went above and beyond for us. When we weren’t even sure what we wanted, he took us and showed us 35-40 different homes until we found what we wanted. He really did everything he could to find what we were looking for.

-Marty Rizzo, Home Buyer

What You Need to Know About the Ongoing Reassessments

Horry County is currently doing a reassessment of home values. Today we'll talk about what you need to know about the process and what it might mean for you. There's a chance an assessor may increase the value of your property this year. If this happens, you'll get a letter in late August letting you know that your property taxes are going to increase based on that value. If your home goes down in value, you won't get any notification at all.

Even if your home is assessed and there is no change in taxable value, you may receive a letter a letter informing you of a higher tax bill because others properties around you decreased in taxable value. This redistribution of the tax burden may hurt your wallet even if your home hasn't gained value.

Luckily, there is something you can do about it. If you don't want to pay more money for the same home value or if you think that the assessment of your property was unfair, you can take steps to dispute it. Click here to see how you can question the value of your home and find out exactly what you need to do to successfully challenge it. As always, you can come to us with any questions about the reassessment for expert advice on how to handle it. We would love to help you out.

Myrtle Beach Real Estate Market Statistics for May 2014

There are many great Myrtle Beach area homes for sale. Click here to perform a full home search, or if you're thinking of selling your home, click here for a FREE Home Price Evaluation so you know what buyers will pay for your home in today's market. You may also call me at (843) 222-9265 for a FREE home buying or selling consultation to answer any of your real estate questions.

A lot of exciting things have been happening lately in the Myrtle Beach real estate market. We have a lot of updated statistics to share with our valued clients that will tell you exactly what the housing market in Myrtle Beach can do for you.

Today we are going to focus on single family and condo home sales. Their sales are lagging a little behind this May compared to May 2013, but their overall sales in 2014 are up by 2.5% this year.

Inventory for single family homes is up 3.6% this year, its highest level since 2010 and Inventory for condos is down by 5.9%. Distressed Inventory, or inventory whose potential to be sold at a normal cost has passed or will soon pass, is down 22.8% from this time last year, which is a great sign for the market recovering.

The median prices for both single family and condo homes are up as well, which is a great sign for sellers. The median single family home prices are up 5% so far this year, while median condo sales are up 2.9%

Overall, the housing market for single family homes and condos is doing great. We haven't seen prices dip too much and the market is great right now for sellers.

If you have any questions at all about the market in Myrtle Beach, please give us a call at (843) 808-SOLD or send an e-mail to VIP@SRGmail.com

FOX News Interview with Blake Sloan and Elisabeth Hasselbeck

Check out my interview on FOX and Friends with the FOX News Channel! In my interview with Elisabeth Hasselbeck, I discuss the challenging status of Millennials and their place in the real estate market. It is no secret that mounting student loan debt and lack of real estate education are among the problems that Millennials are facing. However I wanted to highlight a few of the booming cities for Millennials in the United States!

As always, please do not hesitate to call me at (843) 222-9265 or email me at vip@srgmail.com for any real estate questions.

Sloan Realty Group Reviews Chuck Argenti

When we were looking to buy, Sloan Realty Group happened to be on the corner of where we were living at the time so we saw their store front and popped in. Our Realtor was phenomenal, very accommodating, and he took us everywhere! He was thorough, knowledgeable, and I would definitely recommend him! What really set him apart was his understanding of what we were looking for and minimizing the search area and criteria of what we wanted. He always made sure to point out things that we might not have noticed or thought about looking at. Sloan Realty Group constantly updates their files so they’re the most up to date about places that are available or not available. Sloan Realty Group was excellent, thorough, and very helpful in finding a new home! I would highly recommend them!

THE POWER OF PHOTOS! DSLR VS. WIDE ANGLE DSLR

Part of our Guaranteed Sold System™ is maximizing the exposure of your home online. Nothing is more important than quality photos. Below are some examples of just a standard "DSLR" camera (which less than 15% of realtors even use. As 85% use a simple point and shoot) vs. a wide angle DSLR which less than 1% of Realtors use. Success Is In The Details!

REGULAR DSLR:

WIDE ANGLE:

REGULAR DSLR:

WIDE ANGLE

REGULAR DSLR:

WIDE ANGLE:

CALL US TODAY TO MAXIMIZE THE EXPOSURE OF YOUR HOME, AND TO SELL FAST AND FOR TOP DOLLAR! 843-808-SOLD!

Myrtle Beach Real Estate Update for April 2014

There are many great Myrtle Beach area homes for sale. Click here to perform a full home search, or if you're thinking of selling your home, click here for a FREE Home Price Evaluation so you know what buyers will pay for your home in today's market. You may also call me at (843) 222-9265 for a FREE home buying or selling consultation to answer any of your real estate questions.

Myrtle Beach Real Estate Update for April 2014

Our market has seen some ups and downs in the last few months. However, looking at the numbers, I can say that our Myrtle Beach market has rebounded strongly. We ended a 5-month stretch of declining sales, and single-family home sales were up by 13.4% from last year.

Single-Family Residential:

The strong performance is led by year-to-date sales which surpassed 2013 by 5.4%. This is a much better number than what we saw in February or January. Although one month will not make a trend, it will definitely encourage positive news. I foresee people coming to Myrtle Beach to buy up properties, which should help to boost the sale of properties in the area.

Single-family inventory in Myrtle Beach continues its seasonal rise, and it is up by 2.7% over last year's number. Distressed single-family inventory has leveled off and is 23.2% below last year's levels. This means that the median price for single family homes should see an increase. Median sale price is already up 5.6% year-to-date, and as investors buy up the remaining distressed properties, we should see this number rise as well.

Condo Sales:

Condo sales lag behind 2013 a little bit, with sales down 4% from last year, and YTD sales down by 6%. We usually gauge condo sales by what happens with single-family home sales, so this market is a bit behind in recovery compared to the residential home market. Distressed condo properties declined for the 24th straight month and they are 47% below 2013 levels.

This is one of the things we've been seeing lately when there is still a little bit of inventory - like we have in single-family homes - people are still scooping up these properties and fueling those sales.

Residential Lots:

If we look at residential lot sales, they slipped a bit in March, but that was expected because everyone was scrambling to build to match the demand from last year. Those sales are down to 2012 levels and median sales price is still strong. YTD sales are up by 44% in regards to price, so that is a great number.

If we break this all down a bit more and look at April last year to March of this year, we can see that overall sales are up 10% in the entire region. The price range with the biggest gain in sales was for $200K-250K which saw a 25.6% increase in sales. Median sales price is up by 6.2% and is sitting at $148,500.

Our market is stabilizing but we are being cautiously optimistic about everything. Over the weekend we saw an enormous amount of buyers enter the market coming in around Easter. We also have a lot of people relocating or buying investment properties. Single-family homes experienced the largest gain in price over the last 12 months, which increased by 8.8% to $175,000 dollars. Properties under $150K tended to sell the quickest with their average days on market being 154 days. We also have 8.5 months of inventory for single-family homes.

So far, 2014 stats are looking really good here in Myrtle Beach. We're going to have to watch what happens with interest rates, but otherwise we're staying cautiously optimistic.

Contact me with any and all of your Myrtle Beach real estate questions or concerns. I am always glad to provide assistance to you or arrange a time where we could speak.

Mind Blowing Statistics - Myrtle Beach Home Staging

Check Out This Recent Topic On Our Radio Show. We Use An ASP Certified Home Stage In Our Guaranteed Sold System™ To Get Home Sold Faster & For More Money!

Expert Advantage™ Real Estate Radio Show With Blake Sloan - Myrtle Beach Real Estate 3-30-2014

This week's topics include: Myrtle Beach Real Estate

TON OF GREAT INFORMATION FOR BOTH BUYERS & HOME SELLERS:

-FIRST & MOST IMPORTANT THING.. WE WILL HAVE A NEW SHOW TIME STARTING NEXT WEEK FOR OUR SUNDAY SHOW'S!
-WE ARE STILL AT 9:00 AM ON SATURDAY'S
BUT OUR NEW TIME ON SUNDAY'S WILL BE 10:00 AM TO -10:30.
I HAVE BEEN LOBBYING FOR OVER A YEAR NOW TO GET THESE LATER TIMES, AND NOW WE HAVE A GREAT SPOT JUST BEFORE RUSH LIMBAUGH.

-WE HAVE SOME HUGE NEWS FOR HOMEOWNERS REGARDING FLOOD INSURANCE, AND WHAT IT MEANS TO THEM.

- GOING TO SHARE WITH YOU A STORY ON HOW USING A FLAT FEE MLS OR FOR SALE BY OWNER CAN COST YOU $100,000.

- WE HAVE A BUNCH OF BUYER'S WHO ARE LOOKING FOR LUXURY HOMES OVER $300,000! WE WILL TALK A LITTLE BIT ABOUT THAT.

-WE ARE GOING TO TALK ABOUT INTEREST RATES, WHERE WE ARE NOW, AND WHERE WE ARE GOING TO BE GOING FORWARD..

- And of course.. The usual.. Have some SMOKING HOT DEALS FOR YALL, and show you where you can get VIP access to the hottest new listings.

Expansive March 2014 Real Estate Update for Myrtle Beach

There are many great Myrtle Beach area homes for sale. Click here to perform a full home search, or if you're thinking of selling your home, click here for a FREE Home Price Evaluation so you know what buyers will pay for your home in today's market. You may also call me at (843) 222-9265 for a FREE home buying or selling consultation to answer any of your real estate questions.

I have just analyzed the numbers for Myrtle Beach real estate from January and February, and I'm going to give you a short video update for March 2014 on residential properties, condos, and residential lot sales. There three different markets are all important to the overall development of real estate in Myrtle Beach.

Residential Properties

To start, January sales were down by 11% and February sales were down by 4.6% from last year at this time. This was a little concerning, but not if you take into account the fact that we had a record amount of growth last year with sales up by 20% as a whole.
After ten strong months of double digit growth in 2013, sales volume in November and December were flat and 2014 year to date (YTD) sales are 5.1% behind 2013 levels.

Factors contributing to the decline include record-setting 2013 sales, weather, tight inventory in parts of the Grand Strand, and fewer investor sales.

Distressed inventory is also down by 24.3% since last February, but the amount of distressed properties in our inventory has risen slightly in the past two months. Distressed properties now make up 9.7% of all inventory.
On the other hand, the median sales price for single-family residential (SFR) homes has maintained it's value at $185,000.

Also, the median sales price has risen by 6.9% in 2014. We might expect to see a dip in these values as we are working with a seasonal market here in Myrtle Beach.

Condo Properties

A real estate market update for Myrtle Beach would not be complete without a report on condo sales. We're off to a slow start in this sector as YTD sales are down 10.5% from prior years.
Similar to SFR inventory, condo inventory rose from its January level. Although it is rising, condo inventory is still 1.1% below its February 2013 level, which makes it the lowest level ever seen in February.
Distressed condo inventory declined for the 23^rd straight month and is 48.8% below its February 2013 level.

This inventory represents 7.2% of all condo listings.

Although slipping in February, the YTD median sales price is flat to 2013 at $105,750.

The decline in February is attributed to more cash buyers and lower sales prices on non-distressed condos. We're going to keep a close eye on this market and hope that it can stabilize as we head into 2014. However, we think that investors will be confident about these properties and we might see some stability soon.

Residential Lots

Residential lots sales activity grew at 15.7% in February compared to 2013.

YTD, residential lot sales are up 7.7%.

The median sales price of residential lots was $45,000, which is a 40.8% growth over 2013.

The improvement in the residential lot sales price was driven by fewer distressed lot sales.

We keep a constant eye on the market here in Myrtle Beach, and I hope all this information has been beneficial to you. If you'd like any more information from me or my team, then please do not hesitate to call me at (843) 222-9265 or email me at vip@srgmail.com

Expert Advantage™ Real Estate Radio Show With Blake Sloan - Myrtle Beach Real Estate 3-17-2014

CALL US AT: 843-808-7653 (SOLD)

This week's topics include:
A TON OF GREAT INFORMATION FOR BOTH BUYERS & HOME SELLERS:

-WE HAVE THE MOST RECENT MARKET NUMBERS FROM FEBRUARY & THEY ARE SURPRISING TO SOME! ACTUALLY HAD A LITTLE DIP OVER THE LAST FEW MONTHS! GOING TO TALK ABOUT WHY THAT IS, AND WHAT TO LOOK OUT FOR.

- GOING TO TALK ABOUT THE IMPORTANCE OF WORKING WITH THE BEST REAL ESTATE AGENT'S AND TELL A FEW HORROR STORIES WHERE NOT HAVING SOMEONE WHO IS A TRUE EXPERT CAN COST YOU YOUR DREAM HOME, OR THOUSANDS OF DOLLARS.. AND PROBABLY BOTH.

- WE HAVE A BUNCH OF BUYER'S WHO ARE LOOKING FOR LUXURY HOMES OVER $300,000! WE WILL TALK A LITTLE BIT ABOUT THAT.

-ONE THING REALLY ON MY HEART.. IS IF YOU KNOW SOMEONE WHO MAY BE IN TROUBLE WITH THEIR MORTGAGE.. CALL ME... OR HAVE THEM CALL ME.... WE CAN HELP THEM! WE HAVE A LOSS MITIGATION COMPANY THAT NEGOTIATES WITH THE BANKS TO GET THEM TO ACCEPT LESS THAN IS OWED, AND YOU ARE ABLE TO WALK AWAY IN MOST CASES WITH THAT DEBT FORGIVEN..
THERE WERE 131 PROPERTIES THAT WENT TO THE FORECLOSURE SALE LAST MONTH JUST IN HORRY COUNTY.. IT BLOWS MY MIND, AS IF WE COULD HAVE JUST GOTTEN IN TOUCH WITH THESE PEOPLE, WE COULD HAVE HELPED STOP IT, AND GET THEM OUT OF IT..

Expert Advantage™ Real Estate Radio Show With Blake Sloan - Myrtle Beach Real Estate 2-28-2014

THIS WEEK'S SHOW IS UP WITH SOME GREAT INFO FOR BUYER'S AND SELLERS!

GIVE US A CALL ANYTIME: 843-808-SOLD (7653)

This week's topics include:
BLAKE: TON OF GREAT INFORMATION FOR BOTH BUYERS & HOME SELLERS:

-WE HAVE THE MOST RECENT MARKET NUMBERS FROM LAST MONTH & THEY ARE KINDA SCARY! ACTUALLY HAD A LITTLE DIP OVER THE LAST FEW MONTHS! GOING TO TALK ABOUT WHY THAT IS, AND WHAT TO LOOK OUT FOR.

- GOING TO TALK ABOUT THE IMPORTANCE OF HAVING EXPERT VENDORS DURING THE PROCESS, AND HOW NOT HAVING ONE COST ONE LADY $100,000 AFTER SHE PURCHASED HER HOME.

- WE HAVE A BUNCH OF BUYER'S WHO ARE LOOKING FOR LUXURY HOMES OVER $300,000! WE WILL TALK A LITTLE BIT ABOUT THAT.

-WE HAVE SOME INTERESTING NEWS IN THE MORTGAGE WORLD PAST COUPLE OF WEEKS.. GOING TO DISCUSS THAT, AND WHERE WE ARE GOING FORWARD..

-ONE THING REALLY ON MY HEART.. IS IF YOU KNOW SOMEONE WHO MAY BE IN TROUBLE WITH THEIR MORTGAGE.. CALL ME... OR HAVE THEM CALL ME.... WE CAN HELP THEM! WE HAVE A LOSS MITIGATION COMPANY THAT NEGOTIATES WITH THE BANKS TO GET THEM TO ACCEPT LESS THAN IS OWED, AND YOU ARE ABLE TO WALK AWAY IN MOST CASES WITH THAT DEBT FORGIVEN..

- And of course.. The usual.. Have some SMOKING HOT DEALS FOR YOU ALL, and show you where you can get VIP access to the hottest new listings.

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CALL FOR MORE INFORMATION: 843-222-9265

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Myrtle Beach Real Estate Report for 2013 and Predictions for 2014

Hello everyone and welcome to my new Myrtle Beach video blog where I'll be updating you on the Myrtle Beach real estate market and also giving tips and pertinent information to you. For the first installment of this video blog, I'm going to be recapping what happened in 2013 and also making some predictions about 2014.

Expect Sustainable Growth in Myrtle Beach for 2014:

2013 was a record-breaking year: Residential sales skyrocketed by 19.5% and condo sales rose an astounding 15.2% while median home prices escalated by 6.5% and median condo prices went up by 4.8%. This was a nice, steady growth, as opposed to overwhelming and unsustainable growth.
Expect continued growth in 2014: Our growth should remain steady and sustainable this year. Expect most growth to take place in the spring when the market heats up. Distressed inventory is also down by 31%, so there is much less competition out there for traditional sellers. Also, people who were underwater before are now able to sell because they have the equity to do so.
Interest rates: There has been lots of speculation surrounding interest rates, which are expected to rise to 5.5% from our current 4.3%. This is often an uncontrollable variable when buying a home, so buying sooner rather than later could help buyers.

Overall, we can expect strong growth in the spring and summer, but nothing that would burst our bubble. Sales and prices should continue to rise throughout the year, but they should still be staying in the single digits.
If you have any questions or comments, call me at (843) 222-9265 or email me at vip@srgmail.com

Thanks for tuning in. I'll be seeing you again soon.

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About Blake

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The Blake Sloan Team is one of the most advanced and highly ranked real estate teams in the world. They were recently ranked by the Wall Street Journal as one of the Top 50 Real Estate Teams In North America, coming in at #37, and #1 in the State Of South Carolina.

Blake Sloan's unmatched marketing and innovation in the real estate world has landed him national attention with recognition such as "Forbes Magazine Top 30 Under 30", Real Estate Magazine's Top 30 Under 30, and has been featured in both national and local news outlets like NBC, Fox, and others.

Blake Sloan
Sloan Realty Group Inc.

3120 Waccamaw Blvd Suite C
Myrtle Beach, SC 29579

843-222-9265
VIP@SRGmail.com
www.SloanRealtyGroup.net

What our clients have to say

"AMAZING EXPERIENCE!!!! We had the absolute best experience with the Blake Sloan Team when selling our home. This group of people are hands down the most professional and knowledgeable real estate agents in town. They are master negotiators and give so much to their clients. They went over and above every step of the way. Five Stars for the Blake Sloan Team! We highly recommend them!"

• • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • •

"We just closed on the sale of our home last week. Blake Sloan was exceptional as an agent. He is the most knowledgeable, professional business person I have ever met. He will go to bat for his clients, like he did with us. If it was not for him we would not have sold our home within our time frame."

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