Myrtle Beach Midyear 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 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

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.

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.