Very Interesting Numbers Last Month... Where are we heading?

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We have some shocking numbers for you today! The market is all over the place, but thankfully, I have some numbers that bode well for the future of real estate in our area.

Single-family home sales are up 1.8% compared to this time last year. They’re also up 17.7% year to date. It’s actually a lot lower than where most people thought it would be.

Recently, the Sun News reported the TRID affected this course of events last month. This new regulation slowed down the mortgage process, so a lot of October’s closings got pushed into this month. The last two weeks have been incredibly busy as a result!

Residential sales above $300,000 increased by 24.8%. Residential sales between $200,00 and $300,000 increased by 23.8%. We’ve seen sales rise in both markets recently and we couldn’t be more thankful.

Condos increased by 8.3% and 10.4% year to date. Click here to view a full report.

An important thing to keep in mind from last mind was the overall median sales price. It increased by 10%! That’s the biggest jump we've seen since the housing recovery started. It hasn’t been in the double digits for long.

If you’re thinking about buying or selling a home, regardless of your price range, give us a call! We need inventory. We need buyers. We can give numbers and dig deeper into them with you in person if you're interest.

We look forward to hearing from you soon!

The Latest Numbers for the Myrtle Beach Real Estate Market

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Today, we're here with your Myrtle Beach real estate market update.

The market is going strong. Closed sales for single-family homes are up 16.8% from last year, and condo sales are up 9.8%. This is great news, but the biggest indicator for the future of the market is the number of pending sales. For single-family homes, pending sales are up 18.7%. Pending sales for condos are up 15.5%.

Based on this information, we predict prices will rise. Inventory has decreased 6.6% for single-family homes and 9.9% for condos. Demand is high and inventory is low. This helps to drive prices up. Even now, single-family homes saw an increase of 7.5% in median sales price. The median sales price is currently $202,000. Condos also saw an increase of 2.6%, making the median sales price $120,000.

While higher sales prices means good news for sellers, we need more inventory. If you've been thinking about selling your home, or if you have any questions about today's video, give us a call or send us an email. We would be happy to help you!

Click here to read the full monthly indicators report!

Click here to read the housing supply overview!

The Latest Numbers from the Myrtle Beach Real Estate Market

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Today, we're here with a Myrtle Beach real estate market update. All three areas - single-family homes, condos, and lots - are up in price. That is great news for sellers!

Single-family home sales went up 11% year over year. Median sales prices also went up 5.4%. That means you can sell your home for more than you paid for it.

On the other hand, condo sales are down 3%. Inventory was low, and so sales decreased, but the median sales price still rose 3.6%.

Lot sales are up over 21%. For a long time, the new construction industry was struggling with inventory. When the inventory opened up, the lots sold very quickly.

If you're considering selling, be sure to check the trends in your local market. These numbers are for the market overall, and homes are appreciating more in some areas than others.

Interest rates are still low, so it's a great time to buy or sell. If you have any questions, give me a call or send me an email. I look forward to hearing from you!

What Does Low Inventory Mean for the Value of Your Myrtle Beach Home?

I just got some fantastic news regarding the Myrtle Beach real estate market!

Is Myrtle Beach in a Buyer's or Seller's Market?

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Selling Your Myrtle Beach home? Get a free Home Price Evaluation

Today we're here with a quick market update. These last couple months have been record-breaking for us.

So far this year, single-family home sales are up 16.6%. The median price this year is $203,000, which is up 3.7% from last year's median price. This year, the list to sales price ratio is at 95%.

Condos have also had explosive growth this year. Sales are up 11.7%, and prices are up 2.5%, with a median price of $120,000.

Long story short, there is awesome growth in sales of homes and condos. Our market is hot right now. Our biggest challenge is finding inventory. If you've been thinking about selling, your home may be worth more than you think in today's market.

If you have any questions about selling your home, or about real estate in general, give me a call or send me an email. We'd love to hear from you!

Where Is the Myrtle Beach Real Estate Market Heading?

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It's time once again for another Myrtle Beach market update, and there is a lot that I need to let you know about.

We're seeing double-digit growth in both condo sales and home sales. Single-family home sales are up 10% and the median sale price is up 16.2%! That is a HUGE price increase.

Condo sales are on the rise as well, as sales are up 13.5% and median sales price has risen by 7%!

As far as lots go, inventory is down a little bit and sales have slowed slightly. However, prices have risen by 11%.

This is all great news for our market, but we are in need of inventory. 

If you or anyone you know has thought about selling, now is the time to make your move!

We have spoken with a lot of clients who are from out of town and are now looking to buy because their kids are out of school and they're ready to move. If you're on the fence about buying, just remember that values have risen by 16% since last year, so you can reap the rewards of that in a sale.

Give us a call or shoot us a quick email if you have any interest in taking advantage of this fantastic market. We would love to help you sell quickly and for top dollar!

Why Is Now the Time to Make Your Move in Myrtle Beach?

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Brand new numbers are in for the Myrtle Beach real estate market and I think you'll like what you see! 

Residential sales in our area are relatively flat, but condo sales have soared this year when comparing April of this year to April of last year. They've risen 21%, a massive increase! 

If you look at year-to-date sales for residential homes, they have actually fallen by 3% in April, but you'll see they've risen 12% in comparison to last year. Median home prices are relatively flat, but the median home sales price is currently sitting at $188,000 for the Myrtle Beach area. Inventory has also risen by 7%, and distressed home sales have fallen by 3% since last year.

On the other hand, condo sales are up 10% year to date. This is all very good news for homeowners and condo owners in our area. However, the inventory of condos has dropped by 6% since last year, but the median sales price increased by 2.7% and now sits at $115,000. 

New home sales are about 31% right now, which means around 70% of sales are resale homes. If you've been thinking about selling your home, now is the time to contact us. We can get you an instant valuation on your property and hook you up with one of the 14,000 active buyers browsing our sites right now. Residential lot sales were up 7.7% in April after a few slow months of growth. Median sales prices declined 16% year to date, while sold-to-list price ratios were up 100 basis points for the month and down 100 basis points year to date.

If you would like a more detailed analysis of market conditions, or if you need real estate assistance of any kind, don't hesitate to reach out to us directly via phone or email. We are always available to help make your real estate experience a whole lot easier! 

What Do Hot Myrtle Beach Market Conditions Mean for You?

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 Hello, and welcome back! We just finished the first quarter of 2015, so we have some exciting numbers to share with you today! Let's take a look at where we're at compared to the first quarter of 2014:

• Single-family home sales increased 5.2% in the first quarter of 2015, an overall activity increase of 13% since last year.
• Median sales price is up 3.7% year over year.
• Average list to sale price ratio is 95%, up 200 basis points from where it was last year.
• Condo sales increased 10%.

As you can see, our market is extremely hot! Residential lots aren't doing as great as we would like to see, but things appear to be moving in the right direction. If you would like to see a full market report, or if you have any questions about conditions in your area, we would love to hear from you! Give us a call or shoot us an email at any time for the real estate assistance you deserve! 

Our Real Estate Market Is Hot, Hot, Hot!

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Today, we discuss the current state of the Myrtle Beach market and what these great conditions mean for you.

The market is on fire right now! In December it was up around 19%, and in January of 2015 we saw an increase of another 9%! Randy, one of our listing experts, is here today to share what he's seeing in the market right now. 

Just this week, Randy has had five contracts accepted, and has two that are pending. Homes that he's just listed are receiving multiple viewings in a matter of weeks. We've also seen homes go under contract in a matter of a week or two. According to the National Association of Realtors, buyer activity this year is three times higher than last! 

If you're thinking about selling, but are feeling nervous about it, there's really no reason to wait. Working with someone who uses a proven system will get you top dollar for your home. 
 
Give us a call or shoot us an email if you want to work with a team who knows how to get the job done. We're always available to help you get the most from the market!

Myrtle Beach Real Estate Recap for 2014

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)

Today I'm going to give you a quick update on what happened with Myrtle Beach real estate in 2014. There is some really great news for the local marketplace.

• Single-family home sales increased by 18.9% from December 2013 and overall they increased by 9.3% from 2013. 

• What this means for you is that the median home price rose 5.6% to $190,000, which is a very nice amount of appreciation depending on the area that you live in. However, we're still anticipating home values to rise in Myrtle Beach. 

• More great news is that the average list-to-sale price ratio is 94%, and this is the third month in a row where we've gotten numbers like this. This is great news for home sellers. 
• Condominiums stayed more flat in regards to year-over-year statistics. Condo sales increased by 2.5% and condo prices rose by 3.1%.

If you need any more information or if you'd like to contact me about buying or selling homes in Myrtle Beach, please don't hesitate to reach out to me via phone or email.

Thanks!

Watch Us On Shark Tank Tonight!

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)

Tune in to ABC’s Shark Tank tonight at 9:00 PM Eastern to see our own Blake Sloan of the Sloan Realty Group side-by-side with real estate magnate Barbara Corcoran.

Corcoran is Shark Tank’s resident real estate mogul and a prominent self-made multi millionaire.

She is now an exclusive strategic partner with Blake Sloan, and the Sloan Realty Group as the go to real estate experts for the Myrtle Beach & Grand Strand areas.

Sloan’s company, Sloan Realty Group, is a dominant leader in the real estate industry, providing phenomenal service and expertise to a wide base of clientele in Myrtle Beach.

The Sloan Realty Group is one of the most advanced and highly ranked real estate teams in the world. They were ranked by the Wall Street Journal as one of the Top 50 Real Estate Teams In North America, coming in at #43, and #1 in the State Of South Carolina.

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

Corcoran is an iconic figure in the New York real estate scene and nationally known as the real estate contributor to the NBC TODAY show. She has invested in more than two dozen businesses to date on Shark Tank, and has written several well-received books including Shark Tales: How I turned $1,000 into a Billion Dollar Business.