I just got some fantastic news regarding the Myrtle Beach real estate market!
What Does Low Inventory Mean for the Value of Your Myrtle Beach Home?
Looking for a Myrtle Beach home? Click here for a full home search
Selling Your Myrtle Beach home? Get a free Home Price Evaluation
I just got some fantastic news regarding the Myrtle Beach real estate market! Here are the latest numbers for Myrtle Beach:
- Single-family home sales are up 11% over this month last year and prices have climbed a solid 3.2%.
- Although condo sales are down 7.2%, prices have risen 12.3%.
- Condo inventory is down.
- SFR sales have increased 11.8%, compared to the same month in 2014, and are up 17.5% year to date compared to 2014.
- Residential lot sales are up 2.3%, bringing overall sales up roughly 5.5% year to date compared to 2014.
- Median sales price dipped slightly to $43,500 from $44,000
- Sold to list ratios were up 300 basis points for the month and flat year to date
We've seen month over month increases in sales for both condos and homes. Anyone out there thinking about selling would be wise to act soon; we have 15,000 buyers searching our site every single day looking for the perfect home.
Long story short: there are plenty of opportunities out there to get top dollar for your home!
To see the Grand Strand market report for July, click here!
To see the Grand Strand market report for July, click here!
If you would like a more detailed market analysis, or if you're interested in taking advantage of these great selling conditions, don't hesitate to reach out to me. I'm always here to help.
Is Myrtle Beach in a Buyer's or Seller's Market?
Today we're here with a quick market update.
Looking for a Myrtle Beach home? Click here for a full home search
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!
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