The State of our Market: November 2021

Here are the latest numbers for our local real estate market.

Today I have the brand-new market numbers for you. They are very interesting,

to say the least. We had our first double-digit decline, which is not the news I like

to give, but I want to keep you updated on the market. That being said, let’s take

a look at all of the data. 

Feel free to watch the full message above, or skip to topics that interest you

using the timestamps provided below for your convenience:

0:28 — Single-family homes last month

1:48 — Supply is protecting price right now

2:17 — Condos are doing well

3:08 — Supply is at an all-time low for condos

3:55 — Call us if you’re thinking about selling

4:32 — We have tons of buyers on our website

5:17 — John and Patricia’s success story 

5:57 — Jack and Patricia’s success story

7:02 — Wrapping up

Remember, the agent you choose matters. If you are looking to sell or know someone who is, give us a call. We will get your home sold and maximize your equity.

Myrtle Beach Market Update: October 2021

              

Here are the latest numbers from our local real estate market.

Today I wanted to bring you a quick market update. The most recent numbers

just got released, and they are interesting, to say the least. We’ve had our first

month of declining sales in quite a while. Let’s take a look at the numbers.

You can watch the full message above, or skip around to topics that interest

you using the timestamps provided below for your convenience:

0:24 — The recent decline

1:16 — Prices are flattening a bit

2:04 — A new record in average sales price

2:28 — Our inventory is still super low

3:14 — Showings per listing 

4:26 — Condo sales

5:07 — An all-time low in the supply of condos

5:38 — Strike while the iron is hot

6:37 — David’s success story

I predicted last month that the market would start to slow down a bit, and it looks

like we’ve finally gotten the data to show that. We’ve stayed relatively steady

for a few months, so if you’re looking for the top, this might be it. 

If you have any questions, are looking to buy, or want to sell, feel free to give me

a call. I would love to help.

Virtual Reality Walk-Through Tours in the COVID-19 Era

COVID-19 has changed everything, but virtual reality can help you succeed.

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 I’m unboxing one of the newest technologies that we’re implementing in our business to complement all the others we have that specifically cater to virtual reality home tours in the age of COVID-19. We had been using Matterport in-house, but we recently got a quicker, more consumer-friendly tool: a RICOH camera. This tool is helping our homeowners get more online traffic to their listings so they can attract buyers to their property without them having to see it in person. To learn more about the RICOH camera and how it makes virtual reality home tours simple, watch the short video above.

Real Estate Market Update for March 2020

Where is the Myrtle Beach real estate market? Here are the latest numbers. 

Looking for a Myrtle Beach home? Click here for a Full Home search

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

It’s time for a brand-new market update this spring. February’s numbers are in, so we’re going to compare them to what we saw in 2019.

In January, you’ll remember that we had a 20% increase in the average sale price to go along with a 10% increase in sales. Things aren’t quite that crazy in February, but we still saw some very encouraging numbers. Although sales were up just 2.5% from February 2019, the median price was up 11% to $249,007. I believe one thing driving that average sale price up is the lack of inventory.

Inventory is down 21.2% from where it was last year and we have a record-low 4.2 months of inventory. There are 53,000 active buyers on our website, and there simply aren’t enough homes for them. If you’re thinking about selling, this could be a huge opportunity for you.

Demand and buying power are sky-high.

Condo sales are pretty much flat from last year. They were down 0.9 % from 423 to 419. Prices in this market are still up 9%, though. The median price is right at $135,000. Inventory is down 11.3% for condos, with supply hovering around four months' worth.

In just the past week, we’ve seen interest rates for 30-year mortgage rates hit 50-year lows as a response to the coronavirus. If you're thinking about making a move in 2020, it could be a great time. If you just want to refinance, you could lock a rate in the 2% range. 

There might be some consumer confidence issues in the future, but the window is open right now for home sellers and homebuyers to take advantage of the current demand. Right now, you have a lot of buying power with these low rates.

If you have any questions for me about the real estate market or your personal situation, don’t hesitate to reach out via phone or email today. We look forward to hearing from you.

The Latest Numbers for the Myrtle Beach Real Estate Market

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 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

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 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!

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

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!

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.

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.

Myrtle Beach Luxury Oceanfront Estate - 5102 N Ocean Blvd Myrtle Beach SC

Announcing Myrtle Beach's Most Exclusive Oceanfront Estate - 5102 N Ocean Blvd, Myrtle Beach, SC 29577



CALL FOR MORE INFORMATION:  843-222-9265

World-Class Oceanfront Residence! Once in a rare while will a truly magnificent home such as this be available. Built without compromise, this home reflects only the very best. This gated, oceanfront estate located within the exclusive "Golden Mile" was designed by renowned architect Derrick Mozingo, and brings Santa Monica to Myrtle Beach. The 5 bedroom 6 and 1/2 bath compound delivers the ultimate in luxury living, with pickled hard woods throughout, towering ceilings, incredible lighting, gourmet kitchen, and state of the art technology throughout the home. The estate is located on an enormous lot, and boasts a salt water infinity pool, which can be heated in the winter, and cooled in the summer, it is what success is all about. If you promised yourself the best in life, now you can keep that promise! Owner is selling furnished!