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.

An Update on Our Pandemic-Affected Market

March 2020 represents the first month where our market was affected by the pandemic now gripping the world, but even so, the numbers don’t look horrible. 

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

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

In trying times, we have to take the good with the bad, and our Myrtle Beach market is filled with both right now.

• Resale home sales from last month are down only 2.8% over last year (we honestly expected this to be a lot worse); 484 homes sold this March versus 498 in March 2019
• Prices are up 4.3% over last year
• Median sale price right now: $240,000
• Average sale price: $302,000 (up 8.2%)
• Inventory is down 18.5% from last March, with 4.4 months’ supply
• Showings are down 19.6% from last March
• Condos took a hit, decreasing 12.5% from 518 last year to 253 this year
• Median sale price for condos is up 7% at $138,500
• Average condo sale price is up 5.3%

There are two factors that I believe will help keep our Myrtle Beach market insulated. First, the continued low inventory will protect homeowners by holding up prices—at least for the near future (there may be a leveling off of price growth and even a slight dip in prices eventually, but it all depends on the persistence of this pandemic). Secondly, it’s a known fact that second home marketplaces feel the effects of a slowdown first. Luckily, single-family ownership has been the engine of our market for the last several years, so this will act as another barrier against the economic reverberations of COVID-19. Overall, things look very different from the crisis of 2008. Right now, there are still deals going under contract. The week of this recording, one agent on our team, Scott Howard, put four homes under contract by himself, bringing our weekly team total to 11.

Of our 11 closings this past week, three were completely virtual.

In the past seven days, 280 properties have gone under contract for $64,913,608, so yes, there are plenty of people making moves right now. Of course, only the most serious buyers are active in this pandemic-affected market; for all you serious sellers out there, know that these buyers still need inventory! We’re continuing to serve the needs of our clients in ways that ensure the highest level of safety for everyone involved. We’re conducting video conference consultations, virtual reality walk-throughs, and exterior and interior video tours via drone. Of our 11 closings this past week, three were completely virtual, meaning that none of the parties involved met in-person or physically toured the property. If you or someone you know needs to get something sold, make sure you reach out to us. We’ll develop a custom strategy and launch our global marketing blitz complete with professional photos. Even amid this chaos, our team is still pushing hard and doing what we can to get your home sold quickly and for top dollar. With questions or concerns, give us a call or shoot us an email. We’d be happy to hear about your unique situation and help you achieve your goals.

Why Does Gary LeVox of Rascal Flatts Trust Us?

Recently, the Sloan Realty Group was fortunate enough to be endorsed by Gary LeVox of Rascal Flatts!

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

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

Recently, The Sloan Realty Group received a fantastic celebrity endorsement:

PRESS RELEASE

Gary LeVox, lead singer of Rascal Flatts, Endorsement

Myrtle Beach, SC, March 16th, 2017- Blake Sloan of The Sloan Realty Group is now exclusively endorsed in the Myrtle Beach area by the lead singer of the award-winning country music group, Rascal Flatts. One of the group's hit songs, "I'm Moving On," will be featured in radio spots promoting Blake Sloan and the Sloan Realty Group.

The distinctive, country-tinged voice of Gary LeVox is beloved not only among country music fans but also among crossover audiences, including pop and adult contemporary genres.

Among other accolades, LeVox and his bandmates received the Song Of The Year Award from the Academy Of Country Music in 2002 for the song "I'm Moving On." They have had 16 No. 1 songs, and have sold more than 23 million records.

A new Rascal Flatts album, "Back to Us," is scheduled for release on May 19th, and the recordings first single, "Yours If You Want It," has been one of the most added singles on country radio in 2017.

"We are extremely proud to have the endorsement of Gary LeVox, a respected artist who approached his craft with the same heart and passion as we do," said Blake Sloan, Founder and President of The Sloan Realty Group.

Blake Sloan is a Myrtle Beach, SC based Realtor, and entrepreneur, who played football at Coastal Carolina University before getting into real estate, and started his first company, the Sloan Realty Group, in 2008.

Sloan's unmatched marketing and innovation in the real estate world has landed him national attention with recognition such as Forbes Magazine, The Wall Street Journal, Realtor Magazine, NBC, CBS, and many other national publications. Most notably Forbes Magazine’s Top 30 Under 30 in the same class as Eric Trump, Taylor Swift, Drake, and many other thought leaders his age.

Industry leaders have dubbed him the “Real Estate Whiz Kid,” his real estate team is consistently ranked in the Top 1% of Realtors worldwide.

He is a frequent contributor on Fox News’ “Fox and Friends,” and is also personally endorsed by national celebrities Sean Hannity, Glenn Beck, and Shark Tank’s Barbara Corcoran.

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!

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!

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.

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!