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