Local Real Estate Market Updates.

In 2011 there have been 36 oceanfront homes that have sold along the Grand Strand. These oceanfront homes have ranged in price from $440,000-$2,450,000. Most of the oceanfront homes that have sold in 2011 were vacation rentals in Garden City Beach and Surfside Beach.  This area continues to be a great area to own vacation rentals that will generate great rental income throughout the year.

The most expensive home that sold in 2011 sold for $2,450,000 in Debordieu just south of Pawleys Island. Debordieu is a gated community with a private golf and tennis club featuring many oceanfront and waterfront properties. This home is a 5 bedroom 5.5 bathroom 5,000 sq/ft oceanfront home with many custom features.

The least expensive oceanfront home…

The Grand Strand is like many of the markets across the country when it comes to the percentage of homes sold that are distressed homes. Below are market statistics taken from the local MLS on June 9, 2010. A majority of the offers we have submitted this year have been on properties that are either foreclosures or short sales. If your agent can help to get a short sale approved there are some really good opportunities to buy oceanfront homes in the Myrtle Beach area at great prices.  

Quick Statistics

• 404 homes sold along the Grand Strand in 2010 were either short sales or foreclosures.

• There have been 1,652 homes sold in 2010 along the Grand Strand. 

• There are currently 6,355 listed along the Grand Strand. 

• Out of the 6,355 homes listed…

Like oceanfront homes in Surfside Beach and Garden City, SC oceanfront condos have seen the same drastic reduction in prices. There are currently 147 oceanfront condos for sale in Surfside Beach and Garden City Beach, with an average list price of $294,750. Of the 147 oceanfront condos for sale, 9 of these condos have pending contracts on them. The most expensive condo listed, is a 3 bedroom 3 bathroom oceanfront condo listed in Surfmaster in Garden City. This oceanfront condo is listed for $760,000. Of the 147 oceanfront condos listed in Surfside Beach and Garden City, 123 of them are listed for less than $400,000. 

How many condos have sold oceanfront in Garden City and Surfside Beach in 2010?

• There have been 21 condos that have sold in Garden City…

Pawleys Island and Litchfield Beach are located just 30 minutes south of the Myrtle Beach Airport. Both of these areas are known for the beautiful beaches, award winning golf courses, fabulous restaurants, and much more. Pawleys Island is known as one of the oldest summer resorts, and continues to attract many of the same families year after year. Both of these areas have continued to see an increase in residential development as more people continue to move to the low country. So how is the real estate market in Litchfield Beach and Pawleys Island?

April and May 2010 has seen a drastic increase in real estate sales and sales volume when comparing to the same months in 2009.  Below are some statistics taken from the MLS that are very encouraging for the…

Like all coastal areas across the country oceanfront homes in Garden City and Surfside Beach, SC have seen a drastic reduction in prices over the last few years. This has created great opportunities for buyers that are interested in oceanfront property as a long term investment or family getaway. Many of these homes are at prices we have not seen in over 10 years.

Just a couple years ago many of these oceanfront homes were selling for more than $3,000,000. Now the same homes that were selling for over $3,000,000 are now selling for $1,500,000-$2,000,000. At Beach Realty we just sold one of the largest and most beautiful oceanfront homes on South Waccamaw Drive in Garden City Beach. This 8 bedroom 8 bathroom oceanfront home sold for $1,925,000. This…

Below is a Real Estate Market Report for the 1st Quarter of 2010. This report is provided by EF Hucks Associates in Pawleys Island. If you are thinking of buying in the Myrtle Beach area, it might be time to jump in as mortgage rates and prices continue to be at historic lows. 

There was better news again this quarter. For the second consecutive quarter, all three Counties have shown percentage increases in the number of units sold compared to the same quarter in the previous year.

The Sun News in Myrtle Beach released an article on the front page of Tuesdays newpaper that talked about the upswing in home and condo sales in March 2010 compared to March 2009. In all areas along the Grand Strand sales and traffic are on a much needed upswing. Hopefully, this trend continues in the Myrtle Beach Real Estate market. Read the article below from The Sun News. 

Area Realtors see signs pointing toward recovery as the volume of Grand Strand real estate sales seems to be steadily marching upward, even as prices continue to lag.

Single-family home sales were up 14 percent and condominium sales were up 72 percent, when compared to the same month last year, according to data collected from the Multiple Listing Service on Monday.

"It's…

We would like to wish everyone a Happy Easter! Enjoy this wonderful day!

If you are considering buying property in the Myrtle Beach area please call (843) 457-3994 or email us anytime! 

Our blog is updated regularly with local sales activity, new listings, neighborhood information, foreclosure updates, and much more! We recently listed a 4 bedroom 4 bathroom home a block from the ocean overlooking Garden City Marsh. Click Here to read more about this Cypress Cove home and to view listing details. 

We can help you with a variety of property transactions! Some of the properties we have access to include:

• Garden City Oceanfront lot - $700,000
• Surfside Beach and Garden City oceanfront homes - $800,000-$2,000,000+++ Yearly vacation rental income ranging…

This update is not just for Myrtle Beach, but for all areas along the Grand Strand. There are a total of 527 active foreclosures listed on the Multiple Listing Service. Our Multiple Listing service encompasses all areas in Horry and Georgetown County. These listings include all types of properties such as homes, land, lots, condos, townhomes, and commercial real estate. We are starting to see more and more foreclosure properties receiving multiple offers.

Below you will find foreclosures currently listed in each area along the Grand Strand. Click on the area to view details on foreclosures and short sales listed in each area. Listings are updated daily!

Conway foreclosures – 65

Garden City Beach foreclosures– 7

Georgetown foreclosures– 22

Little…

Myrtle Beach January – February 2010 Real Estate Market Update.

We are starting to notice an overwhelming trend when comparing housing sales statistics in many different areas to 2009 figures. When comparing 2009 and 2010 sales of residential homes in the Myrtle Beach, sales are up 25%.

In 2009 there were 132 closed transactions, and in 2010 in January and February there were 164.Taking these numbers into account, sales in 2010 are up close to 25%.

As of March 16, 2010 there are currently 327 pending properties in Myrtle Beach. So what does this mean? Taking the pending homes information into consideration we should see a continual incline in amount of homes that are selling. 

This is providing us with some hope for 2010. Although sales are still…