Myrtle Beach Area Real Estate Market Update | Real Estate Market Updtate for Horry and Georgetown Counties
Posted by Preston Guyton on Saturday, May 15th, 2010 at 3:55pm.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.
Horry | Brunswick | Georgetownfrf | |
| Q1 09-10 | 35% | 21% | 14% |
| Q4 08-09 | 33% | 16% | 33% |
| Q3 08-09 | -11% | -13% | -36% |
| Q2 08-09 | -21% | -31% | -47% |
| Q1 08-09 | -44% | -39% | -48% |
| Horry | Brunswick | Georgetown | |
|
Homes | 25.2% | 16.5% | 15.9% |
|
Condos | 24.1% | 13.6% | 15.8% |
|
Lots | 31.1% | 15.1% | 15.0% |
Total Closings
Comparing activity for the first quarter of 2010:
- Horry County was 30% of the 2005 level.
- Georgetown County was 28% of the 2005 level.
- Brunswick County was 25% of the 2005 level.
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2 Responses to "Myrtle Beach Area Real Estate Market Update | Real Estate Market Updtate for Horry and Georgetown Counties"
I think sales and closings will continue to be on the upswing. Looking at pending properties and what has sold so far, we should have a significant amount of closings in the 2nd quarter of 2010. There are currently 2,043 pending contracts, and I am sure with the home buyers tax credit expiring there will be a large push to have many of these closed by the end of June.
Posted on Monday, May 17th, 2010 at 7:55am.


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Great to see improvements in your area as well. From the areas that I follow, it seems that all have experienced slight ticks upwards (but I don't follow anybody in AZ or the most distressed areas of CA). Any projections/predictions for the coming quarter, Preston?
Posted on Monday, May 17th, 2010 at 4:42am.