Real Estate Sales Statistics in Murrells Inlet, SC - January and February 2010

Posted by Preston Guyton on Tuesday, March 16th, 2010 at 8:40pm.

Website pics disc 2 057(1)Fast Stats – Murrells Inlet, SC Home Sales

There are currently 482 homes listed for sale in Murrells Inlet, SC.

49 homes have sold in the Murrells Inlet area in the months of January and February, 2010.

71 properties are pending sale in the Murrells Inlet area.

 

Sales activity in Murrells Inlet, SC compared to this time last year (2009)

In January and February of 2009, there were a total of 35 sales. In the first quarter of 2009 there were 56 closed transactions in Murrells Inlet, SC overall. If the market continues on its current track we should end up with approximately 80-90 closed transactions in the first quarter of 2010! That’s an increase of 40%! Increases like this are being noted across the nation; take for instance Sarasota, sales have risen 49% when compared to 2009!

Average length of time a Murrells Inlet home has remained on the market

The current average length of time a Murrells Inlet home has remained on the market is 170 days.

Average sales price of a home in Murrells Inlet, SC

The average sales price of listings that have sold in the Murrells Inlet area in January and February is $230,394. The most expensive home that sold in Murrells Inlet in January and February sold for $720,000. Listings in January and February 2010 have sold for 85% of their original list price.

Many of these properties, unfortunately, have been overpriced by sellers for years, once prices were adjusted and reduced accordingly, the properties sold. If we remove two listings that sold for half of the original list price, this average jumps to 91% of the original list price. This just goes to show how two sales can affect averages in a local real estate market. Now that properties are being listed more realistically, they are starting to sell quicker. Realistic prices means sellers are seeing offers that are much closer to the sales price they are asking for!

To search for available homes in the Murrells Inlet, SC area, use our convenient MLS Search Tool. All listings are updated daily! For more information about the Murrells Inlet Real Estate Market call (843) 457-3994 or contact us today.

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