Myrtle Beach Market Statistics

Our coastal Grand Strand community is keeping active this summer and buyer competition is continuing to translate into quick sales above asking price. Inventory has been and still remains lower in comparison to previous years, and home prices are rising and still expected to continue to do so, but sales and new listings may finish the summer on the upswing. These are continued signs of a healty local housing market.

Check out our month-to-month review below or contact our team today for more Info on Buying or Selling in today's market.

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The month-to-month glance below is updated after the close of each month to allow time for all transactions to be reported. We suggest using this as well as our Annual Report in conjunction with our complimentary market analysis to determine if the time is right for you to buy or sell your Myrtle Beach area property. Contact our client manager If you are interested in more details on how to list your property and/or to find your next dream home!


 

2018 Monthly Market Reports 

The CRG Companies monthly real estate market statistics are based on data from the Coastal Carolina Association of Realtors and encompass Myrtle Beach and the surrounding areas that comprise the South Carolina coastal region of Horry & Georgetown counties, known as the Grand Strand. This snapshot of the local real estate market is your guide to making an informed decision when looking to buy or sell property in the Myrtle Beach market.

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2017 Monthly Market Reports 

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November 2016 vs. November 2017
Homes Sold: 1,130 (All Properties)

➢ Single Family Homes Sold: 621

➢ Lots Sold: 105


➢ Condos & Townhomes Sold: 404

Average Sale Price: $177,998 (All Properties)

➢ Single Family Homes: $249,558


➢ Lots: $129,958


➢ Condos & Townhomes: $154,479

Average Days on the Market: 184 (All Properties)

➢ Single Family Homes: 134
➢ Lots: 294
➢ Condos & Townhomes: 124

*November 2017 statistics are inclusive of all properties as of 12/15/17

October 2016 vs. October 2017
Homes Sold: 1,131 (All Properties)

➢ Single Family Homes Sold: 596

➢ Lots Sold: 99


➢ Condos & Townhomes Sold: 436

Average Sale Price: $188,754 (All Properties)

➢ Single Family Homes: $252,477


➢ Lots: $156,187


➢ Condos & Townhomes: $157,600

Average Days on the Market: 191 (All Properties)

➢ Single Family Homes: 133
➢ Lots: 309
➢ Condos & Townhomes: 131

*October 2017 statistics are inclusive of all properties as of 11/18/17.

September 2016 vs. September 2017
Homes Sold: 1,393 (All Properties)

➢ Single Family Homes Sold: 793 – 14.1% Increase

➢ Lots Sold: 142 – 5.3% Increase


➢ Condos & Townhomes Sold: 458 - 1.1% Decrease

Average Sale Price: $174,103 (All Properties)

➢ Single Family Homes: $251,998– 0.2% Increase


➢ Lots: $109,304 – 8.1% Increase


➢ Condos & Townhomes: $161,007– 12.5% Increase

Average Days on the Market: 184 (All Properties)

➢ Single Family Homes: 142
➢ Lots: 299
➢ Condos & Townhomes: 146

*September 2017 statistics are inclusive of all properties as of 10/18/17.

August 2016 vs. August 2017
Homes Sold: 927 (All Properties)

➢ Single Family Homes Sold: 793 – 14.1% Increase

➢ Lots Sold: 149 – 13.7% Decrease


➢ Condos & Townhomes Sold: 538 - 14.0% Increase

Average Sale Price: $185,453 (All Properties)

➢ Single Family Homes: $269,669– 5.6% Decrease


➢ Lots: $83,891 – 31.7% Decrease


➢ Condos & Townhomes: $136,088– 6.28% Decrease

Average Days on the Market: 184 (All Properties)

➢ Single Family Homes: 167
➢ Lots: 402
➢ Condos & Townhomes: 161

*August 2017 statistics are inclusive of all properties as of 9/18/17.

July 2016 vs July 2017
Current Market Inventory: 7,090 (All Properties)

➢ Single Family Homes For Sale: 3,852 – 7.8% Decrease

➢ Lots For Sale: 268 – 6.9% Decrease


➢ Condos & Townhomes For Sale: 2,970 - 25.6% Decrease 

Homes Sold: 1,372 (All Properties) 

➢ Single Family Homes Sold: 642 – 2.4% Increase

➢ Lots Sold: 99 – 9.2% Decrease


➢ Condos & Townhomes Sold: 497 - 13.5% Increase

Average Sale Price: $163,672 (All Properties)

➢ Single Family Homes: $241,015 – 9.7% Increase


➢ Lots: $134,807 –  68.1% Increase


➢ Condos & Townhomes: $146,439 – 4.0% Increase 

Average Days on the Market: 193 (All Properties)

➢ Single Family Homes: 140 - 3.4% Decrease
➢ Lots: 283  – 0.7% Decrease
➢ Condos & Townhomes: 137 - 11.0% Decrease
*April 2017 statistics are inclusive of all properties as of 8/15/17.

June 2016 vs June 2017
Current Market Inventory: 6,959 (All Properties)

➢ Single Family Homes For Sale: 3,884 – 7.8% Decrease

➢ Lots For Sale: 261 – 7.4% Increase


➢ Condos & Townhomes For Sale: 2,760 - 19.6% Decrease

Homes Sold: 1,372 (All Properties)

➢ Single Family Homes Sold: 765 – 5.9% Decrease

➢ Lots Sold: 116 – 25.2% Decrease


➢ Condos & Townhomes Sold: 564 - 5.6% Increase

Average Sale Price: $163,672 (All Properties)

➢ Single Family Homes: $270,419 – 12.9% Increase


➢ Lots: $76,160 –  20.8% Decrease


➢ Condos & Townhomes: $154,436 – 8.8% Increase 

Average Days on the Market: 193 (All Properties)

➢ Single Family Homes: 140 - 4.1% Decrease
➢ Lots: 261  – 4.7% Decrease
➢ Condos & Townhomes: 143 - 4.0% Decrease
*June 2017 statistics are inclusive of all properties as of 7/16/17.

August 2016 vs August 2017
Current Market Inventory: 6,959 (All Properties)

➢ Single Family Homes For Sale: 3,849 – 10.6% Decrease

➢ Lots For Sale: 266 – 8.1% Increase


➢ Condos & Townhomes For Sale: 2,844 - 17.3% Decrease

Homes Sold: 1,372 (All Properties)

➢ Single Family Homes Sold: 770 – 4.6% Increase

➢ Lots Sold: 266 – 8.1% Increase


➢ Condos & Townhomes Sold: 547 - 5.8% Increase

Average Sale Price: $163,672 (All Properties)

➢ Single Family Homes: $257,146 – 8.2% Increase


➢ Lots: $79,315 –  4.5% Decrease


➢ Condos & Townhomes: $147,544 – 4.1% Increase 

Average Days on the Market: 193 (All Properties)

➢ Single Family Homes: 132 - 9.6% Decrease
➢ Lots: 237  – 25.2% Decrease
➢ Condos & Townhomes: 141 - 18.0% Decrease
*May 2017 statistics are inclusive of all properties as of 6/18/17.

April 2016 vs April 2017
Current Market Inventory: 7,090 (All Properties)

➢ Single Family Homes For Sale: 3,852 – 7.8% Decrease

➢ Lots For Sale: 268 – 6.9% Decrease


➢ Condos & Townhomes For Sale: 2,970 - 25.6% Decrease 

Homes Sold: 1,372 (All Properties) 

➢ Single Family Homes Sold: 642 – 2.4% Increase

➢ Lots Sold: 99 – 9.2% Decrease


➢ Condos & Townhomes Sold: 497 - 13.5% Increase

Average Sale Price: $163,672 (All Properties)

➢ Single Family Homes: $241,015 – 9.7% Increase


➢ Lots: $134,807 –  68.1% Increase


➢ Condos & Townhomes: $146,439 – 4.0% Increase 

Average Days on the Market: 193 (All Properties)

➢ Single Family Homes: 140 - 3.4% Decrease
➢ Lots: 283  – 0.7% Decrease
➢ Condos & Townhomes: 137 - 11.0% Decrease
*April 2017 statistics are inclusive of all properties as of 5/18/17.

March 2016 vs March 2017
Current Market Inventory: 7,159 (All Properties)

➢ Single Family Homes For Sale: 3,822 – 8.9% Decrease

➢ Lots For Sale: 348 – 4.1% Decrease


➢ Condos & Townhomes For Sale: 2,989 - 14.4% Decrease

Homes Sold: 1,372 (All Properties)

➢ Single Family Homes Sold: 695 – 7.6% Increase

➢ Lots Sold: 119 – 6.3% Increase


➢ Condos & Townhomes Sold: 558 - 35.4% Increase

Average Sale Price: $163,672 (All Properties)

➢ Single Family Homes: $248,520 – 6.4% Increase


➢ Lots: $87,242 –  36.0% Decrease


➢ Condos & Townhomes: $155,283 – 15.9% Increase 

Average Days on the Market: 193 (All Properties)

➢ Single Family Homes: 148 - 3.9% Decrease
➢ Lots: 282  – 19.6% Decrease
➢ Condos & Townhomes: 149 - 2.1% Increase
*March 2017 statistics are inclusive of all properties as of 4/18/17.

February 2016 vs February 2017
Current Market Inventory: 7,177 (All Properties)

➢ Single Family Homes For Sale: 3,828 – 6.1% Decrease

➢ Lots For Sale: 290 – 18.8% Increase


➢ Condos & Townhomes For Sale: 3,059 - 10.2% Decrease

Homes Sold: 919 (All Properties)

➢ Single Family Homes Sold: 465 – 7.4% Decrease

➢ Lots Sold: 102 – 22.9% Increase


➢ Condos & Townhomes Sold: 352 - 2.6% Increase

Average Sale Price: $170,566 (All Properties)

➢ Single Family Homes: $245,801 – 7.3% Increase


➢ Lots: $126,608 –  11.4% Decrease


➢ Condos & Townhomes: $136,289 – 0.4% Decrease 

Average Days on the Market: 206 (All Properties)

➢ Single Family Homes: 152 – 4.4% Decrease
➢ Lots: 228  – 43.8% Decrease
➢ Condos & Townhomes: 151 – 3.2% Decrease
*February 2017 statistics are inclusive of all properties as of 3/16/17.

January 2016 vs January 2017
Current Market Inventory: 7,100 (All Properties)

➢ Single Family Homes For Sale: 3,754 – 4.8% Decrease

➢ Lots For Sale: 357 – 3.5% Increase


➢ Condos & Townhomes For Sale: 2,989 - 10.0% Decrease

Homes Sold: 866 (All Properties)

➢ Single Family Homes Sold: 464 – 2.2% Increase

➢ Lots Sold: 103 – 0.9% Decrease


➢ Condos & Townhomes Sold: 299 - 15.4% Increase

Average Sale Price: $163,299 (All Properties)

➢ Single Family Homes: $255,924 – 10.7% Increase


➢ Lots:  $73,417 –  6.7% Increase


➢ Condos & Townhomes: $160,556 – 11.4% Increase

Average Days on the Market: 193 (All Properties)

➢ Single Family Homes: 164 – 4.3% Decrease
➢ Lots: 228  – 43.8% Decrease
➢ Condos & Townhomes: 187 – 8.1% Increase
*January 2017 statistics are inclusive of all properties as of 2/16/17.


 

If you are interested in determining the value of your home or investment property, check out our complimentary market analysis!

Looking for something in a specific community or neighborhood? Contact a CRG Companies Realtor for a detailed report on the areas that interest you.

 

 

 

 

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© Copyright 2018 of the Coastal Carolinas Association of REALTORS® MLS.

CCAR Logo IDX information is provided by the Coastal Carolinas Association of REALTORS® for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, data is deemed reliable but is not guaranteed accurate by the MLS.