April and May 2010 Home Sales Statistics | Pawleys Island and Litchfield Beach Real Estate
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 Litchfield Beach and Pawleys Island real estate market.
- 40 Homes sold in April and May 2010 in Litchfield Beach and Pawleys Island. In 2009 there were 25 homes sold in Litchfield Beach and Pawleys Island.
- $327,500 - Median home sales prices in April and May 2010 in Litchfied Beach and Pawleys Island. In April and May 2009 the median home sales price in Litchfield Beach and Pawleys Island was $300,000.
- Home sales volume for April and May 2010 in Litchfield Beach and Pawleys Island was $18,940,080. In April and May 2009 the total home sales volume for Litchfield Beach and Pawleys Island was $9,732,901.
- How does the real estate market in Litchfield Beach and Pawleys Island look moving forward? There are currently 33 pending contracts on homes in Litchfield Beach and Pawleys Island.
In April and May 2010 the most expensive home to sell in Litchfield Beach and Pawleys Island sold for $3,900,000. This Pawleys Island oceanfront home is surrounded on 3 sides by water and is located on the northern end of Pawleys Island. This 5 bedroom 5 bathroom home is over 5,000 heated sq/ft and has tons of upgrades. This is the most expensive home that has sold along the Grand Strand since August 2008.
Please visit our Pawleys Island, and Litchfield Beach real estate page to learn more about each area, and to view all the homes for sale updated daily. If you are searching for an oceanfront beach vacation rental, please visit our Beach Realty vacation rental website. 
Discussion
Wow, good to hear such increases in your market, Preston. Do you expect the summer months to experience a continued increase?
With the current homes that are pending in Pawleys Island and Litchfield Beach I think the sales volume will continue.
Preston, what are your thoughts on how the tax credit played in these stats??
In the Pawleys Island and Litchfield Beach area the average home price is well over $300,000, so I think these buyers are going to buy with or without a home buyers tax credit. I have sold a number of homes in the area, and only 3 of my buyers received the tax credit. If I did a lot more homes sales in the $150,000 and below price range I am sure I would have sold to a lot more buyers that receive the tax credit.
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