The only variable that seems to be slowing home sales in this month's Market Report is the lack of inventory! With buyer demand still at peak levels and the number of homes available constrained across many market segments, we continue to see multiple offers, with cash buyers winning out at prices above the listing price. All factors are combining to affect affordability, yet we've seen no signs of sales slowing down as a result.
Among the growing segments are the oceanfront investors, seeking turnkey ready condos for sale as well as million dollar oceanfront homes that rarely come available, yet make great renovation projects for vacation investments or 2nd homes.
CRG Companies Broker-In-Charge, Rainbow Russell, and Realtor, Mary Vest, take you on-site to one of CRG's newest listings on the Golden Mile of Myrtle Beach to discuss what buyers are seeking when it comes to oceanfront homes.
Note: This data is an expert from the Coastal Carolina Association of Realtors monthly report and encompass Myrtle Beach and the surrounding areas that comprise the South Carolina coast. At CRG Companies, we continually track and analyze market data to help you make the most informed decision possible. If you’re thinking of making a move, talk to one of our Realtors or our client care team to start your home buying journey or help determine your home value to see if the time is right to sell!
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 and is updated after the close of each month to allow time for all transactions to be reported.
We suggest using this 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!
Our team is here to answer questions on how our economy will effect home sales. If you aren't sure whether to continue your home search, we can help review market factors and your unique situation to determine a plan of action tailored to you. Contact your agent or our Client Care Team anytime!