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July 2018 Market Report

Grand Strand Market Report

July 2018
July was a strong month for sales activity in the Grand Strand with SFR
and condo sales volume up 5.11% and 19.14%, respectively, for the
month. Residential lot sales are also up 5.62%, compared to July 2017
levels.

SFR sales volume is up 5.11% compared to July 2017 and maintains its 5.69% growth rate for
the year. Median sales price is up to $227,000, a 9.13% increase from July 2017. Sales prices for
new construction and resales are also up 11.46% and 7.04%, respectively, when compared to
July 2017. The average sold-to-list ratio for Single Family Residential sales in July was 96%, flat
compared to the same month in 2017.
Condo sales volume is up 19.14% compared to July 2017. Year-to-date sales are also up 3.91%
from 2017 levels. The median sales price is up to $132,000, a 1.54% increase from July 2017.
Condo inventory continued to tighten as inventory is down as compared to prior year levels:
down 7.82% compared to July 2017. The average sold to list ratio for condo sales in July was
94%, up 100 basis points compared to the same month in 2017.
Residential lot sales were up 5.62% in July compared to 2017. The median sales price increased
to $58,000, up 16.00% compared to the same month in 2017. Sold to list ratios are at 89%, up
400 basis points when compared to July 2017.

 

http://www.ccarsc.org/wp-content/uploads/2018/08/Grand-Strand-Monthly-Market-Report-July-2018-agent.pdf

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Myrtle Beach Real Estate Market Report July 2014

Myrtle Beach Real Estate Market Report July 2014Grand Strand Map 7 2014

Source: CCAR

Housing seemed to have a slow start to the spring selling season, but have been on a steady increase since then.

Inventory is slowly rising in some areas.

Activity is picking up pace.

*June SFR Pending Sales in the Coastal Carolinas region were up 34.4% and 5.2% for Condos.

*The SFR price range with the largest gain in sales was the $200,001 to $250,000 range, where they increased 21%.

*Median Sales Price up 7.2% for SFR and 4.5 for Condos

*Closed SFR sales in in region up nearly 6% overall

*The price range that tended to sell the quickest was the $150,000 and Below range at 152 days

*2014 Grand Strand SFR Activity Map on Right.

June 2014 Report

Research powered by Site Tech Systems

Single Family Residential (SFR) soar in June … up 6.0% for the full year ; Condo sales continue to lag behind prior year
level; SFR and Condo Sales Prices in 2014 remain strong.

In June, SFR sales were up 11.5% from prior year levels. Year to date (YTD) SFR sales were up 6.0% with 2013 performance. SFR inventory
continues to grow and is up 6.4% from prior year levels and remains at its highest level since 2010. Distressed SFR inventory continues to
decline and is 23.8% below prior year levels. SFR median sales price
remain strong at $193,929 in June and remains up 5.1% in 2014.

Condo sales continue to show year over year weakness. In June, condo sales were down 2.4% as compared to June 2013 levels and YTD 2014
sales are off 4.4%. Condo inventory remains up 4.5% to 2013 levels. Condo inventory is in line with last month’s inventory and it is expected
that condo inventory has reached its peak and should begin its seasonal decline for the balance of year. The condo distressed inventory declined for the 27th consecutive month and is 46.5% below its 2013 level. June’s median sales price remained strong at $119,900. YTD, Condo median sales prices are up 3.7% to 2013 levels.

Resident1al lot sales in June were down 25.5% from 2013 levels. Offsettng a decline in volume., the median sales price for resident1al lots is up 28.2% from 2013.