Grand Strand Market Report
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
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.