The Murrells Inlet real estate market is starting to see increased sales in the area, as Murrells Inlet continues to become more affordable. Prices in many of the neighborhoods in the area have come down drastically. Murrells Inlet real estate is very appealing for a majority of the home buyers that visit the area. Below are the sales statistics for the Murrells Inlet area in October and November 2009.
Residential sales volume - $10,292,265
Total number of Murrells Inlet Residential sales – 35
Average price - $294,065
The average price is somewhat skewed, if you take out the 3 most expensive sales and the average price of a home in the Murrells Inlet area is around $240,000.
Land sales volume - $2,081,000
Total number of Murrells Inlet land sales – 10
Average price - $208,100
The average price for a lot in the Murrells Inlet area is also skewed, if you take out the most expensive transaction the average priced lot in the area is $75,600. Phase two of a development in the area closed for $1,400,000 and is in the total sales volume. Taking that out significantly reduces the average land price.
Condo/Townhouse sales volume - $1,498,700
Total number of Murrells Inlet condo/townhouse sales – 11
Average price - $136,245
I hope you find this information beneficial, if you are searching for property in the Murrells Inlet real estate market, please visit our website www.prestonguyton.com and use our Myrtle Beach area search tool. You can view all available properties in the Myrtle Beach area.