Little River Homes Sold in the Past 90 days:

By
Real Estate Broker/Owner with Buyers' Choice Realty

 

 

41 homes were sold in the Little River Area in the past 90 days.  That represents 11.52% of the total inventory of 356 Homes currently on the market.  At this pace, 3.84% of the inventory is selling per month in Little River, thus we have a 26 months (2 years and 2 months) supply of homes.

 

the least expensive home in Little River, SCthe least expensive home in Little River, SC

The least expensive home sold in Little River was a 1,532 sq. ft., 2BR/2BA, 16 year old mobile home on leased land sold at The Village at Bay Tree for $41,000.  It was originally placed on the market in December 2008 for $69,500.

 

The most expensive home sold in Little River was a 4BR/3.5 BA, 3,400 sq. ft. home, under 5 years of age, located in the Waterway Community of Cedar Creek in Little River.   It was first placed on the market in March of 2009 for the price of $545,000.  Although the home was drop dead gorgeous and had wonderful views of the Waterway (it was located second row), it sold at the end of January 2010 for only $335,000. 

The Most Expensive Home in Little River SC

The Most Expensive Home in Little River SC

The Most Expensive Home in Little River SC

The Most Expensive Home in Little River SCThe Most Expensive Home in Little River SC


Here are some other homes that went to lucky Buyers during these past 3 months:

 

 

A 2BR/2BA, 1,200 sq. ft. Bank Owned home in the Pinebrook subdivision, originally placed on the market in October 2009 for $94,900 and sold in March 2010 for $77,000.

Home sold in Little River for $77,000Home sold in Little River for $77,000Home sold in Little River for $77,000 at Pinebrook

 

 

What does $120,000 get you in Little River?  How about a 3BR/3BA, 2,100 sq. ft., 15 year old home?  One such home, a foreclosure at Holly Sands transacted in January for $120,000.  It was first put on the market in September 2009 for $134,900.

Home sold in LIttle River for $120,000 at Holly SandsHome sold in LIttle River for $120,000 at Holly SandsHome sold in LIttle River for $120,000 at Holly Sands

 

 

What does $150,000 get you in Little River?  How about a 3BR/2Ba, 1,800 sq. ft., 3.5 year old home?  One such home was sold in February for $150,000 at Sun Colony.

Home sold in Little River for $150,000 at Sun ColonyHome sold in Little River for $150,000 at Sun ColonyHome sold in Little River for $150,000 at Sun Colony

 

How about the $200,000 price range?  What can that price range garner you in Little River?  How about a nice Mediterranean style home for only $185,000?   Billed as the last Mediterranean Home at North Village, this 2,001 sq. ft., 3BR/2BA Home first came on the market in November 2009 at the price of $199,500, closing at the end of January for $185,000.  It had granite countertops, tile roof, paver driveways and stainless steel appliances.  It was a beauty. 

Home in Little River sold for $185,000 at North VillageHome in Little River sold for $185,000 at North VillageHome in Little River sold for $185,000 at North Village

 

With all these great deals out here, when are you packing up and heading to the Beach?  Little River, this quiet, Waterway Community is only 5-10 minutes to the Beach.  So, really: when are you moving here?


Mirela Monte, Your Little River Real Estate Connection                      Join The Optimist Group!

 

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Mirela Monte
Buyers' Choice Realty - North Myrtle Beach, SC
Myrtle Beach Real Estate

I love this format!  It gives prospective Buyers a real good idea of the current market.  Let me know what you think of it please!

Mar 31, 2010 04:47 PM #1
Rainmaker
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Sharon Alters
Coldwell Banker Vanguard Realty - 904-673-2308 - Fleming Island, FL
Realtor - Homes for Sale Fleming Island FL

Mirela, this is another fabulous Market Report. Sounds like your market is very brisk.

Mar 31, 2010 04:58 PM #2
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Mirela Monte
Buyers' Choice Realty - North Myrtle Beach, SC
Myrtle Beach Real Estate

Sharon:  I don't know if a 26 month supply of inventory qualifies for "Brisk"...

Mar 31, 2010 05:02 PM #3
Rainmaker
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Robert Rauf
HomeBridge Financial Services (NJ) - Toms River, NJ

Mirela, I think these are great examples of why it is so important to price a home correctly up front. I bet everyone of them would have sold for more if they were priced better when they were first listed.  prime examples of sellers being behind the curve of falling prices.  You cant under price a home, but you surely can over price one!

Apr 01, 2010 03:56 AM #5
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Mirela Monte
Buyers' Choice Realty - North Myrtle Beach, SC
Myrtle Beach Real Estate

Robert:  Most of these were distressed sales (either bank owned foreclosures, or short sales).  They were priced right.  Still...  it took a while to transact. 

I have 17, no, wait, now 18 deals waiting to close.  Two of them have died in underwriting already and are going forward again with other lenders.  Money is tight.  Even when scores are super high & all criteria looks good, they find things to deny them on.  One of them died because that HOA had very high percentage of owners who are delinquent in paying their HOA's and we're now putting it through a Home path program (it's a Fannie Mae foreclosure), and the other died on Monday, because the owners were doing a 95%LTV, and they owned a home within 5 miles of the one they were trying to buy, so underwriting deemed that the home they were buying was an investment property and required 20% down.   12 of my deals are short sales...  (yeah, I know, "Good Luck!")  One can't transact due to title issues (also a bank owned property).  It's a mess!

Apr 01, 2010 04:18 AM #6
Rainer
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Marcia Hawken
WILLIAM RAVEIS - Naples, FL
Naples Luxury Specialist

Mirela, I give you credit for doing short sales and foreclosures.  I have the CDPE designation but have chosen not to do short sales because it is such a mess.  I refer them out to some "experts" in my area who LOVE doing short sales.  I think the banks are trying to streamline the process recently.  That would be a GOOD thing!

May 13, 2010 11:41 PM #7
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