Residential Condo/Townhome Lots
Horry County 4,147 4,577 2,177
Georgetown Co. 822 435 718
Total 4,969 5,012 2,895
Average Listing Price $357,093 $145,000 $147,272
Median List Price $224,900 $145,000 $72,900
DISTRESSED INVENTORY
Single Family Residential Condo/Townhome Lots
Horry County 809 899 430
Georgetown Co. 98 31 79
Total 907 930 509
Average Listing Price $240,219 $135,105 $79,349
Median List Price $159,900 $95,000 $42,500
What do all of these numbers mean to you as a Buyer or a Seller in Myrtle Beach and the surrounding areas? As we read the newspaper and watch the news, recurring stories of foreclosures flooding the market may ring in your ears. However, real estate is and always will be local. In Myrtle Beach, which contributes to SC being the 10th fastest growing state in the nation and Myrtle Beach being a top destination for the 10,000 baby boomers retiring daily, our market is not "normal." We have many investors, 2nd home owners, & the overall vacation market makes this a very strong market. We are actually very busy with buyers and sellers seeking a home or investment and many are paying cash. Currently, distressed active investory only makes up on 20% of the market in Horry County and 12% in Georgetown and 20% for condos in Horry County and 7% in Georgetown. Distressed lots in Horry County make up 20% of the market inventory and 11% in Georgetown. However, these numbers play a significant role in the appriasals and sales price of ALL properties -making it a great market if you are a Buyer looking for a deal in Myrtle Beach. To assist in negotiating a deal in Myrtle Beach and finding the perfect property for you and your family, contact us to assist in the selection process. There is a reason sunny Myrtle Beach is one of the #1 Retirement destinations in the country. For viewing properties, visit www.myrtlebeachrealestatetoday.com.
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