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The Beach Scoop
from
The Willis Team

Myrtle Beach named best place to move to in 2018 by U.S. News and World Report.

Real Estate Update:
We wanted to bring you up to date for June 2018, in Horry and Georgetown County as reported through the CCAR MLS as of July 23rd, 2018.

SOLD

  June 2017 June 2018 % of Increase/Decrease
Land 118 130 +10.17%
Residential 899 909 +01.11%
Condominium 599 552 -07.85%

For more detailed information visit: Market Analysis.

Inventory is lower now than it has been in over 10 years for condos, land is about the same as it was last year but that shows less than it has been in ten years, and Single family residential is about the lowest it has been in five years. With inventory shrinking, we have a seller market for the homes under $300,000- and in total, we have a 7.54-month supply of houses. We have a 5.09-month supply of Condos priced under $200,00 and 5.76-month supply of condos priced under $300,000. Which shows we are in a sellers’ market for all condos under $300,000. For all condos we have a 6.41 months’ supply which is close to a seller’s market. Unfortunately we have close to a 2 year supply of lots available.

Call or e-mail a Willis Team professional, and let us prepare you a FREE Comparative Market Analysis on your property. Or, you can visit us at: Home Value Report.

Keep looking forward, you cannot change yesterday!

Life’s A Beach and We Sell It!
The Willis Team
Office:      843-492-4411
Cell:       843-457-9255
Toll Free: 877-559-1755


801 12th Avenue S
N Myrtle Beach, SC 29582

Information is deemed reliable but not guaranteed

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