Myrtle Beach Market Update – April 2016
Category : Market Update
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The Beach Scoop
Happy Memorial Day!
Single family residential sales are remaining strong for the year, and the sales numbers are up over the same period last year by 6.4% according to the Grand Strand Market Report, from Site Tech. The prices have risen 7.4% in 2016. The number of transactions for condos sales are up 1.5% for the year compared to the same time last year, and prices are up 2.9%. Land is showing slightly down for the year.
We also wanted to see how the total sales of homes were doing compared to the 2005 market which was our highest sale year during the height of the boom. Compared to the last 12 months the sales are up by 24.62%. This shows that more and more people are buying at the Beach!
Real Estate Update:
For more detailed information visit: Market Analysis.
You can see that single family residential is hot right now, condos are flat and land is slightly down, but we are getting ready for a great summer, it is already HOT!! HOT!!! HOT!!!! So plan your trip and give us a call, we can help you with buying and selling across the Grand Strand!
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!
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