Myrtle Beach Market Update – August 2016

Category : Market Update

(843) 492-4411 – Toll Free (866) 543-9078
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The Beach Scoop
from
The Willis Team

Golf Magazine names 4 beach golf courses in the top 100 you can play in America. Caledonia Golf and Fish Club ~ Dunes Golf and Beach Club ~ True Blue Golf Plantation ~ Love Course at Barefoot. Golf prices are affordable so try a game when you visit next.

Real Estate Update:
We wanted to bring you up to date for August 2016 in Horry and Georgetown County as reported through the CCAR MLS as of September 21st, 2016.

SOLD

August 2015August 2016% of Increase/Decrease
Land123127+03.25%
Residential686696+01.46%
Condominium383468+22.19%
20062016 Annualized% of Increase/Decrease
Land2,6871,368-96.42%
Residential7,0228,033+12.58%
Condominium6,9445,142-35.04%

For more detailed information visit: Market Analysis.

The market remains strong, with Single family residential number of transactions up and still out selling the number we had in 2015, plus the sales prices are up for the year by 3%. Condos showed an improvement for August, but lots sales are still lingering. As you can see from the numbers, single family homes are up over our strongest year of 2006 and condos are slowly catching up. Lots are still suffering mainly because investors were buying in 2006 and the people purchasing today are planning on building.

Our paper reported a record of over 18,000,000 people visiting our area this year! I feel this is why so many people are looking at making this their primary residence. We have a lot of things to offer.

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

528 Highway 17 N
Gator Hole Plaza
N Myrtle Beach, SC 29582
Information is deemed reliable but not guaranteed

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Office: (843) 492-4411 | Toll Free: (866) 543-9078
Oceanfront Homes for Sale | Carolina Forest Homes | North Myrtle Beach Real Estate | Myrtle Beach Market Update – August 2016