Myrtle Beach Market Update – July 2016

Category : Market Update

(843) 492-4411 – Toll Free (866) 543-9078
.

The Beach Scoop
from
The Willis Team

Schools have started back, and the summer is calming down. Now it is time to cool off a little and the humidity to dissipate from the Carolina’s.

Real Estate Update:
We wanted to bring you up to date for July 2016 in Horry and Georgetown County as reported through the CCAR MLS as of August 26th, 2016.

SOLD

July 2015July 2016% of Increase/Decrease
Land12494-24.19%
Residential708700-01.13%
Condominium376418+11.17%

For more detailed information visit: Market Analysis.

Summer heat was hot and the sales were hot on Condos in July, with an increase over last year for the same month, but down slightly in Single Family Homes and Land.

I wanted to also bring you up to date on the YTD numbers as compared to last year. There were 4,626 homes sold this year as compared to 4,408 last year for an increase of 4.95%. The average sold price this year is $233,711 compared to $225,724 last year for an increase of 3.53%.

There was 2,951 Condos sold this year compared to 2,730 last year for an increase of 8.09%. The median price this year was $118,000 compared to $115,000 last year for an increase of 2.61%.

Land Median price was $49,000 this year compared to $46,000 last year and there was 7.27% less lots sold in 2016.

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 – July 2016