Friends & ClientsWelcome to spring from Real Estate Modo! Quick follow up from last month’s note, for those of you that feared for my well being during our Adventure Race. We survived, 67
December Real Estate Report Myrtle Beach
Friends & Clients,
Happy Holidays and Merry Christmas as we close out 2017 and look forward to 2018. Big thank you to our over 150 clients that allowed us to assist them this year to buy or sell a property.
Our concept that I started Jan 1, 2017 that has really challenged the old school regime, where our Sellers only pay a 1% Seller Side Commission is going to end the year by saving our clients $193,405 in commissions vs the normal or standard 3%. We’ve got big goals to really take that to the next level in 2018, if you or anyone you know is thinking about selling, and you like to save $$, give me a call.
It always amazes me to look at the year end numbers for our relatively “small” market here in Horry and Georgetown Counties. We are in a great position with the market, I am not seeing the super sizzling speed of sales that I hear about in some of the other hottest markets around the country but we have sustained some good, solid growth over the past 5 years with consistent increases in values across all segments. It looks like the total sales volume for us here(Grand Strand) will eclipse $3.25 Billion Dollars and over 16,500 closed transactions in 2017. Looking forward to a great 2018.
November Sales Stats: There were a total of 1,314 closed transactions and $258 million in closed volume last month. The average days on the market was 140(another month over month decrease), avg closed price of $196,955. 709 single family/detached homes, 431 condos. 10 sales over $1 million, the two high sales were both land, expected to bring more new construction. 43 total foreclosure sales and 12 short sales.
My Deal(s) of the Month: As always, a “deal” depends on a number of factors based on what you are looking for in a property, be it for personal use, rental income, appreciation etc. We can get you all of the details on anything that you see below or if we can build you a custom search, just let me know. All of these have hit the market recently.
Bank Owned – 2BR/2BA condo in River Oaks, on the golf course, $75,900.
Income Generator – 1BR oceanfront corner unit in the Sailfish Resort, #810, 104K, 31K+ in gross income thru Nov this year. Located on 21st Ave and part of the Breakers Resort, LOTS of upside with this one. I’ll get you more info why if interested.
BIG oceanfront 1BR – Pretty rare to the market, Carolinian Resort #931, large true 1BR, 165K
Bank Owned Home – One of the lowest priced homes in Carolina Forest, 9080 Gatewick Ct, in Southgate, excellent rental, first time home owner. 166.4K
Just Interesting – These really never do come on the market, and certainly not for everyone. This is a fishing cabin type of home on Sandy Island, just west of Murrells Inlet, only accessible via boat. Mostly owned by the State and The Nature Conservancy, and protected from development, this is the “largest undeveloped freshwater island on the east coast”. The pictures are not very good of the inside, but you’ll get the idea. 310K.
Let us know if we can help with more details on any of these or just generally with anything in the area. Kick off your own search at www.realestatemodo.com
Have a great Christmas and New Years.
Broker In Charge
Brian has been a local resident of Myrtle Beach and the Grand Strand for over 18 years. He originally moved to the area from Northern Virginia to attend Coastal Carolina University. After graduating w....
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