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June Real Estate Report For Myrtle Beach
Friends & Clients,
Good afternoon from Myrtle Beach, we are in full summer mode here at the beach with hot temps, busy beaches and resorts. We have really ramped up our Facebook page with regular posts on hot deals, stats and just things going on around MB. If you are on Facebook, and want more regular quick updates, be sure to “like” our page to see the latest news. www.facebook.com/realestatemodo
Awesome post from about 2 weeks ago was the link to the latest US News ranking of the “25 Best Places People Are Moving”, with Myrtle Beach coming in at…..#1. We are not just for tourists, the general or permanent resident population is booming. Love to help customize a search for a home or condo in the area if you would like, just reach out. (or if you even just want the link to this article shoot me a note and I’ll forward the link)
May Sales Stats:There were 1781 total closed transactions and just over $348 million in closed volume. The average days on the market was 156, avg closed price of $202,935. The high sale was development parcel in Little River, $2.3 million for a developable 111 total acres. 3 days after hitting the market for $2.2 million there were multiple offers on an amazing home in the prestigious Dunes Club, selling for $2.075M. Residential homes accounted for 899(50%) of the sales while condos accounted for 638(36%). Bank owned foreclosures totaled 43 sales, and short sales, only 3 closed transactions in May.
My Deal(s) of the Month:As always, a “deal” depends on a number of factors with what you are looking for in a property, be it for personal use, investment etc. We can get you all of the details on any if you like what you read. I can’t guarantee they will still be available when you read this. Here are the details with some I like a lot this month. All of these have just recently hit the market! (In order of price, which is how they should pull up in the link below)
$65K – One of the flat our lowest priced DIRECT Oceanfront condos you’d find – Sandcastle South #709
Short Sale – 4087 Fairway Lakes Dr – 3BR/3BA, 129K, great price for a large condo in a super location off of 38th Ave N near Myrtlewood Golf Course
Bank Owned – 461 Dandelion Ln – 4BR/2.5BA Home in Avalon in Carolina Forest, 199.9K, in great shape, primary or rental property
3BR Oceanfront Corner unit, wrap around balcony in Grande Shores on 77th Ave N, 259K(maybe a little over priced) amazing views #1035
Fixer Upper – location, location, location, 5626 Woodside Ave, in the popular Pine Lakes, 270K, needs work but lots of potential in that price range
Bank Owned - Amazing true “penthouse”, encompassing the entire top level in the St Clements, this is a true one of one, needs work but can be a real show piece 545K
12BR/14BA(yes that’s right) – Cherry Grove, block to the beach, rental potential+++, 975K
381 Oak Moss in Murrells Inlet – $2.39M. OK this is not necessarily a “deal of the month” but if you love beautiful real estate and unmatched water views, check out this home and the pics.
I mention it all the time, but with our industry shifting 1% seller side commissions, we are saving our Modo clients hundreds of thousands of dollars commissions. Thinking of selling or know anyone, let us know.
Broker in Charge
Real Estate Modo
2018's #1 selling agent of oceanfront condos in the entire market, and in the top 1% of all agents in 2018 sales. Brian has been a local resident of Myrtle Beach and the Grand Strand for over 20 years....