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Jan 09 2020

10 Most Expensive Homes Sold in Myrtle Beach Area in 2019

That’s right! It’s time for my annual Myrtle Beach luxury home wrap-up where I share with you the 10 most expensive homes to sell along the Grand Strand in this past year. I’ve done this several times in the past few years, however last year I was a slacker and didn’t do this post.

To make up for it, this year I’m going to go above & beyond in sharing not only the 10 most expensive Luxury Homes in Myrtle Beach, but I’m also going to include a video near the end that will summarize how our luxury real estate market is doing here in the area.

If you really love this and want to see more about some of the other luxury properties that have sold in the area in the past, you may want to check out previous years which you can see 2014, 2015, 2016 & 2017 here. Below you will find listed the 10 most expensive homes to sell during 2019 along The Grand Strand from least expensive to most expensive.

10– 9553 Bellasara Circle Myrtle Beach, SC 29579– $2,200,000 This 5 Bedroom 4 Bath home sold in gated homes section The Grande Dunes Members Club section and was a Mediterranean style home on the Intracoastal Waterway with a spectacular pool overlooking the waterway.

9- 1087 S. Waccamaw Drive Garden City, SC 29576- $2,250,000- The only home to make the list this year in Garden City, was this large 3 story, 5 bedroom, 5.5 bath oceanfront home that was over 10,000 square feet under roof with an elevator was a unique masterpiece.

8- 904 N. Ocean Boulevard North Myrtle Beach, SC 29582- $2,285,000 This oceanfront gem was found in North Myrtle Beach and was a 5 bedroom 6.5 bath fully furnished home that was located in the Tilghman Estates section of North Myrtle Beach.

8802 N. Ocean Blvd Courtesy of The Hereda Team RE/MAX Southern Shores

7- 8802 N. Ocean Blvd Myrtle Beach, SC 29572- $2,321,425 At number 7 was another fully furnished oceanfront home that sold in Dunes Ocean Forest section of Myrtle Beach. It was a 7 Bedroom, 6.5 Bath home that had amazing oceanfront views and a lot of recent upgrades throughout.

6- 804 N. Ocean Boulevard North Myrtle Beach, SC 29582- $2,445,000 This is second home to land in the top 10 list of most expensive homes sold from North Myrtle Beach. Also found in the Tilghman section, this was a 5 bedroom, 4.5 bath home with parking for 7 vehicles underneath.

The final 5 most expensive homes of 2019 all come from the southern end of the beach in Georgetown County.

5- 1065 Norris Dr Pawleys Island, SC 29585 $2,715,000 with over 5,500 heated square feet, this 6 bedroom home was located at The Peninsula at Inlet Point South. Each bedroom had it’s own private bath. There was also a shared dock on the creek so you can catch the flounder for dinner!

4- 44 Eastland Way Georgetown, SC 29440- $2,850,000 This 7 bedroom oceanfront home was in Debordieu Colony this home was in a very unique location with 2.5 miles of deserted beach leading to the North Inlet. This home was over 8,300 heated square feet and had a rooftop deck to enjoy the spectacular views.

3- 629 Beach Bridge Rd. Pawleys Island, SC 29585- $2,850,000 The number 3 most expensive home sold in 2019 is beautiful 5 Bedroom home with a custom pine dining room table that seats 10. The home had beautiful cypress walls and book shelves in the study. There was also plenty of space for vehicles with the 4 car garage.

2- 102 Atlantic Avenue Pawleys Island, SC 29585- $2,875,000 Another oceanfront home with 7 bedrooms, 7 baths, and a nice half acre lot in Pawleys Island helped this property to sell quickly.

1- 560 Myrtle Avenue Pawleys Island, SC 29585- $3,501,013 And the most expensive home to sell in 2019 belongs to this magnificent home in the Caledonia section which is known as America’s oldest seaside resorts. This home was 6 Bedrooms, 5 full baths and had a double lot that could be divided for another home. This home was unique in that on one side of the lot is a bulkheaded seawall where you could pull up your boat, and the other side you can enjoy fabulous ocean views.

So now that I’ve share the most expensive homes sold, what does this mean for the Myrtle Beach Luxury Homes market in 2020?

Market Crash Ahead?

In 2019, less luxury homes over 1 million sold in the area than in 2018. Some might start to panic and think we are heading towards a crash, but I wouldn’t start to panic yet. There were only 5 less homes to sell during the year from the banner year of 2018. In terms of total volume, it was only around $4.5 million less.

Days on the market also grew during 2019, but it was very minimal by increasing by only 5 days which is also a very minimal amount of days. These two items could mean either that there is a softening in the luxury home market, or it could simply just mean there is less inventory of properties available for consumers to purchase.

Breaking the Sales Down

When you break down the top 10 list for 2019, I found it interesting that more than half of the properties were purchased with cash. Even more interesting, the top 6 on the list were ALL purchased without financing. That shows me people see the value in investing into our local real estate market.

Also, all of the luxury homes sold this past year had some sort of water feature attached to the home. Most had a view of the ocean, or marsh, and one even had the intracoastal waterway. Once again proving that waterfront properties remain in high demand in our Grand Strand Market, especially when it comes to luxury home buyers.

When you break down the sections of the beach, more luxury homes were sold in Pawleys Island than any other section of the beach again this year. The 5 most expensive homes to sell this year were all int eh Pawleys Island/Georgetown area. Garden city had one property, two in North Myrtle Beach, and two were in Myrtle Beach.

What’s Available For Sale Now?

Below you will find all current luxury homes for sale in Myrtle Beach that are over one million.

Pawleys Island Luxury Homes

If you found this post interesting, would you do me a favor & share it with your friends? Also, if you are interested in purchasing a luxury home along the Grand Strand, feel free to call me at 843-222-9402 or contact me through my site.

Obviously, not everyone can afford a luxury home like the ones listed above. Did you know that the average property I sell in Myrtle Beach this past year was $205,000 While property values continue to rise in Myrtle Beach, there still are plenty of options out there to find affordable housing in Myrtle Beach. I’d love the opportunity to help you find your perfect home that fits your needs in any price range. Do not hesitate reaching out to me today to discuss.

Apr 18 2018

Myrtle Beach Real Estate Market Update April 2018

It’s been a busy winter for real estate here in the Myrtle Beach area! In my 17 years in the real estate business, I’ve only seen things this busy this soon a few times. Listings that are in good shape and priced competitively are going under contract normally within 7 days of being placed on the market. Multiple offer situations is not an uncommon thing to experience when trying to purchase a home.

My personal listing inventory is at the lowest it has been since getting into the business in 2001 with currently only 2 listings. I think the bad weather that the northeast is having is a driving factor to why people are moving south. While on Easter parts of the northeast saw anywhere from 8-16″ of snow, we had temperatures that day in the high 70’s. I told someone the other day that I don’t miss my snow shovel at all!

The bad weather along with the fact that people are tired of paying extremely high property taxes, are the two main reason people are moving to Myrtle Beach. I was talking with a friend who sells homes in New York yesterday that told me that one of the homes her buyers were thinking of purchasing up there had an annual tax of $42,000! When I shared with her that if that home was in Myrtle Beach that the taxes would be under $2,000, she was ready to place her home on the market and move south.

Here’s the market report designed by RE/MAX for the national level, and I have to admit, here in Myrtle Beach is very similar. Take a watch:

If you would like more information on buying or selling a home in the Myrtle Beach area, feel free to contact me here or call me directly at 843-222-9402.

Jun 14 2017

Myrtle Beach Real Estate Market Minute- May 2017

How is the real estate market in Myrtle Beach these days? Well, I’m glad you asked. In the video below, I will give you an update of how things are doing in comparison to the month before in our local market. I tried to keep the video short and to the point so obviously that means I could not give a bunch of details in the video. Check it out.

Single Family Homes In May

Here’s the stats I shared in the video for single family homes in Myrtle Beach:

Current Active Homes June 13, 2017: 3,911
SOLD single family homes during May 2017: 823
Average SOLD price for May 2017: $251,695
Increase of 87 more homes SOLD over month prior.
Average SOLD price increased $16,125 over month prior.

Condos in May

The condo market also saw some great increases during May:

Current Active Condos June 13, 2017: 3,704
SOLD condos during May 2017: 559
Average SOLD condo price for May 2017: $147,421
Increase of 42 more condos SOLD over month prior.
Average SOLD price increased $1,003 over month prior.

Wrap Up

As you can see, the Myrtle Beach real estate market is pretty strong right now and is continuing to increase month over month. Over the past few years we have seen increases in home values of 7%-10% each per year. If you have been thinking of buying a home in the area, you might want to consider talking to a Myrtle Beach REALTOR® soon as home prices are going up as well as interest rates on mortgages. As this trend continues, your ability to purchase will continue to decrease. Contact me today for to get your search started or call me at 843-222-9402 now.

Mar 23 2017

Myrtle Beach Real Estate Market Update March 2017

The spring real estate market in Myrtle Beach is here! We are gearing up for an all out crazy spring housing market based on the amount of business we have already experienced this year during the first three months of the year. As someone who has been a Myrtle Beach real estate agent since 2001, I have to say that this has been one of the busiest beginnings to the year that I can remember in a long time. The last time I remember working with this many buyers & sellers in the first three months of the year was probably back in 2006.

Below I’ve attached a video from our local real estate association that highlights some of the key elements in our market for the month of March 2017. Take a look at it:

The one key statistic I would like to focus on is this one:

What this graphic is trying to say is that in the first three months of the year, we have seen a 6.2% price increase on single family residential sales to a median price of $215,000. Homes that last year sold in December for around $202,000 are now up to $215,000 in just a three month period of time.

The other alarming graphic that I found in this report was that the housing inventory has gone down 8.7% from February 2016. What this means is that while sellers are getting more for their homes they sell, there is less options out there at this time for buyers to pick from. This also equates to sellers having even more leverage during the transaction due to less demand.

What all this means is simply this. If you have been thinking about selling your for the past few months to either buy something larger, smaller, or a different section of Myrtle Beach, there is no time better to do it than now. Contact me today to learn what I can do to help sell a Myrtle Beach Home and get it sold for you for top dollar.

Dec 03 2016

National Housing Report For November 2016

Wondering how the real estate market is doing in Myrtle Beach? We are basically in line with the national housing report that was recently launched by RE/MAX Corporate. Take a look at the video below to learn more.

If you are thinking of selling your home and would like an updated market analysis on what your home is worth and how quickly it could sell in Myrtle Beach, contact us today.