market reports | Myrtle Beach Homes | Carolina Forest Homes

May 04 2015

National Housing Report April 2015

RE/MAX International recently released a market report for April 2015 with some pretty impressive numbers. While things are all moving in the right direction, our local Myrtle Beach real estate market is seeing very similar results. Inventory is going down, number of sales are going up, and so are prices.

So what does all this mean for our local Myrtle Beach real estate market? It means that if you have been on the fence about selling your home for the past few months, now is a great time to get it on the market. Historically, the late spring/early summer market has been very strong here in Myrtle Beach. The time to sell your home is probably the strongest it has been since 2006.

As I had mentioned at the beginning of the year, 2014 was a record sales year for Myrtle Beach Sing Family homes. If the first quarter of 2015 is any type of predictor for what this year will hold, things are on pace to shatter that record again this year.

If priced competitively, there is no reason your home should not sell in a timely manner. For more information on selling your home, fill out the form below and I will contact you to meet together and discuss what I feel your home should sell for.

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I look forward to hearing from you soon and working with you to get your home SOLD here in the Myrtle Beach & surrounding areas.

Feb 05 2015

Carolina Forest Real Estate Market Update For January 2015

As we entered into 2015, the Carolina Forest Real Estate market has been blazing along just as it did in 2014. Currently there are approximately 593 single family homes for sale in the Carolina Forest area (zip code 29579). Prices range from $36,000 for a manufactured home on leased land to $3,499,000 for a 5 Bedroom Home for sale in Grande Dunes Riviera Village on the Intracoastal Waterway.

The average active price for homes for sale in Carolina Forest is currently $339,239 and a median listing price of $265,590. One of the great things about homes in Carolina Forest is that there is a wide variety to choose from. There are some 2 bedroom homes and then for those who need more rooms, you can find some current homes for sale with up to 7 bedrooms. There are homes for sale on a golf course, home for sale on the Intracoastal Waterway, and so many more choices.

Sold Homes In Carolina Forest

During the past 60 days, the Carolina Forest real estate market has also been abuzz with properties selling. Over 100 homes have sold ranging from a low price of $42,000 to a high price of $1,503,000. The average sold price for properties sold from 12/1/14 to 2/1/15 was 272,647 and a median price of $220,000.

On average, the number of days to sell one of these homes in the Carolina Forest area was 173 days with a median time frame of 125. However some homes took longer at 1226 days. The fastest home to sell in Carolina Forest during this time period was only 1 day.

If you have been considering selling your Carolina Forest home, let my aggressive online marketing plan provides great exposure for my listings to my over 30,000 connections online. This results in homes getting sold quickly for closer to listing price. If you have been considering selling your home, fill out the form below and I will contact your with a free market analysis of the current value of your home.

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Now is probably the best time in the past 7 years to sell your home after the record breaking sales year that Myrtle Beach real estate experienced in 2014.

Jan 10 2015

10 Most Expensive Homes Sold On The Grand Strand In 2014

The 2014 Grand Strand real estate market finally saw what many have been predicting for many years, an upswing in prices and number of properties sold. Prices began to rise and more consumers were finally making the decision to buy or sell in 2014. This trend was also seen in our luxury home market. As the new year begins I thought it would be fun to share what the 10 most expensive homes sold along the Grand Strand were in 2014.

Below is a list of the 10 most expensive residential homes that sold according to the Coastal Carolinas Association of REALTORS®. This list does not include commercial property or vacant land:

10: 157 Prospect Point Loop Georgetown, SC 29440- $1,975,000

This 4 bedroom, 4.5 bath home in DeBordieu Colony built in the year 2000 features over 5,300 square feet under roof with an in ground pool and private boat dock. It was listed by Perry Peace and sold by Geoffrey Groat, both of DeBordieu Colony Real Estate.

9: 1207 Debordieu Boulevard Georgetown, SC 29440- $2,100,000

This beach house featured 6 bedroom 6.5 bath was also located in DeBordieu Colony. This spacious home is over 7,400 square feet under roof. The ocean views from the living room and private deck on the master bedroom made this property very popular. This home also had an elevator to make traveling between levels a breeze. Property was listed by Geoffrey Groat and sold by Perry Peace, both of DeBordieu Colony Real Estate.

8: 4902 North Ocean Boulevard North Myrtle Beach, SC 29582- $2,100,000

This luxury ocean front 7 bedroom 7.5 bath home in North Myrtle Beach showcased a pool, hot tub, private walk way to the beach, outdoor stainless gas grill, and a gourmet kitchen that chefs would love! This was a new construction home built in 2014 with over 6,400 square feet. Listed by Kim Stevens of RE/MAX Southern Shores & sold by Robin Allen of Coldwell Banker Chicora.

7: 29 Beach Walker Court Georgetown, SC 29440- $2,106,000

Home features 6 bedrooms and 7 full baths. Built in 2004 this home is rather spacious with over 7,600 square feet. Listed by Perry Peace of DeBordieu Colony Real Estate and sold by Darissa Thompson of The Lachicotte Company.

6: 1202 North Ocean Boulevard North Myrtle Beach, SC 29582- $2,265,000 (pictured above)

Photo Credit: Ty Bellamy — Photos by Ty Bellamy

This stunning 6 bedroom, 4 bath ocean front home in North Myrtle Beach featured spacious rooms with fantastic ocean views. Built in 2005 and meticulously maintained with plenty of upgrades throughout and over 7,000 square feet definitely helped to sell this awesome ocean front property in North Myrtle Beach.

Home was Listed by Scott Ellis & Ty Bellamy RE Sales Team of RE/MAX Southern Shores and sold by Joyce White of White Shoreline Realty.

5: 1357 South Waccamaw Drive Garden City Beach, SC 29576- $2,400,000

Home was built in 2011 and features 8 bedrooms and 8.5 baths. This oceanfront home was being sold furnished and featured great views of the ocean from many rooms in the house. According to the listing agent this property also had great rental history, an inground pool and over 7,000 square feet. Kevin DeRenzo of Beach Realty South was both listing and selling agent.

4: 101 Atlantic Avenue Pawleys Island, SC 29585- $2,825,000

This unique 6 bedroom 5.5 bath ocean front property was surrounded by water on three sides. Features include a home theater room, elevator, floating dock, and so much more. Listed by Walter Mc Elveen of Pawleys Island Realty and was sold by Perry Peace of DeBordieu Colony Real Estate.

3: 1301 Norris Drive Pawleys Island, SC 29585- $3,152,500

This fabulous 5 bedroom, 5 and 2 half bath home in Pawleys Island featured both great ocean views and also creek front views. Built in 2001 with over 6,000 square feet this home boasted 20′ ceilings. Listed by Jamie Beard of The Litchfield Company and sold by non MLS agent.

2: 451 Beach Bridge Rd Pawleys Island, SC 29585- $3,200,000

6 Bedrooms, 6.5 baths are in this special ocean front home situated on over 1 acre of land. Finding an ocean front home with this much land is quite a rare find in our area. The home was built in 2001 and has over 6,000 square feet and is a chefs dream kitchen with two of every appliance. Property was listed and sold by Martin Phillips of The Litchfield Company.

1: 164 Colony Pointe Drive Georgetown, SC 29440- $4,650,000

It’s no surprise that the most expensive home sold in 2014 was located in DeBordieu Colony as four of the ten most expensive homes on our list are located in this development. This majestic home featured breathtaking views of the Atlantic Seaboard. The property had been fully renovated over an 18 month period in which no expense was spared. The master suite occupies the top level and has retractable walls to provide complete unobstructed views for miles.

This home was also the largest of our 10 most expensive homes sold along the Grand Strand in 2014 with over 9,400 square feet. Listed by Geoffrey Groat and sold by Troi Kaz, both of DeBordieu Colony Real Estate.

So what does this mean for 2015? Personally I think we will continue to see this trend continue of more luxury properties selling this year. As mentioned the other day, this year has started off faster than any other in the past 8 years with a 300% increase in real estate inquiries.

I think one thing that will help push to make our Myrtle Beach luxury market even stronger is the great values on property here compared to other parts of the country. Remember the other week when I shared about the property for sale in California for 195 million dollars? You can definitely find luxury homes here for a fraction of the cost.

Check out below our current luxury homes for sale in Myrtle Beach. They are listed from most expensive to least.

Go here if you would like to see a complete list of current Myrtle Beach Luxury Homes for sale. Feel free to contact me with any questions you may have or if you would like to schedule an appointment to view one of these homes. If none of these homes meet your current needs, you can register an account for free and receive new listings straight to your inbox as new properties hit our market.

Jan 06 2015

Myrtle Beach Real Estate Inquiries Increase 300% To Start 2015

As 2015 begins, The Myrtle Beach real estate market is continuing to show strong signs of success. Local experts have been predicting that while the year 2014 was a good year for the local real estate market, 2015 would be even stronger. Personally I would tend to agree after just the first five days of this new year.

In the first 5 days of 2015, I have already seen a 300% increase in buyer lead inquiries for people looking to purchase a Myrtle Beach property over the average number of inquiries per week that I have received over the past 6 months. What makes this stat even more interesting is that normally, the month of January is one of the slower months in a year for buying or selling a home.

Typically the first few months of the year are rather slow for a Myrtle Beach real estate agent. We normally spend a lot of January and February preparing for our busy spring market that usually begins during March and then stays busy throughout the fall.

This increase in inquiries from both buyers and sellers is a welcome change to see this early in the year. If this is a foreshadow of what the rest of 2015 is going to look like, then people who have been thinking of selling their property in Myrtle Beach, now is the time to do so.

Over the past six months I’ve spoken with several potential sellers who have considered selling their home in Myrtle Beach who were not quite ready to do so. They felt either the market has not recovered, or that their home would not sell because of lack of buyers in our local market. This current upswing in buyer traffic proves that 2015 might be one the best opportunities to sell your home that we have seen in the past 8 years.

If you have a property you are thinking of selling in the Myrtle Beach area, feel free to contact me to learn how my powerful online marketing plan can help sell your home in 1/3 the average time on market.

Dec 05 2014

Waterbridge Home Market Update- November 2014

Waterbridge is a wonderful home community in the heart of the Carolina Forest area of Myrtle Beach. Currently, Waterbridge has 9 homes for sale ranging in price from a low of $389,900 up to $639,000. The current average listing price is $457,106 and median listing price in Waterbridge is currently $446,257.

Of the current 9 homes for sale in Waterbridge, surprisingly only two of the listings are 3 bedroom homes. In contrast, there are currently six listings in Waterbridge that are 4 bedroom homes. In addition, there is one 5 bedroom currently for sale.

Here are the 6 most expensive homes currently for sale in Waterbridge:

Waterbridge Homes That Have Sold

While it’s great to see Waterbridge homes selling, the question sellers want answered is: What Waterbridge Homes Are Selling & For How Much? According to the MLS, in the past month, one home sold in Waterbridge for 683,760. It was a 3BR/3BA home with over 2,700 heated square feet and over 4,300 square feet under roof which included an attached 2 car garage.

If you would like more information on homes for sale in Waterbridge, I’ve already done some custom searches to help make your job easier on finding the perfect home or lot for sale in Waterbridge below.

Search Waterbridge homes by price:

Search Waterbridge homes by bedrooms:

If you are thinking of selling your Waterbridge home and would like more information on the current value of your home, fill out this form to find out what your home is worth and receive a free market analysis for your home.