Myrtle Beach Real Estate | Myrtle Beach Homes | Carolina Forest Homes

Jan 06 2017

Most Expensive Homes Sold On The Grand Strand In 2016

The year 2016 has flown by and we are once again at the annual Most Expensive Homes Sold along The Grand Strand. This is my third installment of the most expensive homes sold in Myrtle Beach. If you want, you can check out 2014 here and 2015 here. Below you will find listed the 10 most expensive homes to sell during 2016 along The Grand Strand from least expensive to most expensive.

10. 110 Parker Drive Pawleys Island, SC 29585- $1,825,000 This 5BR/4BA oceanfront beauty in the southern end of the beach was said to be on one of the largest lots in North Litchfield Beach measuring 85′ x 397′. It also featured a Viking stainless steel appliances and has potential for over $120,000 in gross rental income per year. This home sold for list price in only 64 days.

9. 1210 Parker Drive Pawleys Island, SC 29585- $1,875,000 Staying on the same street, this 5BR/5BA home sold for the same price. This oceanfront home was built in 1998 and had over 8,500 square feet under roof with all of the porches & decks it possessed.

8. 95 Inlet Creek Ln Georgetown, SC 29440- $2,000,000 This 4 BR/4.5 BA home was located in DeBordieu Colony featured 270 degrees of marsh views from this almost 7,000 square foot home with copper roof, and garage for your golf cart as well.

7. 4803 S. Ocean Blvd Myrtle Beach, SC 29575- $2,000,000 Located in Myrtle Beach was this 8 BR/ 8.5 BA oceanfront home that was built in 2013. Some of the highlights of this home include three oceanfront master suites and a private heated pool.

6. 5003 S. Ocean Blvd Myrtle Beach, SC 29575- $2,000,000 Staying oceanfront in Myrtle Beach is our next home, a 7 BR/ 7.5 BA home with close to 6,000 heat square feet. This home was a rental machine bringing in excess of $225,000 annually.

5. 178 Sea Oats Circle Pawleys Island, SC 29585- $2,010,000 This 4BR/ 4.5 BA home located in Litchfield By The Sea’s Charlestowne Grant offered large living rooms, and an oceanfront master suite. This home also features a spiral staircase leading to a rooftop deck overlooking the ocean.

4. 2602 N Ocean Blvd North Myrtle Beach, SC 29582- $2,140,000 Our only home making the list this year from the northern end of the beach is this oceanfront 8 BR/ 8.5 BA property. This home built in 2012 features three living levels and can sleep 26.

3. 1701 S. Waccamaw Drive Garden City Beach, SC 29576 $2,195,000 An oceanfront entertainers delight is probably the best way to describe this home wth it’s over 5,000 square feet of entertainment area inside. Features outdoor pool & hot tub.

2. 1065 Norris Drive Pawleys Island, SC 29585 $3,000,000 Get the best of Both worlds at this 6 bedroom home in The Penninsula at Inlet Point featuring creek and marsh views on one side of the house while the other side features phenomenal oceanfront views.

1. 500 Myrtle Avenue Pawleys Island, SC 29585 $3,000,000 There were two homes this year that tied for the most expensive properties sold in Myrtle Beach at 3 million. This beauty has over 145 feet of Atlantic Ocean frontage and 50 feet of wraparound covered porches. There’s no wonder this home was one of the most expensive homes sold in Myrtle Beach during 2016.

So now that I’ve share the most expensive homes sold, what does this mean for the Myrtle Beach Luxury Homes market in 2017?

Myrtle Beach Luxury Market Stronger Than Ever

In 2016, more homes over one million dollars have sold in Myrtle Beach than in 2014 and 2015. In 2014, there were 49 Million dollar homes that sold for a total of $77 million in inventory. In 2015, there were 64 million dollar properties that sold for a total inventory of over 95 million. While these numbers are impressive, 2016 was even more. 2016 saw 72 luxury homes in Myrtle Beach sell, setting the highest number sold at 72 homes. This equated to over 101 million dollars in inventory sold, marking the highest amount in the past several years.

While the number of Myrtle Beach Luxury homes being sold is trending up, the property prices seem to be trending down. Both of the highest priced homes sold in 2014 & 2015 had a 4 million+ price whereas the highest price home in 2016 was much less money at an even 3 million. The most expensive home sold in 2016 was over 25% less money that the two previous years. While price is less, the size and quality of home remained the same. What this means to me is that the luxury market here in Myrtle Beach is becoming even more affordable than in previous years. What my research also showed me is that more and and more people are realizing just how affordable real estate is in Myrtle Beach compared to other parts of the country.

Breaking the Sales Down

When you break down the 72 sales of homes over 1 million dollars in Myrtle Beach, you can do it in several ways. The first way I like to look at these is how these properties were sold. Thirty-Four of the sales were made by cash while thirty-six were financed. It’s interesting to see that almost half of this big purchases were made by cash.

When you break down the sections of the beach, more luxury homes were sold in Pawleys Island than any other section of the beach with 29 homes. Myrtle Beach zip codes came in second with 21 properties sold, Garden City with 12, North Myrtle Beach with 7, and Little River had one home sell for over a million dollars. So, if you are looking for a luxury property, your best bet is to look either in Pawleys Island or Myrtle Beach it would seem.

What’s Available For Sale Now?

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

Here are the Million dollar properties in Pawleys Island.

If you are interested in learning more about our luxury home market on The Grand Strand, give me a call at 843-222-9402 or contact me today.

Jan 27 2016

The Life Of A Real Estate Agent

RE/MAX just released their newest marketing campaign and I think it is fantastic. Their tagline “Doing more from FOR SALE to SOLD- That’s the sign of a RE/MAX agent.” I think sums it up perfectly. Unlike some of the discount brokerages that are out there, we do more to help our clients get their homes sold or help a buyer to purchase a home. There are many things that we as agents do that never get reimbursed for.

One of the questions I get asked the most as a Myrtle Beach real estate agent is what exactly do I do on a daily basis. Many people who buy or sell a home only see the commission that I collect when there is a successful contract that gets accepted, and gets to the closing table. For some, they feel it’s way too much money that we receive. What many do not realize, is that until you close on the property, you do not make a paycheck normally.

This means the countless hours you spend search through the MLS searching for properties for a client, time spent driving around Myrtle Beach showing properties, does not generate a paycheck. If you have a client that cannot get financing and you’ve spent the past 6 weeks showing them properties, writing up offers, doing home inspections, and everything else, you don’t collect a paycheck.

If the person decides after working with you for countless hours not to purchase a property and use you, you don’t get paid for those services. If they have not signed up with you a buyers agency agreement, you can spend months working with someone to have them go buy with someone else and you never receive any reimbursement.

We spend time working hand in hand with the lender to make sure that our buyers have their financing completed properly and on time for closing day. This is just one small item that we can end up spending countless hours on that is never even known by our buyers. Coordinating a closing between the bank and the attorney can sometimes be quite the balancing act to make sure all parties are prepared on closing day.

Of course, then there is the home inspection part. This is where things can sometimes become very tricky. While parts of the contract cover certain items pretty clearly, there are always areas of grey here that can really make a deal go awry quickly. While the contract doesn’t cover things like broken tiles, windows that don’t stay open, they are sometimes the cosmetic types of things that can make a deal fall apart when the buyers want them fixed and a seller refuses. If we can’t play the role of peacemaker, the deal can fall apart and with that so does our paycheck.

So in conclusion, while we might get a decent paycheck from time to time at closing, most people forget about all the work we have done over the past few months before getting to the closing table. As a RE/MAX agent, I’m proud to say I’m part of a team that goes above & beyond average to make sure our clients get the best service possible.

Jan 20 2016

Does Your Resolutions This Year Include Selling A Home?

Wow, January is flying by us and it’s almost February already. I’ve been busy working on one of my resolutions for this year of making myself healthier. As you might or might know, I had a little scare right before the holidays that landed me in the hospital. I’ll write more about that at another time.

I’m wondering though, was one of your resolutions for this year to finally sell your home that is too crowded and upgrade to the larger property? Or maybe you have been renting the past few years and think it is finally time to settle down and purchase your first home in Myrtle Beach.

Whatever the thoughts might be, I’m here to assist you and your family with your real estate needs. If selling your home is on your mind, let me do a comparative market analysis for you to see how much your home is really worth. I’ll also share with you how my online marketing system can help get your home sold quicker and for more money by exposing it to my online network of over 37,000 connections.

Spring market is quickly approaching and has been known for many years as one of the busiest times of the year for real estate here in the Myrtle Beach area. Fill out the form below to be contacted about selling your property today!

Jan 19 2016

Myrtle Beach’s #1 Real Estate Firm Four Years In A Row!

Yesterday, my company RE/MAX Southern Shores announced once again that they have kept their position as the #1 real estate firm in Myrtle Beach. This is the fourth year in a row in which the company has sold more real estate than anyone else in the Myrtle Beach area. In 2015 our company sold over 300 million dollars in property!

I had fun working with my broker the other day to put together this video announcing our company was #1 again:

So if you are thinking of buying or selling a home in the Myrtle Beach area, feel confident working with the best. I’d love the opportunity to work with you on selling or buying your next property. Contact me today.

Jan 04 2016

10 Most Expensive Homes Sold in Myrtle Beach During 2015

A new year is upon us, which means it is time once again for the annual post of the 10 most expensive homes sold in 2015. Interesting enough, the 2014 version was the most popular post on my site for the year.

The average sold price for the 10 most expensive homes sold in Myrtle Beach area during 2015 was just over 2.45 million with the most expensive home sold at $4,245,000. Now, these homes didn’t sell quickly, the average days on the market at 445 days and two of the properties took well over 1,000 days to sell.

Also, these Myrtle Beach Luxury Homes do not fit within your normal cookie cutter mold on size. They ranged in size from 1932 heated square feet to the largest at just under 13,000. On average, these ten homes measured just over 5,000 square feet each.

Here’s a list of the 10 most expensive homes sold in Myrtle Beach during 2015. They are listed from least to most expensive:

Now that 2016 is upon, here are the current luxury homes for sale. If you are looking for luxury here in the Myrtle Beach area, these are the homes that fit the bill.

Take a look at these and if you would like any more information on any of these properties, do not hesitate to contact me.