Garden City Real Estate Market - View Garden City Real Estate Market Trends in South Carolina

Winter 2012 Market Update If you can qualify, now is an exceptional time to buy a home in Garden City. Low rates with falling home prices makes a home purchase a great value! Call now for more information at 803-804-1008
Average Home Price	$325,000 - View Graph Trend

Average Price Compared to Last Year	Down 0-5%

Average Time on Market	More than 120 days

Best Selling Price Range	$200,000 - $249,000

Worst Selling Price Range	$1,000,000+

Prices As % of Asking Price	95-100%

Existing Home Prices for the past 90 days are?	No Change

Market Trend	Decreasing

Buyers’ or Sellers’ Market	More sellers than buyers

Buyer Activity for the past 90 days in Garden City is	Increasing

Seller Activity for the past 90 days in Garden City is?	Increasing

Multiple Offers?	Yes

Multiple Offers Commentary	Bank owned properties and short sales are getting multiple offers but your conventional sellers are motivated by the REO and short sale market.

What Percentage of the Current Housing Inventory are Foreclosures and/or Short Sales?	15-20%

Is Financing Available For Qualified Buyers?	Yes

Housing Inventory	Good supply - Some Prices

Inventory Comments	We recently had an Oceanfront Home hit the market for $850,000. This home is slated to gross 86,000 in gross rental income this year. Please email or call me for more details.

Greatest Activity	Investors

Reason to Buy/Sell	Lower prices with good selection and competitive interest rates creates a perfect time to buy in Garden City! In many cases prices are 50% less than 2 - 3 years ago. It is a coastal town located south of Myrtle Beach and promotes itself as a family beach. Sales for condos and residential housing is much greater than this time last year.

Nearest Metro Area	Myrtle Beach

Housing Hot Spots	All of Horry County is a housing hotspot due to national economic conditions. The Grande Dunes has gotten the attention of many new retirees in this area. It is a very upscale developement with a marina as well as oceanfront properties.

Average Sold Price	$325,000 - View Graph Trend

Garden City Local News

News for Garden City, SC - Tuesday September 22nd, 2009 5:52pm
Wa are having a half price sale in the Myrtle Beach area with foreclosures driving the market. The time is favorable to pick up that great second home or enter the investment market. Prices on properties located close to the beach are 50% to 60% less than they were 2 years ago. There are still many great buys!!!

Contact Information

Sylvia Simpson

803-804-1008

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September 2009 (1)

Mortgage Rates

– Feb 13th, 2012 –
---------------------------------

30 yr. fixed rate: 3.89%
15 yr. fixed rate: 3.21%
30 yr. jumbo rate: 4.61%
15 yr. jumbo rate: 3.97%

Home Values

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Sluggish housing market in line for a better 2012, according to quarterly survey

The figures are still flat-lining, but there appears to be signs of life out there for a housing market that's dying for an upward tick of good news.

The up-and-down ride for real estate the past few years was seen again in the fourth quarter of 2011, according to a survey of HouseHunt real estate agents across the country. There are pockets of good news offset by bad, with home values and prices basically bumping along the bottom of the grid on a perceived never-ending rocky road.

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Garden City Real Estate Market Trends – South Carolina

Garden City Real Estate Market Conditions and Trends