Garden City Real Estate Market Report - Horry, South Carolina
Garden City, South Carolina - Horry County
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Sylvia Simpson

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

Report DateFall 2009
Nearest Metro AreaMyrtle Beach
Buyers’ or Sellers’ MarketMore sellers than buyers
Average Time on MarketMore than 120 days
Market TrendDecreasing
Housing InventoryGood supply - Some Prices
Average Home Price$325,000 - View Graph Trend
Best Selling Price Range$250,000 - $299,000
Worst Selling Price Range$1,000,000+
Compared to Last YearDown 5-10%
Prices As % of Asking Price95-100%
Multiple Offers?Yes
Multiple Offers CommentaryBank owned properties and short sales are getting multiple offers but your conventional sellers are motivated by the REO and short sale market.
Greatest ActivityInvestors
Buyer Activity for the past 90 days in Garden City isIncreasing
Seller Activity for the past 90 days in Garden City isIncreasing
Is Financing Available For Qualified Buyers in Garden City?Yes
Existing Home Prices for the past 90 days areNo Change
What Percentage of the Current Housing Inventory are Foreclosures and/or Short Sales?10-15%
Housing Hot SpotsAll 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.
Reason to Buy/SellLower 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.
Average Sold Price$325,000 - View Graph Trend

National Real Estate Market
National Summary: National Housing Market Recovery Near?

Latest HouseHunt Random Survey Finds Encouraging Signs - First Time Buyers Taking Advantage of $8,000 Tax Credit

Like the legendary phoenix which rose renewed from its ashes, the U.S. housing market appears to be on the verge of emerging from the worst real estate market in three years. Several encouraging signs are there.

Click here for full article...


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Sylvia Simpson
Sylvia Simpson
Watermark Real Estate Group
Garden City Beach, South Carolina
803-804-1008
ssimpson@watermarkagents.com
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Watermark Real Estate Group

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!!!


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803-804-1008
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(NOTE: Because current market conditions can change rapidly in any given marketplace, please check with the exclusive HouseHunt, Inc., real estate agent for this territory before acting on this information.)
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