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Little River Real Estate Market Trends – South Carolina

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Little River Real Estate Market Conditions and Trends

Homes for Sale > Real Estate Market > South Carolina Real Estate Market > Little River Real Estate Market

Winter 2012 Market Update If you can qualify, now is an exceptional time to buy a home in Little River. Low rates, which are starting to rise! with low home prices, and a ton of inventory makes this a buyer’s market and purchasing a home now will get you a great deal, and the value can only go up! Call now for more information at John: 843-504-0559 or email me at jkim@oceaninvestments.com
Average Home Price	$175,000 - View Graph Trend

Average Price Compared to Last Year	No Change

Average Time on Market	More than 120 days

Best Selling Price Range	$150,000 - $199,000

Worst Selling Price Range	$750,000 - $799,000

Prices As % of Asking Price	95-100%

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

Market Trend	Increasing

Buyers’ or Sellers’ Market	More sellers than buyers

Buyer Activity for the past 90 days in Little River is	Increasing

Seller Activity for the past 90 days in Little River is?	Increasing

Multiple Offers?	Yes

Multiple Offers Commentary	Although most properties are not getting multiple offers, some definitely are and they are the short sales and foreclosures. There are still quite a few of them on the market, which is keeping the prices down and stable for now, but more and more of these are selling faster, and less are on the market everyday. Soon, when all the distressed properties are almost totally gone, the prices will start to rise steadily. However most of the properties that are priced correctly are selling much faster(usually 50% to 60% faster) than those that are not priced correctly.

What Percentage of the Current Housing Inventory are Foreclosures and/or Short Sales?	10-15%

Is Financing Available For Qualified Buyers?	Yes

Comments on Financing For Qualified Buyers	For the most part, financing is readily available, especially for any type of property other than a resort style condos. These types of loans have become extremely tough, even for the very well qualified buyer. The good news is, there are still lenders willing to give resort style condo loans, but they are not as easy as they once were. Please call me for more details.

Housing Inventory	Good supply - Some Prices

Greatest Activity	Investors

Reason to Buy/Sell	Population Growth

Nearest Metro Area	Myrtle Beach

Housing Hot Spots	Conway, North Myrtle Beach, Loris, Longs, Myrtle Beach, Carolina Forest, Ocean Isle, NC, Sunset Beach, NC, Calabash, NC,

Average Sold Price	$175,000 - View Graph Trend

Little River Local News

News for Little River, SC - December 5th, 2011 9:11am
We've had 110 residential homes and 74 condo/town homes sold in the past 6 months in Little River, SC. The median sold price for single family homes was $157,746, with the median days on market of 153 days per home. The median sold price for a condo/town home was $80,950 which had a median days on market of 141 days. There are currently 215 single family homes on the market in Little River, with a median asking price of $182,990. There are currently 234 condos/town homes on the market, with a median asking price of $109,900. Single family homes have picked up nicely over the last 6 months with some nice gains, but condos have taken a bit of step back as far as sold unit and sold prices.

News for Little River, SC - June 8th, 2011 3:41pm
Please check out my blog, which is called Distressed Properties - Myrtle Beach. You can get the latest news on foreclosures, short sales and general tips for buyers and sellers. Here is the URL:
www.distressedproperties-myrtlebeach.blogspot.com

Thanks so much!

News for Little River, SC - March 16th, 2011 6:00pm
Please check out my blog, which is called Distressed Properties - Myrtle Beach. You can get the latest news on foreclosures, short sales and general tips for buyers and sellers. Here is the URL:
www.distressedproperties-myrtlebeach.blogspot.com

Thanks so much!

News for Little River, SC - Tuesday April 13th, 2010 4:49pm
Hi Everyone! Spring is here and activity is increasing steadily. The bottom has come and gone, its time to buy soon, or you will be loosing money! Come see me and let me provide you with excellent service!

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John Kim

843-504-0559

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Blog Archives

April 2010 (1)

Mortgage Rates

– Feb 9th, 2012 –
---------------------------------

30 yr. fixed rate: 3.89%
15 yr. fixed rate: 3.21%
30 yr. jumbo rate: 4.66%
15 yr. jumbo rate: 3.99%

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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(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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