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Winter 2012 Market Update
If you can qualify, now is an exceptional time to buy a home in Myrtle Beach. Low rates with falling home prices makes a home purchase a great value! Call now for more information at 803-804-1008
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| Average Home Price | $350,000 - View Graph Trend |
| Average Price Compared to Last Year | Down 0-5% |
| Average Time on Market | More than 120 days |
| Best Selling Price Range | $150,000 - $199,000 |
| Worst Selling Price Range | $1,000,000+ |
| Prices As % of Asking Price | 90-95% |
| 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 Myrtle Beach is | Increasing |
| Seller Activity for the past 90 days in Myrtle Beach is? | Increasing |
| Multiple Offers? | Yes |
| What Percentage of the Current Housing Inventory are Foreclosures and/or Short Sales? | 20-25% |
| Is Financing Available For Qualified Buyers? | Yes |
| Housing Inventory | Good supply - Some Prices |
| Inventory Comments | We recently had an Oceanfront Home in Garden City 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. Ocean Front One bedroom Condos in Myrtle Beach are priced right! Certain Building and Units under $100,000 can generate $22,000 in gross rental income. |
| Greatest Activity | First Time Buyers |
| Reason to Buy/Sell | Lower prices with good selection and competitive interest rates creates a perfect time to buy in Myrtle Beach! |
| Nearest Metro Area | Myrtle Beach |
| Housing Hot Spots | Most cities within the Horry County area are considered ’Housing Hotspots’ |
| Average Sold Price | $350,000 - View Graph Trend |
Myrtle Beach Local News
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.
Click here for full article...
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.
Click here for full article...
Contact Information
Sylvia Simpson
803-804-1008
Request More Information Let me answer your questions!
Ask Me!
Blog Archives
Mortgage Rates
– Feb 10th, 2012 –
---------------------------------
30 yr. fixed rate: 3.89%---------------------------------
15 yr. fixed rate: 3.21%
30 yr. jumbo rate: 4.60%
15 yr. jumbo rate: 3.96%
Home Values
StreetZip Code
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Request More Information Let me answer your questions! Ask Me!
Sylvia Simpson
Watermark Real Estate Group
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 803-804-1008
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