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Archive for April, 2015

VIDEO: Grand Strand market snapshot

Friday, April 24th, 2015

Homes Closed: 1,492 (2015) vs 1,301 (2014)
Up 14.5%
Median Sale Price: Up 2.3%
Inventory: 4,100 (2015) vs 4,300 (2014)
Down 4%
Condo Units Sold: 960 (2015) vs 920 (2014)
Up 4.3%
Condo Inventory: 3,150 (2015) vs 3,700 (2014)
Down 17%
Condo Median Price: Up 2%
Single-Family Days on Market: 159 (2015) vs 159 (2014)

Alright, that’s A LOT of numbers – what do they mean for you? When looking at the numbers for single-family homes, you can see that most of the activity in the Grand Strand is taking place in that market. Condos are a secondary market for the most part, as they are more of a luxury item, but we’re still seeing good signs in that market.

If you have questions about how these trends affect you and the value of your home, give us a call or shoot us a quick email. Even if you’re not interested in buying or selling, we’re always available to chat about market conditions in the Grand Strand!

VIDEO: Trends In Myrtle Beach New Construction

Sunday, April 12th, 2015

Today, Joe Pezzullo, a Sales Manager with Builders FirstSource, is here to discuss the boom in new construction we’ve seen here in Myrtle Beach.

In 2014, nearly half of the single-family home closings were new construction. Joe says one trend he’s noticed is a focus on outdoor living. In fact, it’s one of the main reasons people move to Myrtle Beach: they are leaving a cold area and want to spend as much time outside as possible. Most homeowners used to be content with a traditional porch, but recently, we’ve noticed a desire for sun rooms and outdoor kitchens and living areas.

Many of the people who move here are retirees, and Joe has noticed that this market wants a property that requires little to no maintenance. The emphasis for retirees is windows, doors, trims, and sidings; they prefer prefinished products to wood because they are easier to maintain. Most retirees want things that add value to their home, while requiring little to no maintenance.

If you have any questions about building trends here in Myrtle Beach, or if you would like some tips on how you can add value to your home, I would love to chat. Give me a call or shoot me an email for any and all of your real estate needs! I look forward to hearing from you soon!