Grand Strand Market Report

According to the Coastal Carolinas Association of Realtors, March 2018 Grand Strand sales activity was down in March with single-family residential, condo, and residential lot sales all down compared to March 2017 levels. However, single-family residential sales activity maintains its growth rate at 3.3% for the year. 

Single-family residential sales volume is down 8.3% compared to March 2017 but is up 3.3% year-to-date. Median sales price is up to $225,000, a 7.1% increase from March 2017. Sales prices for new construction and resales are also up 1.7% and 10.4%, respectively, when compared to March 2017. The average sold-to-list ratio for single-family residential sales in March was 97%, up 200 basis points compared to the same month in 2017. 

Condo sales volume is down 21.2% compared to March 2017 and down 3.7% year-to-date. The median sales price decreased 7.3% compared to March 2017. Condo inventory continued to tighten as inventory is down as compared to prior year levels: down 12.4% compared to March 2017. The average sold to list ratio for condo sales in March was 94%, down basis points compared to the same month in 2017. Residential lot sales were down 6.4% in March compared to 2017. However, the median sales price increased to $52,500, up 2.4% compared to the same month in 2017. Sold to list ratios are at 83%, flat when compared to March 2017.

Click Here  to download the full report.
Garden City Beach Home Prices

The chart below shows the average sales price of property in Garden City Beach during the month of March 2018 compared to the same month as last year. The average single-family home price was up 38% at $595,320, while the average townhouse/condo price was down 3.9% at $173,953. 



Surfside Beach and Murrells Inlet

Additionally, according to data made available by the Coastal Carolinas Association of REALTORS, the average Surfside Beach single-family home sale price was down 8.8% at $275,045 and the average townhouse/condo sales price was up 19.8% at $119,903.

Likewise, the average Murrells Inlet single-family home sale price was up 6.7 percent at $295,505 and the average townhouse/condo sale price was up 3.1% at $156,384. 

All statistics are compiled from sales during the month of March 2018 compared to the same month the previous year.

*Complete printable March local market update for Garden City Beach and Murrells Inlet is not available at this time. 

*Complete printable March local market update for Surfside Beach is not available at this time. 
 
Spring cleaning tips
  • Remove water stains with lemon for a natural faucet fix
  • Clean your microwave by heating lemon juice and rinds in water.
  • Use white vinegar to beat shower head buildup.
  • Clean stainless steel sinks with baking soda.
  • Use newspaper to clean dirty windows and mirrors.
  • Organize your fridge and cabinets with rotating turntables.
  • Remove water stains with lemon for a natural faucet fix.
  • Clean your microwave by heating lemon juice and rinds in water.
  • Use white vinegar to beat shower head buildup.
  • Clean stainless steel sinks with baking soda.
  • Use newspaper to clean dirty windows and mirrors.
  • Organize your fridge and cabinets with rotating turntables.
Homeowners: May is the Best Month to Sell
 
If you are considering listing this spring, now is the time.
May is the best bet for home sellers, according to an analysis by ATTOM Data Solutions, which found that the average seller gains 5.9 percent more than market value-the highest of all months-in the fifth month of the year.

June is profitable for sellers, as well, with an average 5.8 percent premium, with June 28, pointedly, reeling in 9.1 percent-the best day of the year. May 29 and May 31 are also high-returning, with an 8.2 percent premium and an 8.3 percent premium, respectively.

Brokers Best Buy
334 Hidden Court
The Hideaway at Palmetto Pointe, Myrtle Beach
3 Bedrooms / 2 Bathrooms
$184,999
Listed By The Prime Group
5740  Friendship Lane
Off 707 - Socastee, Myrtle Beach
10 Acres - Residential Land
$296,500
Listed By Drew Streett
1666 South Waccamaw Drive
2nd Row / Ocean View,  Garden City Beach
5 Bedrooms / 4 Bathrooms
$749,000
Listed By Drew Dellinger
3577 Marion Lane
Creek Front,  Murrells Inlet 
3 Bedrooms / 3 Bathrooms
$1,279,000
Listed By Denise Coleman 
111 Yucca Avenue
Ocean View,  Garden City Beach
3 Bedrooms / 2 Bathrooms
$398,000
Listed By Cal Harrelson 
3 Moss Creek
East of Highway 17,  Murrells Inlet 
2 Bedrooms / 2.5 Bathrooms
$144,900
Listed by Bobby Streett
Search Garden City Realty's listings or all of MLS

Wings Over Myrtle Beach Air Show
Saturday & Sunday April 28-29
The Blue Angels will return to Myrtle Beach in April after a 10-year hiatus for the Wings Over Myrtle Beach Air Show at the Myrtle Beach International Airport. 
Air show events will stretch over two days - April 28 and 29 - with performances by the Blue Angel Flight Demonstration Squadron, ASAF F-16 Viper Demo Team, and the GEICO Skytypers Air Show Team. 

Spring has sprung! It's time to get out and enjoy all the local events and activities. Want to know what's going on this month,  click here  to find out.
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608 Atlantic Avenue 
Garden City Beach, SC 29576
843-651-0900 | 866-257-2189