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Grand Strand Market Report
February 2018 was another strong month for the Grand Strand with single-family residential and condo sales volume up 5.8% and 8.8%. Median sales prices for
single-family residential, condos, and residential lots are all up 6.5%, 1.2%, and 50.3%, respectively.
Single-family residential sales volume is up 5.8% compared to February 2017 and up 6.5% year-to-date. Median sales price is up to $220,811, a 2.6% increase from February 2017. Sales prices for new construction are also up 8.1% while sales prices of resales are down 2.1% when compared to February 2017. The average sold-to-list ratio for Single-family residential sales in February was 95%, down 200 basis points compared to the same month in 2017.
Condo sales activity and the median sales price increased 8.8% and 1.2%, respectively, compared to February 2017. Condo inventory continued to tighten as inventory is down as compared to prior year levels: down 14.0% compared to February 2017. The average sold to list ratio for condo sales in February was 94%, up 200 basis points compared to the same month in 2017. Condo inventory continues to fall as year-over-year inventory has fallen for five consecutive years.
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Garden City Beach Home Prices
The chart below shows the average sales price of property in Garden City Beach during the month of February 2018 compared to the same month as last year. The average single-family home price was up 24.9% at $581,889, while the average townhouse/condo price was down 4.2% at $179,850.
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 1.2% at $283,438 and the average townhouse/condo sales price was up 19.9% at $118,141.
Likewise, the average Murrells Inlet single-family home sale price was up 6.2 percent at $293,938 and the average townhouse/condo sale price was up 4.1% at $156,911. All statistics are compiled from sales during the month of February 2018 compared to the same month the previous year.
Click here for your printable February 2018 local market update for Garden City Beach and Murrells Inlet.
Click here for your printable February 2018 local market update for Surfside Beach.
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Home Improvement Projects for Less Than $500
Home improvement doesn't have to break the bank. You can freshen up the spaces in your home or investment property with a number of small projects that cost less than $500, and make you feel like you spent a lot more! Here are some basic ideas.
Paint Power
Painting is one of the cheapest and easiest home improvements to make. A fresh coat of paint will make any room look as good as new, which is sure to add value. Choose colors that are popular to give a more modern, up-to-date look, or stick to the neutral classic colors. At around $25 a gallon, paint is an inexpensive way to improve your home's desirability and is something that just about any homeowner can tackle on their own. While you're at it, look up...do you have that outdated popcorn ceiling? Scrape that texture away to get rid of the dated looking ceilings.
Borrow Ideas
Instead of hiring a designer who will inevitably give you a lot of expensive ideas, such as tearing down walls or pulling up perfectly good flooring, just copy what others have done. You can find all sorts of ideas in books and magazines and on interior decorating TV shows, Pinterest and other websites. To keep to a tight budget, pick projects that can be completed yourself.
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4975 Highway 17 Business
5 Bedrooms / 4 & 2 half Bathrooms
$744,000
Creek Front
Murrells Inlet
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Listed By Douglas Morris
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12 Pointe Gilead
3 Bedrooms / 3.5 Bathrooms
$389,000
Creek Front
Murrells Inlet
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Listed By The Prime Group
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192 Collins Glenn Drive
4 Bedrooms / 2.5 Bathrooms
$237,000
Collins Glenn
Murrells Inlet
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Listed By Jean Schmaus
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709 Surf Master II
1 Bedroom / 1.5 Bathrooms
$165,000
Ocean Front
Garden City Beach
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101 Surf Master I
3 Bedrooms / 3 Bathrooms
$369,900
Ocean Front
Garden City Beach
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107 Gulf Stream Villas
4 Bedrooms / 4 Bathrooms
$549,900
Ocean Front
Garden City Beach
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Listed By Bobby Streett
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111 Yucca Avenue
3 Bedrooms / 2 Bathrooms
$398,000
Ocean View
Garden City Beach
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Listed By Cal Harrelson
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2115 South Waccamaw Drive
6 Bedrooms / 6 Bathrooms
$1,795,000
Ocean Front
Garden City Beach
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Listed By William Hewitt
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527 North Dogwood Drive
4 Bedrooms /4 Bathrooms
$495,000
Creek Front
Garden City Beach
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Listed By Denise Coleman
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322 South Dogwood Drive
6 Bedrooms / 4 Bathrooms
$569,000
Creek Front
Murrells Inlet
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Listed By Drew Streett
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Search Garden City Realty's listings or all of MLS
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Myrtle Beach Pelicans announce promotional schedule for 2018 season
Winning has been a common theme for the Myrtle Beach Pelicans in recent years.
In 2018, as the Class A-Advanced affiliate of the Chicago Cubs try to continue that trend, there will be plenty of fun themes for fans to enjoy while attending games at TicketReturn.com Field at Pelicans Ballpark.
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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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Surfside Beach Easter Egg Hunt and Kid's Fair
Sunday, March 31, 1-4 p.m.
H. Blue Huckabee Park
499 Spanish Oak Drive, Surfside Beach
The Egg Hunt will begin at 1 p.m. for the first 500 children ages 10 & younger. Children will hunt for the eggs and receive a prize bag.
The Kid's Fair will begin at 1:30 p.m. and continue until 4 p.m., with train rides, inflatables, face painting, and balloon art for the children free of charge. Sno-cones, popcorn, cotton candy and funnel cake concessions will be available for purchase. Surfside Christian Church will be cooking and giving away hot dogs, hamburgers and drinks. Characters on site will be Easter Bunny, a princess and a superhero.
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Garden City Beach, SC 29576
843-651-0900 | 866-257-2189
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