The Myrtle Beach area has seen a surge in real estate demand and prices over the past year, driven by an influx of new residents seeking a coastal lifestyle. According to Zillow, the average Myrtle Beach home value stands at $301,361, showing a modest 0.3% increase over the past year, with homes typically going pending in around 27 days1. However, other sources report higher price growth and lower inventory levels, indicating a strong seller’s market. For example, Redfin reports that in December 2023, Myrtle Beach home prices were up 19.5% compared to last year, selling for a median price of $275K2. The Coastal Carolina Association of Realtors also shows that the median sales price in Jul...
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Myrtle Beach growth in the past two years
Tue, Feb 6th 2024 10:11 am by Mark Fitzgerald Calabash Real Estate
Feb 6
2024
10:11 am
Posted By Mark Fitzgerald No comments
Unlock the Potential: Myrtle Beach's Real Estate Surge - A Data-Driven Perspective
Wed, Jan 31st 2024 9:28 am by Mark Fitzgerald Calabash Real EstateIn the tapestry of thriving real estate markets, Myrtle Beach, SC, stands out, weaving a story of growth, opportunity, and prosperity. Over the last three years, this coastal haven has not just attracted sun-seekers but has captivated the hearts of homebuyers and investors alike, as evidenced by compelling residential sales data and an impressive climb in property values.
Dive into the numbers, and you'll find a narrative of undeniable growth. Residential sales have surged, with a staggering increase of 35% in the number of homes sold over the past three years. This surge isn't just about quantity; it's about quality and value. The average price per square foot has seen an equally remark...
Jan 31
2024
9:28 am
Posted By Mark Fitzgerald No comments