Number of Properties Sold: April 30, 2012
As illustrated in the table below, among both single family and condominiums, the number of properties sold in April 2012 declined from April 2011. Oddly, though, during that same period, median prices increased in several categories (as illustrated HERE). />...
April 30: Year-to-Year Sales vs. Listings & Supply-Demand Indicators
As evidenced by the following graphs and stats, the gap between available inventory and sales has been closing. Condo Data: 2012 ratio of sales to listings: 72% 2011 ratio of sales to listings: 61% 2010 ratio of sales to listings: 545 2009 ratio of sales to listings:...
Myrtle Beach: Noise Issues Locals Know About; You Should Know Too
Myrtle Beach is a fabulous place to visit and live. But just like everywhere else, before you buy, you need to be aware of what's around you. Let's talk about noise. In today's Myrtle Beach newspaper, the Sun News, journalist Dawn Bryant reported on...
Pricing Trends as of March 31, 2012
Single Family Median Sale Prices As illustrated below, more or less, properties priced under $300K have remained stable over the past year. In the $300K to $450K price range, median prices increased in the last three month period. In the over $450K price...
Number of Properties Sold: March 31, 2012
As illustrated in the table below, the number of condos sold in March 2012 declined 10% compared to the same month in 2011. In February, condo sales were up sharply. It could be that the early spring weather caused some people who would have...
March 31: Year-to-Year Sales vs Listings
As evidenced by the following graphs and stats, the gap between available inventory and sales has been closing. Condo Data: 2012 ratio of sales to listings: 74% 2011 ratio of sales to listings: 69% 2010 ratio of sales to listings: 54% 2009 ratio of...
Cherry Grove Channels and Canals: Beware – Dredging Needed
"If dredging is not completed, rental properties along the channels could lose their appeal to vacationers causing property values to decline." North Myrtle Beach, SC: If you're buying a channel-front property in the Cherry Grove section, beware that many...
“Sand States” in Real Estate Defined
What is a Sand State? According to the FDIC article titled "The 2009 Economic Landscape" (published 04/27/2009): The historic boom and subsequent decline in the nation's housing market has been a defining feature of the current recession. The housing...
Property Sales Increasing – Up 13% in February
Single family homes sales have increased every month, compared to the same months in the prior year, five out of the last six months. In February 2012, sales of single family homes were up 13% over February 2011. Interestingly, over the last six months, sales of...
Pricing Trends as of February 2012
Clearly, over the last year, single family prices have remained stable for properties priced under $450K. As illustrated below, median prices of $450K+ single-family properties have fluctuated. In the prior 6- to 12-month period, the median price was $606K In...