MYRTLE BEACH REAL ESTATE...MYRTLE BEACH REAL ESTATE JanuarMarky et Report ... Inventory of Homes for...

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2020 MYR TLE BEACH REAL ESTATE January Market Report Covering all of Horry and Georgetown counties @ �h�rre�on ro�p Market Research done by Greg Harrelson

Transcript of MYRTLE BEACH REAL ESTATE...MYRTLE BEACH REAL ESTATE JanuarMarky et Report ... Inventory of Homes for...

Page 1: MYRTLE BEACH REAL ESTATE...MYRTLE BEACH REAL ESTATE JanuarMarky et Report ... Inventory of Homes for Sale 6,377 6,583 6,342 -3.7% Closed Sales 951 988 1,064 7.7% ... RESIDENTIAL 8.24%

2020 MYRTLE BEACH REAL ESTATE

January Market Report

Covering all of Horry and Georgetown counties

@ �h��rre�on ro�p

Market Research done by Greg Harrelson

Page 2: MYRTLE BEACH REAL ESTATE...MYRTLE BEACH REAL ESTATE JanuarMarky et Report ... Inventory of Homes for Sale 6,377 6,583 6,342 -3.7% Closed Sales 951 988 1,064 7.7% ... RESIDENTIAL 8.24%

JANUARY 2020 GRAND STRAND MARKET UPDATE

Data Represents January 1st - January 31st for all years as of 2/20/20. Source of data contained is the CCAR Multiple Listing Service. Information is deemed reliable but not guaranteed. Consult your Century 21 The Harrelson Group agent for more information.

2020 Century 21 The Harrelson Group

JANUARY 2020 GRAND STRAND MARKET REPORT

UP 12.6%

141 AVERAGE

DAYS ON MARKET UP +3.7%

YEAR-TO-DATE PROPERTIES SOLD

1,064 UP +7.7%

For Sale

RESIDENTIAL SOLD YEAR-TO-DATE

670 (+8.2%) CURRENT ACTIVES

3,873 (-3.8%)

AVERAGE SELLING PRICE

$247,784

CONDO/TOWNHOMES SOLD YEAR-TO-DATE

394 (+6.8%) CURRENT ACTIVES

2,469 (-3.4%)

MARKET SNAPSHOT

Page 3: MYRTLE BEACH REAL ESTATE...MYRTLE BEACH REAL ESTATE JanuarMarky et Report ... Inventory of Homes for Sale 6,377 6,583 6,342 -3.7% Closed Sales 951 988 1,064 7.7% ... RESIDENTIAL 8.24%

JANUARY 2020 GRAND STRAND MARKET UPDATE

Our Market - Grand Strand and Surrounding Areas

Data Represents January 1st - January 31st for all years as of 2/20/20. Source of data contained is the CCAR Multiple Listing Service. Information is deemed reliable but not guaranteed. Consult your Century 21 The Harrelson Group agent for more information.

2020 Century 21 The Harrelson Group

ALL PROPERTY TYPES 2018 2019 2020 Change

New Listings 1,764 2,073 1,957 -5.6%

Inventory of Homes for Sale 6,377 6,583 6,342 -3.7%

Closed Sales 951 988 1,064 7.7%

Median Sales Price $175,000 $189,648 $205,000 8.1%

Average Sales Price $208,239 $219,993 $247,784 12.6%

Avg. Percent of Original List price 96.7% 96.5% 96.5% 0.0%

Avg. Days on Market Until Sold 142 136 141 3.7%

RESIDENTIAL

8.24% NO. OF SALES TOTAL LISTED INVENTORY FOR SALE

AVERAGE DAYS ON THE

MARKET

AVERAGE SALE PRICE

SALE PRICE VS LIST PRICE

2019 619 1,272 4,026 143 $253,949 97%2020 670 1,161 3,873 147 $291,029 97%

CONDO/TOWNHOUSE

6.78% NO. OF SALES TOTAL LISTED INVENTORY FOR SALE

AVERAGE DAYS ON THE

MARKET

AVERAGE SALE PRICE

SALE PRICE VS LIST PRICE

2019 369 802 2,557 124 $163,033 95.7%2020 394 796 2,469 131 $174,356 95.8%

SOLD

Page 4: MYRTLE BEACH REAL ESTATE...MYRTLE BEACH REAL ESTATE JanuarMarky et Report ... Inventory of Homes for Sale 6,377 6,583 6,342 -3.7% Closed Sales 951 988 1,064 7.7% ... RESIDENTIAL 8.24%

JANUARY 2020 GRAND STRAND MARKET UPDATE

HORRY COUNTY SNAPSHOT

Data Represents January 1st - January 31st for all years as of 2/20/20. Source of data contained is the CCAR Multiple Listing Service. Information is deemed reliable but not guaranteed. Consult your Century 21 The Harrelson Group agent for more information.

2020 Century 21 The Harrelson Group

UP 9.2%

136 AVERAGE

DAYS ON MARKET

SOLD

RESIDENTIAL SOLD YEAR-TO-DATE

555 (+7.4%) CURRENT ACTIVES

3,106 (+0.2%)

AVERAGE SELLING PRICE

$231,355

CONDO/TOWNHOMES SOLD YEAR-TO-DATE

364 (+9.0%) CURRENT ACTIVES

2,202 (-4.9%)

YEAR-TO-DATE PROPERTIES SOLD

919UP 8.0%

Page 5: MYRTLE BEACH REAL ESTATE...MYRTLE BEACH REAL ESTATE JanuarMarky et Report ... Inventory of Homes for Sale 6,377 6,583 6,342 -3.7% Closed Sales 951 988 1,064 7.7% ... RESIDENTIAL 8.24%

JANUARY 2020 GRAND STRAND MARKET UPDATE

GEORGETOWN COUNTY SNAPSHOT

Data Represents January 1st - January 31st for all years as of 2/20/20. Source of data contained is the CCAR Multiple Listing Service. Information is deemed reliable but not guaranteed. Consult your Century 21 The Harrelson Group agent for more information.

2020 Century 21 The Harrelson Group

UP 31.1%

175 AVERAGE

DAYS ON MARKET

SOLD

RESIDENTIAL SOLD YEAR-TO-DATE

81 (+28.6%) CURRENT ACTIVES

560 (-12.9%)

AVERAGE SELLING PRICE

$414,644

YEAR-TO-DATE PROPERTIES SOLD

105UP 12.9%

CONDO/TOWNHOUSE SOLD YEAR-TO-DATE

24 (-20%) CURRENT ACTIVES

242 (+8.0%)