Posts

Pawleys Island Real Estate, Tara Melech, Keller Williams Realty, (843) 907-8787

As I take a look at this question, I am reminded of what the prices were to own an "oceanfront" condo in Myrtle Beach back in 2006.  The market was booming just before the bubble burst and investors couldn't wait to get a piece of the Myrtle Beach Real Estate for sale back then.

There truly are great deals on the oceanfront condos in Myrtle Beach right now.  Yesterday, my broker and a few of the other realtors from my office got together to discuss some of these issues affecting the outcome of current sales and future forecasting for the oceanfront property in Myrtle Beach.  We visited four of the current li...

Pawleys Island Real Estate, Tara Melech, Realtor (843) 907-8787

The first-time home buyers tax credit has now been available for quite some time.  If you are looking to take advantage of the tax credit, here are some items that you may not be aware of and some updates to the previous information provided.

• In addition to the first time home buyer tax credit available, there is now a  $6,500 Move-Up/ Repeat Home Buyer Tax Credit, of which I will discuss further in a separate post.  The first time home buyer tax credit of up to $8,000 can be used on existing or new homes as long as the sale occurs between January 1, 2009 and April 30, 2010.  There are some limited exceptions to this date...

Pawleys Island, South Carolina, Realtor, Tara Melech (843) 907-8787

Considering Downsizing your current property in the Pawleys Island Area?  In the past few years I have experienced the clients need looking to downsize their home.  The most recent trends in building and real estate is that people are looking to maximize the use of space in their current homes as well as their next home.  That being said, it is a good time to consider the following if you are thinking about downsizing.

• What type of storage needs do you have now?  Is storage an item you are willing to sacrifice?  Many properties have wonderful floorplans, but don't maximize on the storage space.  You have large bath...

The real estate market trends in Pawleys Island shows signs of turning around.  When compared to 2008, the 3rd quarter of 2009 for the Pawleys Island area reflects an increase in the number of single family residential homes that sold.  However, the average price of a home that sold within Pawleys Island dropped signifcantly, by almost 50%.  When compared with the 2008 third quarter numbers, there was an increase of 15% in sales, but an average drop in the price of sold homes by about $335,539, making the average price of a home $363,000.  This is one of the many factors of the sheer volume of homes being sold that are short sales and foreclosures.  For the year of 2009, 33 percent of the...

In today's housing market, it is extremely important to know what to expect when considering the timeframe, or days on market (DOM),  of how long a property has been or will be on the market.  In my local area (Pawleys Island, Myrtle Beach, Murrells Inlet, Georgetown & Horry Counties), the amount of time on the market a property sits can be misleading.  This information is relayed to the public by use of the local Multiple Listing Service.  If a seller has decided to market their property on the Multiple Listing Service, then the statistics are tracked from the time the listing is input into the MLS, to the pending, to closing.  If a property does not sell within the time constraints of t...

Land Property Statistics

These are the Pawleys Island Land market statistics for Pawleys Island in this category for the month of May 2009.  If you would like information on a specific area, please contact me at your convenience.

Condos, Townhomes, & Attached Property Statistics

These are the Pawleys Island attached housing market statistics for Pawleys Island in this category for the month of May 2009.  If you would like information on a specific area, please contact me at your convenience.

Single Family Residential Property Statistics

These are the Pawleys Island housing market statistics for Pawleys Island in this category for the month of May 2009.  If you would like information on a specific area, please contact me at your convenience.

In Pawleys Island and Myrtle Beach, SC The point of sale tax assessment has been held responsible for escalating tax bills as well as the dissolution of countless real esate transactions in both the commercial and residential sectors.  It is extremely important to know how this point of sale tax assessment will affect the buying and selling of your property. 

Estimating Property Taxes

The following is the the formula used to calculate property taxes due each year.  The millage rate differentiates for each county and specified areas.  For a list of mill levy rates, you can contact the appropriate tax assessors office. 

Millage Rate X Assessment Ratio X Value - Tax Credits = Property Tax...

Land Property Statistics

These are the Pawleys Island Land market statistics for Pawleys Island in this category for the month of April 2009.  If you would like information on a specific area, please contact me at your convenience.

Condos, Townhomes, & Attached Property Statistics

These are the Pawleys Island attached housing market statistics for Pawleys Island in this category for the month of April 2009.  If you would like information on a specific area, please contact me at your convenience.

Single Family Residential Property Statistics

These are the Pawleys Island housing market statistics for Pawleys Island in this category for the month of April 2009.  If you would like information on a specific area, please contact me at your convenience.

The home sales for Georgetown and Horry Counties are on the rise.  Finally, some good news.  The 1st quarter of 2009 showed little promise for Pawleys Island and Myrtle Beach, as closed real estate transactions were down considerably.

For Georgetown and Horry County, statistics for the month of April show that there are 444 residential transactions either closed or in pending status as of April 22nd.  This is 30% ow what the whole 1st Quarter of 2009!

Pawleys Island shows a 33% increase in the month of April when compared to the 1st quarter residential transactions closed.  In the first quarter 2009, there were a total of 17 closed residential transactions for the Pawleys Island area.  ...

Land Property Statistics

These are the Pawleys Island Land market statistics for Pawleys Island in this category for the month of March 2009.  If you would like information on a specific area, please contact me at your convenience.

Condos, Townhomes, & Attached Property Statistics

These are the Pawleys Island attached housing market statistics for Pawleys Island in this category for the month of March 2009.  If you would like information on a specific area, please contact me at your convenience.

Single Family Residential Property Statistics

These are the Pawleys Island housing market statistics for Pawleys Island in this category for the month of March 2009.  If you would like information on a specific area, please contact me at your convenience.

 Short Sales Are Abundant in Pawleys Island, but for how long?

Short sales are not named for the length of time the process takes, but for the fact that the bank holding the mortgage must review the contract and agree to accept a short payoff.  Short Sales are difficult, but more than possible to close if you are skilled and take the time to learn how to do them properly.  Short sales are becoming a fairly common practice in the Myrtle Beach real estate market these days and anyone who has completed one knows that you had better be prepared for rough riding when the seller is upside down.  Short sales are fast becoming both an integral and significant part of the  housing market. They ar...

Single Family Residential Property Statistics

These are the market statistics in this category for the current month of March 2009.  If you would like information on a specific area, please contact me at your convenience.

Huge Price Reduction!  Reduced March 18, 2009 to $345,000.  This home is worth every penny!  Call Me at (843) 907-8787 for more information!

Single Family Residential Property Statistics

These are the market statistics in this category for the month of February 2009.  If you would like information on a specific area, please contact me at your convenience.