Posts

What It Takes To Buy A Condo In Myrtle Beach Area. Tara Melech - Keller Williams Realty - (843) 907-8787- Serving the Myrtle Beach area

The Myrtle Beach area was once booming with oceanfront condos that were selling like hotcakes. Today, it is a very different story. With the new guidelines FHA and Fannie Mae have set (and are setting), it makes it very difficult to buy a condo if financing is involved. Several lenders will refer buyers to other companies because they won't even bother with the mess. Some realtors won't even bother taking an inquiry or referral for condos if the buyer will need financing to purchase the property.

There are several reasons for this: Of the new guidelines...

Have you read about the credit coming to certain develpors for impact fees?  While it is a positive that people are receiving credits back for the impact fee and the fee has actually gone down, the downside is the reasoning behind this credit: 

1) There are several developments that did not take place, thus a partial credit was issued to certain people who had paid the impact fee.  This leads me to question that if the impact fee had not been in place, would this have changed the outcome of the development not taking place?

2) Although the current real estate market is not as strong as it was in 2006, it is going through an increase in sales.  If an impact fee was not considered for the...

Pawleys Island - A Safe Place To Buy A Home - Tara Melech, KW Realty, (843) 907-8787 

Ahhh, Pawleys Island, a pleasent place to call home. The pace of life in Pawleys Island is definitely hard to get used to if you are from anywhere but here. Coming from a much larger city, one of the best things I found is the lack of danger & crime. The dangers of a large city compared to Pawleys Island are almost comical in a way. I am not saying that crime is comical or doesn't happen here, but to live here is a blessing because of the lack there of. For instance, if you pickup a local newspaper like The Georgetown Times (Published for Georgetown County) you will first notice how small it is compared...

The following is a breakdown of the current single family residential real estate homes in Myrtle Beach area including all those posted on the Coastal Carolina  Multiple Listing Service.

As of March 30, 2010 - Statistics below include only the Single Family Residential Real Estate for sale in the Grand Strand Area

Single Family Residential Property Statistics By Area & Type Of Sale

Quarterly Report - 1st Quarter 2010

These are the market statistics in this category for the 1st Quarter of 2010, detailed by area and type of sale, Short Sales, Foreclosures, etc.  If you would like information on a specific area, please contact me at your convenience.

 The Pawleys Island real estate market for the 2nd quarter in 2010 is showing an increase in both number of sales and price. 

In the 2nd quarter of 2010, the Pawleys Island Real Estate Market there was a total of 58 homes that sold.  The average price of homes also increased when compared to the 1st quarter of 2010.  The average price was $453,233.  One of the main reasons for such a great quarter was the federal incentives being offered.  Now that those federal incentives (1st time homebuyer tax credit,for example) are expired (or are soon expiring), predictions have been set forth that the 3rd quarter of 2010 will subside. 

Hopefully, mortgage rates will still stay low so that it will...

The following is a breakdown of the current single family residential real estate homes in Myrtle Beach area including all those posted on the Coastal Carolina  Multiple Listing Service.

As of March 30, 2010 - Statistics below include only the Single Family Residential Real Estate for sale in the Grand Strand Area

Single Family Residential Property Statistics By Area & Type Of Sale

Quarterly Report - 1st Quarter 2010

These are the market statistics in this category for the 1st Quarter of 2010, detailed by area and type of sale, Short Sales, Foreclosures, etc.  If you would like information on a specific area, please contact me at your convenience.

The forecast for the Pawleys Island Real Estate Market is coming up in sales, but somewhat down in price.  Taking a look at the sold properties in January and February of 2010, the consumer will see that the number of residential sales doubled.  On the other hand, the average volume of a sale came down from $369,975 in January 2010 to $366,433 in February 2010.  Currently the total number of pending (those properties with accepted contracts, but have not closed, due to close in March) sales for the single family residential real estate market in Pawleys Island has almost doubled from February. The average volume has risen as well (can not report this number)  Is there a trend? 

The forec...

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.  ...