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Pawleys Island Single Family Residential Property Statistics

These are the market statistics for Single Family Detached Residential propertiesfor the 2nd Quarter of 2011, ending June 30, 2011. The number of days on the market for the active and pending properties are also calclulated as of June 30, 2011.  If you would like information on a specific area, please contact me at your convenience, with the subject as market statistics and naming the area (such as Myrtle Beach or a specific neighborhood) you are interested in, or just fill out the Market Statistics Request Form at the bottom of this page.  This does not include modular or manufactured homes.

	Active Properties	Pending...

As of June 15th for the Pawleys Island area - of the 46 residential single family detached properties that have sold in the 2nd quarter of 2011, 6 were foreclosures, 1 was a lender approved short sale, 4 were considered potential short sales. This is not a complete update of the 2nd Quarter. It is only a small picture of what is expected.

The average selling price of the 46 properties was $399,606, with a median of $277,500, and an average of 251 days on the market, with about 9% difference in asking price vs. list price.

The average selling price of the 6 foreclosed properties for the 2nd quarter of 2011 - $221,466 with a median of $225,950 and 77 days on the market. The difference in ...

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

When you first take a glance at the Real Estate Market, anyone can tell you that the market has certainly slowed down. But what does that really mean, and is it true? Well, in order to really get a good feel for the current real estate market, wether it be in Pawleys Island, or anywhere else, you have to take a look at the numbers. There are all kinds of numbers to analyze, but when it comes to finding out if a house is a good buy, or if you should think about listing your home, or if you want to invest, etcetera, breaking down the real estate statistics is becoming more and mo...

 

Pawleys Island Single Family Residential Property Statistics

These are the market statistics for Single Family Detached Residential propertiesfor the 1st Quarter of 2011, ending March 31, 2011. The number of days on the market for the active and pending properties are also calclulated as of March 31, 2011.  If you would like information on a specific area, please contact me at your convenience, with the subject as market statistics and naming the area (such as Myrtle Beach or a specific neighborhood) you are interested in, or just fill out the Market Statistics Request Form at the bottom of this page.  This does not include modular or manufactured homes.

	Active Properties	Pendi...

 

Pawleys Island Single Family Residential Property Statistics

These are the market statistics in this category for the 4th Quarter of 2010, ending December 31, 2010. The number of days on market for the active and pending properties are also calclulated as of December 31,2010.  If you would like information on a specific area, please contact me at your convenience, with the subject as market statistics and naming the area (such as Myrtle Beach) you are interested in receiving.

	Active Properties	Pending Properties	Sold Properties
Total Detatched	341	19	49
Median Price	$469,500	$275,000 (List Price)	$295,000
Average Price	$744,001	$469,447 (List Price)	$...

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.

	Active Properties	Pending Prop...

 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.

	Active Properties	Pending Prop...

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.

	Active Properties	Pending Properties	Sold Properties
Total Land	409	8	5
Average Price	$449,284	$286,612 (List Price)	$190,000
Median Price	$249,900	$286,612 (List Price)	$243,400
Days on Market	-	-	166
Residential Land Property	374	8	5
Average Price	$410,904	$286,612	$190,000
Median Price	$240,000	$286,612	$243,400
Days on Market	-	-	166
Commercial, Industrial, and...

 

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.

...

	Active Properties	Pending Properties	Sold Properties
Total Attached	379	16	11
Average Price	$337,954	$254,200 (List Price)	$249,104
Median Price	$249,000	$192,400 (List Price)	$165,000
Days on Market	-	-	206
Efficiency	35	1	-
Average Price	$177,508	$85,500	-
Median Price	$174,900	$85,500	-
Days on Market	-	-	-

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.

...

	Active Properties	Pending Properties	Sold Properties
Total Detatched	422	21	18
Average Price	$808,168	$389,814 (List Price)	$448,661
Median Price	$479,700	$355,500 (List Price)	$387,500
Days on Market	-	-	201
2 Bedroom	3	1	-
Average Price	$453,300	205,000	-
Median Price	$300,000	$205,000	-
Days on Market	-	-	-
3 Bedroom	190	12	10