Pawleys Island Real Estate Blog by Tara Melech

Pawleys Island Real Estate Information, News, Market Statistics, Opinions, and Articles

"Who Works For Who?" Pawleys Island Real Estate

South Carolina Real Estate

Who Works For Who? by Tara Melech, Professional Real Estate Advisor, Keller Williams Realty, (843) 907-8787

When you do anything real estate related, do you ever wonder who works for who? When you list your home, it is a typical practice to first look online to see what is currently for sale and who has the listings. Then, call the agent that has the most listings to sell your home. When the agent gets there (if it is the listing agent, or their assistant), they take a quick look and then have you sign a listing agreement, explaining in a very quick manner what you are signing and how you are going to work with them. What they don't tell you are the details....

First of all, they put th...

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Apr 18 2012
11:15 am

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Pawleys Island Residential Market Statistics 1st Quarter 2012

Pawleys Island Market Statistics Residential

 

Pawleys Island Single Family Residential Property Statistics

These are the market statistics for Single Family Detached Residential properties for the 1st Quarter of 2012, ending  March 31, 2012. The number of days on the market for the active and pending properties are also calclulated as of March 31,2012.  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 PropertiesPendin...
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Mar 8 2012
11:34 am

Posted By Tara Melech
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Pawleys Island Real Estate 2012 1st First Quarter Predictions

Pawleys Island Market Statistics Residential

In the Pawleys Island Real Estate Housing market, for the first quarter of 2012 (through March 8), 70 homes were newly listed (assigned a new MLS ID #) in the month of January, 40 homes in February, and 12 (so far) in March. Currently, there are 467 homes for sale in the Pawleys Island area. In the 4th Quarter of 2011, there were a total of 349 properties for sale (28 of which had not closed by the end of the quarter).

Since the beginning of 2012, there has been an additional supply of 118 homes added to the Pawleys Island Real Estate Market. Internally, this means that there is still an oversupply of properties for how fast the market is turning. As of March 8, 2012, there have been 23 ...

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Mar 8 2012
10:42 am

Posted By Tara Melech
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Uptrend in Pawleys Island Housing Market. Sellers Take Advantage Of This!

Pawleys Island

Here in Pawleys Island, part of the Grand Strand Area near Myrtle Beach, our busiest time of year has started for real estate. With the out of town visitors, real estate always seems to boom starting in March. There always seems to be an uptrend in the number of homes sold and a stability in the selling prices. The end of the first quarter of 2012 is just around the corner, and it seems a positive outlook is on the horizon.

If you are selling your home, why not make it look the best it can by taking advantage of the following tips:

First Impressions are lasting. The front door greets the potential buyer. Make sure it is fresh, clean, and scrubbed looking. Keep lawn trimmed and edged, an...

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Jan 6 2012
4:46 pm

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Buying a Home In Pawleys Island? Real Estate Analysis 4th Quarter 2011

Pawleys Island Market Statistics Residential
Of the homes that sold in the 4th Quarter, there was an 11.2% difference in asking price versus sold price.  When comparing the original listed price to the actual sold price, the percentage jumps to 18.9%.  The original asking price is the price that the property was initially listed for.  So, when an offer was received the average sales price that was accepted was 11.2% less than the most recent publicized asking price being offered.  What does this mean for the 4th Quarter?  Overall, the market seemed to have adjusted little from the 3rd quarter.  When comparing the numbers to the 3rd Quarter, the difference in original asking price versus the actual sold price 19.1%, a differen...
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Jan 6 2012
11:00 am

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Pawleys Island Market Statistics 4th Quarter 2011

Pawleys Island Market Statistics Residential

 

Pawleys Island Single Family Residential Property Statistics

These are the market statistics for Single Family Detached Residential properties for the 4th Quarter of 2011, ending  December 31, 2011. The number of days on the market for the active and pending properties are also calclulated as of December 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 Propertie...
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Nov 1 2011
3:52 pm

Posted By Tara Melech
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Is it a good time to Buy in Pawleys Island? Pawleys Island Market Statistics Analysis - 3rd Quarter 2011

Pawleys Island Market Statistics Condos and Townhomes

Pawleys Island Analysis - 3rd Quarter 2011 Real Estate Market Statistics - Tara Melech - (843) 907-8787

For the 3rd quarter, of those single family detached properties that sold, there was a 19.17% difference in the original asking price vs the sold price. When the properties actually sold, the difference between the current asking price and actual sold price was about 6.09%. A factor of about 13.77% between the original asking price and current asking price plays a significant role in what the actual difference is in sold prices versus the asking prices. Depending on how long the property has been listed, and if the current price is within reason, it is reasonable to calculate that if t...

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Oct 18 2011
1:53 pm

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Pawleys Island Market Statistics 3rd Quarter 2011

Market Statistics

 

Pawleys Island Single Family Residential Property Statistics

These are the market statistics for Single Family Detached Residential properties for the 3rd Quarter of 2011, ending  September 30, 2011. The number of days on the market for the active and pending properties are also calclulated as of September 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 Prope...
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Jul 15 2011
6:45 pm

Posted By Tara Melech
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Pawleys Island 2011 Real Estate Statistics Comparison and What to expect for the rest of the year

Market Statistics

For the current year, the real estate market seems to be slowly steadying out.  The amount of time on the market has slowly decreased, whereas the prices have come down signifigantly, producing a smaller percentage in price drops and less time on the market.

Compare the two first quarters of 2011, and the overall results may or may not shock you.  From this comparison, I believe the "bottom" has hit, and now ready for increase in sales!

The inventory has increased by a mere 2.2%, which means supply is still oversaturated compared to the number of solds currently.  In this increase in supply, the average asking price also increased by 4%, which has led to more time on the market, an incr...

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Jul 7 2011
11:15 am

Posted By Tara Melech
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Pawleys Island 2011 2nd Quarter Real Estate Statistics for Single Family Residential Properties

Market Statistics

 

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 PropertiesPending...
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Jun 17 2011
12:23 pm

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What to expect for Purchasing Pawleys Island Property 2nd Quarter 2011 Update

South Carolina Real Estate

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 ...

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Apr 5 2011
3:15 pm

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Analyzing Real Estate Market Statistics

South Carolina Real Estate

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...

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Apr 5 2011
1:00 pm

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Pawleys Island 2011 1st Quarter Real Estate Statistics for single family residential properties

Pawleys Island Market Statistics Residential

 

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 PropertiesPendi...
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Jan 14 2011
10:29 am

Posted By Tara Melech
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4th Quarter 2010 Pawleys Island Residential Market Statistics including number of days on market

Pawleys Island Market Statistics Residential

 

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 PropertiesPending PropertiesSold Properties
Total Detatched 341 19 49
Median Price $469,500 $275,000 (List Price) $295,000
Average Price $744,001 $469,447 (List Price) $...
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Aug 29 2010
7:41 pm

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What It Takes To Buy A Condo In The Myrtle Beach Area ***UPDATED***2013

Myrtle Beach Real Estate

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

I just received an article that states lending practices have eased up in the last year - for who?  Certainly not for anyone who wants to own anything but a single family residential home.  

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...

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Aug 18 2010
11:19 am

Posted By Tara Melech
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Georgetown County, SC Impact Fee Credit

South Carolina Real Estate

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...

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Aug 18 2010
11:04 am

Posted By Tara Melech
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Pawleys Island - A Safe Place to Call Home

Pawleys Island

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...

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Jul 7 2010
3:45 pm

Posted By Tara Melech
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Myrtle Beach Foreclosure Short Sale Market Statistics 1st Quarter 2010

Pawleys Island

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 PropertiesPending Prop...
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Jul 7 2010
1:45 pm

Posted By Tara Melech
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Pawleys Island Homes Sales Show An Increase in the 2nd Quarter 2010

Pawleys Island

 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...

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Apr 7 2010
4:15 pm

Posted By Tara Melech
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Myrtle Beach Market Statistics Breakdown of Foreclosures and All Other Sales

Market Statistics

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 PropertiesPending Prop...
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