November MLS Stats

I defined residential homes as single family detached homes and single family new construction as these are the most popular residential properties.

Total Active SFH - 5,065
Average Listing Price - $496,498
High Price - $26,500,000
Low Price - $15,000

Total Pending SFH - 545
Average Listing Price - $291,779
High Price - $3,195,000
Low Price - $32,500

Total Sold SFH - 279
Average Sold Price - $281,954
Average List Price - $303,474
High Price - $1,900,000
Low Price - $5,000

New SFH Listings Added in November - 740

As you can see with the number of sold listings versus total listings, the Myrtle Beach market is a Buyers' Market. Currently, we have over a year supply of single family homes to sell. However, when you compare the sold price versus the list price, homes are selling for an average of 93% of the listings price. This percentage is slightly lower than in months past.

***********************************************************************************

The condo and townhouse category includes condos, townhouses, 1/2 duplexes and new construction projects.

Total Active Condos/Townhouses - 7,246
Average Listing Price - $284,619
High Price - $2,900,000
Low Price - $48,000

Total Pending Condos/Townhouses - 1,245
Average Listing Price - $298,922
High Price - $849,900
Low Price - $49,000

Total Sold Condos/Townhouses - 38
Average Sold Price - $340,715
Average List Price - $342,223
High Price - $710,000
Low Price - $78,500

New Condos/Townhouses Listings Added in November - 755

The condo market is similar to the single family home market in that we currently have a high level of inventory. Our sale price versus list price is holding high. Sellers are receiving, on average, 99.5% of their listing price. While our listing inventory has skyrocketed, Sellers are receiving a higher percentage of their listing price.

Listing Update - The Landmark Resort

My listing, Unit 514, at The Landmark Resort has had a price adjustment. The asking price has increased to $82,000. If you have any questions about this property or any other property, please call me at (843) 267-2710 or email me at Kathy@KathyRukat.com.

Search the Grand Strand MLS for the most up-to-date properties for sale. From this link, you can search by MLS number, Area, Subdivision, Address, Property Type, Property Features and more. Register a unique username and password on the site and save your searches and your favorite properties. Easily communicate with me your favorite properties, and I can "Help You Find the Sandcastle of Your Dreams" even faster!

Be the first to receive the hottest listings in the Myrtle Beach area email.

Listing Update

The price on Unit 621 at The Caravelle Resort has been lowered to $144,900. If you have any questions about this condo, please give me a call at (843) 267-2710 or send an email to Kathy@KathyRukat.com.

2007 Market Compared to 2006 Market

Many people ask, "How is this market compared to the market last year?" The short answer is the market is down from last year. More specifically, the Single Family Home market is down by 25% and the Condo market is down 65%. Keep in mind that our market does have some foreclosures and short sales. Those two factors can skew the numbers.

Listing Update - Monterey Bay

***MOTIVATED SELLER - SHORT SALE***

The seller of this one bedroom, ocean view condo suite at the Monterey Bay resort has lowered his price to $170,000. This price is the lowest in the building. If you are interested in owning a condo in the Golden Mile section of Myrtle Beach, call (843-267-2710) or email (Kathy@KathyRukat.com) today!

Back on the Market!!

Unit 514 at the Landmark Resort is back on the market! The first contract fell through so we are looking for a new buyer. If you are interested, this condo is listed for $70,000. The seller is motivated and this is a short sale!!! All offers must be approved by the sellers' lender. View the pictures, more information and the visual tour on my website.

For Sale - Ocean Front One Bedroom Condo

Oceans One is a new condo complex currently under construction. This complex is conveniently located on the south end of Myrtle Beach at 100 S. Ocean Blvd. Follow Highway 501 right to "The Sandcastle of Your Dreams!" View complete details. This contract is assignable. Call today for details. Be the first to receive the hottest listings in the Myrtle Beach area. Complete this form to recieve instant notification of new listings by email.

Search the Grand Strand MLS for the most up-to-date properties for sale. From this link, you can search by MLS number, Area, Subdivision, Address, Property Type, Property Features and more. Register a unique username and password on the site and save your searches and your favorite properties. Easily communicate with me your favorite properties, and I can "Help You Find the Sandcastle of Your Dreams" even faster!

If you have any questions about a property you see, please call me at (843) 267-2710 or email me at Kathy@KathyRukat.com.