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The State of the Market Report

It's no secret that many area residents are concerned about the state of the area real estate market, which as most are aware, has been hit particularly hard by declining property values. However, there are some signs of both stabilization and improvement which may ease residents' minds a bit.

 

The 2010 year to date single family sales in North Myrtle Beach has outpaced the increase in inventory. The single family sales are up 46.3% over 2009. Days on market have decreased slightly. List to sale price ratios have increased in 2010.

There are positive numbers posted for condo sales also. The number of condos on the market has remained steady. The condo sales have increased 11.8% over the same 2009 time frame. List to sale price rations have increased in 2010.

The North Myrtle Beach market has improved in 2010. In many areas it has outperformed the entire market area. Pricing and marketing are critical in selling individual properties. Let us provide you with a detailed evaluation of your property.

 

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