Mid 2017 Myrtle Beach Real Estate Trends
The Myrtle Beach area is a fairly unique housing market, with a surprising number of options and benefits. Here are the latest Myrtle Beach real estate trends to keep you in-the-know.
Trends in Home Pricing
Home prices are rising across the country, so it shouldn’t be a surprise that home values are rising along the Grand Strand as well. However, the trend for rising home prices in the Myrtle Beach market is more slow and steady, compared to other markets that have experienced steep and dramatic increases. This steady and more gradual rise in home prices has kept home ownership within reach for many looking to buy.
Trends in Housing Type
While many markets are experiencing inventory shortages that leave buyers with less options in the type of housing available to buy, the Myrtle Beach market still has plenty of options to choose from. Homebuyers looking in this area can choose from town homes/condos, established homes in older neighborhoods, brand new homes in new construction neighborhoods, and even land lots for those who want to plan out every detail of their new dream home. The Myrtle Beach market also offers a unique mixture of features and views, such as golf course views, lake views, oceanfront, and along the Intracoastal Waterway.
Trends in Education
Research shows proximity to top-notch schools can significantly increase home value appreciation over time and the Myrtle Beach real estate market is a clear winner with this trend, featuring a number of top-rated schools. Just some of these great schools can be found in the communities of Carolina Forest, Forestbrook, Myrtle Beach, Socastee, Surfside Beach and Murrell’s Inlet.
Trends in Days on Market
The Myrtle Beach market performs pretty well on this trend also, with the median days on the market for an average home sale trending less than three months, in most area communities.
The Myrtle Beach real estate market is a real trend-setter. Great schools, quick sales, lots of housing options, and steadily rising home prices make this market a top contender for anyone looking to buy a home. For more on the statistics and Myrtle Beach real estate trends, call on one of our knowledgeable agents at Century 21 Broadhurst as your guide.