Myrtle Beach Real Estate News & Market Trends

You’ll find our blog to be a wealth of information, covering everything from local market statistics and home values to community happenings. That’s because we care about the community and want to help you find your place in it. Please reach out if you have any questions at all. We’d love to talk with you!

June 4, 2018

Myrtle Beach Real Estate Market – Quarterly Update Spring 2018

Published By: Beckham Realty Group, Inc. June 4, 2018

Are you looking for the most recent data for home values and prices for homes in the Grand Strand Myrtle Beach area? Here’s a snapshot of Zillow’s most recent home value and rental market data through April 2018. The data includes primary areas of the Grand Strand from Myrtle Beach to Pawleys Island, as well as Conway to the west and Murrells Inlet in between.

 

Myrtle Beach

Median Home Value – The home values in Myrtle Beach are currently averaging $142,200, which is up 8.3% over the last year. Myrtle Beach home values are forecasted to increase another 3.5% over the next year. The average listing price per square foot was $150.

Home Listing Price – The average listing price for a Myrtle Beach home was at $175,000 over the past year.

Rent- The median price for a Myrtle Beach rental is at $1,112, year to date.

Full Myrtle Beach Home Market Snapshot:

https://www.zillow.com/myrtle-beach-sc/home-values/

 

Conway

Median Home Value – The median home value in Conway is set at $150,100 with values up 8.8% year to date. Home values are expected to rise another 7.5% in the next year. The average listing per square foot for a Conway home was $100.

Home Listing Price – The average listing price for a home in Conway is currently at $179,500.

Rent- The median price for a Conway rental is at $1,313, year to date.

Full Conway Home Market Snapshot:

https://www.zillow.com/conway-sc/home-values/

 

Murrells Inlet

Median Home Value – The Murrells Inlet Median Home Value is at $221,800, above the average for the Myrtle Beach metro area. Values have increased 7% over the last year and are expected to increase another 4.9% over the course of the following year. The median price per square foot for a Murrells Inlet home is $136.

Home Listing Price – The average listing price for a home in Murrells Inlet is currently at $258,490.

Rent- The median price for a Murrells Inlet rental is at $1,461 year to date.

Full Murrells Inlet Home Market Snapshot:

https://www.zillow.com/murrells-inlet-sc/home-values/

 

Pawleys Island

Median Home Value- The average home value for the past 12 months in Pawleys Island was at $279,700, the highest in the Myrtle Beach area. This is also the largest value increase over the past year, set at 9.1%. The median price per square foot was $182.

Home Listing Price – The average home listing price for a Pawleys Island home is currently at $349,900.

Rent- The median price for a Pawleys Island rental is at $1,723, year to date.

Full Pawleys Island Home Market Snapshot:

https://www.zillow.com/pawleys-island-sc/home-values/

 

Summary

In summary, we can see that the forecast home values for all areas of the Grand Strand are expected to increase upwards of 7% over the course of the following year, with the largest opportunity in Myrtle Beach and Conway. As mortgage rates have seen an uptick trend in past months, they still remain near historic lows in relation to the last couple decades. The sooner you are able to get into a home at current mortgage rates, the more you will save and the quicker you can jump in the wagon of buying into a Myrtle Beach home that is expected to appreciate over the next year.

For an even greater analysis of market data comparing The Myrtle Beach Metro Market to the rest of the national averages, view Zillow’s latest Market Overview through April of 2018 here:

https://files.zillowstatic.com/research/public/realestate/ZHVI.Myrtle%20Beach.394898.pdf

Posted in Market Updates
March 31, 2018

5 reasons Myrtle Beach is Leading the Nation as the Second Fastest Growing Metro Area

Published By: Beckham Realty Group, Inc. March 31, 2018

If you’re thinking about a move to the Myrtle Beach area, you’re definitely not the only one, and there’s no better time than now. According to recent city census data, Myrtle Beach tops as the second highest growing metro area in the U.S. between 216 and 2017. The population in Myrtle Beach, North Myrtle Beach and the Conway metropolitan area increased by 3.7% from 447,793 in 2016 to 464,165 in 2017.

According to University Economist Robert Salvino of Coastal Carolina University, the affordable living, weather and lifestyle of retirees contribute many reasons to move to the area, along with the fact of easily attainable and high volume of building permits for single-family homes, the last factor one that contributed to 3.9% growth for the #1 spot in the country, St. George Utah.

While there’s a million reasons people are flocking to the South, here’s 5 of the primary reason Myrtle Beach real estate is booming right now.

1. Surplus of Affordable, New Homes –  With the increasing population, construction is at an all-time high for the area. The city planning officials estimate a projection of half a million residents over the next 25 years. The only constraints to growth are environmental limitations with water and estuary boundaries. From the South Strand of Murrells Inlet to the Market Common area, at here will be an addition of at least 1,800 new homes to the area in just the next year alone along with another 1,800 are planned for the Grande Dunes, bringing growth to both the North and South Strands. 

2. Employment Growth –  With the increase in retiring baby boomers to the area plus added population growth, Increased medical facilities are at an all-time high demand, bringing in highly specialized, high-paying jobs for nurses, nurse practitioners, and radiologists in just one job category. Since 2016, South Carolina added over 35,000 jobs with almost a quarter of those in the areas of manufacturing and professional and business services. The mutual relationship of residential areas and business development leads to a spike in population and labor growth for the state and the nation.

3. Weather – From bone chilling temperatures to repeated Nor-Easter storms through early Spring of 2018 in the Northeast, many people are ready to quit shoveling snow and move to a warmer climate, especially the aging population. In 2015, Boston had its snowiest winter on record, and New York City had one of its snowiest blizzards on record in 2016. Its no wonder that millions of Americans prefer average temps in the 70’s with mild winters and no more snow.

4. Low Cost of Living – Affordable retirement, and low taxes mixed with the availability of new homes makes the perfect equation for not just baby boomers, but anyone tired of the high cost of living elsewhere. The cost of living in the Northeast is some of the highest in the nation, with New York, Washington D.C and Massachusetts being 3 of the highest states alongside Hawaii and California. With Both the Greenville and Myrtle Beach areas of the state, median prices posted in 2017 were below $200,000, well under the average in comparison to the higher costing states. In just 2017 alone, the state of South Carolina saw an increase of 4.5% with 83,570 Real estate transactions that took place according to Columbia-based S.C. Realtors Association.

5. Myrtle Beach Business Development – In addition to the spike in job development, Myrtle Beach continues to update its downtown areas and adding restaurants to barefoot landing and Broadway Myrtle Beach, along with city plans for updated museums, libraries, and downtown facilities to enhance the outdated look of Myrtle Beach from the past.

With the Spring Season being one of the best times to list your home before Summer and mortgage rates anticipated to rise over the next year, there’s never been a better time to look for a home in Myrtle Beach. Be sure to contact Beckham Realty Group for any questions you may have while looking for Myrtle Beach SC homes for sale.

Sources

Myrtle Beach Second Fastest Growing Area Metro Area in America – WMBF News 

Myrtle Beach South-End seeing spike in Residential Growth – WMBF News

Why is Myrtle Beach Leading the State in Job Growth?  – Myrtle Beach Online

Downtown Myrtle Beach could be changing. Here’s a first look at a conceptual plan – Myrtle Beach Online

3 Reasons Many Americans are getting the hell out of the Northeast – Realtor.com

Home Sales in South Carolina Sizzles to New Record in 2017 – Post & Courier 

Feb. 17, 2018

Myrtle Beach Quarterly Real Estate Market Update

Published By: Beckham Realty Group, Inc. February 17, 2018

Are you looking for the most recent data for home values and prices for homes in the Grand Strand?

Here’s a summary of Zillow’s most recent data from the last quarter of 2017 –  October through December. The data includes primary areas of the Grand Strand from Myrtle Beach to Pawleys Island, as well as Conway to the west and Murrells Inlet in between.

 

Myrtle Beach

Myrtle Beach Home Values: The Myrtle Beach Market is warm right now for sellers. The median home value over the past year to date was $125,600 which is up .2% in the past year and is predicted to rise another 7.3% over the next year.

Myrtle Beach Listing Prices: The median listing price for a home in Myrtle Beach over the past year still stands at $164,900. In October and December the median listing price remained at $164,000 & November it dropped slightly down to $162,000 which is a similar pattern to fluctuations during the summer months. The average listing price per square foot was $151.

Myrtle Beach Rental Prices:  The average for rent in October was $1105, $1096 in November and $1083 in December.

 

Conway

Conway Home Values: The Conway Market is not as warm as Myrtle Beach, but close. The median home value is currently $150,600, and rose 5.2% last year. It is predicted to rise another 8.3% through 2018.

Conway Listing Prices: The median listing price for a home in Conway was $178,190 over the past 12 months. In October and December the median listing price was at $178,000 and in November it was at $175,000. The average listing price per square foot was $96.

Conway Rental Prices:  The average for rent in October was $1297, November was $1307 and December was $1309.

 

Murrells Inlet

Murrells Inlet Home Values: The Murrells Inlet area is least active market currently, however continues to show to most growth potential for home value of all areas on the Grand Strand. The median home value over the past year to date has gone up to  $216,000, which is up 6.4% in the past year and is predicted to rise another 8.8% over the next year.

Murrells Inlet Listing Prices: The median listing price for a home in Murrells Inlet  was $259,900 over the past 12 months. The median price rose since October, starting at $229,000 in October, $232,000 in November, and $234,000 in December. The average listing price per square foot was $137.

Murrells Inlet Rental Prices:  The average for rent in October was $1413, for November was $1433, and December was $1445, for all home types.

 

Pawleys Island

Pawleys Island Home Values: The Pawleys Island Market remains very healthy.  The median home value over the past year to date was $284,800 which is up 5.8% in the past year.

Pawleys Island Listing Prices: The median listing price for a home in Pawleys Island was $347,000 over the past 12 months. The median listing price was $283,000 in October and November, and in December it rose to $284,000. The average listing price per square foot was $181.

Pawleys Island Rental Prices:  The average for rent in October was $1652, $1646 in November and $1658 in December.

In summary, we can see that the forecast home values for all areas of the Grand Strand are expected to increase an average of at between 7-8% over the course of the following year. If you are looking for homes for sale in Myrtle Beach, SC you can anticipate the value of your new investment to increase, especially as the Grand Strand continues to update it’s downtown areas and propose new commercial and residential developments. As mortgage rates still remain near historic lows in relation to the last couple decades, there’s no better time than now to buy a home in Myrtle Beach.

Posted in Market Updates
Jan. 24, 2018

Renting in Myrtle Beach? Here’s Why you won’t want to wait much longer to get into your First Home.

Published By: Beckham Realty Group, Inc. January 24, 2018

If you’re a renter in Myrtle Beach and haven’t made the leap into your first home yet, there are a lot of reasons to consider getting started today.

Many people rent due to temporary lifestyle situations and for many personal reasons, but a lot of times it comes down to the financial reasons. A common misconception is that you need a large down payment upfront in order to buy today. While a larger down payment can help in lowering mortgage insurance, it is certainly not necessary in your pre-approval process.  You might also be surprised to learn that 61% of Americans actually put down 6% or less in the past year, according to the National Association of Realtors’ latest Realtors Confidence Index.  On top of this, consider that you may qualify for an FHA loan, a program through the Federal Housing Administration that insures the mortgages of many first-time homebuyers. This opens up your possibilities with some lenders and as an added benefit usually requires a down payment of as little as 3.5 %.

Putting to rest the concerns of the down payment, it’s also important to consider that while rent prices are fluid and often rise, your mortgage payment will remain the same every month. In Myrtle Beach alone, rent prices average as low as $600 – $700 for a one bedroom apartment, and easily run up to $1300 or more 3 bedroom residences in areas of the Grand Strand including Murrells Inlet, Pawleys Island and more. While rents in the area continue to rise and average high, the median home price for Myrtle Beach  averaged at just under $165,000 the past year, leaving ample room for a price break if you buy into a starter home. In the end, this could end up saving you potentially hundreds of dollars every month. Even if you had one of the lowest rental prices in the area, that still would equate to over $7,000 in costs towards property you not only don’t own, but could be putting toward your own investment every month. 

Why else should you consider to buy now instead of waiting? Myrtle Beach Property Values are expected to grow as development to the area continuesIn Myrtle Beach alone, the forecast for property values is expected to increase by over 7% in the next year, according to Zillow’s recent home value Market Data. With growth levels this high as people continue to migrate to the area from other parts of the state and other regions of the country, you can highly expect a great return on your investment with your first year alone.

If these aren’t enough reasons, the tax savings and benefits for owning a home are huge. When you file your tax return, you can deduct mortgage interest and property taxes of up to thousands of dollars.   The significant tax savings alone can total up to a quarter of your rental costs in a year. In addition, as a first-time buyer you may be eligible for an array of other tax breaks.

As always, if you are still renting and considering your first home, looking to move to a different home, or looking to relocate to the Myrtle Beach area, Beckham Realty Group can help answer all your questions and get you started on the path to your new home today.

Dec. 26, 2017

Looking for a New Home in Myrtle Beach? There’s No Better Time than Now

Published By: Beckham Realty Group, Inc. December 26, 2017

There was an 18.7 % jump in new homes this Fall in relation to last year’s seasonal adjusted comparison from a joint report by the U.S. Census Bureau and U.S. Department of Housing and Urban Development. Although monthly home prices dropped slightly, they are still higher than where they were one year ago, leaving a good opportunity for current homeowners to sell now and buy into something new, opening up the housing inventory for more affordable and lived-in homes for first-time buyers.

Coinciding with the national figures on home development are trends of historic growth for the Myrtle Beach area. New communities developed along the Grand Strand this year include single-family homes and condos close to downtown Myrtle Beach, particularly in the Market Common area. Newly completed communities include Belle Harbor and the Battery, and 450 more homes are expected in a new development nearby called Arbor Glenn. New apartment buildings also under construction in the same area near downtown Myrtle Beach and Market Common include Vinings and Patriots Way apartments.

In other areas of Myrtle Beach, new single-family home developments include the areas of Living Dunes, Ocean Village, Cherokee Townhomes and Pelican Harbor, as well as new communities to be expected in the next year or two in Murrells Inlet, SC .

If the boom in homes isn’t enough growth for the area, the rise in commercial development has also been on the rise this past year. As the CVB reports, in 2017 Myrtle Beach has seen and will continue to see a face-lift for Broadway at the Beach, Ocean Boulevard, Myrtle Beach Boardwalk and development complex and the Shark Wake Park at North Myrtle Beach Sports Complex. In aviation more direct flights are now in place to and from Myrtle Beach from places like Hartford Connecticut. Additional shopping includes a Southern Living store at the Market Common, and new restaurants like Paula Deen’s Family Kitchen, the International Culinary Institute with Restaurant and Bakery and Wahlburgers at Broadway at the Beach just to name a few. In addition the area is seeing an increase in popular annual events including the Carolina Country Music Festival.   

 

With more development in the arena of homes, entertainment, shopping and dining, there’s now more to enjoy than ever as the city of Myrtle Beach continues to make way and build for new residents. When looking for a new home in Myrtle Beach, keep in mind that Scott Pillow’s years of experience and leadership of his team with Beckham Realty Group can best represent your needs and negotiations for a new home, as he specializes in years of experience in working with builders for homes under construction.

Sources:

Realtor.com

PR Newsire

Nov. 18, 2017

Myrtle Beach is Great for all Seasons, Especially during Holidays

Published By: Beckham Realty Group, Inc. November 18, 2017

If you thought living by the beach could make it feel less like Christmas, you might be surprised to discover it is one of the most festive places around. In a recent analysis by Expedia, Myrtle Beach was named one of the best places in the country for Holiday Shopping. The research was compiled from millions of social media comments and posts centered around shopping, which added it to a list of the top 25 spots in the nation. When you consider Tanger Outlets, Market Commons, Broadway at the Beach, hundreds of boutiques and unique shops from North Myrtle Beach to Pawleys Island, there is plenty of places to shop no matter what part of the Grand Strand you live.

Add in the fact that Myrtle Beach is bustling with endless Holiday activities from before Thanksgiving through New Years, and you have the perfect place to feel the holiday spirit without even seeing a snowflake. Here’s a summary of a few of our favorite Myrtle Beach Christmas events and Holiday festivities that take place annually along the Grand Strand.

Dicken’s Christmas Show – The Dicken’s Christmas show is the largest and most well-known of Holiday events on the Grand Strand. It is a Victorian-Holiday theme including hundreds of vendors selling unique Crafts, Art, jewelry, toys, holiday theme decor. The event takes place at the convention center downtown, in early November.

Brookgreen Gardens Nights of a Thousand Candles – Every year Brookgreen Garden boasts over 5,000 hand-lit candles and twinkling lights strewn everywhere across the sculpture gardens on the weekend nights of December leading up to Christmas. You can also enjoy singing carolers, hot cocoa, live music and great food. It is a one-of-a-kind experience to see.

Holiday Homes Tour & Christmas Parade Weekend – Enjoy an entire weekend of festivities each year in Murrells Inlet. The first weekend of December the Inlet kicks off with a Christmas Tree Lighting at the park beside the Hot Fish Club. Then on Saturday, you can purchase tickets to enjoy the Holiday Home Tour, taking you through various properties in the community decorated for the Holidays. Finally on Sunday, enjoy the Christmas Parade in the afternoon, where there is plenty of candy given away to the kids and bystanders can enjoy festive floats marching down the strip of Business 17 that runs through the Inlet.

Annual Oyster Roast – This one isn’t a Holiday event….But it’s a lot of fun, and there’s something for everyone – even if you don’t love oysters! This event takes place every November at the Murrells Inlet Marshwalk and features all-you-can-eat oysters and other delicious foods, live entertainment, drink specials and of course the amazing view of the Inlet.

Market Common Holiday Bazaar -Every Saturday from November through mid-December in the Market Common, you can arts and crafts, fresh produce and unique foods from vendors between 12-4pm.

Christmas Shows – If you love a great theatrical performance, Pirates Voyagethe Carolina Opry and Alabama Theatre all feature Christmas show specials through the Holiday season.

New Year’s Events – The Fun doesn’t end at Christmas. For New Years Eve, enjoy fireworks at the Murrells Inlet Marshwalk, Broadway at the Beach, or celebrate a Southern Times Square at Market Common, where you can watch two different stages of music, a jumbo screen of the countdown, a beer garden, food vendors, and everything else to make you feel like you are in the heart of New York’s time square!

Source Myrtle Beach Online 

Posted in About the Area
Oct. 26, 2017

Myrtle Beach Quarterly Real Estate Market Update

Published By: Beckham Realty Group, Inc. October 26, 2017

If you want to get a better idea which areas of the Grand Strand are best for buying and/or selling right now and what media prices have been recently, here’s a summary of Zillow’s most recent data covering the Summer months up to September. The data includes primary areas of the Grand Strand as far South as Pawleys Island, West to Conway, Murrells Inlet, and Myrtle Beach.

Conway

Conway Home Values: The Conway Market is the hottest market right now. The median home value over the past year to date was $146,900, which is up 1.5% in the past year and is predicted to rise another 2.7% over the next year.

Conway Listing Prices: The median listing price for a home in Conway (including all home types) was $177,900 over the past 12 months. In June, July & August the median listing price stayed the same at $179,000. The average listing price per square foot was $92.

Conway Rental Prices:  The average for rent in June was $1258, $1263 in July and $1273 in August.

Myrtle Beach

Myrtle Beach Home Values: The Myrtle Beach Market is fairly neutral for buyers and sellers. The median home value over the past year to date was $119,900 which is up 2.8% in the past year and is predicted to rise another 1.2% over the next year.

Myrtle Beach Listing Prices: The median listing price for a home in Myrtle Beach over the past year was $164,900. In June and July the median listing price remained at $164,000 & August it dropped slightly down to $162,000. The average listing price per square foot was $151.

Myrtle Beach Rental Prices:  The average for rent in June was $1053, $1065 in July and $1083 in August.

Murrells Inlet

Murrells Inlet Home Values: The Murrells Inlet area was the least active, however continues to show to most growth potential of all areas on the Grand Strand. The median home value over the past year to date was $213,400, which is up 3.1% in the past year and is predicted to rise another 3.8% over the next year.

Murrells Inlet Listing Prices: The median listing price for a home in Murrells Inlet  was $213,400 over the past 12 months. In June, the median list price was $269,00, and in July and August it was $265,000. The average listing price per square foot was $139.

Murrells Inlet Rental Prices:  The average for rent in June was $1393, $1387 in July and $1382 in August.

Pawleys Island

Pawleys Island Home Values: The Paweys Island Market is very healthy.  The median home value over the past year to date was $279,400 which is up 2.9% in the past year and is remaining steady.

Pawleys Island Listing Prices: The median listing price for a home in Pawleys Island was $369,900 over the past 12 months. In June the median listing price was $370,000, July was $369,000 and August rose to $372,000. The average listing price per square foot was $183.

Pawleys Island Rental Prices:  The average for rent in June was $1676, $1681 in July and $1683 in August.

Summary

As of the Summer months, all main areas of the Grand Strand have seen home values rise year to date, with the strongest home value rise in Murrells Inlet and the strongest prediction for rising values also in Murrells Inlet for the upcoming year. Pawleys Island remains a healthy yet higher-end market while both Conway and Myrtle Beach remain very affordable, with Conway being the most popular recently. All areas of the strand are expected to see a rise in home values, and compared the cost in renting, it is much more affordable to buy compared to rent.

Click for All Homes for Sale in Myrtle Beach and on the Grand Strand

Posted in Market Updates
Sept. 16, 2017

Choosing Between a Condo or House? If you’re Looking to Relocate to Myrtle Beach this can help you decide.

Published By: Beckham Realty Group, Inc. September 16, 2017

Myrtle Beach is a great place to retire or just to relocate in general, if you are looking for more affordable living and year-round great weather. But if you are looking to downsize or retire, you may still be trying to decide which type of living space is better for you. While both condos and houses in the Myrtle Beach area can be very affordable, they both have their pros and cons. We’ve broken down the highlights of each to help you in your decision making process.

Home over Condo – The Pros

Having your own home of course comes with many seemingly obvious benefits. Storage space, a yard and privacy are the first things that come to mind for most people. If you have more than 3 people or even a few pets, a home allows more space for everyone to co-exist without feeling cramped. You don’t have to worry about noise as much because you aren’t sharing a wall or any floors with another family and of course with less noise you also can expect more privacy. Many times, with having your own yard you have more control over the property itself and the appearance and typically do not need approval for renovations or remodeling. You have a place to wash a vehicle and a usually a garage that lets you enter in and out of the home privately, do maintenance, or use for extra storage space. If you decide further down the line that you are ready to downsize even more, as long as you have kept up with your home you tend to have more value than other property types.

Home over Condo – The Cons

Of course with owning a home, there are greater costs. From the house itself, to closing costs, and regular maintenance fees, in the long-run it is much greater investment of time and money. Electric bills are higher for heating or cooling since more energy is often required to heat and cool the extra space. If you are not willing or able to keep up with the property’s yard, you will need to hire someone to handle it, along with regular upkeep. Things including the roof, water pump, pressure washing, siding, and anything else to keep the home at value are necessary, but can add up.

Condo over Home – Pros of Condo  

If your primary concern is saving money and not having to worry about upkeep for a property, condo living is probably for you! The median price for a Myrtle Beach condo in 2017 came in at only $129k for July 2017. A huge advantage to a condo or townhouse is minimal- to-low yard and property maintenance. You have less space to clean, and less to worries when it comes to roofs and building upkeep that are typically covered through the association. Utility bills are often much less than a home. If you are approaching a later age in life, it can be reassuring to know you have a network of neighbors close by to assist you. Often times in in communities with condos or Townhomes you also have access to a lot of other amenities such as a pool, club house or fitness center. 

Condo over Home – Pros of Condo  

Of course with a condo or townhouse, you are sacrificing space and some privacy. If you are already living in a home and have a lot of items in storage currently, or even just a lot of furniture, you should consider the comparison in square footage and storage space you will lose if you are not willing to downsize a portion of those belongings or furnishings. If this is a retirement house, it may be wise to consider a condo on the 1st floor or without stairs, since this can be problematic down the line – unless of course it has an elevator. And while townhouses can save you the upkeep, don’t forget about the regular maintenance and association fees that are sometimes overlooked.

Still Not Sure? Here’s a Great Decision-Making Method

So even considering all the various pros and cons, if you are still not sure, how do you decide? Draw up with a list of all the important qualities you are seeking in your next home, starting with the most important. Assign each list item as being more of a condo benefit or a home benefit – Or both! From this point you can see which home type category more of the benefits fall under.

If it’s still unclear or mostly a tie, you can assign a weight on each of those items between 1-5 – 5 being very significant, and 1 being the least. Whichever category has the highest number of points can help you determine what will ultimately be the best decision for you.

Of course if you still need help, Beckham Realty is happy to show you around any property type in the Myrtle Beach area to help you make the best next move into your new home.

July 31, 2017

Curious About Local Real Estate?

Receive the Latest Local Market Stats

Curious about local real estate? So are we! Every month we review trends in our real estate market and consider the number of homes on the market in each price tier, the amount of time particular homes have been listed for sale, specific neighborhood trends, the median price and square footage of each home sold and so much more. We’d love to invite you to do the same!

Get Local Market Reports Sent Directly to You

You can sign up here to receive your own market report, delivered as often as you like! It contains current information on pending, active and just sold properties so you can see actual homes in your neighborhood. You can review your area on a larger scale, as well, by refining your search to include properties across the city or county. As you notice price and size trends, please contact us for clarification or to have any questions answered.

We can definitely fill you in on details that are not listed on the report and help you determine the best home for you. If you are wondering if now is the time to sell, please try out our INSTANT home value tool. You’ll get an estimate on the value of your property in today’s market. Either way, we hope to hear from you soon as you get to know our neighborhoods and local real estate market better.

Posted in Market Updates
July 18, 2017

Relocating to the Grand Strand – How to Choose the Right area for You!

Published By: Beckham Realty Group Inc., July 18, 2017

One of the first things you should know if you are considering relocating to Myrtle Beach is how vast the area is.  The greater part of the Myrtle Beach is also known as the Grand Strand, and includes a 70 mile stretch of smaller cities starting as North as Little River (just below the North Carolina border) and downwards to Georgetown, SC. The smaller areas between include North Myrtle Beach, Myrtle Beach, Carolina Forest and Conway (to the West), and Surfside Beach, Garden City, Murrells Inlet, Litchfield Beach and Pawleys Island further south before reaching the Southern tip at Georgetown. If you are relocating to Myrtle Beach from another area, it helps to have a good realtor with a lot of experience and local knowledge to assist you in narrowing down the neighborhoods and regions best suited for your lifestyle. Here, are a few of the main sub-cities that make up the different areas of “The Grand Strand”.

Conway

With a population of just over 21,000, Conway is located approximately 13 miles West of the heart of Myrtle Beach. It has a historic, small-town feel, with accents Southern charm, and a revitalized downtown of bistros and small shops. The Riverwalk is a popular attraction of dining establishments and a boardwalk that stretches along the Waccamaw River. Within city limits of downtown Conway is Coastal Carolina University, home of the Chanticleers, and a thriving athletic program that continues to grow. Conway can be one of the more affordable areas in Myrtle Beach. Buyers who don’t mind a 20-minute commute to the beach and are seeking the greatest bang for buck should consider Conway for the best priced homes.  With the University, it also has a higher college age demographic.  Below is a map featuring Conway’s highest and lowest price point areas.

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Myrtle Beach  

Myrtle Beach is of course the heart of the Grand Strand and the most well known area for its stretch of oceanfront high rises, endless restaurants, the boardwalk and family attractions. It might surprise you however that although a popular destination for families, almost 50% of the primary type of living in the heart of Myrtle Beach is apartment and condos (48.6%), followed by single family homes (30.4%) Source.  Just under 40% of the homes in the city of Myrtle Beach are 2 bedrooms, followed by 27.5% that are 3 bedrooms. 60% of the houses in this area were built between 1970-1999 and close to 25% were built since 2000. The map below shows the most appreciated neighborhoods in the Myrtle Beach vicinity.

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Murrells Inlet  

Located just 13 miles South of the Myrtle Beach airport Myrtle Beach outskirts is Murrells Inlet. A smaller town with less main attractions than Myrtle Beach, Murrells Inlet has become the hub for retirees. The community has been continuously growing and expanding since the earlier 2000’s to incorporate many golf course communities and further communities that stretch westward to the Waccamaw River. Murrells Inlet is best known for its waterfront Marshwalk that includes dozens of seafood restaurants and a boardwalk and pier along the Marsh. For anyone who loves boating, fishing and/or watersports,  the Inlet has the greatest water access points to both the Intercoastal Waterway and Waccamaw River, as well as the Inlet. The map below highlights the various price ranges that make up the Murrells Inlet neighborhoods.

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Pawleys Island 

The smallest most southern portion of the Grand Strand just before Georgetown includes Pawleys Island. Pawleys Island real estate tends to be the most expensive of the whole area and has a higher than average percentage of white-collar work, at 93%, which is above average compared to the rest of the country. Similar to the seasonality of tourism in Myrtle Beach, Pawleys Island population grows immensely during the Summer months with a large number of quaint vacation rentals for people who prefer the quieter end of the beach and less crowds. During the rest of the year the town stays pretty quiet and less transient, making it one of the better spots year-round along the Grand Strand for families. Pawleys Island also includes the greater portion of the Waccamaw Golf Trail which is comprised of 11 of the most award-winning and well known golf courses in the country – including Caledonia Golf & Fish Club and True Blue. The map below includes a profile of the home values in various neighborhoods on this end of the Strand.

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For more insight and in depth knowledge of the area, please do not hesitate to contact us here at Beckham Management to help you determine which part of the Grand Strand is the best fit for you!