Myrtle Beach area December foreclosure in middle of SC pack

sjones@thesunnews.comJanuary 18, 2013 

— Foreclosure filings in Myrtle Beach dominated those in Horry County overall in December, according to numbers from RealtyTrac.com.

The foreclosure tracking firm reported that there were 123 foreclosure filings in Myrtle Beach, far outdistancing the 36 foreclosures in Conway, the second highest area reported in December. There were 13 housing units in North Myrtle Beach that received a foreclosure filing in December, according to the report.

The lowest municipality for new foreclosure filings in Horry’s December report was Nichols, where just one housing unit had a foreclosure filing in December.

Overall, the report said, one in every 820 housing units in Horry County received a foreclosure filing last month. The rate is much lower in Georgetown County, where the report said that one in every 1,531 housing units received a foreclosure filing in December.

Horry County’s rate was the second highest on the coast, trailing only Beaufort County, which had a December rate of one in every 523 housing units receiving a foreclosure filing in December.

But the Horry rate was significantly better than the statewide December rate of one in 683 housing units having a foreclosure filing.

Horry’s December rate also was lower than all but one of the state’s major population areas. The RealtyTrac report foreclosures in Spartanburg County had the highest December foreclosure rate with one in every 421 housing units receiving a foreclosure filing.

Charleston County had the lowest metropolitan rate with one in every 878 housing units beginning the foreclosure process in December.

Charleston and Beaufort counties led the coastal area in the average price for a foreclosed home that sold in December. In Charleston County, the report said the average price in a foreclosure sale was $247,943 while Beaufort foreclosure sales recorded an average December price of $159,436.

In Horry County, the average price paid for a foreclosed home in December was $116,555.

The lowest average price in December for foreclosed properties in the state’s most populous counties was $72,000 in Spartanburg County.

Contact STEVE JONES at 444-1765.

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