Grand Strand real estate sales among highest in South Carolina

sjones@thesunnews.comOctober 25, 2013 

The Grand Strand is in second place in South Carolina for residential sales so far this year, according to information from the South Carolina Association of Realtors.

In addition, the area was second in the number of sales for the third quarter and tied with Greenville for second for the month of September.

According to the figures, the Grand Strand saw 767 sales of single-family homes, condominiums and villas in September, 2,713 for the third quarter and 7,398 so far in 2013.

The September sales were 10.5 percent higher than 2012, 14.4 percent higher than third quarter last year and 14.1 percent higher than 2012 through September.

The growth this year, though, was in the middle of the state’s metropolitan areas, the SCAR statistics showed, and likewise Grand Strand median prices were in the middle of the pack.

The report said that Grand Strand homes commanded a median price of $149,900 in September, nearly $13,000 higher than September 2012; $150,000 for the third quarter; and $145,000 for all of this year.

There was also growth in September of seven days to a total of 165 as the average days on market before sale for Grand Strand residences.

Statewide, according to the most recent statistics from RealtyTrac, which tracks real estate nationwide, homes in South Carolina sold for a median price of $132,000, down 2 percent from August, but up 5 percent over September 2012.

Cash sales dominated the statewide market in September, totaling 53 percent of all sales, the RealtyTrac report said, a climb of 8 percent from a year earlier.

Insurance questions?

People who have questions about coastal property insurance should be able to get them answered at a public hearing in Conway on Wednesday.

The S.C. Department of Insurance and industry officials are to be on-hand to answer questions about the availability and affordability of coverage, according to information from the office of Sen. Luke Rankin, R-Conway.

The hearing is scheduled to begin at 5:30 p.m. in the Burroughs and Chapin Auditorium at Horry Georgetown Technical College.

New face

Bret Rockow has been named manager for the Coastal Division of M.B. Kahn Construction Co., according to information from the company.

Rockow, who was director of design and construction for Burroughs & Chapin Co. Inc. for the past eight years, is a certified professional estimator and a LEED AP. The LEED AP rating means that Rockow has advanced knowledge in green building.

Rockow has worked in South Carolina for 18 of his 24 years in the construction industry.

Rockow is on the board of directors for the Grand Strand Chapter of the Construction Specifications Institute and is a member of Leadership Grand Strand Class 34.

Contact STEVE JONES at 444-1765.

Myrtle Beach Sun News is pleased to provide this opportunity to share information, experiences and observations about what's in the news. Some of the comments may be reprinted elsewhere in the site or in the newspaper. We encourage lively, open debate on the issues of the day, and ask that you refrain from profanity, hate speech, personal comments and remarks that are off point. Thank you for taking the time to offer your thoughts.

Commenting FAQs | Terms of Service