A summer hot streak doesn’t appear to be cooling off for the Grand Strand real estate market.
June’s single family home sales for Horry and Georgetown counties increased by nearly 18 percent from the same month in 2014, according to the latest report from SiteTech Systems, a Myrtle Beach-based housing research firm. Condo and residential lot sales are also up.
“We had a great spring and a really, really good summer and we’re really looking forward to a fantastic fall,” said Penny Boling, owner of Century 21 Boling and a 30-year veteran of the Grand Strand market.
Another encouraging sign? The median sales price of homes continues to rise.
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“We kind of bottomed out in prices [in late 2012],” said Todd Woodard, president of SiteTech. “It was flat last year and it’s up slightly this year.”
17.7 percentIncrease in single family residential sales compared to June 2014
16.6 percentIncrease in single family residential sales compared to the first six months of 2014
11.7 percentIncrease in condo sales compared to first six months of 2014
4.3 percentIncrease in residential lot sales compared to the first six months of 2014
3.7 percentIncrease in median sales price of single family homes compared to first six months of 2014
$203,000Median sales price for single family homes in June
What kind of buyers are Realtors seeing?
“We just had another walk-in this morning and they’re from Massachusetts,” Boling said. “They’re tired of the snow. A lot of it right now is the retirees looking for a place to hang their head the next three to five years.”