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Real Estate
This area offers an amazing range of choices and a level of affordability in housing that families moving into the area appreciate. The real estate development market here is constantly growing.
Myrtle Beach ranked number one on the U.S. Housing Markets Housing Growth Ratio in the 2nd Quarter of 2008. This ratio measures the number of housing permits per 1,000 people, and is designed to identify the fastest growing housing markets. Myrtle Beach's ratio was 14.7 compared with the national average of 3.8.
Whether you are interested in a gated golf course community, beach home, country ranch, or the well-tended homes and manicured lawns of our cities, finding the right place to live is sure to be a rewarding experience.
Commercial Properties Active and Sold 2008
| Commercial Properties |
Dollar Volume |
Average Price |
Median Price |
| Active |
$517,464,770 |
$584,046 |
$136,450 |
| Sold 2008 |
$35,775,942 |
$431,035 |
$300,000 |
Source: Coastal Carolinas Association of REALTORS MLS data.10/08
Commercial / Industrial MLS Sales
| |
Units |
Volume |
Avg. $ |
Med. $ |
|
2003
|
114
|
38,651,592$
|
$339,049
|
$187,500
|
|
2004
|
136
|
51,398,048
|
$377,927
|
$217,500
|
|
2005
|
235
|
70,722,576
|
$300,947
|
$72,000
|
|
2006
|
273
|
63,132,495
|
$231,255
|
$45,600
|
|
2007
|
162
|
61,720,948
|
$380,994
|
$168,250
|
|
2008 Oct 17
|
90
|
38,919,442
|
$432,438
|
$300,000
|
Source: Coastal Carolinas Association of REALTORS MLS data.10/08
Housing Market
| Homes on market |
6,588 |
| New homes on market |
1,577 |
| Percent that are new |
24% |
Source: Coastal Carolinas Association of REALTORS MLS data.10/08
Home Value
| Owner-occupied units |
79,994
|
100%
|
| Less than $50,000 |
7,691
|
9.6%
|
| $50,000 to $99,999 |
7,757
|
9.7%
|
| $100,000 to $149,999 |
13,571
|
17.0%
|
| $150,000 to $199,999 |
16,372
|
20.5%
|
| $200,000 to $299,999 |
18,473
|
23.1%
|
| $300,000 to $499,999 |
12,306
|
15.4%
|
| $500,000 to $999,999 |
3,484
|
4.4%
|
| $1,000,000 or more |
340
|
0.4%
|
| Median (dollars) |
$181,800
|
(X)
|
Source: U.S. Census Bureau: 2007 American Community Survey 1-Year Estimates
Single Family Homes
Average Price of homes sold
(last 5 years) |
Homes Sold |
Sales Volume |
Avg. Sale Price |
|
2004
|
4,813 |
$1,028,769,124 |
$213,748 |
|
2005
|
6.104 |
$1,575,057,848 |
$258,037 |
|
2006
|
5,861 |
$1,589,895,887 |
$271,267 |
|
2007
|
4,675 |
$1,267,906,750 |
$271,210 |
|
2008
|
3,426 |
$882,664,362 |
$257,637 |
Average Home Prices
Source: Avg. Home Price: Coldwell Banker Home Price Comparison Index 2008: Myrtle Beach Average Home price $241,000
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