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Resort Market Report-- Pawleys Island, Litchfield and Waccamaw Neck including Debordieu and Prince George-General Information--Also see below for specific types of properties and locations sales data. Updated September 2011
What is our market doing? The Real Estate Market on the coast is still very popular. It is a buyer's market in most areas due to large inventories created by the market slowdown in 2006. Because of the slowdown, and financial crunch pressing out short sales and foreclosures, there are more sales opportunities than at any other time in recent history. To find out all sales and what is new on market just give me a call. 843-237-0346, or email me. You can sign up for email listing alerts on my website also. If you would like to be notified immediately when a property meets your criteria just click here for a simple form that will automate emails to you. You can stop the emails whenever you want. To see for yourself what is currently for sale use my search feature under the For sale Button. Here you can search by oceanfront or other locations and also by price and number of Bedrooms.
Ocean Front Market --Specifics
Prices are falling. There are 45 homes for sale on our local ocean front with a total value of $114,253,000. Sale prices now range from $975,000 ( down $500,000 since January 2011) to $4,195,000. The lowest price home is a wonderful Pawleys Ocean front with creek dock for only $975,000.
The median price for Ocean Front is $2,400,000 ( down 95,000 since Jan). All of these prices are lower than last quarter. Since January 2009 only 9 ocean fronts have sold homes with a median price of $1,950,000 down from 2008 of $2,237,500. Down from 27 and reduced by $1,500,000 since 2006. We currently have more oceanfront homes for sale than ever before and a buyer's market is present. A past sale on Pawleys was for $1,200,000. Prices unheard of in years. Now is the time to buy your home. Please call me to discuss your possibilities on Pawleys Island , Litchfield Beach, Prince George and Debordieu.
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Conducting Resort Sales like a Maestro
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Off Ocean homes--There are 85 homes for sale off ocean at Litchfield Beaches and Pawleys Island up from 65 in Jan 2011. Sale prices range from $289,000 to $3,195,000 The median price is $755,000 which is $145,000 less than in 2006. And $95,000 less than Jan 2011.
Condos--Ocean Front-There are 68 oceanfront condos for sale with median price of $500,000 down 80,000 fromf Jan 2011. They range in price from $55,000 ( lowest ever) to $2,500,000 Now is a great time to buy resort real estate. The market has adjusted!
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