Latest Market Report

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. November 2009

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

There are 36 homes for sale on our local ocean front with a total value of $110,979,679. Sale prices now range from $1.650,000 to $4,895,000.The median price is $2,972,500. All of these prices are lower than last month. Since January 2008 only 8 ocean fronts have sold homes with a median  price of $2,237,500.  Down from 27 and reduced by $1,000,000 since 2006.  We currently have more oceanfront homes for sale than ever before and a buyer's market is present. Our last sale on Pawleys was for $1,265,000. 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.

 


Conducting Resort Sales like a Maestro

Off Ocean homes--Specifics--All are at the beaches-includes 2nd row and back.

There are 167 homes for sale off ocean ( 13 lower than last report) with a total value of $184,212,071. Sale prices now range from $270,000 to $3,050,000. The median price is $850,000 which is $145,000 less than in 2006. Since January 2008 we have sold 69 homes ( up 11) with a median  price of $655,000 ( down $110,00). Note the current inventory is more than the past 3 years of sales. Buyer's market again.

Condos--Ocean Front

There are 68 oceanfront condos for sale with median price of $411,400 ( down $110,00).

There are 318 condos for sale in our local area of the Waccamaw Neck ( down 53) with median price of $241,950. Lowest price is $88,500

Now is a great time to buy resort real estate. The market has adjusted!