How Bad Is The Myrtle Beach Real Estate Market
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Published 2024-06-19
In this comprehensive market update, I dive deep into the current trends and data to give you a clear picture of what's really happening in the Grand Strand area, from Pawley's Island to North Myrtle Beach.
This video is broken down into three key segments:
🔹 Single Family Homes: Analyzing the month's supply of inventory and how it has changed since the peak of the market in January 2022.
🔹 Condos in General: Exploring the condo market and the impact of rising interest rates on inventory and sales.
🔹 Oceanfront Condos: A closer look at oceanfront properties, including the challenges posed by increasing HOA dues and insurance premiums.
Despite some concerns, I remain optimistic about the market.
Whether you're thinking of buying, selling, or just curious about the current state of the Myrtle Beach real estate market, this video has valuable insights for you.
📞 For personalized advice and support, feel free to reach out to me at 843-360-2145 or visit my website at www.abesafa.com.
Don't forget to like, comment, and subscribe for more real estate updates!
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Abe Safa Sales Team is one of the top real estate teams in the country and serve the Myrtle Beach and surrounding areas. We have helped hundreds of Home and condo Sellers navigate the process of selling or buying.
Call us for all your real estate needs or questions. (843) 360-
All Comments (7)
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I sold an ocean front condo in 2017. Lost money after buying in 2005. Myrtle Beach, SC is basically a second home market that is greatly affected by changes in the market. There are not enough high paying jobs in that area to support year round living. Most year round people are retirees who worked up north and built up big retirement assets. Now, they move south to get better weather. I predict at least a 20% drop in current prices for single family homes and condos in that area.
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Great info. Thanks!
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The Surfside collapse changed the waterfront condo market forever.
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there is a glut of homes in Myrtle Beach....There is not enough good paying jobs in the area to keep the demand up.....I see a 30% drop coming
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Worst Time ever to buy. Lowest mortgage originations since 1995, Homes 50% Overpriced, Interest rates at 7.5%, H.O.A, Insurance & Property taxes higher than ever. Tell people the truth #GREED
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