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Better Homes and Gardens Real Estate Elliott Coastal Living real estate professionals stay abreast of the real estate market trends of each community along the Grand Strand through the information collected by the Coastal Carolina Association of REALTORS®.  The information provided here are real estate statistics and trends as of July 2016.
 
LITTLE RIVER REAL ESTATE FOR SALE
Across the board, Little River – located on the northern most point of the grand strand and the tip of North and South Carolina border – is the oldest town along the Grand Strand.  Just five miles north of North Myrtle Beach, the population was 8,960 at the 2010 census. Little River is named for the Little River that flows into the Atlantic at the border between North and South Carolina. It is known for its fresh seafood, fishing charters, and annual blue crab festival.
 
The following is real estate market information about Little River.
 
Single- Family Properties
Year to date (July 2016), 779 single- family homes in Little River are listed for sale, compared to 737 in 2015 with 399 home sold compared to 380 in 2015, over 5% increase year to year. The average home sales price in Little River has increased by 10% since 2015: $210,285 versus 191,143. The percent of list price received in the real estate transaction is 96.4%. From listing to sale, the average days on the market is 160.
 
Condo Properties
The median sales price of condos in Little River is $116,000 with almost 95% of the list price received at closing.  The amount of days on the market in Little River dropped almost 7% compared to 2015 (156 days).  
 
NORTH MYRTLE BEACH REAL ESTATE FOR SALE
The population of North Myrtle Beach was 13,752 at the 2010 census.  North Myrtle Beach was created in 1968 and is divided into four separate villages: Windy Hill, Crescent Beach, Ocean Drive, and Cherry Grove. North Myrtle Beach is the home of the Wheel of Fortune’s Vanna White and Golf Channel’s Broadcaster Kelly Tilghman.
The City of North Myrtle Beach is the birthplace of the Shag, the official South Carolina State Dance.
 
The following is real estate market information about North Myrtle Beach.
 
Single- Family Properties
With a median sales price of $262,472, an owner selling a home in North Myrtle Beach may capture almost 96% of the sales price within 181 days on the market in North Myrtle Beach.  Home sales in North Myrtle Beach have increased 13% compared to 2015.
 
Condo Properties
The condominium market in North Myrtle Beach has not fared so well in 2016. Condos for sale in North Myrtle Beach have increased by 14% compared to 2015 with a decrease of almost 5% in closed sales. The median sales price of condos in North Myrtle Beach has dropped almost 11% since 2015 from $180,000 per unit to $160,550 in 2016.
 
 
 
MYRTLE BEACH REAL ESTATE FOR SALE
As of the 2010 census, the population of the city of Myrtle Beach was 27,109. Hosting over 14 million visitors annually, the Myrtle Beach area and the Grand Strand is home to an array of tourist attractions.
 
Myrtle Beach is also known for its celebrity-designed golf courses. Along its beachfront boardwalk are arcades, souvenir stands and restaurants, as well as the old-fashioned Family Kingdom amusement park and the SkyWheel, one of the country’s tallest Ferris wheels.
 
The Myrtle Beach real estate information includes real estate from Myrtle Beach International Airport north to the Myrtle Beach Restaurant Row along the coast.
 
Single- Family Properties
Year to date (July 2016), 750 single- family homes in Myrtle Beach are listed for sale, compared to 789 in 2015 with 434 home sold compared to 443 in 2015, a 2% decrease year to year. The average home sales price in Myrtle Beach has increased by just over 2% since 2015: $284,940 versus 278,740. The percent of list price received in the real estate transaction is 96.8%. From listing to sale, the average days a home stays on the market in Myrtle Beach is 172, a 5% increase compared to 2015.
 
Condo Properties
The median sales price of condos in Myrtle Beach is $109,000 with almost 95% of the list price received at closing.  The amount of days on the market in Myrtle Beach dropped 7% compared to 2015 (159 days).  
 
 
CAROLINA FOREST REAL ESTATE FOR SALE
Located about 10 miles west of Myrtle Beach and east of Conway, Carolina Forest is popular and thriving unincorporated community. Formally owned by International Paper, Carolina Forest’s population is 33,966 and is next door to Coastal Carolina University.
 
The following is real estate market information about Carolina Forest.
 
Single- Family Properties
Single-family home market in Carolina Forest of the Myrtle Beach area is doing well.  Inventory of homes for sale in Carolina Forest has dropped by 3%, and the number of homes sold has increased by almost 11%. With a median sales price of $199,500, homes in Carolina Forest receive almost 98% of the list price. Days on the market in Carolina Forest have decreased by 8% from 148 days in 2015 to 137 days in 2016.
 
Condo Properties
Condominium market in Carolina Forest is not doing as well as single- family homes, but this is the trend throughout the Grand Strand except the southern area of the Grand Strand. Condo listings in Carolina Forest have increased by almost 36% compared to 2015, with the number of units sold staying the same as in 2015(128 units).  Days on the market has increased from 132 in 2015 to 145 in 2016. The median sales price is $105,000.
 
 
Condominium real estate sales in the southern area of the Grand Strand (below) appear to be doing better than the rest of the Myrtle Beach Area /Grand Strand, and statistically better than 2015.
 
SURFSIDE BEACH REAL ESTATE FOR SALE
The first town south of Myrtle Beach, Surfside Beach is nickname is "The Family Beach" and is known for its fishing pier and a great place to retire. The population was 3,837 at the 2010 census.
 
The following is real estate market information about Surfside Beach.
 
Single- Family Properties
With a median sales price of $224,000 (a 9% increase), an owner selling a home in Surfside Beach may capture almost 96.5% of the sales price within 138 days on the market.  Surfside Beach Single –Family home listings are up 6% (297 units) with the number of units sold and closed is only up 1% (207 units).
 
Condo Properties
The number of condos on the market in Surfside Beach has increased 6%, but the number of closed sales has increased 14.5% with the number of days on the market steady at 128. The median sales price rose from $75,700 in 2015 to $76,750 in 2016.
 
GARDEN CITY/ MURRELLS INLET REAL ESTATE FOR SALE
With a population estimated at around 11,014, Garden City Beach is unincorporated and sits Surfside Beach and Murrells Inlet. It is the Grand Strand’s prime spot for fishing, crabbing and other watersports.
 
The following is real estate market information about Garden City.
 
Single- Family Properties
Although the median sales price of single-family homes in Garden City and Murrells Inlet has increased 9% ($287,000 in 2016), the market appears to be trending downward since 2015.  Closed sales units have dropped over 5% since 2015, and the days of the market have increased almost 5% to 163 days.
 
Condo Properties
Condo sales in Garden City and Murrells Inlet have increased almost 12% since 2015 from 84 closed units to 94 units in 2016 with an average sales price of $141,500 (1.2% decrease compared to 2015). Days on the market has fallen almost 3% to 180 days.  
 
PAWLEYS ISLAND / LITCHFIELD REAL ESTATE FOR SALE
The southern-most area of the Grand Strand, the town of Pawleys Island is a 100 square mile island with 103 residents and several beach cottages for vacation rentals. It is known as one of the oldest resort areas of the US East Coast.  The unincorporated area of Pawleys Island – Litchfield is part of Georgetown County and has a population of around 7,000. Just 25 miles south of Myrtle Beach, the area offer miles of private, unspoiled, pristine coastline.
The following is real estate market information about Pawleys Island – Litchfield area.
 
Single- Family Properties
From January – July 2016, 315 single- family homes in the Pawleys Island - Litchfield area are listed for sale, compared to 306 in 2015 with 141 home sold compared to 142 in 2015. The average home sales price in Pawleys Island - Litchfield area has increased by 5% since 2015: $356,000 versus 339,500. The percent of list price received in the real estate transaction has fallen a bit to 93.8% versus 94.6% in 2015. From listing to sale, the average days on the market is 191, and increase of 12.5%.
 
Condo Properties
The number of condos on the market in Pawleys Island - Litchfield area has increased  almost 6%, but the number of closed sales has increased just over 18% with the number of days on the market steady at 188, a 10% decrease. The median sales price rose from $146,700 in 2015 to $164,950 in 2016.