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Контент предоставлен Blake Sloan. Весь контент подкастов, включая эпизоды, графику и описания подкастов, загружается и предоставляется непосредственно компанией Blake Sloan или ее партнером по платформе подкастов. Если вы считаете, что кто-то использует вашу работу, защищенную авторским правом, без вашего разрешения, вы можете выполнить процедуру, описанную здесь https://ru.player.fm/legal.
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The Agile Brand with Greg Kihlström®
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1 #644: AI-augmented human recommendations for retail customers with Noah Zamansky, Stitch Fix 27:12
We are here at eTail Palm Springs and seeing and hearing the latest and greatest in e-commerce and retail. Question: Do you need to choose between AI and human recommendations as a customer? Why not have both? After all, don’t each have their strengths? AI in the retail experience is all the rage these days, but today I’m talking with someone from a brand that has been incorporating AI-personalized experiences and shopping combined with expert human recommendations for over 14 years, and continues to innovate today. Today we’re going to talk about how AI-based personalization plus human creativity and input makes an amazing customer experience at Stitch Fix. To help me discuss this topic, I’d like to welcome Noah Zamansky, Vice President of Product and Client Experience at Stitch Fix. About Noah Zamansky Noah Zamansky serves as the Vice President of Product and Client Experience at Stitch Fix, where he leads cross-functional teams spanning Product, Design, Engineering, Algorithms, and Platform Development. A seasoned leader, Noah has a proven track record of shaping product vision and strategy, designing exceptional user experiences, and spearheading the launch of new business ventures. Before joining Stitch Fix, Noah held the role of Senior Director of Product Management at eBay, overseeing Fashion and Vertical Experiences. Resources Stitch Fix: https://www.stitchfix.com eTail Palm Springs: https://etailwest.wbresearch.com/ Connect with Greg on LinkedIn: https://www.linkedin.com/in/gregkihlstrom Listen to The Agile Brand without the ads. Learn more here: https://bit.ly/3ymf7hd Don't miss a thing: get the latest episodes, sign up for our newsletter and more: https://www.theagilebrand.show Check out The Agile Brand Guide website with articles, insights, and Martechipedia, the wiki for marketing technology: https://www.agilebrandguide.com The Agile Brand podcast is brought to you by TEKsystems. Learn more here: https://www.teksystems.com/versionnextnow The Agile Brand is produced by Missing Link—a Latina-owned strategy-driven, creatively fueled production co-op. From ideation to creation, they craft human connections through intelligent, engaging and informative content. https://www.missinglink.company…
Your April 2022 Myrtle Beach Market Update
Manage episode 347710839 series 1238726
Контент предоставлен Blake Sloan. Весь контент подкастов, включая эпизоды, графику и описания подкастов, загружается и предоставляется непосредственно компанией Blake Sloan или ее партнером по платформе подкастов. Если вы считаете, что кто-то использует вашу работу, защищенную авторским правом, без вашего разрешения, вы можете выполнить процедуру, описанную здесь https://ru.player.fm/legal.
Here are the newest statistics from the Myrtle Beach housing market. What’s going on in the real estate market? Today I have the latest market numbers, and they’re very interesting, to say the least. For example, this is the first time we’ve seen a double-digit decline of home sales. For the entire Grand Strand area, single-family home sales fell by 12.2% over last year, going from 777 sales in 2021 to 682 this year. Why did sales drop? Interest rates have been rising significantly, which has some buyers pulling out of the market. The good news for sellers is that home prices have reached record numbers. The average home price in the Grand Strand rose 28.2% compared to the same month last year, leaving us at $462,594. The median price rose 26.3% to $359,900. The driving force behind these price increases is the fact that inventory is still at an all-time low—not just locally, but across the country. We’re in a super seller’s market, meaning that sellers have the high ground. Inventory fell 23.1% year over year, leaving us at one month of inventory. A healthy market typically has around six months of inventory. Anything below that is a seller’s market, so you can see how much of an advantage today’s sellers have. “Interest rates have been rising significantly, and some buyers are pulling out of the market.” Condo sales also fell by 3.5% year over year, going from 811 sales in March 2021 to 783 this year. However, condo prices have increased by 33.1% to an average of $254,224. The median price rose by 36% to $211,500. Overall, condo inventory is down by a whopping 70% over last year. The one wild card in our housing market is our interest rates. Right now, rates are the highest they’ve been since 2011, having just recently hit 5.08%. If you’ve been thinking about refinancing, you may want to do it quickly, as interest rates are projected to rise more this year. This is important for sellers to know because as rates increase, buyers tend to leave the market out of hesitancy or being priced out. If you’re planning to sell, now is a great time to start the process. The market is in dire need of inventory, and you’re sure to get an excellent sale if your home is in good condition and priced correctly. Most agents wait until they put the for-sale sign in the yard before they start marketing homes; we outspend the average agent 100 to one in marketing. We spend tens of thousands of dollars every month to drive traffic to available homes and match you with a buyer seamlessly. We’ll give you access to the 67,288 active homebuyers we have in our database. If you’d like to learn more about how we help sellers find success or about the real estate market in general, don’t hesitate to give me a call or send me an email. I’d love to help you.
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52 эпизодов
Manage episode 347710839 series 1238726
Контент предоставлен Blake Sloan. Весь контент подкастов, включая эпизоды, графику и описания подкастов, загружается и предоставляется непосредственно компанией Blake Sloan или ее партнером по платформе подкастов. Если вы считаете, что кто-то использует вашу работу, защищенную авторским правом, без вашего разрешения, вы можете выполнить процедуру, описанную здесь https://ru.player.fm/legal.
Here are the newest statistics from the Myrtle Beach housing market. What’s going on in the real estate market? Today I have the latest market numbers, and they’re very interesting, to say the least. For example, this is the first time we’ve seen a double-digit decline of home sales. For the entire Grand Strand area, single-family home sales fell by 12.2% over last year, going from 777 sales in 2021 to 682 this year. Why did sales drop? Interest rates have been rising significantly, which has some buyers pulling out of the market. The good news for sellers is that home prices have reached record numbers. The average home price in the Grand Strand rose 28.2% compared to the same month last year, leaving us at $462,594. The median price rose 26.3% to $359,900. The driving force behind these price increases is the fact that inventory is still at an all-time low—not just locally, but across the country. We’re in a super seller’s market, meaning that sellers have the high ground. Inventory fell 23.1% year over year, leaving us at one month of inventory. A healthy market typically has around six months of inventory. Anything below that is a seller’s market, so you can see how much of an advantage today’s sellers have. “Interest rates have been rising significantly, and some buyers are pulling out of the market.” Condo sales also fell by 3.5% year over year, going from 811 sales in March 2021 to 783 this year. However, condo prices have increased by 33.1% to an average of $254,224. The median price rose by 36% to $211,500. Overall, condo inventory is down by a whopping 70% over last year. The one wild card in our housing market is our interest rates. Right now, rates are the highest they’ve been since 2011, having just recently hit 5.08%. If you’ve been thinking about refinancing, you may want to do it quickly, as interest rates are projected to rise more this year. This is important for sellers to know because as rates increase, buyers tend to leave the market out of hesitancy or being priced out. If you’re planning to sell, now is a great time to start the process. The market is in dire need of inventory, and you’re sure to get an excellent sale if your home is in good condition and priced correctly. Most agents wait until they put the for-sale sign in the yard before they start marketing homes; we outspend the average agent 100 to one in marketing. We spend tens of thousands of dollars every month to drive traffic to available homes and match you with a buyer seamlessly. We’ll give you access to the 67,288 active homebuyers we have in our database. If you’d like to learn more about how we help sellers find success or about the real estate market in general, don’t hesitate to give me a call or send me an email. I’d love to help you.
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52 эпизодов
Kaikki jaksot
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Myrtle Beach Real Estate Podcast with Blake Sloan
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Buyers and sellers need to understand what’s happening in our market. “What’s happening in our real estate market?” People ask me this all the time, and I understand why. Things have changed a lot in our area recently, so today, I’ll share the latest numbers with you. Here’s the short version: Single-family home sales are down, but prices are actually up a little bit. Specifically, single-family sales are down 28.1% year over year. In October 2022, we had 477 home sales, while in October 2021, we had 592. As I mentioned, the good news is that prices remain high despite decreasing sales. The median price in October 2022 was $359,577, which is actually 12% higher than it was this time last year. In fact, prices are even up month over month; in September, the median price was $356,000. The average sales price was $454,000 in October 2022, which is also a 12% increase year over year. Why are prices increasing despite decreasing home sales? This phenomenon could be due to our extremely limited supply. Inventory has increased 53% year over year, but that still only leaves us with 2.3 months of supply. This means that if no new homes entered the market, it would take about 2.3 months for all of them to sell at our current pace. For reference, six months of inventory is considered a balanced market, and anything less than that favors sellers. “Typical agents are running scared from this market, but our team is doubling down.” This is one of the main reasons why our market is completely different from 2008: We have yet to reach the amount of inventory we had before the pandemic. The number of new listings hitting our market is down 24% year over year. In fact, there were only 554 new listings in all of Grand Strand in October. 814 in June 2022 was the peak for new listings. While low supply is currently protecting home prices, we aren’t sure how long it will last. A lot of investors are cashing out near the peak of the market while they can. One indicator of a slowing market is that condo sales are down 39% year over year. The condo market is usually affected before single-family homes, so this could indicate where things are heading. Despite this, condo prices also remain high; they were up 19.5% year over year in October 2022. Generally, our market still has high demand. Investors still want to purchase in our area, and people are still moving here from all over the country. To help buyers, our team has had to get a little creative by getting sellers to agree to pay for 2-1 buydowns. This helps buyers lower their interest rates, and we can often negotiate so that there is no upfront cost. Typical agents are running scared from this market, but our team is doubling down. Just take our website, for example. We currently have 69,935 active and registered buyers who trust us to help them purchase a home. We outspend your run-of-the-mill agent 100 to one on marketing, and it pays off. Since we’re made up of a team of specialists, each member has one job they understand inside and out. This way, you get the absolute best in every aspect of your home purchase or sale. You deserve the best, especially in this market. You can click here for a free home valuation and here for a home search in Grand Strand. If you have any questions, don’t hesitate to call us. We are always willing to help.…
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Myrtle Beach Real Estate Podcast with Blake Sloan
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Myrtle Beach Real Estate Podcast With Blake Sloan Week Of 11-13-22
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Myrtle Beach Real Estate Podcast with Blake Sloan
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Myrtle Beach Real Estate Podcast With Blake Sloan Week Of 11-05-22
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Myrtle Beach Real Estate Podcast with Blake Sloan
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Myrtle Beach Real Estate Podcast With Blake Sloan Week Of 10-28-22
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Myrtle Beach Real Estate Podcast with Blake Sloan
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An overview of the latest market data and what it means for you. Our latest market numbers are very interesting. The way the marketplace has shifted since the start of the year has been dramatic. Today I want to share some of the latest data with you. Cited below for your convenience are timestamps that will direct you to various points in the video. Feel free to watch the full message or use these timestamps to browse specific topics at your leisure: 0:00 — Introducing today’s topic 0:50 — 41% drop in new properties under contract & 37% drop in volume 1:35 — 25.1% fewer homes sold 1:55 — The median price is up by 7.5% 2:15 — The average price has plateaued, and is only up by 0.5% 2:50 — Buyer demand has decreased by 25%, and supply is up by 46.7% 3:15 — Showings per listing are down by 31.3% 3:25 — Condo sales are down by 23.5%, but inventory is up by 90.9% 4:40 — Over the last five years, prices have risen 71.9% 5:55 — We have 69,578 active buyers looking on our website 6:20 — Wrapping up If you have any questions, don’t hesitate to reach out to me by phone or email. I’d love to help you.…
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Myrtle Beach Real Estate Podcast with Blake Sloan
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Myrtle Beach Real Estate Podcast With Blake Sloan Week Of 10-14-22
The latest numbers for our market and what they mean for you. I just finished our weekly radio show, so I have the brand new market numbers out for you, and they’re very interesting. We have seen significant declines across the board, which is what we all expected. Single-family home sales are down 16.3% from this month last year, which is not that bad. We also had 555 sales instead of 658. Prices are still up year over year, which is good. They’re up 7.7% at $350,000, but the bad news is they’re down from the peak, which was in May at $380,000. The average sale price is still up 6.5% year over year at $436,108. That’s also down from the peak this year at $486,984, which is about a $50,000 drop since earlier this year. That has obviously been a big change because interest rates have gone up. Some buyers have just pumped the brakes, but we have seen about an 11% drop in the average sale price so far this year. I do think this is a bit more of a normalization. We talked about that in today’s show. The market is still not even back to where it was before the COVID-19 pandemic in terms of the actual amount of sales and inventory. “The good news is that it’s still a very good time to buy.” Right now, inventory is up 33.3% from the same time last year at two months worth. That’s still a very strong seller’s market. Anything six months or below is a seller’s market. We just had some success stories today where we sold multiple properties with multiple offers. However, you are seeing that competition soften as rates continue to go up. That’s what we want to see. Condo sales are seeing a big decline as well. 522 condos sold this past August versus 699 in August 2021. Condo prices are still up, which is good—they are a bit more resilient. The median price rose year over year by 33.6% to $227,000, but that’s down from the $240,000 peak earlier this year. The average sale price is up 25.2% year over year at $261,315. However, it is also down from the peak at $276,805 Here is the interesting piece: Our supply is up by 58.3%, so we’re seeing a decline in buyers and an increase in supply. That’s why you’re seeing a softening of price. The good news is that it’s still a very good time to buy. This fall market is strong. If you’ve been thinking about selling or even making a lateral move, we have seen a big uptick in overall active properties. We’re at about 834 properties right now, and we were at 840 last week. If you’re thinking about selling, reach out and call us. We’re still seeing those amounts of home sales right now. On today’s show, I shared that we have 69,216 active buyers on my website who are looking for properties here, so we need inventory. We have buyers from all across the country, even international ones, and we’re very good at matching those buyers with sellers. If you ever think about selling, call me at (843) 808-SOLD. Share this with your friends and relatives. You can always go view our radio show on our YouTube channel—just search “Sloan Realty Group.” We are here to serve you and help you make good decisions with real estate. Reach out and call us for anything you need.…
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Myrtle Beach Real Estate Podcast with Blake Sloan
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Myrtle Beach Real Estate Podcast With Blake Sloan Week Of 9-10-22
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Myrtle Beach Real Estate Podcast with Blake Sloan
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Myrtle Beach Real Estate Podcast With Blake Sloan Week Of 9-4-22
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Myrtle Beach Real Estate Podcast with Blake Sloan
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Myrtle Beach Real Estate Show 9-2-22
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Myrtle Beach Real Estate Podcast with Blake Sloan
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Here’s what you need to know about the state of our housing market. Big-time changes are happening in our market. If you’re using yesterday’s logic to make decisions today, you could leave a lot of money on the table. In this blog post, I’ll cover everything you need to know about Myrtle Beach’s housing market. Things are slowing down, but can you still secure a great deal? I’ll answer that question and more in your latest market update. Home sales have been declining in our area since March when we had 702. In July, we had 504. I believe this trend is caused by rising interest rates, which started right around March. Despite fewer home sales, prices remain high. The average price for a single-family home is up 13.4% from this time last year at $452,711. Prices peaked this year at $486,984 in March before falling until June. However, prices were up slightly again in July. It seems like the initial shock from higher interest rates is over. The main reason our prices probably remain high is that inventory levels remain extremely low. “It’s still a great time to buy or sell a home, but you need a fantastic agent.” That being said, supply is still up significantly. There are 42.9% more homes on the market now than there were a year ago. We currently have around two months of inventory; last year, we had 0.9. The good news is that a seller’s market is anything below six months of supply, so prices won’t drop dramatically. Instead, they will likely soften. Fortunately, our area is pretty well-insulated from national trends. Myrtle Beach is one of the fastest growing cities in the country, so prices will be protected here. On top of that, I don’t expect the national market to crash. There’s been a massive shortage of homes all across the country since the last crash in 2008. Plus, millennial buyers are heading to the market in droves. If you’re looking to stay in your home for a long time, it’s a fantastic time to purchase a home. The bottom line is that this is a great time to buy or sell a home, but you need a fantastic agent. When the market was hot, your aunt could have sold your house and gotten a decent price. Now, you need a bona fide team of experts if you want the most money possible. Recently, we’ve had sellers coming from other places freaking out that their homes won’t sell. A discount agent or team might have worked a few months ago, but they won’t work now. My team spends tens of thousands of dollars on marketing to get your home in front of as many buyers as possible. Frankly, I enjoy this new market since it gives talented teams such as mine the chance to prove ourselves. The condo side of things looks similar to the single-family side. Sales are down, and inventory is up 72.7% from this time last year. Condos in our area tend to be vacation homes, so this makes sense. Second homes are usually the first things to go when times get tough. Just like with single-family homes, prices are still up 27.6% year over year despite our slowing market. Prices peaked around May at $276,805 before dropping down to our current $258,706. What does this all mean for you? In my opinion, sellers should move fast. Prices remain high, but we don’t know how long they will last. Meanwhile, buyers have more options as inventory increases. There are currently 835 properties for sale in Myrtle Beach, but 12 weeks ago, there were only 382. If you enter the market now, you’ll have less competition for great properties. Meanwhile, rates are lower than they have been recently; some of my clients have received rates in the high 4% range. If you are looking to make a move or have questions about this topic, please call or email my team. We’d love to speak with you.…
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Myrtle Beach Real Estate Podcast with Blake Sloan
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Here’s what buyers and sellers need to know about our market shift. What’s happening in our real estate market? Things are changing rapidly, and you need to stay informed, if you want to make smart decisions. Let’s look at the latest numbers from June 2022 and see what they say about our market. The biggest news is that sales are down. Sold homes are down 27.5% year-over-year, but this trend didn’t start in June. Home sales have slowly been ticking down since mid-April. This is likely due to our rising interest rates and slowing demand. Despite sales being down, the median price remains high. We peaked in May at around $380,000, while the median price in June was $375,000. Meanwhile, the average price peaked in April at $486,994, but it was closer to $457,000 in June. This is still a year-over-year increase of 14%, so the news isn’t all bad for sellers. “Sellers need to move fast if they want top dollar. ” Supply is also increasing. We currently have 1.6 months of inventory, which isn’t much, but it’s the most we’ve had in a very long time. Buyers have more options to choose from, and it’s reflected in our data. Showings per listing are down 23% month over month. Condo sales are down 40% from last month. Much like single-family homes, inventory is increasing, but prices remain high. No one knows how long prices will stay this high, so if you’re looking to sell your home or condo, we recommend you move sooner rather than later. Low supply should protect prices somewhat, but no one knows for sure. If you have questions about today’s topic or anything else, please call or email us. We look forward to hearing from you!…
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Myrtle Beach Real Estate Podcast with Blake Sloan
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Myrtle Beach Real Estate Show 7-5-22
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Myrtle Beach Real Estate Podcast with Blake Sloan
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Myrtle Beach Real Estate Show 6-24-22
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Myrtle Beach Real Estate Podcast with Blake Sloan
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Myrtle Beach Real Estate Show 6-14-22
Updating you on the latest market news from the Myrtle Beach area. Today we will take a look at the latest data we have for the Myrtle Beach area and update you on what’s been happening in our real estate market. This month’s market update might be a little shocking because we’ve seen some big shifts. Cited below for your convenience are timestamps that will direct you to various points in the video. Feel free to watch the full message or use these timestamps to browse specific topics at your leisure: 0:00 — Introducing today’s topic 0:20 — Single-family resale homes sold 1:15 — Monthly supply of homes for sale 1:35 — Single-family home prices are up 2:55 — Online buyer traffic is down for single-family homes 3:25 — Pending deals and condo sales are down 4:20 — Condo prices are rising 5:00 — Online traffic and monthly supply is also down for condos 5:35 — Reach out to us for a consultation 6:20 — Properties that went under contract in the past week 8:00 — Wrapping up If you have any questions, don’t hesitate to reach out to us by phone or email. We look forward to helping you with any of your real estate needs.…
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Myrtle Beach Real Estate Podcast with Blake Sloan
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Myrtle Beach Real Estate Show 6-6-22
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Myrtle Beach Real Estate Podcast with Blake Sloan
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Myrtle Beach Real Estate Show 5-24-22
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Myrtle Beach Real Estate Podcast with Blake Sloan
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Now that interest rates are rising, how have they impacted our market? What’s happening in our real estate market? The latest numbers are in, and some of them are surprising. It looks like interest rate hikes are starting to have a major impact on our market. If you’re looking to buy or sell soon, what does this mean for you? You can hear our full explanation in the video above or skip to each topic using the timestamps provided: 0:00 — Introduction 0:44 — The surprising numbers from last month 1:41 — The good news for home sellers 2:53 — The latest condo numbers 4:16 — Our thoughts on the future of the market 5:10 — Check out our free home evaluation tool 6:13 — Wrapping things up If you have any questions about today’s topic, please call or email us. We’d love to guide you through this market.…
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Myrtle Beach Real Estate Podcast with Blake Sloan
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Myrtle Beach Real Estate Show 2-22-22
Here are the newest statistics from the Myrtle Beach housing market. What’s going on in the real estate market? Today I have the latest market numbers, and they’re very interesting, to say the least. For example, this is the first time we’ve seen a double-digit decline of home sales. For the entire Grand Strand area, single-family home sales fell by 12.2% over last year, going from 777 sales in 2021 to 682 this year. Why did sales drop? Interest rates have been rising significantly, which has some buyers pulling out of the market. The good news for sellers is that home prices have reached record numbers. The average home price in the Grand Strand rose 28.2% compared to the same month last year, leaving us at $462,594. The median price rose 26.3% to $359,900. The driving force behind these price increases is the fact that inventory is still at an all-time low—not just locally, but across the country. We’re in a super seller’s market, meaning that sellers have the high ground. Inventory fell 23.1% year over year, leaving us at one month of inventory. A healthy market typically has around six months of inventory. Anything below that is a seller’s market, so you can see how much of an advantage today’s sellers have. “Interest rates have been rising significantly, and some buyers are pulling out of the market.” Condo sales also fell by 3.5% year over year, going from 811 sales in March 2021 to 783 this year. However, condo prices have increased by 33.1% to an average of $254,224. The median price rose by 36% to $211,500. Overall, condo inventory is down by a whopping 70% over last year. The one wild card in our housing market is our interest rates. Right now, rates are the highest they’ve been since 2011, having just recently hit 5.08%. If you’ve been thinking about refinancing, you may want to do it quickly, as interest rates are projected to rise more this year. This is important for sellers to know because as rates increase, buyers tend to leave the market out of hesitancy or being priced out. If you’re planning to sell, now is a great time to start the process. The market is in dire need of inventory, and you’re sure to get an excellent sale if your home is in good condition and priced correctly. Most agents wait until they put the for-sale sign in the yard before they start marketing homes; we outspend the average agent 100 to one in marketing. We spend tens of thousands of dollars every month to drive traffic to available homes and match you with a buyer seamlessly. We’ll give you access to the 67,288 active homebuyers we have in our database. If you’d like to learn more about how we help sellers find success or about the real estate market in general, don’t hesitate to give me a call or send me an email. I’d love to help you.…
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Myrtle Beach Real Estate Podcast with Blake Sloan
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Here’s what you need to know about our local real estate market. What’s happening in our real estate market? Things are changing every day, so I want to go over the latest numbers and explain what they mean for you. For the first time in a long time, Myrtle Beach sales are down. Last month, single-family home sales decreased by 1.9%. That isn’t anything huge, but it’s something to keep in mind moving forward. Meanwhile, our inventory continues to shrink. Last month, we had 467 home sales compared to 507 from the same month last year. Based on what I’ve seen in new pending deals, I don’t expect this slight downturn to last. “Don’t make the mistake of choosing an agent using the same old tricks.” If you’re a homeowner, the good news is that prices are still through the roof. The median sales price is up 19.5% from this time last year to $340,600. The average sales price is up 12.5% to $412,827. Those numbers are high, but with the proper marketing, your home can sell for even more. Just recently, I helped a guest on my show sell their house for 20% above market value. Supply is down 43.8% from last year. Currently, we only have 0.9 months of inventory, which is a record low. I know tons of buyers who are willing to pay top dollar for a quality home, so if you or anyone you know is looking to sell, now is the time. While the market for single-family homes is slowing down, the condo market is speeding up. Condo sales were up 35.3% from the previous year, and the average sales price is up 31.9% to $236,504. At the same time, condo inventory is down 82.1% from this time last year. Here’s the deal: Don’t make the mistake of choosing an agent using the same old tricks. My team has developed a marketing strategy designed to take advantage of our unique market conditions. If you are interested in getting the most money possible for your home, call or email me. I look forward to hearing from you.…
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Myrtle Beach Real Estate Podcast with Blake Sloan
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Myrtle Beach Real Estate Show 2-22-22
Here are the latest numbers for our February real estate market. We have a brand new market update for you today. We just got last month’s numbers in, and they are crazy. Last month, we saw a 7.3% decline in single-family home sales. That comes out to 470 home sales in our area last month compared to 507 sales in January 2021. However, prices are still up. The median home price is up 21.8% at $335,000 last month versus $275,000 last year. The average sales price is also up 14.8%. A lot of homeowners are getting way more for their property than they thought possible, especially if they live in a high-demand area. We saw price appreciation overall in our area, but some micro-markets have seen even larger increases in price. One thing driving this price appreciation is supply. The number of homes for sale is down to an all-time low; supply is down 47.1% at 0.9 months of inventory. There are only 352 homes available in all of Horry County, and it’s really a crisis. On our team, we have 66,777 buyers competing for just 352 homes. It’s challenging for buyers but a great opportunity for homeowners. We’ll probably see an increase in sales this month because January has been incredibly hot. The sales numbers look more like the spring of 2021 than the normal winter market. The condo market is also super hot. Everyone who was looking to buy homes before moved into the condo market because it was more affordable, but that demand has basically wiped out the available inventory for condos as well. “If you’re a seller, now is the time to take action.” Condo sales were up 20.1% last month at 561 sales compared to 467 last year. The median condo price went up to $195,000 last month, which is an increase of 21.9%. The average sales price is up 14.9% at $229,548 compared to $199,725 last year. This is great news for anyone who owns a condo, and we’re seeing a lot of investors cashing out. Again, inventory is the driving force behind this. Condo supply hit a new record low; it is down 80.6% at 0.6 months of inventory. We are seeing hundreds of millions of dollars come into our area from across the country. We’re seeing big hedge funds everywhere right now; one in every five homes sold are bought by them, and a lot of them are buying in our area. One thing to watch out for is interest rates. They jumped big time in only a week, going from 3.71% to 4.02%. That will definitely cause some buyers to pump the brakes. The goal is to buy before rates get too high because your monthly payment goes up significantly alongside them. If you’re a seller, now is the time to take action. Inventory is at an all-time low, and as rates go up, fewer buyers will stay in the market. If you’re planning to sell, don’t rely too much on online evaluations. I guarantee you that my team and I can get you more money for your home than any online evaluation is saying. We have a proven system to drive up prices, so if you want to take advantage of it, call us at 843-808-SOLD or send us an email.…
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Myrtle Beach Real Estate Podcast with Blake Sloan
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Today we’ll go over the final numbers from the 2021 real estate market. We just received brand new data to finish off 2021. It was a crazy year for real estate, and we’re still feeling its effects in Q1 of 2022. Today we’ll update you on our market and dive into the data to give you some great information. Feel free to watch the full message or use these timestamps to browse specific topics at your leisure: 0:29 — 2021 single-family house sales and median prices 1:28 — Single-family house inventory levels 2:37 — December sales and median price trends 4:25 — 2021 Condo sales 5:18 — Condo inventory levels 5:56 — Condo median sales price 6:47 — Wrapping up We are getting numbers that we never thought possible for our clients. If you want to know about that, or if you have any questions, don’t hesitate to reach out to us via phone or email. We look forward to hearing from you.…
Myrtle Beach Real Estate Show 12-27-21
Here are the latest numbers for our local real estate market. Today I have the brand-new market numbers for you. They are very interesting, to say the least. We had our first double-digit decline, which is not the news I like to give, but I want to keep you updated on the market. That being said, let’s take a look at all of the data. Feel free to watch the full message above, or skip to topics that interest you using the timestamps provided below for your convenience: 0:28 — Single-family homes last month 1:48 — Supply is protecting price right now 2:17 — Condos are doing well 3:08 — Supply is at an all-time low for condos 3:55 — Call us if you’re thinking about selling 4:32 — We have tons of buyers on our website 5:17 — John and Patricia’s success story 5:57 — Jack and Patricia’s success story 7:02 — Wrapping up Remember, the agent you choose matters. If you are looking to sell or know someone who is, give us a call. We will get your home sold and maximize your equity.…
Here are the latest numbers from our local real estate market. Today I wanted to bring you a quick market update. The most recent numbers just got released, and they are interesting, to say the least. We’ve had our first month of declining sales in quite a while. Let’s take a look at the numbers. You can watch the full message above, or skip around to topics that interest you using the timestamps provided below for your convenience: 0:24 — The recent decline 1:16 — Prices are flattening a bit 2:04 — A new record in average sales price 2:28 — Our inventory is still super low 3:14 — Showings per listing 4:26 — Condo sales 5:07 — An all-time low in the supply of condos 5:38 — Strike while the iron is hot 6:37 — David’s success story I predicted last month that the market would start to slow down a bit, and it looks like we’ve finally gotten the data to show that. We’ve stayed relatively steady for a few months, so if you’re looking for the top, this might be it. If you have any questions, are looking to buy, or want to sell, feel free to give me a call. I would love to help.…
Here are the latest numbers for single-family homes and condos from August. We have some brand-new numbers to share for the Myrtle Beach real estate market. The numbers are good on paper, but there are some concerning trends. For example, we’ve seen two straight months of decline in single-family sales and three months of decline in condo sales. These drops have not affected prices yet, but they are worth keeping an eye on. Without further ado, let’s break down the numbers from August: Single-family homes: Sales are up 4.3%. This is great, but we can see the market capped out in June with 797 home sales in the month. Last month, we had 653 home sales, so we’re seeing significantly fewer buyers. Inventory saw a 58.3% decrease from August 2020 but has been climbing for the last two months. We’re still near all-time lows, so that’s protecting the sales price for the time. For sales price, our average is up 22.3% at $410,957 which is a new record. The median price is up 20.4% to $325,000. “The drop in sales and the rise in inventory are alarming.” Condos: Sales are up 10.7% from last year. We have seen three straight months of decline, though. The price may soften a bit in the future. The supply is down 77.1% from last year at 1.1 months’ worth of inventory. That is protecting prices from dropping. The average price is up 10.4% at $209,846. The median price is also up 8.3% at $170,000. The sales in Myrtle Beach last month were down 30% from the same month last year. I think this shows some buyer fatigue. There is usually a bit of seasonality, but it doesn’t normally drop off this fast. We’re not sure if this is a speed bump or a lasting trend, but we might be at the peak of the market. Again, the drop in sales and the rise in inventory are alarming, so we’ll probably see the price soften up a bit in the near future. We’ve talked to a lot of homeowners and helped them realize we can get them more than they think for their homes. There is such a shortage of inventory that we can use our marketing system on top of that to really drive up the sales price. If you want to figure out more about this, give me a call or send an email. I’m always willing to meet with you. Anything and everything you have questions about that’s real-estate related, you call me. I look forward to hearing from you soon.…
Here are the numbers to know for our market as we head into August. The latest numbers are in for Myrtle Beach real estate and they’re very interesting. We saw a big decline in the number of homes sold, which we knew was coming because of a recent dip in pending sales. If you look at single-family home sales in July, they were down 11.6% in the Grand Strand from June. Only 631 homes sold last month vs. 790 the month before. That’s a pretty significant drop. The good news is that home prices are still up. Last month, the median price was up 22% overall to $322,000. The average sale price is up 16.5% to $395,175. The one thing to notice is that there was a slight decline in the month-over-month numbers. The average price is up 16.5% from where it was in July 2020, but it’s actually down from $398,160 in June. We’ll keep an eye on this trend going forward. Now let’s take a quick look at inventory. We’re down 65.7% year over year and have only 1.2 months of inventory right now. I track this number weekly. “Condo inventory is the lowest that it’s ever been.” Condo sales are up 2.8% year over year, but they’ve dropped significantly month over month. We had 835 condo sales in June and only 665 in July. As with single-family homes, average prices for condos are still up. The median price is up 14.5% year over year and the average price is up 18.3% year over year. Month over month, there was also a $7,000 drop in average condo prices from June to July. Condo inventory is the biggest movement we’ve seen out of any number. We’re down 82% from last year to just 0.9 months. That’s the lowest figure we’ve ever seen. We’ve been tracking new properties every single morning in our 9:00 a.m. huddle. About 30 to 45 days ago, the number dipped into the 580 range. However, over the last seven days, we’ve had 738 properties under contract. Last month, we saw around $180 million in volume per seven days. Today we’re closer to $243 million in volume per seven days. Inventory was hovering around the 400 range, but it’s now up to 508. This will help with some buyer fatigue. There is a different, more affluent buyer that comes into our market in the fall. If you’re thinking about selling, you should know this and they tend to buy a ton of high-end properties and they tend to pay top dollar for them. Right now, there are almost 70,000 active buyers in our system. If you’re thinking about selling, we can help you. We’re selling properties like crazy and can help you get yours sold for the right price and with the right terms. Don’t list with just an average agent. You need the absolute best to have success in one of the hottest markets of all time. In Myrtle Beach, that’s The Sloan Team. If you have any questions for me about the latest numbers or real estate in general, don’t hesitate to reach out via phone or email. I look forward to hearing from you soon.…
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Myrtle Beach Real Estate Podcast with Blake Sloan
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Here are the latest stats from June 2021 real estate market. I have the latest real estate market update for you today. I’m going over all the numbers including inventory, sales, prices, interest rates, and more. This is your spot to get all the stats about our market. Even if you’re not considering entering the market, you should know what’s happening so you can make the best decisions for your future. Feel free to watch the full message above, or use these timestamps that will direct you to various points in the video. 0:05 — Introduction to today’s topic 0:35 — Our present single-family home sales numbers 1:35 — Sellers can currently get more for their homes than they think 2:30 — Our supply of homes right now 3:25 — Our latest showings per listing numbers 4:20 — The most crucial number to know about condos at the moment 5:30 — Watching the trends in the market’s weekly numbers 6:20 — This week’s great news about interest rates 7:10 — The value of having the right representation in this market 7:25 — Wrapping up today’s topic If you want to know more about our market or finding the best agent for you, email or call us anytime. We’d love to help you. Want to hear more? Tune in to our radio show on 99.5 Talk Radio, Saturdays at 9 a.m. and Sundays at 11:30 a.m. I’m also featured on the brand-new 94.5 on Saturdays at 1 p.m. You can also check out our podcast online.…
We’re seeing a peculiar decline in some areas of our market. Some very interesting stats are emerging from our Myrtle Beach market as we enter summer 2021. Sales are still crazy and numbers are up across the board, but we’re seeing a slight decline in a couple of areas as we look at the data from May 2021. For single-family homes, there were 655 sales, which is a 71.6% rise compared to May 2020. The nuance surrounding this rise is that we were in the middle of a lockdown last year. In fact, May was the worst month of 2020. The month-over-month change is the more concerning number, as those 655 sales represent a significant drop compared to the 770 we saw in April 2021. Another area experiencing a decline is median sale price. It rose 27.8% year over year to $290,000, but April’s median sale price was $299,530. Essentially, we lost about $10,000 worth of median sale price during that time frame. The average number of showings per listing also dropped month over month from 11.3 to 10.9. These three trends are slightly concerning to watch, as we might see some buyer fatigue setting in. Obviously the No. 1 challenge we all know about is inventory. We’re in an absolute inventory crisis, and we just set a new record-low last May with just 0.9 months of supply—a 78.6% drop compared to last year. The good news is that the average price of single-family homes rose 30.9% year over year to $388,781, so Myrtle Beach and Grand Strand homeowners have more equity than ever. We’re selling a lot of homes for $40,000 or $50,000 over asking price based on a strategy we designed to create a virtual auction effect. At 3:11, you can see a Facebook endorsement from Barbara Corcoran that mentions this strategy specifically. “We’re in an absolute inventory crisis, and we just set a new record-low last May.” I’m very excited and proud of what my team’s been able to accomplish in this market considering a lot of homeowners are costing themselves tens of thousands of dollars by hiring average agents. Anyone can sell a house right now, but if you want to sell for the maximum amount of money, you need to hire someone who has a system in place. Just the other night, someone from our buyer team made a full-price offer on a home the minute after it was listed. The seller took the offer before giving anyone else a chance to see their home and make a bid. In fact, someone else from our buyer team wanted to make an offer, but they weren’t able to schedule a showing. That seller missed out on a chance to drive their home’s price up because their agent doesn’t know what they’re doing. Condo sales, meanwhile, technically rose 165% year over year, but they dropped month over month from 820 to 802. The median sale price rose 24.2% to $165,000, while the average sale price rose 29.% to $199,344. Just like with single-family homes, the average number of showings per listing dropped month over month from 11.5 to 11 due to an inventory crisis. The current supply of condos stands at just 1.1 months, which is an 80.4% drop compared to May 2020. Anyone who lives in Myrtle Beach knows we’re a very seasonal area. Once school is out, people come to town and combine their vacations with their home-buying or condo-buying experiences. If you or anyone you know is thinking about selling, don’t let them cost themselves hard-earned equity. Day in, day out, average agents who don’t know what they’re doing are misleading their clients. As you’ve heard me mention several times, the average agent in our MLS sells only four homes per year. They won’t be very well-versed on what’s happening in our fast-paced market. My team, on the other hand, sells a home every 12 to 16 hours. If you’d like to know how we can get your home sold quickly and for top dollar or have any questions about our Myrtle Beach market, don’t hesitate to reach out to me. I’d love to help you.…
Here are the latest numbers from the Myrtle Beach and Grand Strand markets. I have a brand-new market update to share with you, and the numbers are insane. We’re seeing some record-breaking numbers for the Myrtle Beach and Grand Strand real estate markets, and I’m excited to share them with you today. Looking at single-family home sales in April, we’re up a whopping 62% from April 2020. We’re seeing hundreds of millions of dollars per week being poured into the Grand Strand from other areas of the country, which is causing prices to skyrocket. Last month, the average sale price was up 29% to $378,787. The median price was also up 21% to $299,000. Inventory is the biggest story right now. We have a new crisis low, as inventory is down 78.3% to just one month. Anytime we have inventory below six months, it’s a seller’s market. With just one month, we have a very strong seller’s market. With sales up so much and inventory down so much, that puts upward pressure on prices. It’s always based on supply and demand, and the lagging indicator is always going to be price. One thing to note is that buyer traffic is up 307% from last year. People are in town right now and buying homes, and Myrtle Beach was recently ranked a top-10 destination for 2021. Tripadvisor recently named Myrtle Beach the No. 3 destination for 2021. We’re competing with these huge, national destinations and squarely in the conversation. This shows you we’re a fantastic relocation and vacation destination. “I’m not sure how long this party can last.” Let’s take a quick look at condo sales. Last month alone, they were up 137.6%. I’ve never seen a number like that in my 20 years in real estate. We had 803 condo sales this last month versus 338 in April 2020. The average sale price for condos is up 21.1% to $198,832, and the median price for condos is up 13.3% to $163,000. Condo inventory is down 76.3% from last year to 1.4 months. Inventory is down across the board in our market and throughout the country. Homes are selling extremely fast, but you still need to make sure that you’re hiring the right agent. The average agent only sells about four homes per year. That means they aren’t in tune with what’s going on in the market at a given time nor are they knowledgeable about the best practices to sell for top dollar. They’re listing on random days during the week and leaving money on the table by taking the first offer. With the system that we’ve designed, we make properties live on a specific day to drum up demand and create a multiple-offer situation that drives the price up. Then the seller comes back and chooses the best offer, and this strategy typically results in home sellers making tens of thousands more on their sale. Make sure that you take advantage of this market if you’re thinking about selling. I’m not sure how long this party can last. If you or anyone you know is thinking about selling, now is the time to get the ball rolling. We are working with hundreds of active buyers and can help you sell for top dollar. If you have any questions for me about the market or selling your home, don’t hesitate to reach out via phone or email. I look forward to hearing from you soon.…
Let’s take a look at the latest numbers from this crazy market. It’s time for another update on the market, and to be frank, these numbers are the craziest I’ve ever seen. There are massive increases in every aspect of the market right now, and records are being broken across the board. In just the last seven days in our marketplace, 827 properties went under contract, over $219 million worth of properties. Let’s take a look at the latest numbers for March: Single-family sales increased by 45% over last year. Prices are also through the roof; the median price rose by 20.9% to $287,500 and the average price rose 19.5% to $360,519. But what’s driving up prices? It’s our extremely low inventory. The number of homes for sale on the market is down by 78.3% over last year, and we currently only have one month of supply available. A healthy market has between six and seven months of inventory. Decreased supply and rising demand in the marketplace have put upward pressure on home prices. Another crazy statistic is buyer traffic. We track showings per listing across the entire MLS and found that showings are up by 175% over last year. Here in Myrtle Beach, we have the perfect storm of ultra-low interest rates and the pandemic causing more buyers to flood into our market. Additionally, the ability to work from home and the fact that people can retire earlier also contributes to our influx of traffic. They’re coming down here to try to buy while it’s still affordable. “We have over 60,000 buyers with an account on my website, but there are only around 2,000 homes for sale.” We’re also finding that many people have a lot more equity right now than they realize, so much so that online home valuations are way off the mark. We know of one seller who based their sales price on an online valuation and wound up undervaluing their property by $30,000. That’s why it’s critical that you work with an experienced agent; we can help you avoid leaving money on the table. Condo sales are also through the roof, having risen by 57.1% in March. They’re higher than normal because many of the people who were looking for homes have found that they can no longer afford them, so they turn to condos, which are more affordable and available right now. The median condo price rose by 14.1% over last year to $158,000, and the average price rose by 19.4% to $191,790. Like single-family homes, buyer traffic for condos also skyrocketed by 171.4%. To give you a perspective about the disparity between buyers and sellers in the market, we have over 60,000 buyers with an account on my website, but there are only around 2,000 homes for sale. If you or someone you know has been thinking about selling your home, you should reach out to me as soon as possible. We can create an auction-like effect for your property by generating multiple bids so that you can get top dollar for your home. We’re also negotiating for many sellers to get extended closing dates so they have time to find a replacement home. And as always, don’t hesitate to reach out to me with any questions you have. I’d be glad to assist you.…
Spring has brought a golden opportunity for sellers in our market. The latest statistics from our Myrtle Beach real estate market are unbelievable. We’ve seen massive increases in sales and sale prices, and inventory has seen a huge drop. Here’s how last month’s numbers stack up to February 2020. Single-family home sales rose 22% from 411 to 466 sales. The median sale price for single-family homes rose 22.4% to $364,370. Most shockingly, inventory dropped 68.2% to 1.4 months. What this means is that there are 68.2% fewer homes available than there were last year, and with demand going through the roof, we’re seeing a lot of pressure on home prices. Buyers are getting into bidding wars and we’re seeing a massive influx of cash from up north (New York, New Jersey, Pennsylvania, etc.). Homeowners up there are selling their homes for $600,000, $700,000, or even $800,000 and buying homes down here in the $360,000 to $370,000 range. This is huge news for home sellers because they want to take advantage of this trend. Another key number to remember is buyer traffic. Last month, showings across the MLS were up 78.8%. This means we’ll continue to see increases in sales and sale prices moving forward. Interest rates, however, have jumped the past few weeks, which may pump the brakes a bit. The average for a 30-year fixed term is 3.45%; just a few weeks ago, the average was 2.76%. Also, Fannie Mae pumped the brakes in terms of how many second homes and investment properties they want in their portfolio, which will hurt the second home market. They want to limit their portfolio to 7%—it’s usually about 14%. They’ve added fees to these types of mortgages, so we may see fewer of these types of purchases. That said, we’re still seeing a big influx of relocations from up north, which is great news for home sellers. We’re not sure how long this will last, but it’s great news nonetheless. “We’ve seen massive increases in sales and sale prices, and inventory has seen a huge drop.” In the condo market, sales rose 22.5% from 435 to 533 sales. The median sale price jumped 13.2% to $179,105. As with single-family homes, inventory for condos dropped drastically by 46.9% to 2.6 months. We’re seeing an inventory crisis across the country right now, but it’s especially prevalent in our area because of all the relocation we’re seeing from northern buyers. They want to be in less densely populated areas and want more freedom. My team and I have dealt with a ton of these buyers who want to buy here ASAP. If you’re looking to sell, it matters a great deal which agent you use. We’re seeing many agents leave a lot of money on the table (in some cases, $20,000 or $30,000) for their clients because they’re not handling the current market correctly. The reality is that most agents in our market don’t deal with a lot of buyers. The average agent only sells about four homes a year. That’s not a whole lot of money to market with. From a marketing standpoint, the Sloan Realty Group outspends the average agent by a ratio of 100/1, and we work with buyers across the globe. As of the recording of this video, there are 60,522 active buyers in our market from all over the country, so you owe it to yourself not to leave money on the table when selling. One of our recent seller clients chose to move back to upstate New York to be closer to his family, and when he reached out to us about working with our team, he got a big surprise. We showed him how we could sell his home for $20,000 more than what online estimates showed. Within one day of putting his home on the market, we had it under contract with multiple offers. This is something we’re seeing all across the board, so to reiterate: If you or anyone you know is thinking about selling, now’s the perfect time to act. Don’t wait too long, because some industry experts warn of a potential market shift happening in the third or fourth quarter of this year. With interest rates rising, take advantage of the market while numbers are up and we’re still in early spring. As always, if you have questions about our Myrtle Beach market or are ready to start your home-selling journey, don’t hesitate to reach out to me anyway you can. Don’t just trust the online data. You need experts like the people on our team, because we can put a lot more money in your pocket at the end of the day. I look forward to hearing from you.…
Here are the latest numbers from our fast-moving real estate market. I have a brand-new market update for you with last month’s numbers, and they’re absolutely insane. The market is pure chaos as more and more buyers come to town from all over the country. They’re making offers sight unseen, buying virtually, and we have a new record low for inventory. The number of homes for sale in January was up 14.6% from 411 to 471, which is great news. Prices are also up 19% to $275,000 for single-family resale homes on the Grand Strand. The average sale price is up 13.6% to $347,243. These are all awesome numbers. The biggest news of all is that inventory is down a whopping 65% from where it was last year. Right now, we have just 1.5 months of available inventory. A healthy market has about six months. Once inventory gets below one month, it could create a stalemate, especially as we see more buyers come into our market from other states. The biggest influx of buyers to our market has come from North Carolina, New Jersey, Pennsylvania, and Connecticut. They’re escaping metropolitan areas and working remotely; this has become one of the hottest markets in the country. “The market is pure chaos as more and more buyers come to town from all over the country.” In terms of buyer traffic, we were up 80% from November to December and 39.2% in January. The amount of showings per listing in the entire Grand Strand is seeing a bit of a pullback as interest rates shot up slightly to an average of 2.87%. As rates go up, we may see things slow down a little. Condo sales are up 22.4% from last year as they experience an inventory constraint as well. With such a low inventory of homes, buyers are having to look more toward condos both inland and on the ocean. We had 488 condo sales last month versus 366 in January 2020. The average sale price was up 19.5% to $200,594, and the median price is up 13.9% to $159,500. Condo supply is down 40.8% to 2.9 months. Here’s the bottom line: There are thousands of fewer homes on the market now than there were last year. On top of that, there is a huge influx of buyers coming from Northeast cities which is driving prices up. We’re waiting to see what will happen in the next few months, but the usual spring market is now happening this winter due to a multitude of factors. If you want to take advantage of current conditions as a home seller or buyer, don’t hesitate to reach out via phone or email. We’d be happy to answer any questions you have, and I look forward to hearing from you soon.…
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Myrtle Beach Real Estate Podcast with Blake Sloan
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Our Myrtle Beach market remains red-hot as we begin 2021. As we begin 2021, it’s time to look back at the December numbers from our Myrtle Beach real estate market. It was an amazing month and an amazing year overall considering everything that happened. So many buyers have been moving here from out of state that it’s set our market on fire and caused an inventory crisis (more on that below). Let’s first look at the year-over-year stats for resale single-family homes. Sales rose 24.9% from 506 to 632, the median price rose 15.6% to $270,000, and the average sale price rose 23.6% to $341,509. This means a lot of extra equity in homeowners’ pockets. If you have a home, it’s probably worth more than you think it is—even more than what the online home valuations say. Annually, sales rose 12.2% to 6,707, and the average price rose 14.9% to $324,129. As I said, we’re in a full-blown inventory crisis. Nationally, inventory is as low as it’s ever been, and we’re even lower than the national average. Our supply of resale homes is right at two months, which is a 53.5% year-over-year decrease. As you can expect, this has put massive pressure on prices. What’s been driving this trend? Buyer traffic. Last month, the average number of showings per listing was up 83.9%. “Nationally, inventory is as low as it’s ever been, and we’re even lower than the national average.” Moving onto the condo market, sales rose 38.9% from 440 to 619, the median price rose 15% to $156,000, and the average sale price rose 11.3% to $189,345. Annually, condo sales rose 5.6% and the average price rose 9.2% to $178,131. During the last few months of the year, sales really took off due to inventory for single-family homes being so low. A lot of buyers opted to move into condos because there were more of them and they were more affordable. As you can imagine, buyer traffic for these properties rose 44% in December. Annual inventory, meanwhile, decreased 28.9% to 3.3 months. By far the scariest of these numbers is the 53.5% decrease in single-family home inventory. Since the 1st of the year, inventory has risen slightly, but it’s still well below the six-month mark needed for a balanced market. With inventory so low and interest rates creeping up a bit, we’re approaching an important juncture in our market, and now is the perfect time to sell. Due to the pandemic and other factors, many people are moving to the Myrtle Beach area seeing greater affordability and more freedom. On top of that, a lot of buyers who’ve been waiting for the holidays to be over to list will be entering the market. The point is, strike while the iron is hot. If you’d like to take advantage of our Myrtle Beach market right now, would like an instant home valuation, or have any questions at all, don’t hesitate to reach out to me. Talk to you soon…
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