The Harrelson Group 2018 1st Quarter Market Report

2018 GRAND STRAND MARKET UPDATE

Data Represents January 1st - March 31st for all years as of 04/19/18. Source of data contained is the CCAR Multiple Listing Service. Information is deemed reliable but not guaranteed. Consult your Century 21 The Harrelson Group agent for more information.

2018 Century 21 The Harrelson Group

New Listings

0

1,750

3,500

5,250

7,000

5,6186,2825,773

Closed Sales

0

825

1,650

2,475

3,3003,2803,161

2,691

Inventory

6,000

6,500

7,000

7,500

8,000

6,580

7,196

7,765

2016 2017 2018

ALL PROPERTY TYPES 2016 2017 2018 Change

New Listings 5,773 6,282 5,618 -10.6%

Inventory of Homes for Sale as of 3/31 7,765 7,196 6,580 -8.6%

Closed Sales 2,691 3,161 3,280 3.8%

Median Sales Price $163,808 $169,000 $175,000 3.6%

Average Sales Price $194,979 $207,496 $207,270 -0.1%

Avg. Percent of Original List price 96.8% 97.2% 97.3% 0.1%

Avg. Days on Market Until Sold 159 154 142 -7.8%

The Harrelson Group 2018 1st Quarter Market Report

HORRY COUNTY

Data Represents January 1st - March 31st for all years as of 04/19/18. Source of data contained is the CCAR Multiple Listing Service. Information is deemed reliable but not guaranteed. Consult your Century 21 The Harrelson Group agent for more information.

2018 Century 21 The Harrelson Group

Closed Sales

0

400

800

1200

1600

2000

Residential Condo/Townhouse

1,189

1,716

1,1981,585

2017 2018

RESIDENTIAL

8.26% NO. OF SALES TOTAL LISTED INVENTORY FOR SALE

AVERAGE DAYS ON THE

MARKET

AVERAGE SALE PRICE

SALE PRICE VS LIST PRICE

2017 1,585 3,133 3,175 151 $234,333 97.2%

2018 1,716 2,808 3,170 149 $237,597 97.4%

CONDO/TOWNHOUSE

-0.75% NO. OF SALES TOTAL LISTED INVENTORY FOR SALE

AVERAGE DAYS ON THE

MARKET

AVERAGE SALE PRICE

SALE PRICE VS LIST PRICE

2017 1,198 2,217 2,685 154 $148,834 95.3%

2018 1,189 2,005 2,248 127 $146,861 95.8%

ALL PROPERTY TYPES 2016 2017 2018 Change

New Listings 5,023 5,350 4,813 -10.0%

Inventory of Homes for Sale 6,468 5,860 5,418 -7.5%

Closed Sales 2,372 2,783 2,905 4.4%

Median Sales Price $159,450 $165,000 $172,900 4.8%

Average Sales Price $188,642 $192,481 $200,211 4.0%

Avg. Percent of Original List price 96.4% 96.4% 96.7% 0.3%

Avg. Days on Market Until Sold 155 152 140 -7.9%

The Harrelson Group 2018 1st Quarter Market Report

MYRTLE BEACH

Data Represents January 1st - March 31st for all years as of 04/19/18. Source of data contained is the CCAR Multiple Listing Service. Information is deemed reliable but not guaranteed. Consult your Century 21 The Harrelson Group agent for more information.

2018 Century 21 The Harrelson Group

ALL PROPERTY TYPES 2016 2017 2018 Change

New Listings 2,332 2,569 2,384 -7.2%

Inventory of Homes for Sale 3,046 2,748 2,691 -2.1%

Closed Sales 1,120 1,397 1,418 1.5%

Median Sales Price $163,850 $165,000 $169,000 2.4%

Average Sales Price $188,654 $196,564 $200,825 2.2%

Avg. Percent of Original List price 96.5% 96.2% 96.7% 0.5%

Avg. Days on Market Until Sold 154 151 138 -8.6%

RESIDENTIAL

8.42% NO. OF SALES TOTAL LISTED INVENTORY FOR SALE

AVERAGE DAYS ON THE

MARKET

AVERAGE SALE PRICE

SALE PRICE VS LIST PRICE

2017 665 1,266 1,189 149 $261,836 97.1%

2018 721 1,236 1,331 143 $266,759 97.6%

CONDO/TOWNHOUSE

-4.78% NO. OF SALES TOTAL LISTED INVENTORY FOR SALE

AVERAGE DAYS ON THE

MARKET

AVERAGE SALE PRICE

SALE PRICE VS LIST PRICE

2017 732 1,303 1,558 152 $137,356 95.3%

2018 697 1,148 1,360 132 $132,621 95.8%

Closed Sales

620640660680700720740

Residential Condo/Townhouse

697721

732

665

2017 2018

The Harrelson Group 2018 1st Quarter Market Report

NORTH MYRTLE BEACH

Data Represents January 1st - March 31st for all years as of 04/19/18. Source of data contained is the CCAR Multiple Listing Service. Information is deemed reliable but not guaranteed. Consult your Century 21 The Harrelson Group agent for more information.

2018 Century 21 The Harrelson Group

ALL PROPERTY TYPES 2016 2017 2018 Change

New Listings 787 791 678 -14.3%

Inventory of Homes for Sale 1,188 1,089 891 -18.2%

Closed Sales 292 346 347 0.3%

Median Sales Price $19,650 $215,000 $214,900 -0.0%

Average Sales Price $230,116 $259,439 $244,302 -5.8%

Avg. Percent of Original List price 95.3% 95.2% 95.5% 0.3%

Avg. Days on Market Until Sold 168 174 137 -21.3%

RESIDENTIAL

-14.52% NO. OF SALES TOTAL LISTED INVENTORY FOR SALE

AVERAGE DAYS ON THE

MARKET

AVERAGE SALE PRICE

SALE PRICE VS LIST PRICE

2017 124 284 361 179 $353,547 95.3%

2018 106 213 337 160 $326,094 95%

CONDO/TOWNHOUSE

8.56% NO. OF SALES TOTAL LISTED INVENTORY FOR SALE

AVERAGE DAYS ON THE

MARKET

AVERAGE SALE PRICE

SALE PRICE VS LIST PRICE

2017 222 507 728 171 $206,874 95.2%

2018 241 465 554 127 $208,327 95.8%

Closed Sales

050

100150200250300

Residential Condo/Townhouse

241

106

222

124

2017 2018

The Harrelson Group 2018 1st Quarter Market Report

SURFSIDE BEACH

Data Represents January 1st - March 31st for all years as of 04/19/18. Source of data contained is the CCAR Multiple Listing Service. Information is deemed reliable but not guaranteed. Consult your Century 21 The Harrelson Group agent for more information.

2018 Century 21 The Harrelson Group

ALL PROPERTY TYPES 2016 2017 2018 Change

New Listings 210 251 201 -19.9%

Inventory of Homes for Sale 270 228 203 -11.0%

Closed Sales 125 125 126 0.8%

Median Sales Price $155,000 $192,900 $222,200 15.2%

Average Sales Price $198,819 $194,592 $213,813 9.9%

Avg. Percent of Original List price 95.7% 95.4% 96.6% 1.3%

Avg. Days on Market Until Sold 139 127 109 -14.2%

RESIDENTIAL

21.13% NO. OF SALES TOTAL LISTED INVENTORY FOR SALE

AVERAGE DAYS ON THE

MARKET

AVERAGE SALE PRICE

SALE PRICE VS LIST PRICE

2017 71 160 149 139 $278,588 95.9%

2018 86 119 144 119 $286,476 97.1%

CONDO/TOWNHOUSE

-25.93% NO. OF SALES TOTAL LISTED INVENTORY FOR SALE

AVERAGE DAYS ON THE

MARKET

AVERAGE SALE PRICE

SALE PRICE VS LIST PRICE

2017 54 91 78 113 $103,637 94.7%

2018 40 82 59 85 $117,548 95.6%

Closed Sales

0

20

40

60

80

100

Residential Condo/Townhouse

40

86

5471

2017 2018

The Harrelson Group 2018 1st Quarter Market Report

GARDEN CITY BEACH

Data Represents January 1st - March 31st for all years as of 04/19/18. Source of data contained is the CCAR Multiple Listing Service. Information is deemed reliable but not guaranteed. Consult your Century 21 The Harrelson Group agent for more information.

2018 Century 21 The Harrelson Group

ALL PROPERTY TYPES 2016 2017 2018 Change

New Listings 110 104 113 8.7%

Inventory of Homes for Sale 177 149 142 -4.7%

Closed Sales 53 46 51 10.9%

Median Sales Price $21,000 $175,000 $156,000 -10.9%

Average Sales Price $343,424 $247,593 $221,575 -10.5%

Avg. Percent of Original List price 94.1% 93.5% 94.4% 1.0%

Avg. Days on Market Until Sold 188 178 159 -10.7%

RESIDENTIAL

-5.26% NO. OF SALES TOTAL LISTED INVENTORY FOR SALE

AVERAGE DAYS ON THE

MARKET

AVERAGE SALE PRICE

SALE PRICE VS LIST PRICE

2017 19 63 90 155 $334,705 93%

2018 18 66 102 189 $334,194 93.5%

CONDO/TOWNHOUSE

22.22% NO. OF SALES TOTAL LISTED INVENTORY FOR SALE

AVERAGE DAYS ON THE

MARKET

AVERAGE SALE PRICE

SALE PRICE VS LIST PRICE

2017 27 41 59 195 $186,293 93.9%

2018 33 47 40 142 $160,145 94.9%

Closed Sales

05

101520253035

Residential Condo/Townhouse

33

18

27

19

2017 2018

The Harrelson Group 2018 1st Quarter Market Report

MURRELLS INLET

Data Represents January 1st - March 31st for all years as of 04/19/18. Source of data contained is the CCAR Multiple Listing Service. Information is deemed reliable but not guaranteed. Consult your Century 21 The Harrelson Group agent for more information. “All Properties Types” are Single

Family Homes & Condo/Townhouse - 2018 Century 21 The Harrelson Group

ALL PROPERTY TYPES 2016 2017 2018 Change

New Listings 484 496 407 -17.9%

Inventory of Homes for Sale 507 452 390 -13.7%

Closed Sales 242 228 252 10.5%

Median Sales Price $214,000 $205,750 $210,875 2.5%

Average Sales Price $226,417 $211,320 $226,176 7.0%

Avg. Percent of Original List price 96.8% 96.5% 96.8% 0.3%

Avg. Days on Market Until Sold 158 128 130 1.6%

RESIDENTIAL

17.12% NO. OF SALES TOTAL LISTED INVENTORY FOR SALE

AVERAGE DAYS ON THE

MARKET

AVERAGE SALE PRICE

SALE PRICE VS LIST PRICE

2017 146 353 327 133 $238,840 96.3%

2018 171 296 286 134 $255,484 96.6%

CONDO/TOWNHOUSE

-1.22% NO. OF SALES TOTAL LISTED INVENTORY FOR SALE

AVERAGE DAYS ON THE

MARKET

AVERAGE SALE PRICE

SALE PRICE VS LIST PRICE

2017 82 143 125 120 $162,319 97%

2018 81 111 104 123 $164,304 97.2%

Closed Sales

0

40

80

120

160

Residential Condo/Townhouse

81

171

82

146

2017 2018

The Harrelson Group 2018 1st Quarter Market Report

PAWLEYS ISLAND (City)

Data Represents January 1st - March 31st for all years as of 04/19/18. Source of data contained is the CCAR Multiple Listing Service. Information is deemed reliable but not guaranteed. Consult your Century 21 The Harrelson Group agent for more information.

2018 Century 21 The Harrelson Group

ALL PROPERTY TYPES 2016 2017 2018 Change

New Listings 266 349 302 -13.5%

Inventory of Homes for Sale 512 522 453 -13.2%

Closed Sales 121 158 112 -29.1%

Median Sales Price $245,250 $268,500 $294,993 9.9%

Average Sales Price $282,854 $329,565 $340,061 3.2%

Avg. Percent of Original List price 95.3% 95.9% 96% 0.1%

Avg. Days on Market Until Sold 161 187 165 -11.8%

RESIDENTIAL

-29.47% NO. OF SALES TOTAL LISTED INVENTORY FOR SALE

AVERAGE DAYS ON THE

MARKET

AVERAGE SALE PRICE

SALE PRICE VS LIST PRICE

2017 95 193 292 158 $408,546 95.5%

2018 67 189 268 185 $415,044 96.1%

CONDO/TOWNHOUSE

-28.57% NO. OF SALES TOTAL LISTED INVENTORY FOR SALE

AVERAGE DAYS ON THE

MARKET

AVERAGE SALE PRICE

SALE PRICE VS LIST PRICE

2017 63 156 230 232 $210,694 96.6%

2018 45 113 185 137 $228,420 95.8%

Closed Sales

0

20

40

60

80

100

Residential Condo/Townhouse

4567 63

95

2017 2018

The Harrelson Group 2018 1st Quarter Market Report

CONWAY

Data Represents January 1st - March 31st for all years as of 04/19/18. Source of data contained is the CCAR Multiple Listing Service. Information is deemed reliable but not guaranteed. Consult your Century 21 The Harrelson Group agent for more information.

2018 Century 21 The Harrelson Group

ALL PROPERTY TYPES 2016 2017 2018 Change

New Listings 596 627 570 -9.1%

Inventory of Homes for Sale 712 634 608 -4.1%

Closed Sales 299 375 360 -4.0%

Median Sales Price $143,675 $148,025 $163,450 10.4%

Average Sales Price $147,617 $157,993 $167,997 6.3%

Avg. Percent of Original List price 97.5% 98% 97.2% -0.8%

Avg. Days on Market Until Sold 155 142 149 4.9%

RESIDENTIAL

-4.56% NO. OF SALES TOTAL LISTED INVENTORY FOR SALE

AVERAGE DAYS ON THE

MARKET

AVERAGE SALE PRICE

SALE PRICE VS LIST PRICE

2017 351 591 603 137 $161,900 98.2%

2018 335 515 570 152 $173,257 97.3%

CONDO/TOWNHOUSE

4.17% NO. OF SALES TOTAL LISTED INVENTORY FOR SALE

AVERAGE DAYS ON THE

MARKET

AVERAGE SALE PRICE

SALE PRICE VS LIST PRICE

2017 24 36 32 204 $101,018 95.4%

2018 25 55 37 95 $97,520 95.7%

Closed Sales

0

100

200

300

400

Residential Condo/Townhouse

25

335

24

351

2017 2018

The Harrelson Group 2018 1st Quarter Market Report

LORIS

Data Represents January 1st - March 31st for all years as of 04/19/18. Source of data contained is the CCAR Multiple Listing Service. Information is deemed reliable but not guaranteed. Consult your Century 21 The Harrelson Group agent for more information.

2018 Century 21 The Harrelson Group

ALL PROPERTY TYPES 2016 2017 2018 Change

New Listings 95 90 78 -13.3%

Inventory of Homes for Sale 99 133 105 -21.1%

Closed Sales 36 51 59 15.7%

Median Sales Price $131,000 $143,750 $148,500 3.3%

Average Sales Price $156,274 $152,744 $156,147 2.2%

Avg. Percent of Original List price 94.3% 97.2% 97.7% 0.5%

Avg. Days on Market Until Sold 181 170 175 2.9%

RESIDENTIAL

15.69% NO. OF SALES TOTAL LISTED INVENTORY FOR SALE

AVERAGE DAYS ON THE

MARKET

AVERAGE SALE PRICE

SALE PRICE VS LIST PRICE

2017 51 90 133 170 $152,744 97.2%

2018 59 78 105 175 $159,147 97.7%

Closed Sales

46

48

50

52

54

56

58

60

Residential

59

51

2017 2018

The Harrelson Group 2018 1st Quarter Market Report

LITTLE RIVER

Data Represents January 1st - March 31st for all years as of 04/19/18. Source of data contained is the CCAR Multiple Listing Service. Information is deemed reliable but not guaranteed. Consult your Century 21 The Harrelson Group agent for more information.

2018 Century 21 The Harrelson Group

ALL PROPERTY TYPES 2016 2017 2018 Change

New Listings 321 354 298 -15.8%

Inventory of Homes for Sale 404 331 312 -5.7%

Closed Sales 153 157 200 27.4%

Median Sales Price $140,000 $159,000 $160,000 0.6%

Average Sales Price $152,830 $168,895 $174,061 3.1%

Avg. Percent of Original List price 95% 96.4% 96.9% 0.5%

Avg. Days on Market Until Sold 147 164 147 -10.4%

RESIDENTIAL

32.29% NO. OF SALES TOTAL LISTED INVENTORY FOR SALE

AVERAGE DAYS ON THE

MARKET

AVERAGE SALE PRICE

SALE PRICE VS LIST PRICE

2017 96 224 204 172 $208,718 97.2%

2018 127 203 236 170 $217,529 97.9%

CONDO/TOWNHOUSE

19.67% NO. OF SALES TOTAL LISTED INVENTORY FOR SALE

AVERAGE DAYS ON THE

MARKET

AVERAGE SALE PRICE

SALE PRICE VS LIST PRICE

2017 61 130 127 150 $106,224 95%

2018 73 95 76 108 $98,440 95.2%

Closed Sales

020406080

100120140

Residential Condo/Townhouse

73

127

61

96

2017 2017

The Harrelson Group 2018 1st Quarter Market Report

LONGS

Data Represents January 1st - March 31st for all years as of 04/19/18. Source of data contained is the CCAR Multiple Listing Service. Information is deemed reliable but not guaranteed. Consult your Century 21 The Harrelson Group agent for more information.

2018 Century 21 The Harrelson Group

ALL PROPERTY TYPES 2016 2017 2018 Change

New Listings 189 218 171 -21.6%

Inventory of Homes for Sale 209 239 193 -19.2%

Closed Sales 97 99 133 34.3%

Median Sales Price $151,465 $149,431 $169,900 13.7%

Average Sales Price $159,051 $167,860 $187,302 11.6%

Avg. Percent of Original List price 97.5% 98.6% 98.4% -0.2%

Avg. Days on Market Until Sold 175 173 163 -5.8%

RESIDENTIAL

31.11% NO. OF SALES TOTAL LISTED INVENTORY FOR SALE

AVERAGE DAYS ON THE

MARKET

AVERAGE SALE PRICE

SALE PRICE VS LIST PRICE

2017 90 206 212 172 $175,933 98.9%

2018 118 140 145 168 $195,618 98.7%

CONDO/TOWNHOUSE

66.67% NO. OF SALES TOTAL LISTED INVENTORY FOR SALE

AVERAGE DAYS ON THE

MARKET

AVERAGE SALE PRICE

SALE PRICE VS LIST PRICE

2017 9 12 26 186 $87,133 94.9%

2018 15 31 49 127 $121,880 96.2%

Closed Sales

020406080

100120140

Residential Condo/Townhouse

15

118

9

90

2017 2018

The Harrelson Group 2018 1st Quarter Market Report

Local Communities

Data Represents January 1st - March 31st for all years as of 04/19/18. Source of data contained is the CCAR Multiple Listing Service. Information is deemed reliable but not guaranteed. Consult your Century 21 The Harrelson Group agent for more information.

2018 Century 21 The Harrelson Group

YEAR Listed Sold

Change Over Prior

YearAverage List Price Sold

Average Sale Price Sold

Sale Price/List Price

Ratio

Average Days on the Market

Until Sold

Barefoot Resort 2017 21 11 - $349,672 $340,875 97.48% 186

Residential 2018 21 14 27.3% $371,453 $361,335 97.28% 215

Barefoot Resort 2017 103 51 - $192,516 $184,271 95.72% 169

Condo/Townhouse 2018 101 46 -9.8% $204,012 $196,765 96.45% 108

Briarcliffe 2017 10 6 - $316,241 $296,462 93.75% 119

Residential 2018 9 4 -33.3% $271,106 $259,750 95.81% 180

Briarcliffe 2017 22 18 - $129,100 $122,347 94.77% 483

Condo/Townhouse 2018 26 14 -22.2% $214,014 $204,642 95.62% 162

Carolina Forest 2017 374 157 - $265,303 $259,678 97.88% 137

Residential 2018 385 206 31.2% $284,234 $279,493 98.33% 143

Carolina Forest 2017 201 119 - $128,723 $125,300 97.34% 140

Condo/Townhouse 2018 164 96 -19.3% $132,067 $128,784 97.51% 96

Cherry Grove 2017 121 49 - $362,272 $344,916 95.21% 187

Residential 2018 90 41 -16.3% $317,832 $300,895 94.67% 189

Cherry Grove 2017 109 50 - $189,926 $180,493 95.03% 150

Condo/Townhouse 2018 94 52 4.0% $197,222 $185,515 94.06% 129

Socastee 2017 92 57 - $156,964 $154,701 98.56% 136

Residential 2018 57 57 0.0% $167,122 $162,408 97.18% 121

Socastee 2017 31 30 - $81,066 $75,466 93.09% 79

Condo/Townhouse 2018 46 28 -6.7% $100,869 $95,558 94.74% 75