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2020 MYRTLE BEACH REAL ESTATE
January Market Report
Covering all of Horry and Georgetown counties
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Market Research done by Greg Harrelson
JANUARY 2020 GRAND STRAND MARKET UPDATE
Data Represents January 1st - January 31st for all years as of 2/20/20. 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.
2020 Century 21 The Harrelson Group
JANUARY 2020 GRAND STRAND MARKET REPORT
UP 12.6%
141 AVERAGE
DAYS ON MARKET UP +3.7%
YEAR-TO-DATE PROPERTIES SOLD
1,064 UP +7.7%
For Sale
RESIDENTIAL SOLD YEAR-TO-DATE
670 (+8.2%) CURRENT ACTIVES
3,873 (-3.8%)
AVERAGE SELLING PRICE
$247,784
CONDO/TOWNHOMES SOLD YEAR-TO-DATE
394 (+6.8%) CURRENT ACTIVES
2,469 (-3.4%)
MARKET SNAPSHOT
JANUARY 2020 GRAND STRAND MARKET UPDATE
Our Market - Grand Strand and Surrounding Areas
Data Represents January 1st - January 31st for all years as of 2/20/20. 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.
2020 Century 21 The Harrelson Group
ALL PROPERTY TYPES 2018 2019 2020 Change
New Listings 1,764 2,073 1,957 -5.6%
Inventory of Homes for Sale 6,377 6,583 6,342 -3.7%
Closed Sales 951 988 1,064 7.7%
Median Sales Price $175,000 $189,648 $205,000 8.1%
Average Sales Price $208,239 $219,993 $247,784 12.6%
Avg. Percent of Original List price 96.7% 96.5% 96.5% 0.0%
Avg. Days on Market Until Sold 142 136 141 3.7%
RESIDENTIAL
8.24% NO. OF SALES TOTAL LISTED INVENTORY FOR SALE
AVERAGE DAYS ON THE
MARKET
AVERAGE SALE PRICE
SALE PRICE VS LIST PRICE
2019 619 1,272 4,026 143 $253,949 97%2020 670 1,161 3,873 147 $291,029 97%
CONDO/TOWNHOUSE
6.78% NO. OF SALES TOTAL LISTED INVENTORY FOR SALE
AVERAGE DAYS ON THE
MARKET
AVERAGE SALE PRICE
SALE PRICE VS LIST PRICE
2019 369 802 2,557 124 $163,033 95.7%2020 394 796 2,469 131 $174,356 95.8%
SOLD
JANUARY 2020 GRAND STRAND MARKET UPDATE
HORRY COUNTY SNAPSHOT
Data Represents January 1st - January 31st for all years as of 2/20/20. 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.
2020 Century 21 The Harrelson Group
UP 9.2%
136 AVERAGE
DAYS ON MARKET
SOLD
RESIDENTIAL SOLD YEAR-TO-DATE
555 (+7.4%) CURRENT ACTIVES
3,106 (+0.2%)
AVERAGE SELLING PRICE
$231,355
CONDO/TOWNHOMES SOLD YEAR-TO-DATE
364 (+9.0%) CURRENT ACTIVES
2,202 (-4.9%)
YEAR-TO-DATE PROPERTIES SOLD
919UP 8.0%
JANUARY 2020 GRAND STRAND MARKET UPDATE
GEORGETOWN COUNTY SNAPSHOT
Data Represents January 1st - January 31st for all years as of 2/20/20. 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.
2020 Century 21 The Harrelson Group
UP 31.1%
175 AVERAGE
DAYS ON MARKET
SOLD
RESIDENTIAL SOLD YEAR-TO-DATE
81 (+28.6%) CURRENT ACTIVES
560 (-12.9%)
AVERAGE SELLING PRICE
$414,644
YEAR-TO-DATE PROPERTIES SOLD
105UP 12.9%
CONDO/TOWNHOUSE SOLD YEAR-TO-DATE
24 (-20%) CURRENT ACTIVES
242 (+8.0%)