Myrtle Beach Real Estate Market Report for July 2013

Good news for the Grand Strand Real Estate Market

In July, Single Family Residential Sales were up 12.5% compared to 2012; year to date, SFR sales are up 20.1% from 2012. In addition to these strong sales numbers, prices are up as well, the median sales price was $177,836 up 4.94% over last July and 4.77% year to date.  Inventories of homes for sale continued to decline, but are still up 4.45% from last year, but the good news for sellers is the distressed inventory (houses in foreclosure) is down 32.6% below last year—taking some downward pressure off prices.

Condos sales are up 17% compared to last July and 7.6% year to date. The median condo sale price is $110,000, up 16.4% over last July and up 2.6% year to date.  Condo inventory is down 8.43% and the distressed inventory down a whopping 43.7%.

What do all these numbers mean to the average seller or buyer?  For sellers, it’s looking better and if you’ve priced your house with the market, stick with your price.  For buyers, it’s no longer the time to make unrealistically low offers as sellers are seeing multiple offers for well-priced homes.

This data is based on research by Site Tech Systems; read their full report at: 

http://www.sitetechsystems.com/Grand_Strand_Market_Report.pdf

Don't Strip the Neck!

This sums up the highway proposal....

A citizens' coalition has formed to force public dialogue on the proposals to modify the median of Highway 17 in the Pawley's Island business district.  In short, the plan calls for 1.8 miles of a raised median with 17 breaks for U turns--this is going to make traffic better?  You got to be kidding me!

Details:

• The current revised plan is NOT a highway beautification project and will have NO landscaping.
• An unattractive 4-5 foot wide concrete median will appear in much of the 1.8 mile project.
• Seventeen (17) U-Turns will replace ALL left turns – requiring vehicles to cross over two lanes of oncoming traffic to get to the U-Turn lane on the opposite side of the highway and then vehicles must merge back into traffic with NO acceleration lanes.
• Access to major connector streets will be limited – streets such as Professional Land, Tiller Drive, Parkersville Road and Archer Road.
• Emergency vehicles and large trucks WILL NOT be able to make most U-Turns. Many heavy trucks will be forced to go through Petigu & Martin Luther King Road residential areas.
• The project will have MAJOR ECONOMIC IMPACT on landowners and businesses.
• Most businesses cannot be accessed from the opposite side of Highway 17.
• This project will lead to more strip development.

Two upcoming meetings: 

County Council -- June 11 at  5:30PM at the Old Courthouse, Georgetown,

HWY 17 Project Information Meeting -- June 20 at 7PM at Waccamaw High School Auditorium, Pawley's Island

For more information:  www.dontstriptheneck.org

Flay Day, Georgetown

There will be a Retirement of Flag Service at Morgan Park in Georgetown on Flay Day, June 14, sponsored by the DAR, Daughters of the American Revolution.  Used Flags, no longer suitable of use, can be dropped off at the Georgetown County Chamber of Commerce on Front Street.  The Ceremony is at 10 AM.