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Myrtle Beach Real Estate for Sale - Myrtle Beach Real Estate Analysis

Myrtle Beach Real Estate
General Market Analysis

The Willis Journal for the Years 2003, 2004, 2005, 2006

After we released the YTD 10/31/2006 compared to 2005 numbers, we had a number of people to ask about the prior years. We have completed an analysis of those years and it is completed for you below.

LAND
 
Units Sold
Average Price
% of Asking Price
Days on MLS
2003
1,170
$ 109,200
91%
219
2004
1,631
$ 141,886
92%
202
2005
2,531
$ 161,777
95%
180
10/31/06
2,020
$ 173,362
98%
156

RESIDENTIAL
 
Units Sold
Average Price
% of Asking Price
Days on MLS
2003
3,979
$ 187,623
95%
113
2004
5,001 
$ 212,515
96%
101
2005
6,239
$ 254,003
97%
112
10/31/06
4,963
$ 271,941
98%
143

CONDOMINIUMS
 
Units Sold
Average Price
% of Asking Price
Days on MLS
2003
4,347
$ 130,823
97%
128
2004
6,464
$ 149,851
98%
98
2005
9,361
$ 192,705 
98%
60
10/31/06
5,472
  $ 220,920
98%
198

OCEANFRONT CONDOS
 
Units Sold
Average Price
% of Asking Price
Days on MLS
2003
1,417 
$ 186,751
97%
137
2004
1,722
$ 219,875
98%
81
2005
2,608
$ 276,804 
98%
58
10/31/06
1,441
$ 296,061
97%
223

This is the information as provided in our MLS for Horry County, as you can see the numbers are pretty impressive and show a continued trend in purchases of Real Estate in the Myrtle Beach market as well as a great increase in property values.

The Willis Journal is a real estate sales analysis journal for Myrtle Beach real estate. The Willis Team Professionals have created this information to help our viewers to better understand what is currently going on in the real estate market. You will see that we also have created an analysis for some communities within the Myrtle Beach, South Carolina and will soon be adding more real estate sales analysis.

 

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