Real Estate Market Update for Myrtle Beach, SC

Video: Real Estate Community Tour for Myrtle Beach, SC

See Real estate community tour for Myrtle Beach, SC The Myrtle Beach area is situated on 60 miles of beautiful beaches in South Carolina. This coastal community offers cozy oceanfront homes and condos with access to a wide variety of recreational activities! Spend the day playing a relaxing round of golf at one of the many championship courses in the area. Or take a walk down the exciting Boardwalk and ride the famous Myrtle Beach SkyWheel! Watersports like boating, fishing, and windsurfing are especially popular. Myrtle Beach is also home to hundreds of restaurants, from classic to exotic. And the warm climate means you can enjoy al fresco dining almost all year round. With so much to do, you'll never be bored in family-friendly Myrtle Beach. Tour the many attractive homes available throughout the area on Century21.com and imagine making your home in this dynamic ocean community.
Welcome to June's Market Update. Let’s take a look at residential real-estate activity in your area during the month of May. The number of active listings was down 15% from one year earlier, and down 7% from the previous month. This smaller inventory means that buyers who waited to buy may have had a smaller selection to choose from. As you can see, the median listing price for the month was just under 190-thousand dollars. Compared to last year, the average number of days units spent on the market before being sold was down 7%. This lower number of days may signal a positive trend in the local inventory-turnover rate. The median sale price was just over 150-thousand dollars. The number of units sold decreased 12% year-over-year, and increased 6% month-over-month. Despite a slight annual decrease, this upward monthly sales trend indicates positive momentum. Thanks for watching. We hope you use this information to make smart, informed decisions in your upcoming real-estate transactions. Feel free to contact us for more information or further assistance.
The Myrtle Beach area is situated on 60 miles of beautiful beaches in South Carolina. This coastal community offers cozy oceanfront homes and condos with access to a wide variety of recreational activities! Spend the day playing a relaxing round of golf at one of the many championship courses in the area. Or take a walk down the exciting Boardwalk and ride the famous Myrtle Beach SkyWheel! Watersports like boating, fishing, and windsurfing are especially popular. Myrtle Beach is also home to hundreds of restaurants, from classic to exotic. And the warm climate means you can enjoy al fresco dining almost all year round. With so much to do, you'll never be bored in family-friendly Myrtle Beach. Tour the many attractive homes available throughout the area on Century21.com and imagine making your home in this dynamic ocean community.
Show Transcript
Map Information for Myrtle Beach, SC
Area Information for Myrtle Beach, SC
  • Population: 31,126
  • Median Age: 39.96 yr
  • Median Commute Time: 17 mins
  • Educational Climate*: 4
  • Sales Tax: 8%
  • Population Density: 1,332/sq mi
  • Population Change Since 2000: 29.63%
  • Closest Airport: Myrtle Beach International
  • Closest College: Coastal Carolina University
  • Closest Jr. College: Horry-georgetown Technical Clg-conway
  • Median Household Income: $38,116
  • Annual Residential Turnover: 15%
  • Median Home Sales Price: $104,500
  • Closest Major Sports Team: Myrtle Beach Pelicans (a)
  • Change Avg. Household Income Since 2000: 18.52%
* Scale from 1-5  ** Index where 100 is the national average
Demographic Data for Myrtle Beach, SC
Median Age: 39.96 Married: 36% Number of Households: 14,021 Households with Children: 3,210
Community:
    • Occupancy Types
      • 3599 Vacant
      • 8822 Owned
      • 12512 Rented
    • Transportation to Work
      • 43% Drive
      • 47% Public Transportation
      • 8% Walk / Bike / Other
      • 8% Work at Home
    National Index Comparisons:
    (100 National Average)
      • Population By Sex(%)
        • 50% Male
        • 50% Female
      • White/Blue Collar Jobs
        • 50% White Collar
        • 50% Blue Collar
      School Data for Myrtle Beach, SC

      School Name Distance Type Grades School Rating Parent Rating
      Bridgewater Academy Charter 2.0 mi Public K-8 3 0
      Palmetto Academy Of Learning And Success Charter 2.5 mi Public K-8 5 0
      Chabad Academy 2.7 mi Private PRESCHOOL-10 0 0
      Myrtle Beach Primary School 2.8 mi Public PRESCHOOL-1 0 0
      Myrtle Beach High School 3.0 mi Public 9-12 4 3
      Myrtle Beach Elementary School 3.0 mi Public 2-3 4 0
      Myrtle Beach Intermediate School 3.0 mi Public 4-5 0 0
      Myrtle Beach Middle School 3.1 mi Public 6-8 3 0
      St Andrew Catholic School 3.3 mi Catholic K-8 0 0
      Christian Academy 3.5 mi Private K-12 0 0
      Hostel Leadership Academy 3.7 mi Public 9-12 0 0
      Lakewood Elementary School 3.7 mi Public PRESCHOOL-5 5 0
      River Oaks Elementary School 3.7 mi Public PRESCHOOL-5 4 0
      Forestbrook Elementary School 4.5 mi Public PRESCHOOL-5 4 0
      Forestbrook Middle School 4.8 mi Public 6-8 4 0
      Palmetto Academy Of Motorsports (palm) 4.8 mi Public 9-12 0 0
      Myrtle Beach Sda Christian School 5.0 mi Private 1-8 0 0
      Socastee High School 5.2 mi Public 9-12 4 4
      Socastee Elementary School 5.2 mi Public PRESCHOOL-5 3 0
      Calvary Christian School 5.3 mi Private PRESCHOOL-12 0 0
      Carolina Forest Elementary School 5.7 mi Public PRESCHOOL-5 5 3
      First Baptist Weeschool 5.9 mi Private PRESCHOOL-K 0 0
      Ocean Bay Middle School 5.9 mi Public 6-8 4 0
      Ocean Bay Elementary School 6.0 mi Public K-5 5 0
      Academy For Arts/science/technology 6.6 mi Public 9-12 0 0
      Burgess Elementary School 7.0 mi Public PRESCHOOL-5 4 0
      Carolina Forest High School 7.1 mi Public 9-12 4 3
      Learning Tree (the) 7.2 mi Private PRESCHOOL-PRESCHOOL 0 0
      Palmetto Bays Elementary School 7.4 mi Public PRESCHOOL-5 3 0
      St. James Elementary School 8.6 mi Public PRESCHOOL-5 4 0
      St. James Middle School 8.8 mi Public 6-8 4 0
      Risen Christ Lutheran School 11.8 mi Private PRESCHOOL-11 0 0
      Proximity to listed schools and their school district(s) does not guarantee enrollment eligibility. Please contact a local real estate professional or the local school district(s) for the most current information relating to schools in the area. Sources: Onboard Informatics © 2016. School Performance data by SchoolDigger.com. School Review data by Niche.com.
      Local Weather for Myrtle Beach, SC
        Community information and market data Powered by Onboard Informatics. Copyright ©2016 Onboard Informatics. Information is deemed reliable but not guaranteed. * Based on a 30-year fixed rate of 4.75% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.