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Myrtle Beach Real Estate Podcast with Blake Sloan
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Contenido proporcionado por Blake Sloan. Todo el contenido del podcast, incluidos episodios, gráficos y descripciones de podcast, lo carga y proporciona directamente Blake Sloan o su socio de plataforma de podcast. Si cree que alguien está utilizando su trabajo protegido por derechos de autor sin su permiso, puede seguir el proceso descrito aquí https://es.player.fm/legal.
Sloan Realty Group's Myrtle Beach Real Estate Blog. Find Out The Most Valuable Information From Myrtle Beach's ONLY Certified Real Estate Experts®
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Contenido proporcionado por Blake Sloan. Todo el contenido del podcast, incluidos episodios, gráficos y descripciones de podcast, lo carga y proporciona directamente Blake Sloan o su socio de plataforma de podcast. Si cree que alguien está utilizando su trabajo protegido por derechos de autor sin su permiso, puede seguir el proceso descrito aquí https://es.player.fm/legal.
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Buyers and sellers need to understand what’s happening in our market. “What’s happening in our real estate market?” People ask me this all the time, and I understand why. Things have changed a lot in our area recently, so today, I’ll share the latest numbers with you. Here’s the short version: Single-family home sales are down, but prices are actually up a little bit. Specifically, single-family sales are down 28.1% year over year. In October 2022, we had 477 home sales, while in October 2021, we had 592. As I mentioned, the good news is that prices remain high despite decreasing sales. The median price in October 2022 was $359,577, which is actually 12% higher than it was this time last year. In fact, prices are even up month over month; in September, the median price was $356,000. The average sales price was $454,000 in October 2022, which is also a 12% increase year over year. Why are prices increasing despite decreasing home sales? This phenomenon could be due to our extremely limited supply. Inventory has increased 53% year over year, but that still only leaves us with 2.3 months of supply. This means that if no new homes entered the market, it would take about 2.3 months for all of them to sell at our current pace. For reference, six months of inventory is considered a balanced market, and anything less than that favors sellers. “Typical agents are running scared from this market, but our team is doubling down.” This is one of the main reasons why our market is completely different from 2008: We have yet to reach the amount of inventory we had before the pandemic. The number of new listings hitting our market is down 24% year over year. In fact, there were only 554 new listings in all of Grand Strand in October. 814 in June 2022 was the peak for new listings. While low supply is currently protecting home prices, we aren’t sure how long it will last. A lot of investors are cashing out near the peak of the market while they can. One indicator of a slowing market is that condo sales are down 39% year over year. The condo market is usually affected before single-family homes, so this could indicate where things are heading. Despite this, condo prices also remain high; they were up 19.5% year over year in October 2022. Generally, our market still has high demand. Investors still want to purchase in our area, and people are still moving here from all over the country. To help buyers, our team has had to get a little creative by getting sellers to agree to pay for 2-1 buydowns. This helps buyers lower their interest rates, and we can often negotiate so that there is no upfront cost. Typical agents are running scared from this market, but our team is doubling down. Just take our website, for example. We currently have 69,935 active and registered buyers who trust us to help them purchase a home. We outspend your run-of-the-mill agent 100 to one on marketing, and it pays off. Since we’re made up of a team of specialists, each member has one job they understand inside and out. This way, you get the absolute best in every aspect of your home purchase or sale. You deserve the best, especially in this market. You can click here for a free home valuation and here for a home search in Grand Strand. If you have any questions, don’t hesitate to call us. We are always willing to help.…
Myrtle Beach Real Estate Podcast With Blake Sloan Week Of 11-13-22
Myrtle Beach Real Estate Podcast With Blake Sloan Week Of 11-05-22
Myrtle Beach Real Estate Podcast With Blake Sloan Week Of 10-28-22
An overview of the latest market data and what it means for you. Our latest market numbers are very interesting. The way the marketplace has shifted since the start of the year has been dramatic. Today I want to share some of the latest data with you. Cited below for your convenience are timestamps that will direct you to various points in the video. Feel free to watch the full message or use these timestamps to browse specific topics at your leisure: 0:00 — Introducing today’s topic 0:50 — 41% drop in new properties under contract & 37% drop in volume 1:35 — 25.1% fewer homes sold 1:55 — The median price is up by 7.5% 2:15 — The average price has plateaued, and is only up by 0.5% 2:50 — Buyer demand has decreased by 25%, and supply is up by 46.7% 3:15 — Showings per listing are down by 31.3% 3:25 — Condo sales are down by 23.5%, but inventory is up by 90.9% 4:40 — Over the last five years, prices have risen 71.9% 5:55 — We have 69,578 active buyers looking on our website 6:20 — Wrapping up If you have any questions, don’t hesitate to reach out to me by phone or email. I’d love to help you.…
Myrtle Beach Real Estate Podcast With Blake Sloan Week Of 10-14-22
The latest numbers for our market and what they mean for you. I just finished our weekly radio show, so I have the brand new market numbers out for you, and they’re very interesting. We have seen significant declines across the board, which is what we all expected. Single-family home sales are down 16.3% from this month last year, which is not that bad. We also had 555 sales instead of 658. Prices are still up year over year, which is good. They’re up 7.7% at $350,000, but the bad news is they’re down from the peak, which was in May at $380,000. The average sale price is still up 6.5% year over year at $436,108. That’s also down from the peak this year at $486,984, which is about a $50,000 drop since earlier this year. That has obviously been a big change because interest rates have gone up. Some buyers have just pumped the brakes, but we have seen about an 11% drop in the average sale price so far this year. I do think this is a bit more of a normalization. We talked about that in today’s show. The market is still not even back to where it was before the COVID-19 pandemic in terms of the actual amount of sales and inventory. “The good news is that it’s still a very good time to buy.” Right now, inventory is up 33.3% from the same time last year at two months worth. That’s still a very strong seller’s market. Anything six months or below is a seller’s market. We just had some success stories today where we sold multiple properties with multiple offers. However, you are seeing that competition soften as rates continue to go up. That’s what we want to see. Condo sales are seeing a big decline as well. 522 condos sold this past August versus 699 in August 2021. Condo prices are still up, which is good—they are a bit more resilient. The median price rose year over year by 33.6% to $227,000, but that’s down from the $240,000 peak earlier this year. The average sale price is up 25.2% year over year at $261,315. However, it is also down from the peak at $276,805 Here is the interesting piece: Our supply is up by 58.3%, so we’re seeing a decline in buyers and an increase in supply. That’s why you’re seeing a softening of price. The good news is that it’s still a very good time to buy. This fall market is strong. If you’ve been thinking about selling or even making a lateral move, we have seen a big uptick in overall active properties. We’re at about 834 properties right now, and we were at 840 last week. If you’re thinking about selling, reach out and call us. We’re still seeing those amounts of home sales right now. On today’s show, I shared that we have 69,216 active buyers on my website who are looking for properties here, so we need inventory. We have buyers from all across the country, even international ones, and we’re very good at matching those buyers with sellers. If you ever think about selling, call me at (843) 808-SOLD. Share this with your friends and relatives. You can always go view our radio show on our YouTube channel—just search “Sloan Realty Group.” We are here to serve you and help you make good decisions with real estate. Reach out and call us for anything you need.…
Myrtle Beach Real Estate Podcast With Blake Sloan Week Of 9-10-22
Myrtle Beach Real Estate Podcast With Blake Sloan Week Of 9-4-22
Myrtle Beach Real Estate Show 9-2-22
Here’s what you need to know about the state of our housing market. Big-time changes are happening in our market. If you’re using yesterday’s logic to make decisions today, you could leave a lot of money on the table. In this blog post, I’ll cover everything you need to know about Myrtle Beach’s housing market. Things are slowing down, but can you still secure a great deal? I’ll answer that question and more in your latest market update. Home sales have been declining in our area since March when we had 702. In July, we had 504. I believe this trend is caused by rising interest rates, which started right around March. Despite fewer home sales, prices remain high. The average price for a single-family home is up 13.4% from this time last year at $452,711. Prices peaked this year at $486,984 in March before falling until June. However, prices were up slightly again in July. It seems like the initial shock from higher interest rates is over. The main reason our prices probably remain high is that inventory levels remain extremely low. “It’s still a great time to buy or sell a home, but you need a fantastic agent.” That being said, supply is still up significantly. There are 42.9% more homes on the market now than there were a year ago. We currently have around two months of inventory; last year, we had 0.9. The good news is that a seller’s market is anything below six months of supply, so prices won’t drop dramatically. Instead, they will likely soften. Fortunately, our area is pretty well-insulated from national trends. Myrtle Beach is one of the fastest growing cities in the country, so prices will be protected here. On top of that, I don’t expect the national market to crash. There’s been a massive shortage of homes all across the country since the last crash in 2008. Plus, millennial buyers are heading to the market in droves. If you’re looking to stay in your home for a long time, it’s a fantastic time to purchase a home. The bottom line is that this is a great time to buy or sell a home, but you need a fantastic agent. When the market was hot, your aunt could have sold your house and gotten a decent price. Now, you need a bona fide team of experts if you want the most money possible. Recently, we’ve had sellers coming from other places freaking out that their homes won’t sell. A discount agent or team might have worked a few months ago, but they won’t work now. My team spends tens of thousands of dollars on marketing to get your home in front of as many buyers as possible. Frankly, I enjoy this new market since it gives talented teams such as mine the chance to prove ourselves. The condo side of things looks similar to the single-family side. Sales are down, and inventory is up 72.7% from this time last year. Condos in our area tend to be vacation homes, so this makes sense. Second homes are usually the first things to go when times get tough. Just like with single-family homes, prices are still up 27.6% year over year despite our slowing market. Prices peaked around May at $276,805 before dropping down to our current $258,706. What does this all mean for you? In my opinion, sellers should move fast. Prices remain high, but we don’t know how long they will last. Meanwhile, buyers have more options as inventory increases. There are currently 835 properties for sale in Myrtle Beach, but 12 weeks ago, there were only 382. If you enter the market now, you’ll have less competition for great properties. Meanwhile, rates are lower than they have been recently; some of my clients have received rates in the high 4% range. If you are looking to make a move or have questions about this topic, please call or email my team. We’d love to speak with you.…
Here’s what buyers and sellers need to know about our market shift. What’s happening in our real estate market? Things are changing rapidly, and you need to stay informed, if you want to make smart decisions. Let’s look at the latest numbers from June 2022 and see what they say about our market. The biggest news is that sales are down. Sold homes are down 27.5% year-over-year, but this trend didn’t start in June. Home sales have slowly been ticking down since mid-April. This is likely due to our rising interest rates and slowing demand. Despite sales being down, the median price remains high. We peaked in May at around $380,000, while the median price in June was $375,000. Meanwhile, the average price peaked in April at $486,994, but it was closer to $457,000 in June. This is still a year-over-year increase of 14%, so the news isn’t all bad for sellers. “Sellers need to move fast if they want top dollar. ” Supply is also increasing. We currently have 1.6 months of inventory, which isn’t much, but it’s the most we’ve had in a very long time. Buyers have more options to choose from, and it’s reflected in our data. Showings per listing are down 23% month over month. Condo sales are down 40% from last month. Much like single-family homes, inventory is increasing, but prices remain high. No one knows how long prices will stay this high, so if you’re looking to sell your home or condo, we recommend you move sooner rather than later. Low supply should protect prices somewhat, but no one knows for sure. If you have questions about today’s topic or anything else, please call or email us. We look forward to hearing from you!…
Myrtle Beach Real Estate Show 7-5-22
Myrtle Beach Real Estate Show 6-24-22
Myrtle Beach Real Estate Show 6-14-22
Updating you on the latest market news from the Myrtle Beach area. Today we will take a look at the latest data we have for the Myrtle Beach area and update you on what’s been happening in our real estate market. This month’s market update might be a little shocking because we’ve seen some big shifts. Cited below for your convenience are timestamps that will direct you to various points in the video. Feel free to watch the full message or use these timestamps to browse specific topics at your leisure: 0:00 — Introducing today’s topic 0:20 — Single-family resale homes sold 1:15 — Monthly supply of homes for sale 1:35 — Single-family home prices are up 2:55 — Online buyer traffic is down for single-family homes 3:25 — Pending deals and condo sales are down 4:20 — Condo prices are rising 5:00 — Online traffic and monthly supply is also down for condos 5:35 — Reach out to us for a consultation 6:20 — Properties that went under contract in the past week 8:00 — Wrapping up If you have any questions, don’t hesitate to reach out to us by phone or email. We look forward to helping you with any of your real estate needs.…
Myrtle Beach Real Estate Show 6-6-22
Myrtle Beach Real Estate Show 5-24-22
Now that interest rates are rising, how have they impacted our market? What’s happening in our real estate market? The latest numbers are in, and some of them are surprising. It looks like interest rate hikes are starting to have a major impact on our market. If you’re looking to buy or sell soon, what does this mean for you? You can hear our full explanation in the video above or skip to each topic using the timestamps provided: 0:00 — Introduction 0:44 — The surprising numbers from last month 1:41 — The good news for home sellers 2:53 — The latest condo numbers 4:16 — Our thoughts on the future of the market 5:10 — Check out our free home evaluation tool 6:13 — Wrapping things up If you have any questions about today’s topic, please call or email us. We’d love to guide you through this market.…
Myrtle Beach Real Estate Show 2-22-22
Here are the newest statistics from the Myrtle Beach housing market. What’s going on in the real estate market? Today I have the latest market numbers, and they’re very interesting, to say the least. For example, this is the first time we’ve seen a double-digit decline of home sales. For the entire Grand Strand area, single-family home sales fell by 12.2% over last year, going from 777 sales in 2021 to 682 this year. Why did sales drop? Interest rates have been rising significantly, which has some buyers pulling out of the market. The good news for sellers is that home prices have reached record numbers. The average home price in the Grand Strand rose 28.2% compared to the same month last year, leaving us at $462,594. The median price rose 26.3% to $359,900. The driving force behind these price increases is the fact that inventory is still at an all-time low—not just locally, but across the country. We’re in a super seller’s market, meaning that sellers have the high ground. Inventory fell 23.1% year over year, leaving us at one month of inventory. A healthy market typically has around six months of inventory. Anything below that is a seller’s market, so you can see how much of an advantage today’s sellers have. “Interest rates have been rising significantly, and some buyers are pulling out of the market.” Condo sales also fell by 3.5% year over year, going from 811 sales in March 2021 to 783 this year. However, condo prices have increased by 33.1% to an average of $254,224. The median price rose by 36% to $211,500. Overall, condo inventory is down by a whopping 70% over last year. The one wild card in our housing market is our interest rates. Right now, rates are the highest they’ve been since 2011, having just recently hit 5.08%. If you’ve been thinking about refinancing, you may want to do it quickly, as interest rates are projected to rise more this year. This is important for sellers to know because as rates increase, buyers tend to leave the market out of hesitancy or being priced out. If you’re planning to sell, now is a great time to start the process. The market is in dire need of inventory, and you’re sure to get an excellent sale if your home is in good condition and priced correctly. Most agents wait until they put the for-sale sign in the yard before they start marketing homes; we outspend the average agent 100 to one in marketing. We spend tens of thousands of dollars every month to drive traffic to available homes and match you with a buyer seamlessly. We’ll give you access to the 67,288 active homebuyers we have in our database. If you’d like to learn more about how we help sellers find success or about the real estate market in general, don’t hesitate to give me a call or send me an email. I’d love to help you.…
Here’s what you need to know about our local real estate market. What’s happening in our real estate market? Things are changing every day, so I want to go over the latest numbers and explain what they mean for you. For the first time in a long time, Myrtle Beach sales are down. Last month, single-family home sales decreased by 1.9%. That isn’t anything huge, but it’s something to keep in mind moving forward. Meanwhile, our inventory continues to shrink. Last month, we had 467 home sales compared to 507 from the same month last year. Based on what I’ve seen in new pending deals, I don’t expect this slight downturn to last. “Don’t make the mistake of choosing an agent using the same old tricks.” If you’re a homeowner, the good news is that prices are still through the roof. The median sales price is up 19.5% from this time last year to $340,600. The average sales price is up 12.5% to $412,827. Those numbers are high, but with the proper marketing, your home can sell for even more. Just recently, I helped a guest on my show sell their house for 20% above market value. Supply is down 43.8% from last year. Currently, we only have 0.9 months of inventory, which is a record low. I know tons of buyers who are willing to pay top dollar for a quality home, so if you or anyone you know is looking to sell, now is the time. While the market for single-family homes is slowing down, the condo market is speeding up. Condo sales were up 35.3% from the previous year, and the average sales price is up 31.9% to $236,504. At the same time, condo inventory is down 82.1% from this time last year. Here’s the deal: Don’t make the mistake of choosing an agent using the same old tricks. My team has developed a marketing strategy designed to take advantage of our unique market conditions. If you are interested in getting the most money possible for your home, call or email me. I look forward to hearing from you.…
Myrtle Beach Real Estate Show 2-22-22
Here are the latest numbers for our February real estate market. We have a brand new market update for you today. We just got last month’s numbers in, and they are crazy. Last month, we saw a 7.3% decline in single-family home sales. That comes out to 470 home sales in our area last month compared to 507 sales in January 2021. However, prices are still up. The median home price is up 21.8% at $335,000 last month versus $275,000 last year. The average sales price is also up 14.8%. A lot of homeowners are getting way more for their property than they thought possible, especially if they live in a high-demand area. We saw price appreciation overall in our area, but some micro-markets have seen even larger increases in price. One thing driving this price appreciation is supply. The number of homes for sale is down to an all-time low; supply is down 47.1% at 0.9 months of inventory. There are only 352 homes available in all of Horry County, and it’s really a crisis. On our team, we have 66,777 buyers competing for just 352 homes. It’s challenging for buyers but a great opportunity for homeowners. We’ll probably see an increase in sales this month because January has been incredibly hot. The sales numbers look more like the spring of 2021 than the normal winter market. The condo market is also super hot. Everyone who was looking to buy homes before moved into the condo market because it was more affordable, but that demand has basically wiped out the available inventory for condos as well. “If you’re a seller, now is the time to take action.” Condo sales were up 20.1% last month at 561 sales compared to 467 last year. The median condo price went up to $195,000 last month, which is an increase of 21.9%. The average sales price is up 14.9% at $229,548 compared to $199,725 last year. This is great news for anyone who owns a condo, and we’re seeing a lot of investors cashing out. Again, inventory is the driving force behind this. Condo supply hit a new record low; it is down 80.6% at 0.6 months of inventory. We are seeing hundreds of millions of dollars come into our area from across the country. We’re seeing big hedge funds everywhere right now; one in every five homes sold are bought by them, and a lot of them are buying in our area. One thing to watch out for is interest rates. They jumped big time in only a week, going from 3.71% to 4.02%. That will definitely cause some buyers to pump the brakes. The goal is to buy before rates get too high because your monthly payment goes up significantly alongside them. If you’re a seller, now is the time to take action. Inventory is at an all-time low, and as rates go up, fewer buyers will stay in the market. If you’re planning to sell, don’t rely too much on online evaluations. I guarantee you that my team and I can get you more money for your home than any online evaluation is saying. We have a proven system to drive up prices, so if you want to take advantage of it, call us at 843-808-SOLD or send us an email.…
Today we’ll go over the final numbers from the 2021 real estate market. We just received brand new data to finish off 2021. It was a crazy year for real estate, and we’re still feeling its effects in Q1 of 2022. Today we’ll update you on our market and dive into the data to give you some great information. Feel free to watch the full message or use these timestamps to browse specific topics at your leisure: 0:29 — 2021 single-family house sales and median prices 1:28 — Single-family house inventory levels 2:37 — December sales and median price trends 4:25 — 2021 Condo sales 5:18 — Condo inventory levels 5:56 — Condo median sales price 6:47 — Wrapping up We are getting numbers that we never thought possible for our clients. If you want to know about that, or if you have any questions, don’t hesitate to reach out to us via phone or email. We look forward to hearing from you.…
Myrtle Beach Real Estate Show 12-27-21
Here are the latest numbers for our local real estate market. Today I have the brand-new market numbers for you. They are very interesting, to say the least. We had our first double-digit decline, which is not the news I like to give, but I want to keep you updated on the market. That being said, let’s take a look at all of the data. Feel free to watch the full message above, or skip to topics that interest you using the timestamps provided below for your convenience: 0:28 — Single-family homes last month 1:48 — Supply is protecting price right now 2:17 — Condos are doing well 3:08 — Supply is at an all-time low for condos 3:55 — Call us if you’re thinking about selling 4:32 — We have tons of buyers on our website 5:17 — John and Patricia’s success story 5:57 — Jack and Patricia’s success story 7:02 — Wrapping up Remember, the agent you choose matters. If you are looking to sell or know someone who is, give us a call. We will get your home sold and maximize your equity.…
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