Jane Mikol – Specializing in Pawleys Island Real Estate
Jane Mikol, Sales Executive, ABR, SFR, e-PRO
The Litchfield Company Real Estate
(843) 979-5333 direct
(843) 283-0683 cell
Welcome to your one-stop source for real estate services covering the Pawleys Island, Myrtle Beach, and Murrells Inlet areas. Real estate is one of the most exciting investments one can make, and it should be a fun and rewarding experience. Here you’ll find everything you’ll need to buy or sell a home, as well as learn about the market value of homes you may own in the area. It is my goal to provide you with superior service at all times! Learn More About Me.
Comprehensive Database of Listings
Whether you are searching for a single family home in Pawleys Island, a townhome in Murrells Inlet, or a condo in Myrtle Beach, my comprehensive database of listings is certain to have the perfect home for you. Call today so we can find your dream home!
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Whether you are a first time homebuyer, or a seasoned veteran, looking for land or investing in commercial property, I have all the resources you need to buy real estate in Pawleys Island, Litchfield, DeBordieu, Georgetown, Murrells Inlet, and the surrounding areas. View Buyers Information.
Find out what your home is worth and how I can get help you get top dollar for your home. View Sellers Information.
Local Market Update
Markets across the nation seem to be back on the recovery track after a brief pause. One of the more encouraging aspects of this renewed recovery is that new construction of single-family homes reached six-year highs in August, according to the U.S. Commerce Department. Consumers are also finding more listings in their search results than they have in years. Inventory is rising in many neighborhoods as higher prices have motivated more sellers to list.
New Listings in the Coastal Carolinas region were up 5.3 percent for detached homes and 0.7 percent for condos. Pending Sales increased 39.4 percent for single- family homes and 38.1 percent for condos.
The Median Sales Price was up 1.6 percent to $180,876 for single-family properties but decreased 1.0 percent to $115,950 for condo units. Months Supply of Inventory decreased 8.4 percent for single-family units and 4.8 percent for townhouse-condo units.
The departure of investors from the scene should benefit first-time homebuyers, but student debt and sluggish wage growth have slowed that transition. The economy is growing, but it’s growing at a slower pace than desired. Thankfully, inflation remains tame, partly enabling the Federal Reserve to keep rates low for longer, contrary to the forecasts of most economists.
Specific to the Pawleys Island real estate market, the change in new listings is +62.7% for single family and condos. Change in closed sales is -7.8% and the change in inventory is -0.7%. Median sales prices for single family homes are still down slightly year to date while condo prices remain higher. For more information on Pawleys Island real estate, contact me, your one source for Pawleys Island real estate.
Source: SCRealtors – September, 2014