Grand Strand Market Report
According to the Coastal Carolinas Association of Realtors, Grand Strand single-family residential sales activity was down in April but maintains its 3.3 percent growth rate for the year. Condo and residential lot sales are up 4.1
percent and 31.4
percent, respectively, compared to April 2017 levels. Single-family residential sales volume is down 4.3
percent compared to April 2017 but is up 3.3
percent year-to-date. Median sales price is up to $224,900, a 6.1
percent increase from April 2017.
Sales prices for new construction and resales are also up 6.2
percent and 5.4
percent, respectively, when compared to April 2017. The average sold-to-list ratio for Single Family Residential sales in April was 96
percent, flat compared to the same month in 2017.
Condo sales volume is up 4.1
percent compared to April 2017 with year-to-date sales near 2017 levels, down a mere 0.1
percent. The median sales price is up to $130,000, a 7.0
percent increase from April 2017. Condo inventory continued to tighten as inventory is down as compared to prior year levels: down 10.7
percent compared to April 2017. The average sold to list ratio for condo sales in April was 94
percent, up 100 basis points compared to the same month in 2017.