The off season in Myrtle Beach is one of the better times to buy a new or vacation home in the area. The Grand Strand’s off season begins in October and lasts until late February to mid-March. During this time of year, we typically begin to see a shift in the market with an increase in the number of transactions and a small boost in value.
The shift in the market is a great opportunity for an educated buyer due to the increased inventory and decreased demand. In addition, home owners are usually more driven than they are during the spring and summer months. A record number of homes are currently being sold in the area and that should continue throughout the third quarter.
Buyers should be prepared to act quickly when a property arrives on the market with a fair price point.
The average listing price for homes in Myrtle Beach is $220,886.
The average cost per square foot is around $102.
There are 4,750 resale and new homes available in Myrtle Beach, as well as 743 homes in the pre-foreclosure, auction, or bank-owned stage of the foreclosure process.