Marry the House, Date the Rate

We talked about this expression in our quarterly business meeting this past week. While none of use have a crystal ball to know what's to come in the future, we all know for certain that you don't want to miss out on the house that might be "the one." We have seen many price reductions lately and homes are now staying on the market for a couple months. With the latest federal increase, we're seeing current mortgage rates at around 7%. Historically speaking, it’s still a low rate and if rates are to drop back down again you can refinance and drop your monthly mortgage payments. If a low rate is most important there's way to help buy down the rate and you can ask for seller concessions to help. Feel free to reach out and we can talk about it more to see what might work best in your situation!


Thankfully Ian did minimal damage. Here's a photo of a shrimp boat that washed up on shore from it! Some things are for certain though that will never change about Myrtle Beach, the beach isn’t going anywhere, property taxes are low and we have fantastic weather. Click the link at the bottom to see how beautiful it is today after the storm. 
 

Market Update

Horry County Residential:  

  • 746 closed sales with a median list price of $365,000
  • Median days on market is 81
  • The median selling price is $359,014 with homes selling at 98% of asking price

Horry Country Condos/Townhomes:  

  • 421 closed sales with a median list price of $235,000
  • Median days on market is 62
  • The median selling price was $225,000 with condos/townhouses selling at 96% of asking price

Info based on sales from 9/1 - 9/30

Things to do in Myrtle Beach
Little River Shrimp Fest
October 8 - 9 from 9am - pm
Little River Waterfront
Don't miss out on this 17th Annual event! Over 100 vendors to chose from and two stages of live music. Plus free views at the Historic Waterfront!
 
Loris Bog-Off
October 15 
Downtown Loris
If you haven't tried this South Carolina staple, it's a must! You can find many varieties to try of this chicken, rice & sausage dish! The ultimate comfort food.
Myrtle Beach Greek Festival
October 13 - 16
Saint John Greek Orthodox Church
If you like Greek food, then this is the event for you! They have all the traditional Greek dishes and pastries to try while learning about their culture.

Taste of the Town
October 18
Myrtle Beach Convention Center
A locals favorite! This yearly event features many of the Grand Strands best restaurants all in once place. Come hungry and meet all the locals!