Myrtle Beach Blog

Myrtle Beach Real Estate News & Market Trends

You’ll find our Myrtle Beach blog to be a wealth of information, covering everything from local market statistics and condo and home values, to whats happening right now in local community.  We are very involved in our community and want to help you find your place in it. Please reach out if you have any questions at all. We’d love to talk with you!

Jan. 22, 2018

Is Your Second Home Waiting for You in Myrtle Beach?

Buying A Second Home in Myrtle Beach SC

If you've ever had these feelings in the Myrtle Beach area, you are not alone. It's an incredibly popular tourist destination, and it's becoming a more popular living location.

When you get to a certain level of financial means, it's understandable to start thinking about purchasing a vacation home. Myrtle Beach is a second home for many families, which means it could soon enough be yours, too.

Continue reading to learn about all of the things you would need to consider before purchasing a second vacation home in the area of Myrtle Beach, South Carolina.

Importance of Location

It doesn't matter which city throughout the country you choose to live in. The specific local neighborhood will be something for you to consider. Myrtle Beach is no different, and it actually offers a few different areas available for you to purchase a second home.

Questions for you to think about when you do your neighborhood-specific research usually revolve around a few factors.

  • What is the education system like for that district?
  • How safely do the residents of the area live?
  • What does that area offer in terms of music, shopping, arts, sporting events, etc.?
  • Is the property particular expensive in that region?

Research whatever neighborhood characteristics about Myrtle Beach you need to in order to feel comfortable when deciding on a specific area.

Once you know the answer to where you want to move, try out our advanced search option to get an idea of what kind and price of properties are available in that area. This search is customizable to suit your queries about property types, price limits, or even a minimum number of bedrooms. It's perfect for helping you narrow down possibilities for your second home.

Condo or House?

Another part of what you'll want to search for is the type of home when it comes to buying a second home in Myrtle Beach.

The main two options for you to consider are condos and proper houses. Myrtle Beach will have a plethora of both options.

If you are wanting to purchase a low-maintenance location, a condo might be best for you. For a more home-sensitive atmosphere where you live more often than a condo, look at the houses for sale in your preferred neighborhood.

You might be surprised at the availability of property for sale. Because of it, even oceanfront properties can be considered affordable. To offset the costs of your second home even more, you'll always have the option to rent out the space to other families throughout the year when you're not occupying it.

Small-Town Feel

Myrtle Beach, though its popularity has been growing over the past few years as a great place in which to purchase a second home, still maintains a bit of a rustic charm. The population is not that extensive.

Reputable cities with a "small-town feel" come with a friendly community and emphasis on local businesses. If these are values important to you, know that Myrtle Beach is a great location where you can balance the bustle of a city with the steadiness of a small town. Your second home at Myrtle Beach will answer to any societal longing you have.

Even when it's the popular tourist season, one great thing about Myrtle Beach is that it never feels like an overcrowded metropolitan hot spot. Since the population continues to stay lower than in other areas, you can be sure that the small-town feel of the city will stick around for a while.

South Carolina Has a Lot to Offer

Myrtle Beach is right on the coast of South Carolina. Conveniently, it has fairly quick access to other popular destination cities along the Atlantic Coast.

Just south of the border in Georgia, Augusta and Savannah are great destinations for your travels after only a few hours of driving. In the north, you have the entire historical New England at your disposal.

Even in the state of South Carolina itself, make sure you do some proper historical tourism of Charleston. A second home here is in such a desirable location for history buffs or outdoorsmen.

There are also plenty of national parks and outdoor activities that you and your family can enjoy when spending time in the coastal area of South Carolina. It boasts of a lot of national history that you can explore through museums and other historical spots.

Additionally, the state has a wide variety of landscapes that you and your family can take your time to explore. South Carolina is home to coastal regions, mountainous areas, and even marshlands.

Warm Weather

If you are seriously considering purchasing property in Myrtle Beach, odds are that you are interested in the year-round climate of the city.

If you prefer a warm temperature, you're in luck. In this area of South Carolina, you can expect fairly temperate and humid weather patterns.

In fact, there are only a couple months of the year in which you might experience low temperatures (such as below 40 degrees Fahrenheit). For the most part, the weather in the area stays warms and comfortable all year long.

This is due to the temperate ocean climate constantly affecting the atmosphere. Of course, people who want to live in a coastal location are usually pretty aware of the ocean's effect on the place's environment! That means you may experience the occasional beach storm or wind gust, but overall, you're looking at the ideal weather.

Availability of Employment

Myrtle Beach is also a desirable place when it comes to availability of employment. As you are considering buying property at Myrtle Beach, remember that you will have a solid chance of getting a decent job.

That job availability does depend on the industry, though. According to these statisticsfound after a study by the U.S. Department of Housing and Urban Development, most jobs in the Myrtle Beach area fall under the category of tourism.

That means that the industries of hospitality and retail have the strong influence in the city of your second home at Myrtle Beach. Industries like manufacturing or production are less developed, so keep that data in mind as you search for your next coastal workplace.

Low Cost of Living

Even if you don't plan on trying to build an entire career at Myrtle Beach, the cost of living is still low enough to be affordable in the area. In fact, compared to the rest of the United States, the cost of living in Myrtle Beach is 8% lower than in other cities.

This is great, especially for families new to the area. Give yourself some time to get adjusted after moving to your second home here. You deserve to properly acclimate yourself to the area before stressing over finances.

That low cost of living will cushion you as you learn what it's like to live as a more permanent resident of Myrtle Beach. As you're looking for properties to purchase, you'll be particularly happy to know that the prices of homes in the area are also low compared to other vacation destinations in the country.

If you are determined to move to Myrtle Beach on a budget, consider purchasing foreclosed home. You can use our extensive database to search for foreclosures here.

Who Doesn't Want a Second Home Right on the Beach?

Perhaps one of the most significant reasons to consider Myrtle Beach for your second home is in the name itself -- it has a beach! This is likely a selling point that got you started on the possibility of property in Myrtle Beach in the first place.

After putting down roots in the area, it will be up to you and your family to truly immerse yourself in the culture and lifestyle that Myrtle Beach has to offer.

Even after reading this article, it's probable that you still have several questions.

We know how important it is to learn everything you can about an area before purchasing a second home for your vacation time. We encourage you to read through some other informative articles on our website. Also, please feel free to reach out to us at any time with questions.

You can learn more about our company here.

Posted in Market Updates
Jan. 8, 2018

10 Reasons Why Myrtle Beach Condos Make For a Great Retirement

Are you thinking about kicking off your shoes and enjoying retirement in a beach community?

If so, you may be overwhelmed with choosing which city to choose. Maybe you're thinking about Myrtle Beach or maybe it hasn't crossed your mind.

From low housing costs, tax benefits, and outstanding beaches, Myrtle Beach has a lot to offer retirees.

Here are the top ten reasons why you should look into Myrtle Beach condos as your new home.

1. Low Costs

The composite index for the cost of living in Myrtle Beach is among the lowest of U.S. cities. The sales tax is only 6% and property taxes are low.

Myrtle Beach homes are surprisingly affordable, especially when compared to other beach communities.

The current median home price is $123,900. You can find Myrtle Beach condos for under $100,000 or rent an apartment for an average monthly price of $669.

With the South Carolina Homestead Exemption, homeowners over 65 do not have to pay taxes on the first $50,000 of their legal residence. That adds up to a lot of savings.

South Carolina has additional tax benefits for its retired residents.

The state does not tax social security income or railroad retirement income. This means getting more of YOUR money in YOUR pocket.

South Carolina also allows annual tax deductions from $3,000 to $15,000 for retirees and senior citizens.

Plus, there are no intangible taxes to worry about. Intangible taxes are annual state taxes on current market values of properties and securities.

myrtle beach retirement condos

2. 55+ Communities

It's time to kick back, relax, and reap the rewards of all those years of hard work.

Noone will blame you if you want to enjoy retirement in a peaceful and quiet community among people your own age.

Myrtle Beach has a multitude of age-restricted communities for people like you. They offer more than just peace and quiet.

They come with amenities such as pools, recreational activities and groups, get-togethers, clubhouses, libraries, restaurants, bars, and more. Some retirement communities also have handy services such as maintenance, housekeeping, and health care services.

Whatever your hobbies may be, you're likely to find Myrtle Beach condos in a 55+ community that has something to fulfill your interest.

Another great thing about Myrtle Beach age-restricted communities is their affordability. For example, you can find a home in Myrtle Beach Golf and Yacht Club within the $100s.

3. Top-Notch Health Care

Myrtle Beach is home to award-winning and globally recognized medical centers and physicians. They are also known for using the most advanced technologies and treatments available.

There are three large healthcare and hospital systems in Myrtle Beach, so your options will never be limited. They are spread out so that, if needed, you can find Myrtle Beach condos near a health facility.

Grand Strand Regional Medical Center, Georgetown Hospital system, and Loris Healthcare system all use satellite facilities, 24-hour emergency services, and offer specialty care.

Grand Strand is among the top 5% of U.S. hospitals and ranked number one in South Carolina for heart surgery. It is also a teaching facility where some of the best doctors teach and train prestigious graduate students.

Georgetown's Waccamaw Community Hospital has received awards for its innovated programs and business.

4. Weather

This one is a no-brainer. Many retirees choose Myrtle Beach for its temperate climate and for good reason.

The average temperature in Myrtle Beach is 74 degrees Fahrenheit. It rarely gets below 40 degrees or over 90 degrees Fahrenheit. This is why Myrtle Beach is ranked as one of the most comfortable climates in the U.S.

The 218 average days of sunshine per year make Myrtle Beach the perfect place to relax and enjoy oneself.

The temperate weather also allows for comfortable outdoor activities all year round. Yep. That's right. Golf, shuffleboard, bike riding, whatever your passion, you can probably do it all year.

The absence of cold weather also helps to prevent aching joints and allergies.

With weather like this, you'll never want to stay inside Myrtle Beach condos for long.

5. Beaches

Myrtle Beach is part of the Grand Strand-- a world ranked 60 mile stretch of Atlantic beaches.

It is home to many different beaches that offer gorgeous views, excellent fishing and crabbing, nature watching, and family activities.

South Carolina beaches have their own unique charm. They feature grassy plants, lighthouses, piers, and beautiful light sand.

With shopping and eateries nearby, both locals and tourists love Myrtle beaches. Garden City Beach and Surfside Beach are popular choices for a quiet and peaceful spot.

Then there is Myrtle Beach, 2nd Ave Pier, the boardwalk, and South Myrtle Beach where you'll find more people, activities, and excitement.

Many beaches are connected to rivers and channels making them perfect for boating and fishing.

The best part-- you can find Myrtle Beach condos right on the beach if you desire. You'd never have to miss a beach sunset.

6. Outdoor Activities

The warm climate, sunshine, beaches, and communities allow the perfect place for outdoor activities.

There are more than 100 golf courses in the Myrtle Beach area. Some of which are designed for and played by professional golfers. Whether you're a skilled golfer or just picking it up, there is a course in Myrtle Beach for you.

Many of the courses also offer memberships that come with special rates, benefits, and social activities.

Other outdoor activities you can find at large in Myrtle Beach include boating, fishing, shuffleboard, horseshoes, biking, tennis, walking, and more.

There is something for everyone; even if your favorite activity is sitting on patios of Myrtle Beach condos with a drink in your hand.

7. Shopping and Dining

Myrtle Beach is the perfect place for those who love to shop and those who love to eat.

There are tons and tons of shopping venues from local boutiques to large chains. Many are in walking vicinity of each other. You can make a whole day out of walking around Myrtle Beach shops.

Myrtle Beach is also home to some renowned dining options. From home-cooked southern meals to ethnic 5-star cuisine, the Myrtle Beach restaurant scene has something for every appetite.

Of course, you can't forget about the seafood. Myrtle Beach is a seafood lovers paradise.

Find Myrtle Beach condos next to your favorite restaurants and you never have to argue about what's for dinner.

8. Community

The community is important to Myrtle Beach residents. There are lots of community organizations and ways to get involved.

Myrtle Beach has various religious groups, more than 50 art organizations, professional associations, volunteer groups, recreational groups, and more.

There is also an emphasis on inclusion in Myrtle Beach, which is likely due to the southern hospitality and friendliness of the area.

It is likely that there will be some sort of community group in your Myrtle Beach Condos complex.

9. Southern Charm

Southern hospitality is actually a real thing (I have experienced it myself). There is no better place to retire than someplace where people are friendly and caring.

That is one reason why Myrtle Beach makes a great retirement location.

The people are simply nice and they will make living there even nicer.

South Carolina and Myrtle Beach also have a unique cultural charm.

The historical elements, such as the old buildings, colonial style homes, and carriage rides, give the city character and southern charm.

The amusement park brings you back to local childhood fairs and festivals. The culture of Myrtle Beach and the coast of South Carolina is also something you won't find anywhere else in the U.S.

A mix of salt life and southern flair makes Myrtle Beach unique indeed.

People from all over the world live and visit this city, making Myrtle Beach a place that never gets boring.

10. Employment

Where there's tourism there are job opportunities.

Whether you start to miss working or you want to supplement your retirement income, Myrtle Beach has many employment opportunities.

There are consistent professional positions and part-time jobs available in Myrtle Beach. You can also find them in almost any industry.

Even if you just want to volunteer your time, there are options for that too.

Search Myrtle Beach Condos Today

Retirement is an exciting time to reap the rewards of all your hard work and spend more time enjoying life and loved ones.

Myrtle Beach offers the perfect and affordable place to do just that.

Start your search for the perfect Myrtle Beach condos today.

Our online advanced search option allows you to find exactly what you're looking for in a condo. You can choose everything from the neighborhood, subdivision, size, construction year, and more.

You can also stay up to date with our market reports.

Contact us today to speak with our licensed agents. They're ready to help you find your new forever home. 

843-839-9870

Posted in Market Updates
July 31, 2017

Curious About Local Real Estate?

Receive the Latest Local Market Stats

Curious about local Myrtle Beach SC real estate? So are we! Every month we review trends in our real estate market and consider the number of homes on the market in each price tier, the amount of time particular homes have been listed for sale, specific neighborhood trends, the median price and square footage of each home sold and so much more. We’d love to invite you to do the same!

Get Local Market Reports Sent Directly to You

You can sign up here to receive your own market report, delivered as often as you like! It contains current information on pending, active and just sold properties so you can see actual homes in your neighborhood. You can review your area on a larger scale, as well, by refining your search to include properties across the city or county. As you notice price and size trends, please contact us for clarification or to have any questions answered.

We can definitely fill you in on details that are not listed on the report and help you determine the best home for you. If you are wondering if now is the time to sell, please try out our INSTANT home value tool. You’ll get an estimate on the value of your property in today’s market. Either way, we hope to hear from you soon as you get to know our neighborhoods and local real estate market better.

Posted in Market Updates