Myrtle Beach Real Estate Blog

June 23, 2018

Should a Home Buyer Buy New or Old?

The preconception is that new homes cost more than older homes, but that's not necessarily true across the board anymore. As the price of land increases, the average size of new home lots is shrinking. Consider California, where neighbors can practically crawl from their living room window into the window of the home next door. 

Urban buyers will find on average, larger lot sizes which make the older homes cost more than the entry-level new homes being developed in the suburbs on the outskirts of the city. 

Consider these pros and cons when deciding between a new home and old home. 

- New Homes Are Built To Be Low Maintenance
New homeowners are not likely to install a new roof or replace the water heater. The electronics wiring should be solid and the plumbing isn't going to need to be replaced. New homes are built according to the most recent construction codes and shouldn't need to much repair and maintenance. At least not for 10 - 20 years. 

- Older Homes Typically Have A Larger Yard
Land was cheaper 'back-in-the-day' and for that reason, older homes typically have considerably larger yards than new construction. 

- Older Homes Have More Character
Whether its a Craftsman Bungalow, Mid-Century Ranch, Greek Revival, Colonial or Victorian - hand carved character and interesting architectural features are present that a lot of new construction lacks.

- New homes are bigger on average
'Bigger is better.' It's typical to see an urban two bedroom home with 1,000 square feet sell for the or more as a two-story, 2,500 square foot home in the suburbs. When builders can't build out they build up. 

- Older Established Neighborhood
Zoning Changes are rare, the neighborhood may be deemed historic and a lot of your neighbors may have been living in those homes for generations. The trees are often older and provide a nice shaded canopy for the yard and walkways. 

- Old Homes Require More Maintenance
Floors may slope, chimneys and stone foundations require tuckpointing. If the home was built before sewer systems, the cesspool might overflow into a sewer. Those old tree roots may break up sewer pipes. It's expensive to replace the wiring and plumbing in old homes.

- New Homes Usually Mean Longer Commutes Downtown
There's typically not a lot of prime land for suburb development downtown, which means if you want something new you probably have to look on the outskirts of the city. This can be nice if you like knowing you're away from the chaos of downtown but if you need to commute an hour into town every day for work - this is a drawback worth considering heavily.

- Old Homes Have Small Closets and you may have a carriage house instead of a garage. 
People didn't have wardrobes like we have today, there often wasn't a need for a walk-in closet or two car garage. Victorian homes may have a carriage house instead of a garage. And with the exception of estates, older homes typically have less square footage than new construction. 



You can check out the homes we offer by clicking the links below.

---> New Homes for sale in Myrtle Beach area.
---> Older Homes for Sale in Myrtle Beach area. 

Posted in Buyers
June 20, 2018

Top Golf Myrtle Beach

Image result for top golf


In case you haven't heard, the Dave & Busters of golf is coming to Myrtle Beach. Top Golf - Myrtle Beach is in the works!

There are 3.2 million rounds of golf played annually in Myrtle Beach according to Chris King, a spokesman for Myrtle Beach Golf Tourism Solutions. Though, with articles such as "How Golf Lost the Millennials" and "Millennials Ditching Golf because it's too hard and boring" arcade-style golf games such as Top Golf can breathe new life into the sport's future. 

Top Golf will be located at 630 Grissom Parkway Trail in Myrtle Beach and although they have not given an official opening date yet (they're expected to open early 2019), you can sign up on their website for updates, special offers, and mobile alerts. The Myrtle Beach Top Golf course will have 72 hitting bays which is scaled down from the company's typical 102 hitting bays, along with full-service restaurant & bars, private event spaces & meeting rooms, rooftop terrace with fire pit,  hundreds of HDTV's and free wi-fi.


"It can be another part of the Myrtle Beach golf experience. People don't necessarily play golf after dark, so I think it’ll be an extension of the experience here." - Chris King

The average age of patrons at Top Golf range 18 to 34 plus the company's research shows that new players who go to Topgolf often start learning and playing the traditional form of the game as well. 

Myrtle Beach is one of the Golf Capitals of the world and the entire Grand Strand reflects that. Thousands of people from all over the nation move here to live in Golf Communities like Dunes Club and Plantation Point.

"Anything that puts a golf club in someone's hand is good for golf and golf courses everywhere, There are some symbiotic opportunities between a Topgolf facility and the existing green grass courses." - Jay Karen, Chief Executive Officer of the National Golf Course Owners Association

Image result for top golfImages from TopGolf.com

June 14, 2018

Brookgreen Summer Lights Festival Is Here!


Brookgreen Gardens is hosting their first Summer Lights Festival this year running Wednesday - Saturday nights every week until August 19th. The Silk lantern sculptures are created in the style of traditional Chinese Lantern festivals and are encompassing both fantasy and native wildlife themes.

Tickets are $20.00 for adults, $15.00 for children and free for children under 3. 

TICKETS MUST BE PURCHASED BEFORE ARRIVAL!
Click here for tickets.

"WHERE: 
Lowcountry Zoo
For 2018, we are lighting up your summer nights! The Brookgreen Summer Lights Festival launches on May 24 and runs Wednesday - Saturdays nights through August 19.  During the Festival, Brookgreen will close at 5:00 pm. and gates will re-open at 6:30 pm. 

Festival hours are 7:00 pm - 10:00 pm. 

Created by Chinese Craftsmen in the tradition of famous Chinese Lantern Festivals, this exhibit will inhabit our Lowcountry Zoo with larger-than-life, illuminated silk lantern sculptures in a variety of native animals, insects and plants. The festival will also include activities, music, Chinese paper crafts, Chinese horoscopes and more. Local food truck vendors will be on hand with a variety of dinner and snack options.  Dinner, snacks, refreshments and adult beverages available for purchase during the festival."



Images from Brookgreen.org
June 13, 2018

Pawleys Island - One of Southern Livings Best "Small Towns in the South for Retirement"

 

Pawleys Island, SC

Pawleys Island, SC


At the very southern tip of the Grand Strand lies the 4-mile barrier island of Pawleys Island. Recently named by Southern Living magazine as one of the "Best Small Towns in the South for Retirement," Pawleys Island is known for its beautiful beaches, Waccamaw River/Intracoastal Waterway access, gorgeous golf courses, fine dining options, Huntington Beach State Park, Brookgreen Gardens, locally
Related imagemade hammocks to while away the afternoon, and a determination to preserve the laid back, Low Country lifestyle. As Southern Living stated, Pawleys Island is "made for lazy crabbing and Pat Conroy novels."  From "arrogantly shabby" beach houses to traditional neighborhoods and golf course villas, Pawleys Island offers plenty of options for home buyers.

View Homes for Sale in North Litchfield Beach and Litchfield Beach



View Condos for Sale in North Litchfield Beach and Litchfield Beach



View Pawleys Island Beach Homes for Sale



View Pawleys Island River Homes for Sale




View Pawleys Island Golf Villas for Sale



View Pawleys Island New Construction Homes for Sale




June 8, 2018

How much income do you need to buy a house?

The good news is that the Real Estate market has recovered back to pre-recession levels! Even better is that South Carolina remains one of the most affordable places to own a home along the Atlantic coast!

The graphic below contains the average home price for every state which was plugged into a mortgage calculator to find the average monthly payments. This graphic assumes that the buyer can afford a 10% down payment. Financial advisers recommend that you spend no more than 30% of your income on housing - which was also taken into account for these averages. The graphic below shows data as of 2018. 



The Midwest and East Coast are on average much cheaper than the Southwest and West Coast, with South Carolina being the most affordable state along the Atlantic Coast. Myrtle Beach has a median sales price of roughly $170,000 with an average income of $37,000. When you consider all of the benefits of living in our coastal community with easy access to incredible restaurants, entertainment, boating, fishing and so much more, Myrtle Beach is a great bargain! 

Click here for Myrtle Beach and other Grand Strand Pricing Reports. 

Posted in Buyers
June 6, 2018

4 Quick Reasons Summer Is The Best Time To Buy Real Estate

 

1. Quantity/Availability of Homes for Sale 

According to the National Association of Realtors, summer is definitely the busiest season for real estate.

"Throughout the second quarter of the year, existing home sales continue to increase with an average month-over-month growth rate of 10% each month until June.  As a result, the four heaviest home-selling months May, June, July, and August account for 40% of an average year’s total home-selling volume." Prices are on average a little bit higher during May and June, but there’s a much-much bigger variety of homes on the market. Would you rather choose between two ice cream flavors or thirty-one?


2. School is Out

Sellers with kids are going to be more motivated to close the deal before the summer ends. Plus if you have kids yourself, it’s much easier to plan a week to scout out neighborhoods and potential homes in the area you’re moving to. Also, it may make the move easier for your kids if they get to take part in the showings and house hunt and share the excitement of looking for a new house with their parents. Our motto at BRG is "Family First" and we're always happy to talk with you about any concerns you may have.

3. Lay of the Land

Everybody heads outside during the summer - kids are out playing, people are enjoying the warm weather and the neighborhood comes more alive than ever. This can be great for scoping out your potential home and getting a feeling for the atmosphere of the community.

4. End of Summer Discounts

As the summer starts to wrap up and kids are getting ready to go back to school, the average housing prices begin to drop. Families want to get their home sold and relocated before the school year starts - for obvious reasons and the winter isn’t a great time to sell your home due to the lack of buyers. This is a great time for a good deal, especially if you're a cash buyer!


If you're fortunate enough to be looking for homes in Myrtle Beach this summer, try checking out some of these areas before hitting the beach! The experts at Beach Realty Group are knowledgeable about all of the distinct areas that make up The Grand Strand.

 

 

 

 

 

Oct. 30, 2016

Tee It Up for Outdoor Fun at One of Myrtle Beach’s Popular Golfing Communities

If you’re a golfing enthusiast, you enjoy challenging your skills and talents at different courses throughout the Myrtle Beach area. The ocean breezes, the warm sunshine, and the well-maintained greens and fairways combine to make our area one of the top golf destinations in the country. With friendly employees, outstanding Pro-Shops, and inviting restaurants and pubs located at each course, you can easily meet friends and co-workers for a round or two each week. Let’s review some of the tops courses in the Popular Golf Communities of Myrtle Beach

Grande Dunes Myrtle Beach Luxury Homes

If you want to embrace golf in spectacular style, test your skill at one of the two championship courses at Grande Dunes. The Resort Club or the private Members Club receive national award every year for being outstanding examples of what a golf course should be. The Resort Club has stunning views of the Intracoastal Waterway, the Marina Inn, and the Grande Dunes Marina. Here you’ll find Bermuda grass along with L-93 bent grass which makes your play more competitive. Visit the Mediterranean-styled clubhouse which has dining, a driving range, and chipping greens. The Members Club is a par-71 course with wide fairways and immaculately kept greens. The Old World Clubhouse is where you can have a cool beverage and discuss your round.

Since 1927, Pine Lakes Golf Course, also known as the Granddaddy, is an 18-hole course designed by Robert White. It has a Scottish-themed Clubhouse, rolling fairways, and greens that are always challenging and demanding. The Dunes Club ranks as the best golf course in Myrtle Beach and is rated among the best courses world-wide. Designed by Robert Trent Jones, this golf course features Low Country terrain complete with ocean front, salt marsh, tidal creek, and maritime forest views. It has a practice area and plenty of Southern hospitality to get you off on the right foot.
Wild Wing Plantation Myrtle Beach

Inside the Barefoot Resort, you’ll find four outstanding golf courses that are sure to provide you with hours of fun and exercise. You can choose the Love Course, the Dye Course, The Fazio Course, or the Norman Course for a round of golfing excitement. Each of these courses is visually striking, unique, and fun to challenge. All of the Barefoot golf courses have been ranked by major golfing publications in the country and are host to many tournaments and league play.

If you’ve ever wanted to experience what it’s like to play on the PGA Tour, The Tournament Players Club at Prince Creek will give you that feeling and then some. This course has impeccable greens and fairways, aromatic pine forests surrounding the course, and scenic areas that add an element of beauty to your game. Visiting the Clubhouse after your round will complete your Pro experience. At the Legends Resort, you’ll find three golf courses, Parkland, Moorland, and Heathland that all provide you with an excellent round of golf. The Legends Clubhouse will give you a Scottish feel to your day and food and beverages that give you energy for another 9 holes with your friends. Finally, the course at Prestwick has creeks and lakes as water hazards as you try to reach the deep bulkhead greens. With this course you’ll need steady eyes, hands, and a little patience as you hone your strokes and putts throughout the day.

Golfing in Myrtle Beach is an interesting adventure as you journey from one highly-designed course to another with your scorecard.

April 1, 2015

Growth and Prosperity for Myrtle Beach

Myrtle Beach BoardwalkWith the increase in the population of Myrtle Beach to more than 12,000 people from July 1, 2013 to July 1, 2014, the Myrtle Beach metropolitan statistical area has just been ranked as the second fastest growing region in the U.S. The U.S. Census Bureau released these figures on Thursday and stated that since the 2010 census, Myrtle Beach population has increased by 41,000 people. Included in the statistics are both Horry County and Brunswick County, NC which were counted for the first time. Georgetown County is not included in the reported numbers but saw its own population rise to 60,693 in the new estimate.

This expansion is approaching the boom years of 2005 to 2007 when the Census numbers reported a growth of more than 10,000 per year.  In Horry County the reported increase in population was about 9,300 new residents.
What does this mean for you, a resident of this rapidly growing area?  For starters it means that building roads and infrastructure must attempt to keep pace with the expanding population. Horry County must foster local road-building initiatives so that residents can have speedy access to workplaces and local businesses that they visit on a regular basis. With continual growth comes road construction in a plethora of areas which may impact daily commutes for extended periods.

Our local school system will begin a $160 million, five-school construction project this year to be completed in 2017 to accommodate the new school-aged children in Myrtle Beach. This first wave will have some excess capacity built into the project but two more new schools may need to be built to accommodate incoming students for 2021-2022. The fast-growing areas of Carolina Forest, Forestbrook, and St. James will see the first newly constructed schools with a third elementary school to be built in the second wave of construction.

Every business sector will see a myriad of opportunities for growth coming to the Grand Strand. Both airlines and franchise options will take note of this surge in growth and the national ranking of 2nd place and foster new developments throughout the region. With the development of Coastal North Town Center in North Myrtle Beach, the opening of Gander Mountain at Carolina Forest, and a new Carolina Pottery along Kings Highway it’s already evident that the business community will strive to work diligently to provide growth, selection, and added opportunities for the residents of Myrtle Beach.

With the development of new business opportunities, new schools, and new infrastructure in place, the leadership of Myrtle Beach must also accept the challenges of expanding the performing arts community so that theater and concert productions meet and exceed the expectations of the new residents of the area.  Myrtle Beach, the 2nd fastest growing region in the U.S. is now poised to enjoy regional growth, expanded opportunities, and prosperity for everyone.

Source: http://www.myrtlebeachonline.com/news/local/article16828880.html

June 21, 2014

Dreams of Homeownership Alive and Well in Myrtle Beach

If you have always dreamed of owning a slice of paradise here along the Grand Strand, be advised that your dream is alive and well with a strong housing market reported in the past month.  Even with market fluctuations our sector is experiencing continued progress in here Myrtle Beach.

As evidenced by the latest statistics, opportunities for owning your own home abound in the region and show signs of an ever-improving market for both selling and buying a home for you and your family.  In Myrtle Beach, our industry can offer you reliable financing which certainly impacts your ability to qualify for the home of your dreams. With better jobs and stronger wage growth your chances of achieving home ownership is improving with each passing month.

Pending sales for SFR were up over 30% in the past month and for Myrtle Beach condos it was approximately 16%.  Homes priced in the $200-$250k range saw the largest gain in sales which shows that home ownership is affordable and ready of you to take advantage of here along the Grand Strand.  With inventory decreasing for single family residences, should you find a home that meets and exceeds your needs, don’t hesitate to extend an offer via your real estate professional; what you find today may not be available tomorrow.

Should you have a home on the market currently, if it’s priced in the range of $150,000 the average time for a sale is running below 152 days which is an impressive statistic for our region.  With attractive financing available, the inventory of homes decreasing, and the interest in our region increasing, now is an excellent time to be searching for your dream home or downsizing to a smaller home that is more convenient for your family.

Market statistics show that residential lot sales have decreased in the past month as potential buyers searched for and purchased existing homes in Myrtle Beach.  The median sales price for residential lots is up from last year approximately 38% which may be impacting the slowing of movement in this sector of our industry.  Potential home buyers are extending offers on homes in communities that offer established amenities and conveniences that are available immediately instead of buying lots and building their own homes which can take up to nine months or longer to complete.

Owning your own home in Myrtle Beach is a dream that is alive and well; statistics prove that the activity in our market continues to grow and improve each month.

May 29, 2014

Exciting New Plans for the Grande Dunes Community

Grande Dunes Luxury HomesEven though Grande Dunes is one of the most prestigious communities in Myrtle Beach the new owners have just announced some exciting plans to enhance the attractiveness and convenience of the entire area.  These plans which were released by LStar last Tuesday feature a new hotel, retail development, restaurants and a large park complete with biking and hiking trails that make access to the ocean easily accomplished.

Landscaping adds a touch of sophistication to any development and with hardy plants like crepe myrtles and Palmetto palms planned as new additions to the crossings of the bypass and Kings Highway, visitors will certainly know when they have arrived in Myrtle Beach. An additional access to the bypass will be located at 82nd Avenue North.  With cooperation between LStar and the city of Myrtle Beach, this new phase of development promises to be something of which Myrtle Beach will certainly be proud.

With the implementation of this new public waterway-to-ocean trail for Grande Dunes, homeowners in this community will be provided with additional amenities that add value to their investments.  The expansion of businesses around Marina Village is sure to increase the revenue and interest in owning Grande Dunes homes and condos.  With easy access by bike or foot, residents can avoid traffic congestion as they follow the trail to the beach for their day in the sun hassle-free.

The conceptual drawings also show possible residential development that will be located on the waterway.  Residences will be located above retail shops as well as stand-alone dwellings for potential buyers.  This will open up a second waterfront for the Myrtle Beach area and provide more opportunities for buyers who want convenience, comfort, and stylish decor for their second home, their retirement home, or their investment property.

A timetable was not released for the development but LStar hopes that the entire project can be completed in approximately five years.  This will give an economic boost to Myrtle Beach and will breathe new excitement and enthusiasm into our housing sector.  With upscale homes and a plethora of shopping, dining, and entertainment options added to Grande Dunes, it will not only continue as Myrtle Beach’s most popular community but will expand into the future with growth and profitability.

With attention to detail and outstanding stewardship of our Myrtle Beach landscape, this developer is sure to create a new environment for both business and housing that will be unsurpassed.  Buyers are searching for homes close to the businesses that they need on a regular basis and Grande Dunes and the new expansion promises to fulfil their needs in a stylish and functional manner.