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    (843) 267-2710

Kathy Rukat Smith, REALTORⓇ

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Surfside Beach Real Estate Market Report – January 2022

Surfside Beach Real Estate Market Report - January 2022

The January 2022 Surfside Beach Real Estate Market Report provided by Kathy Rukat Smith of Palmetto Coastal Homes is available.

Surfside Beach, like the rest of the Grand Strand, continues to be in a sellers’ market. The average price of homes and condos/townhouses has risen while the inventory of homes and condos has decreased. While interest rates are expected to increase, buyers are still looking to move to this area in high numbers. I believe we will continue to see a sellers' market through 2022.

All numbers mentioned in the below graphs show single family home and condo/townhouse information for the month of January 2022 for Surfside Beach. Numbers are compared to January 2021. Information is provided by the Coastal Carolinas Association of REALTORSⓇ.

The Surfside Beach Real Estate Market Report covers single family homes and condo/townhouses in the Surfside Beach - both those inside the city limits and outside the city limits. The Surfside Beach Real Estate Market Report does not include manufactured homes, multi-family properties, land or commercial properties.

January 2022 Surfside Beach SFH Market Report
January 2022 Surfside Beach Condo:Townhouse Market Report

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Surfside Beach Single Family Home Market

The average price of single family homes in Surfside Beach rose an incredible 33.1% from January 2021. The number of new listings added in January decreased by 58.3%. The Surfside Beach single family market also saw decreases in the number of active listings (down 59.7%) and the number of sold listings (down 28.6%).

Buyers looking in Surfside Beach have noticed the low inventory of homes and noticed homes quickly being put under contract once they are listed for sale. Buyers are also noticing that homes are selling for at or above asking price.

Sellers in Surfside Beach should expect multiple showings over a few days along with multiple offers on their home. Sellers should be prepared for a full day of showings the first few days their home is on the market.

Average Price

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Number of New Listings

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Number of Homes for Sale

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Number of Pending Sales

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Number of Closed Sales

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Surfside Beach Condo and Townhouse Market

The average sales price of condo and townhomes in Surfside Beach rose 19.1% from January 2021. The number of new listings added in January saw no change from the January 2021 numbers. The Surfside Beach condo and townhouse market also saw decreases in the number of active listings (down 42.1%) but saw an increase in the number of sold listings (up 53.8%).

Buyers looking in Surfside Beach have noticed the low inventory of condos and townhouses and noticed properties quickly being put under contract once they are listed for sale. Buyers are also noticing that condos and townhouses are selling for at or above asking price.

Sellers in Surfside Beach should expect multiple showings over a few days along with multiple offers on their home. Sellers should be prepared for a full day of showings the first few days their home is on the market.

Average Price

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Number of New Listings

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Number of Condos and Townhouses for Sale

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Number of Pending Sales

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Number of Closed Sales

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As a buyer in this market, you need to come prepared when you start looking for homes. Before you start looking for homes, have your pre-approval letter ready to go. Also, you will want to present a strong offer to the seller. When you are ready to start looking for your next home, we can discuss your specific strategy.

As a seller, you need to consider where you will move once your home is sold. Because the sale could be very quick, you may need to consider moving into a short-term rental to give yourself some extra time to find your next home. If now is the right time to discuss your home's value and your future plans, we can discuss the logistics of selling in today's market.

"Helping You Find the Sandcastle of Your Dreams!"

Newsletter

My weekly email newsletter goes out on Saturdays. Information will include local market reports, real estate tips and videos, new listings of mine and my office, local business highlights, Grand Strand events and inspirational quotes.

Sign Up for the Newsletter

Posted in: Real Estate Market Reports, Real Estate Market Reports 2022 Tagged: market report, real estate market report, surfside beach

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About

Kathy Rukat Smith with Palmetto Coastal Homes serves all the areas of the Grand Strand.

  • North Myrtle Beach
  • Myrtle Beach
  • Surfside Beach
  • Garden City Beach
  • Murrells Inlet
  • Litchfield Beach
  • Pawleys Island
  • Carolina Forest
  • Conway

 

Kathy Rukat Smith is a resident of Murrells Inlet and loves everything living at the beach has to offer. She has been selling real estate since 2004.

Kathy uses her local real estate knowledge, technical skills, local connections and strong internet presence to exceed your exceptions and help you succeed in the fast-paced Myrtle Beach real estate market.

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Kathy Rukat Smith with

Palmetto Coastal Homes

4214 Mayfair Street, Suite F, Myrtle Beach, SC 29577

(843) 267-2710
Kathy@TeamRukat.com
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