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.
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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
Number of New Listings
Number of Homes for Sale
Number of Pending Sales
Number of Closed Sales
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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.
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
Number of New Listings
Number of Condos and Townhouses for Sale
Number of Pending Sales
Number of Closed Sales
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!”
Saturday 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.