About Myrtle Beach's Palmetto Glen

This weekend, I'll be at an open house in Palmetto Glen.  I'd like to encourage anyone to come by and say hi, and check out this sweet community, located just under the belly of the Beach.  As part of my preparation for an open house, I like to look at what's been going on in the market place.  Here's what's been happening in Palmetto Glen.

Since the beginning of January 2010, 9 houses have closed.  All but one was a 3 BR and each had 2 bathrooms.  The average days on market was 105 - not so far away from the usual 90 we've come to expect.  On average, these homes sold at 97% of their List Price.  While this would seem to be a good indicator that prices are starting to stabilize, one should not be so hasty.  It is more likely that the sellers took most of the reduction in value upfront within the list price.

Currently, there are 16 active listings in Palmetto Glen at the moment, of which 4 are pending, contingent on financing and a fifth is pending, contingent upon a contract.  These range in price from $140K - $225K, with the listing I'm sitting at tomorrow being the most expensive.  The reason for the additional perception of value on our part is that the home sits on a larger lot, and has one of the largest, most attractive master bedrooms in the price band around.

For more details, please give me a call or come by 

Saturday, May 8, 2010

1 - 4 p.m.

136 Tibton Circle

Myrtle Beach, SC 29588