Updated Market Data Report from SCAR

South Carolina REALTORS® (SCR) has released its September Statewide Market Reports. Normalcy is returning to the housing market and all major indices showcase a fairly robust price recovery.  New Listings in the state of South Carolina increased 9.9 percent to 8,165. Pending Sales were up 8.7 percent to 4,655. Inventory levels shrank 6.2 percent to 46,597 units. Prices moved higher as the Median Sales Price increased 3.2 percent to $159,500. Days on Market was down 9.1 percent to 115 days. Absorption rates improved as Months Supply of Inventory was down 20.3 percent to 8.9 months.  There’s some evidence that it’s not just first-time home buyers fueling the recovery. Move-up buyers are also pulling their weight. Some baby boomers are ready to look for less space while the younger generation seeks bigger space. For more information please visit www.screaltors.org

Stores announced for new North Myrtle Beach shopping center

SUN NEWS -  NORTH MYRTLE BEACH, SC

 

The developer of Coastal North Town Center in North Myrtle Beach has announced the stores that will share the center with Publix Super Market, the first along the Grand Strand.  The other stores will include the area’s first Hobby Lobby, TJ Maxx, Ulta Beauty, Dick’s Sporting Goods, Ross Dress for Less, Rack Room Shoes, PetSmart and Versona Accessories, according to Phil Wilson, principal of RealtyLink, the development company.  Wilson is to announce merchants that will occupy the center’s outparcels at a later date. They are expected to be a mix of restaurants and smaller retail stores.  The center will have 348,000 square feet of commercial space and is expected to open late next year, according to information from the city of North Myrtle Beach. 

Read more here: http://www.myrtlebeachonline.com/2013/10/21/3786487/neighbors-announced-for-north.html#storylink=cpy