Barefoot Real Estate Report 1st Quarter 2021

May 1, 2021

~ Michael Atwood

This is the first quarter real estate report for 2021 which includes sales for all Barefoot Resort properties. This includes both the Residential and the Non-Residential properties.

Barefoot Single Family Homes

LISTINGS 40* 2 10
SOLD 28    
PRICING $457,746 (average sales price)    

 (*This includes all active, sold, pending, & expired properties)

As a comparison to the previous year the number of sales and average sales price was significantly higher than the previous year. The number of available properties was down slightly as compared to the previous year and the properties are selling at a faster rate compared to 2020. During 2021 the sales rate per month was 7.0 which are higher than the same sales per month as compared to the previous year. We currently have less than one month inventory of homes available in the Barefoot Community based upon that sales rate per month. We have 10 homes pending now and that is more than the previous levels during the same time in 2020.

We remain optimistic for the upcoming year as interests rates remain low as compared to the same time last year. We are seeing an increase in the total market due to the increased demand for housing here in our area. Now is a great time to place your property on the market if you are looking to sale your home here in Barefoot Resort as prices have risen significantly over the past year. The market overall remains strong in our area and especially in North Myrtle Beach.

Barefoot Condo/Townhomes

LISTINGS 165* 7 58
SOLD 99    
PRICING $232,565 (average)    

(*This includes all active, expired, pending, and sold properties)

The average price is flat compared to the previous year because there were more golf villas sales during the same time this year versus the resort villa units in the Barefoot Resort communities. The year to date average monthly sales rate for condominium and townhomes is 25 sales per month. We currently have around 1 month of condominiums available for sale in the Barefoot Resort Community based upon the amount of inventory and the current rate of sales per month.

We continue to remain optimistic about the market for this year. The current interest rates remain at the same rate as compared to this same time last year. If you are looking to sell now it is a great time to sell as Barefoot Resort condominiums are in demand. So if you are considering selling during this time of the year then it’s a good time to get your property on the market based upon current sales levels and pending transactions.