DECEMBER 1, 2017
– Michael Atwood
These are the results for both 2017 year-to-date and third quarter sales for all Barefoot Properties.
Barefoot Single Family Homes
| YTD | QUARTER 3 | |
| Listings | 383 available* | 33 active |
| Sales | 47 sold | 13 sold, 23 pending |
| Pricing | $332,796 average price |
*(This includes all sold, expired, withdrawn, pending, and sold properties)
As a comparison to the previous year the sales, available listings, sales price, remained flat. This was due to the slowdown during the storm weeks we have had during the year. Available properties have been down as compared to the precious year but the properties are selling at a faster rate compared to 2016. Right now at the rate of 5.4 sales per month over this past year we then currently have around 6 months of homes available in the Barefoot Community. This also takes us into the slowest sales time of the year for our area.
Barefoot Condo/Townhomes
| YTD | QUARTER 3 | |
| Listings | 445 available* | 76 active |
| Sales | 219 sold | 44 sold, 31 pending |
| Pricing | flat, down from previous |
*(This includes all sold, expired, withdrawn, pending, and sold properties)
Pricing is down from previous because of more golf villas sales versus the larger units in the community.
Right now at the average rate of 20 sales per month this year, we currently have around 4 months of condominiums available in the Barefoot Community.
We also are approaching the slowest sales time of the year for condominiums.
Barefoot Land
| YTD | QUARTER 3 | |
| Listings | 30 available | 16 available |
| Sales | 13 sales | 0 sales, 1 pending |
Most of these available lots are in the Dye Estates. The lots that are available in the others areas of Barefoot continue to be reduced by single family home sales in The Retreat and Tuscan Sands. There are buildable lots available in The Retreat, The Dye Estates, and Tuscan Sands but they are selling faster than other areas of North Myrtle Beach. There will be additional phases coming available in The Retreat in the coming months. But there will be fewer lots that are customizable as The Dye Estates lots sell.
According to this market, the absorption rate for the lots in The Dye Estates is showing less than one year left based upon recent sales numbers.
In summary…
The Barefoot Market continues to remain a highly desired area in which to purchase all types of properties and we are seeing that we are attracting more and more permanent homeowners each month. So if you are considering making a purchase here then you must consider that the inventory is getting lower each month and the prices have begun to climb.
On the other hand if you are considering selling, then I would strongly recommend having a pre-inspection of your property from a local home inspector and correcting anything that may reduce your price of your property. Another point is to consider offering a home warranty as we see those properties sell for higher prices than other similar properties. Last I would suggest considering upgrades that the market is demanding in order to maximize your price point for your property.
If you would like a market analysis for your property feel free to contact me at michaelatwood@chicora.net or 843-997- 2799.