Myrtle Beach Real Estate Market 2025: The Best Time to Buy is NOW!

: 🔥 Myrtle Beach Real Estate Market 2025: The Best Time to Buy is NOW! 📈🏡 📍(00:00) - Introduction Taylor Jones introduces the discussion on the 2025 real estate market. Joined by Randy Wallace, owner and broker in charge at KW & Cana Team. Overview of what will be covered: market trends, insights, and forecasts. 📍 (00:32) - Market Overview & Trends The market has been slowing down since 2022. Q4 of 2024 and Q1 of 2025 are key buying periods. No significant interest rate drops yet, but pending sales are increasing. 📍 (02:08) - Increase in Pending Sales 150 more pending sales in single-family homes (5% increase). 70 more pending condo sales (2.5% increase). 20 more pending residential lot sales (5% increase). 📍 (04:21) - Buyer Activity & Seasonal Trends More buyers are entering the market as spring approaches. Sellers may become less flexible as demand rises. Best buying window expected to last through March and April. 📍 (05:05) - North vs. South Housing Markets Many northern states are facing a housing shortage. Buyers relocating from the Northeast due to lack of inventory. New home construction in Myrtle Beach provides a unique advantage. 📍 (06:12) - Impact of Short-Term vs. Long-Term Rentals Shift from short-term vacation rentals to long-term residents. Myrtle Beach city government implementing policies to manage rental conversions. 📍 (07:23) - Myrtle Beach’s Shift from Tourism to Residential Growth Increase in full-time residents affects hospitality and local businesses. City and county must adjust to balance tourism with residential expansion. 📍 (08:22) - Future Growth in Myrtle Beach Projected population growth from 450,000 to 800,000 in 20 years. National and regional builders entering the market. Increased new construction creates buying opportunities. 📍 (10:24) - Price Stability & Buying Opportunities Prices remain stable overall. Some sellers and builders are offering 5-10% price reductions. Window of opportunity for buyers is closing as demand rises. 📍 (12:42) - Navigating the Buying Process Why working with an agent can save money. Recent examples of successful price negotiations (new homes & condos). 📍 (14:24) - Mortgage Rate Outlook No drastic rate drops expected, but slight reductions possible. Government likely to push for lower interest rates in an election year. 📍 (15:33) - Importance of Working with a Lender Lenders are offering creative financing options. Consulting a lender can uncover hidden opportunities. 📍 (16:09) - Market Rebuilding & Long-Term Outlook Market is slowly rebuilding from the downturn of the past two years. Buying now allows buyers to take advantage of current conditions before prices rise. 📍 (16:40) - Final Advice & Call to Action Cash buyers & home sellers have an advantage in this market. The seller's market is coming—don’t wait too long to buy! Call to action: Like, subscribe, and share the video with potential buyers ====== ⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️ 🤔Thinking of Moving to Myrtle Beach South Carolina? 📝 Let Us Help! 📱Call or Text us: 843.455.7200 📨Email: randywallace@kw.com 😁 Facebook:   / kwcanagroup   😍 Instagram:   / canagroup   😛Website: https://www.newhomesatmyrtlebeach.com ⬆️⬆️⬆️⬆️⬆️⬆️⬆️⬆️⬆️⬆️⬆️⬆️⬆️⬆️⬆️⬆️⬆️⬆️ ====== ▶Subscribe 👉    / @livinginmyrtlebeach   ====== If you want to know everything about eating, sleeping, working, playing, the good, and the bad of living in Myrtle Beach South Carolina, then subscribe▶ and tap the bell🛎 for notifications so you can be the first to know about the current market in Myrtle Beach SC.😁 We get calls and emails everyday of people just like you, looking for help on making their move to Myrtle Beach South Carolina and we absolutely love it.😍 Whether you are moving in 9 days or 90 days, give us a call☎, shoot us a text📝, or send us an email📨 so we can help you make a smooth move to Myrtle Beach South Carolina. ======