In the fiscal year 2014, existing home sales were up 8% to 2013 and new home construction numbers were up 20%. However, to further show the upward trend in that, average home price was up approximately 10.1% to $231,000 for new homes. New homes also had a sales increase to the number of $420,000,000!
From the business side of the industry, commercial sales were one of the strongest even since pre-recession economic times. With 470 sales, we set a seven year record equaling a total sales volume of over $550 million. What fantastic news for all of our business owners and real estate market investors as well!
Source: E.F. Hucks & Associates, Inc.
These statistics are constantly altering from quarter to quarter, but if you have a particular area of the Grand Strand or neighborhood that you would like to know more about, please inquire directly through my email or give me a call and I will be happy to help!