Here’s where the buyers are coming from in our market.

Where are the buyers coming from in our Myrtle Beach real estate market? I’ll admit that all this activity is a little puzzling, and I never would’ve foreseen it after the pandemic hit back in March. 

“I’m hearing stories of sellers getting 20% to 30% premiums for their houses.”

The typical Myrtle Beach homebuyer comes from colder, more densely populated, higher-taxed states up north. These people are leaving the big cities because, by and large, their employers are letting them work from home. Their jobs don’t require them to live in these cities anymore, and when you add COVID into the mix, it’s hard to maintain social distancing in densely populated areas. 

Thus, they’re moving to the suburbs. I’m hearing stories of sellers getting 20% to 30% premiums for their houses in these areas. My typical buyer client comes from these suburbs. They’ve already lived in the suburbs, they’re on the verge of retirement, and they want to move somewhere warmer with lower taxes. They’re putting their homes on the market (many of which generate bidding wars) and buying new homes in our area. 

It’s been a crazy year, and no one knows long long this trend will last, but that’s the situation we’re facing. If you’re thinking of buying or selling a home in Myrtle Beach, give me a call and I’d be happy to tell you how my team and I can help you do so safely. If you’d like to know what your home is worth or have any other real estate questions, feel free to reach out to me as well. I look forward to hearing from you!