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Writer's pictureJessica Wainwright

Sunset Beach Market Snapshot 📸 October 2024

Updated: Nov 20

Why Now is the Perfect Time to Sell Your Sunset Beach Home! 🌅🏠


If you're considering selling your home in Sunset Beach, the market trends from January to October 2024 reveal exciting opportunities. Let’s explore why now could be the ideal time to list your property.


Vibrant Market Activity and Buyer Demand 📈

The Sunset Beach real estate market is experiencing dynamic activity, making it a favorable environment for sellers. Here’s a look at the latest trends:


Strong Sale Price Ratios and Quick Sales ⏰

Sale to Original List Price Ratio: In October, homes sold for 93.6% of their original list price, showing that properties are selling close to asking prices.

Sale to List Price Ratio: With a ratio of 97.7%, sellers are achieving nearly their full asking price, indicating strong buyer commitment.


Competitive Pricing and Sales Performance 💰

Average and Median List Prices: In October, the average list price was $638,183, with a median of $549,000. These figures underscore a competitive market where sellers can achieve attractive pricing.

Sold Prices: Homes sold for an average of $415,026, with a median sale price of $287,000, reflecting strong buyer demand and the potential for sellers to secure great deals.


Active and New Listings 🏡

Active Listings: October 2024 saw 89 active listings, highlighting a lively market with plenty of buyer interest.

New Listings: With 31 new listings in October, the market remains robust, offering fresh opportunities for sellers to attract eager buyers.


Quick Sales and Strong Sale Price Ratios

Days on Market: The average days on market (ADOM) in October was 61, with a median of 40. This indicates that homes are selling relatively quickly, a positive sign for sellers.

Sale to List Price Ratio: With a ratio of 97.7% in October, sellers are achieving nearly their full asking price, indicating strong buyer commitment.


Healthy Inventory Levels 📊

Months of Inventory: The months of inventory stood at 2.62 in October, suggesting a balanced market with healthy demand, making it an ideal time to sell.


Sales Volume and Market Dynamics 💼

Sales Volume: October saw an active sales volume of $56,798,263, with a sold volume of $14,110,868. This robust activity underscores the market's strength and the potential for sellers to capitalize on high buyer interest.


Why List Your Home Now? 🏡

With competitive pricing, strong sale price ratios, and a vibrant market, now is an excellent time to list your Sunset Beach home. These trends indicate a market where sellers can confidently expect to attract serious buyers and achieve favorable sales outcomes.


Ready to Make Your Move? 📞

If you're ready to explore the possibilities of selling your Sunset Beach property, our team is here to guide you through the process. We specialize in ensuring a smooth and rewarding selling experience, helping you maximize your return on investment.


Contact us today to discuss how we can help you achieve your real estate goals. Your dream sale is just a call away! 🌟


Download the Sunset Beach Residential Market Summary for September 2024



Information is deemed to be reliable, but is not guaranteed. Data may have come from public tax records. © 2024 MLS and FBS. Prepared by Samantha A Talbott on Friday, November 1, 2024 9:26 AM.

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