Posts by : Adrianne Anderson

2022 is shaping up to be an exciting year!

One of the things that I am most excited about is a huge media content roll-out that is going to help my clients and customers. Partnering with JDO Designs, I've developed Area Overview videos to help folks better understand this amazing place I get to call home. Split into Myrtle Beach, the North End, the South End and Inland, these videos will help visitors better understand and visualize the Grand Strand that spans from Little River to Pawleys Island and all the wonderful communities in between and just west of our coast. These videos were developed after I found myself introducing clients to more of our area when they had only heard of one t...

Whether you're selling shoes or homes, the basic economic principle of supply and demand governs the price of any product. If you have lots of inventory and low demand, your price will be low. If you have a limited supply and lots of folks want your product, your price will be high.

What does that have to do with our current market? HUD has been tracking housing numbers since its creation in the 1960's. In the one housing market crash (that was caused by faulty lending practices), supply was at an all time high in 2006 and 2007. In 2021, we're in the exact opposite situation with the lowest inventory of homes available ever. New construction is not coming to the rescue either. With suppl...

Thank you for an amazing 2021. This year has been filled with challenges, rewards, and ultimately tremendous blessings. At some point this year, or in the years prior, I was able to work with you on buying or selling a home, or you helped me help others by lending your professional help in what ultimately helped make dreams become a reality. I cannot tell you enough how much I love and find joy in working with people who become customers, customers who become clients, and clients who become lifelong friends. I am truly the most blessed person in the world and you are a huge part of that. From my family, to your family, thank you!

During this season of love and giving, I wanted to do s...

In November 2021:

The average sales price across all property types was $311,175 compared to November 2020 which was $268, 474.

The overall supply of properties was 1.2 months of inventory, compared to November 2020 which was 3.1 and November 2019 was 4.9.

What does that mean?

November of 2021 continued to demonstrate that low supply of properties for sale paired with a high demand to own property in this area increased prices. If you're waiting on prices to drop, we'll need to see less demand and more inventory. I'm not seeing either. The most likely factor to come into play is rising interest rates to borrow money. So, if you're financing, prices are likely going to continue to go u...

1. USE THEM FOR MULCH!
When the leaves fall, that means winter is coming. Make sure that you are ready with a lot of mulch to protect your garden beds. Add a layer of leaves to add protection from the cold, wet weather and you’ll have healthier plants in the springtime.

2. CREATE NEXT YEAR’S GARDEN BEDS AND BINS
As the year winds down, use that time to prepare your garden beds for the next year. Add leaves to build soil over the winter in those beds. For instance, many gardeners suggest that you can build a potato bin with your old leaves: “Build the wire frames right now, put them in place, and begin to fill them with leaves. Come spring, the leaves will be partially decomposed.”

3. FEED...

One of the biggest advantages of being a homeowner is that you can make updates! You can paint the walls whatever color you want. If you plan on staying in your home, I recommend making it yours. If you want a pink accent wall, paint it! If you want green tile in the kitchen, lay it down!

However, if you're interested in making updates that will also add value to your home, consider these DIY projects:

1.) Install crown molding. Yes, this can be a surprisingly easy DIY project to add more character to your rooms. Buy the molding from your favorite home improvement store, have the store cut it to size and attach it to the wall with a nail gun (it may be a two-person job). Some crown mold...

When selling your home, one of the most important steps is to accurately price your home. That does not automatically mean price your home to sell in a few hours or overprice your home so that no one is interested. Your pricing strategy should be developed with three very important factors in mind:

Price:

If you are interested in achieving top dollar, your home needs to reflect the condition that buyers expect to see. You may also need to assume it may take longer to get the price you desire.

Time:

If you are short on time, your price needs to be as flexible as possible to attract a more timely offer. However, if you do not have a time constraint, you may have the ability to wait on a...

Will Housing Prices Drop?

The Department of Housing and Urban Development has tracked data since the 1960's. If you trend the Median Sales Price of Homes over the last 60 years... prices go up. Only once after the financial crash from 2006 to 2011 has the market taken an extended down turn. I truly want the market to slow down for buyers that I'm helping. If it happened once, it could happen again. But looking at historical data... odds are... if you're waiting on prices to drop significantly before making your move, you're waiting on something that most likely is not going to happen. Be sure to focus on interest rates and other market factors and call me to discuss what your next best m...

As we move into fall, it looks like the market is going to remain strong for sellers. The market typically cools off at the end of summer but low inventory continues to favor people selling their home.

Here are a few important stats:

- The average sale price from August 2020 to August 2021 increased by almost $40,000 (265k to 305k)
- Total number of sales have decreased the last two months: 2,185 in June, 1,822 in July and 1,761 in August
- Supply has remained relatively flat with only 1.3 months of inventory in the last few months. In August there was a small uptick with 1.4 months of inventory

Things I'm experiencing while I help buyers and sellers:

- A decline in the number of multip...

Up 30k!

Prices are up and up and up! Across the entire MLS for all types of properties (single family homes, condos, townhomes and land), prices have increased by an average of more than $30,000 since a year ago.

Housing Inventory is Down almost 40%!

Last summer, there were around (in the middle of a global pandemic), we thought inventory was low with around 6500 properties for sale at any given time. This summer, there's only around 4,000 properties for sale. Low inventory = higher prices and more competition

Market Thoughts:

As an agent, I'm seeing more multiple offer situations which is good for sellers and stressful for buyers. I'm also seeing more and more sellers push for even ...

Financing Contingency
This is probably the most important contingency in a real estate transaction. If you are paying cash for your home, then this contingency does not apply to you. However, if you are getting a loan, then the lender must approve your loan and fund it in order for you to close on the house. If you're a buyer, its very important to have a pre-approval letter from a lender when making an offer. This demonstrates that you are ready to buy to a seller. If you are selling your home, as your listing agent, I'll screen each offer and ensure that each prospective buyer is pre-approved with a lender. If during the closing period, the financing falls through for reasons outside of ...

As a local, I'm constantly sharing my first-hand experience with folks moving here from other areas. It is critical to be aware of local hazards like hurricanes, flooding and wildfires. The Map Your Move feature allows you to search any address to find evacuation zones, storm surge areas, stormwater easements and drainage areas, roadway closures from recent storm events, the current and proposed FEMA flood zones, and the proposed supplemental flood zone currently in review, which reflects flooding from Hurricane Florence, the highest flood of record in Horry County.

In addition to learning what hazards exist, this page also provides resources to help you mitigate those hazards and take t...

Ana is the first named storm of the 2021 Hurricane Season and we are in the first week of this year's hurricane season. This also means 2021 is now the 7th straight year there has been pre-June 1 named storms develop. It’s important that you are prepared for the upcoming storm season.

Know Your Zone- if you don't know, please ask and I can help.

There's tons of tips I'd love to talk through with you: planning for your pets, what to include in your emergency kit and how I can help monitor your property if you are an out of town owner.

Most importantly- watch a LOCAL trusted news source!

According to April 2021 data from the Coastal Carolina Association of Realtors:
- Prices on all properties are up 10.4%
- The number of properties for sale is down 29%
- Average days on market has gone down every month since August 2020
- What does that mean? Prices are up, inventory is down and things have sped up.

The most important thing you can do is to have a trusted Realtor. Can you buy a property without one? Yes. Does it cost you any money to work with a buyer's agent? No. Commissions are negotiated with a listing agent before the property ever hits the market. Don't just work with any Realtor. Work with one that you trust and that truly has your best interest at heart.

After identi...

Our market is moving fast for a variety of reasons: low supply of properties, high demand as more people move to our area and historically low interest rates!

Availability of resale single family homes has dropped by almost 30% from last year
New construction single family homes inventory has dropped every month since last May
Mortgage interest rates are less than 3%. Some clients are qualifying for 15 year fixed rates less than 2.5%
If you are interested in buying or selling, please give me a call to discuss the current market and how I can best help you!

Buying a home is an important life decision. Make sure you consider these important tips before you buy:

1. Look at your finances and decide how much you can afford.

2. Make sure to physical inspect the home and property for potential fixes and hazards.

3. Tour the neighborhood at different hours to get a feel for the local atmosphere.

4. If you have children now or might in the future, check out the local schools.

5. Check the location of the nearest shopping, such as grocery stores, restaurants, and other stores you already frequent.

Follow these tips when preparing your home for sale:

- Stage each living area to help potential buyers imagine living in that space.
- Keep all rooms clean, including children rooms.
- Remove clutter and extra furniture to help the space feel clean and larger.