2023 Market Review for Garden City

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2023 BROUGHT TO YOU BY: Cal Harrelson ANNUAL REAL ESTATE MARKET REVIEW 843.331.2132 CoastalLivingSC.com cal.harrelson@peacesir.com GARDEN CITY SOUTH OF THE PIER
Some Photography Provided by Robbie Bischoff Photography
RESIDENTIAL HOMES Homes
31 Homes Sold 41 in 2022 122 Average Days on Market 120 in 2022 $1,602,932 Average Sold Price $1,777,402 in 2022 $1,470,000 Median Sold Price $1,555,000 in 2022 $2,892,500 Highest Valued Sale $4,170,000 in 2022 $750,000 Lowest Valued Sale $119,000 in 2022 94% List vs Sold Price Ratio 96% in 2022 $49,290,900 Total Sold Volume $72,873,500 in 2022 TOTAL HOMES SOLD Homes Sold South of the Pier for 2023 JAN 2023 4 4 5 4 2 1 2 2 1 FEB 2023 MAR 2023 APR 2023 MAY 2023 JUN 2023 JUL 2023 AUG 2023 SEPT 2023 7 6 5 4 3 2 1 2 2 2 OCT 2023 NOV 2023 DEC 2023 MEDIAN HOME SALES PRICE Median Home Sales Price South of the Pier for 2023 JAN 2023 FEB 2023 MAR 2023 APR 2023 MAY 2023 JUN 2023 JUL 2023 AUG 2023 SEPT 2023 $1.63M $1.17M $1.23M 1.72M $1.84M $1.6M $1.72M $2.12M $849K AVERAGE HOME SALES PRICE Average Home Sales Price South of the Pier for 2023 JAN 2023 FEB 2023 MAR 2023 APR 2023 MAY 2023 JUN 2023 JUL 2023 AUG 2023 SEPT 2023 2.5M 2M 1.5M 1M 500K $1.56M $1.31M $1.36M $1.35M $1.84M $1.6M $1.72M $2.12M $849K OCT 2023 NOV 2023 DEC 2023 $1.59M $1.83M $1.83M OCT 2023 NOV 2023 DEC 2023 $1.59M $1.83M $1.83M 2.5M 2M 1.5M 1M 500K
South of the Pier
Garden City | 2023 RESIDENTIAL HOME SALES SOUTH OF THE PIER ADDRESS BED BATH SOLD PRICE 551 S Waccamaw Dr. 4 2 $1,389,000 1899 S Waccamaw Dr. 6 4 $1,625,000 214 Yucca Ave. 4 2 $625,000 885 S Waccamaw Dr. 7 6 $1,890,000 837 S Waccamaw Dr. 8 7 $1,950,000 ASKING PRICE $1,389,000 $1,800,000 $695,000 $1,900,000 $1,950,000 CLOSED ON 2/28/2023 1/9/2023 1/23/2023 2/7/2023 2/24/2023 1838 South Waccamaw Dr. 4 3 $1,250,000 414 S Dogwood Dr. 4 3 $1,235,000 230 Dogwood Dr. S 4 2 / 1 $1,100,000 2252 Oyster Cove 4 4 $1,975,000 $1,295,000 $1,250,000 $1,175,000 $2,200,000 3/22/2023 3/13/2023 3/17/2023 3/17/2023 324 S Waccamaw Dr. $1,450,000 1474 S Waccamaw Dr. $1,037,500 222 Dogwood Dr. S 5 4 $925,000 632 S Waccamaw Dr. 3 2 $750,000 $1,535,000 $1,100,000 $950,000 $799,000 5/5/2023 3/28/2023 4/5/2023 4/14/2023 957 S Waccamaw Dr. 4 2 / 1 $1,000,000 306 S Waccamaw Dr. 10 8 $1,825,000 2317 Sailfish Dr. 4 2 $2,000,000 801 South Waccamaw Dr. 5 4 / 2 $2,210,000 $1,400,000 $1,825,000 $2,000,000 $2,199,000 5/16/2023 5/8/2023 5/12/2023 5/12/2023 1894 Dolphin St. 5 4 / 3 $2,000,000 242 Dogwood Dr. S 5 5 / 1 $1,350,000 2203 Oyster Cove 5 4 $1,100,000 $2,249,000 $1,600,000 $1,199,000 5/30/2023 6/2/2023 6/7/2023 1933 S Waccamaw Dr. 6 4 / 2 $2,585,000 $2,795,000 6/20/2023 2059 S Waccamaw Dr. $1,625,000 1986 Pompano Dr. $1,300,000 540 S Waccamaw Dr. 6 6 / 1 $1,600,000 646 Underwood Dr. 5 5 / 2 $1,825,000 $1,725,000 $1,598,500 $1,650,000 $1,875,000 8/30/2023 6/29/2023 7/31/2023 8/1/2023 612 Dogwood Dr. S 4 2 $875,000 318 S Waccamaw Dr. 4 3 $1,350,000 2329 Sailfish Dr. 5 3 / 2 $2,892,500 610 S Waccamaw Dr. 4 3 $849,900 $995,000 $1,495,000 $2,995,000 $849,900 11/13/2023 9/8/2023 9/29/2023 11/7/2023 1113 S Waccamaw Dr. 7 7 / 1 $2,320,000 $2,495,000 11/21/2023 7 4 4 3 6 5 / 1 5 3 DOM 115 155 33 29 25 140 155 148 59 25 69 69 93 78 98 42 41 57 323 147 98 416 654 418 98 131 104 138 62 141
RESIDENTIAL CONDOS Condos South of the Pier 7 Condos Sold 14 in 2022 56 Average Days on Market 108 in 2022 $417,142 Average Sold Price $403,664 in 2022 $355,000 Median Sold Price $334,500 in 2022 $655,000 Highest Valued Sale $650,000 in 2022 $295,000 Lowest Valued Sale $214,000 in 2022 97% List vs Sold Price Ratio 98% in 2022 $2,920,000 Total Sold Volume $5,651,300 in 2022 TOTAL CONDOS SOLD Condos Sold South of the Pier for 2023 JAN 2023 1 1 3 1 1 FEB 2023 MAR 2023 APR 2023 MAY 2023 JUN 2023 JUL 2023 AUG 2023 SEPT 2023 7 6 5 4 3 2 1 OCT 2023 NOV 2023 DEC 2023 MEDIAN CONDO SALES PRICE Median Condo Sales Price South of the Pier for 2023 JAN 2023 FEB 2023 MAR 2023 APR 2023 MAY 2023 JUN 2023 JUL 2023 AUG 2023 SEPT 2023 $295K $655K $310K $460K $545K AVERAGE CONDO SALES PRICE Average Condo Sales Price South of the Pier for 2023 JAN 2023 FEB 2023 MAR 2023 APR 2023 MAY 2023 JUN 2023 JUL 2023 AUG 2023 SEPT 2023 700K 600K 500K 400K 300K $295K $655K $321K $460K $545K OCT 2023 NOV 2023 DEC 2023 OCT 2023 NOV 2023 DEC 2023 700K 600K 500K 400K 300K
1582 S Waccamaw Dr., 32 2 2 $310,000 1582 S Waccamaw Dr., 38 2 2 $295,000 1398 Basin Terrace, 206 2 2 $655,000 1582 S Waccamaw Dr., 58 2 2 $300,000 1582 S Waccamaw Dr., 59 2 2 $355,000 $315,000 $299,900 $675,000 $309,000 $375,000 3/24/2023 1/20/2023 2/2/2023 3/21/2023 3/21/2023 200 N N Waccamaw Dr., 3D 3 2 / 1 $460,000 1398 Basin Dr., 309 2 2 $545,000 $479,000 $550,000 4/28/2023 7/27/2023 37 57 58 27 34 56 126
City
2023 RESIDENTIAL CONDO SALES SOUTH OF THE PIER ADDRESS BED BATH SOLD PRICE ASKING PRICE CLOSED ON 1838 South Waccamaw Dr. 4 3 $1,250,000 2252 Oyster Cove 4 4 $1,975,000 $1,295,000 $2,200,000 3/22/2023 3/17/2023 1474 S Waccamaw Dr. $1,037,500 $1,100,000 3/28/2023 6 5 / 1 DOM 140 59 69
Garden
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RESIDENTIAL HOMESITES Homes South of the Pier 6 Homesites Sold 6 in 2022 150 Average Days on Market 86 in 2022 $974,583 Average Sold Price $711,083 in 2022 $950,000 Median Sold Price $570,000 in 2022 $1,950,000 Highest Valued Sale $1,599,000 in 2022 $425,000 Lowest Valued Sale $282,500 in 2022 94% List vs Sold Price Ratio 99% in 2022 $5,847,500 Total Sold Volume $4,266,500 in 2022 TOTAL HOMESITES SOLD Homesites Sold South of the Pier for 2023 JAN 2023 2 2 FEB 2023 MAR 2023 APR 2023 MAY 2023 JUN 2023 JUL 2023 AUG 2023 SEPT 2023 7 6 5 4 3 2 1 1 1 OCT 2023 NOV 2023 DEC 2023 MEDIAN HOMESITES SALES PRICE Median Homesite Sales Price South of the Pier for 2023 AVERAGE HOMESITES SALES PRICE Average Homesite Sales Price South of the Pier for 2023 JAN 2023 FEB 2023 MAR 2023 APR 2023 MAY 2023 JUN 2023 JUL 2023 AUG 2023 SEPT 2023 1.5M 1.25M 1M 750K 500K 687K 1.25M OCT 2023 NOV 2023 DEC 2023 950K 1.02M JAN 2023 FEB 2023 MAR 2023 APR 2023 MAY 2023 JUN 2023 JUL 2023 AUG 2023 SEPT 2023 1.5M 1.25M 1M 750K 500K 687K 1.25M OCT 2023 NOV 2023 DEC 2023 950K 1.02M
ADDRESS ACRES SOLD PRICE 546 S Waccamaw Dr. 0.20 $550,000 1606 Dolphin St. 0.29 $425,000 2035 S Waccamaw Dr. 0.25 $950,000 2349 S Waccamaw Dr. 0.30 $1,950,000 ASKING PRICE $625,000 $499,000 $1,000,000 $1,950,000 CLOSED ON 6/21/2023 3/22/2023 3/31/2023 6/20/2023 1505 Dolphin St. 0.25 $1,022,500 2051 S Waccamaw Dr. 0.23 $950,000 $1,150,000 $995,000 12/15/2023 10/25/2023 DOM 71 78 290 0 261 202 Garden City | 2023 RESIDENTIAL HOMESITE SALES SOUTH OF THE PIER

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MEET CAL

35 Capers Way Pawleys Island, SC 29585 843.237.7711 MKT PERMIT NO. 115 Pawleys Island, SC 29585 Sotheby’s International Realty® and the Sotheby’s International Realty logo are service marks licensed to Sotheby’s International Realty Affiliates LLC and used with permission. Peace Sotheby’s International Realty fully supports the principles of the Fair Housing Act and the Equal Opportunity Act. Each Franchise Is Independently Owned And Operated. Any services or products provided by independently owned and operated franchisees are not provided by, affiliated with or related to Sotheby’s International Realty Affiliates, LLC nor any of its affiliated companies. If your property is listed with a real estate broker, please disregard. It is not our intention to solicit the offerings of other real estate brokers. We are happy to work with them and cooperate fully. A LUXURIOUS LIFESTYLE IS FOUND IN PEOPLE, PLACES AND EXPERIENCES THAT ARE EXCEPTIONAL.

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