🏢 Myrtle Beach, SC Metro | Multifamily Update – May 9, 2025

Good morning – this is your Myrtle Beach Multifamily Daily Update for May 9, 2025, covering the latest data from the past 24 hours.

Whether you’re actively buying, thinking about selling, or just keeping tabs on the market, this report gives you:

• Financing Rates: No rates today - I’m redoing this section to make it even better.

• New Listings, Price Reductions, and Pending Deals: So you know what’s moving and how long it’s taking.

• Rental Activity: Working on this section to make it better. Will be included in near future

All data is pulled from the CCAR MLS, Crexi, Loopnet and lending sources as of the past 24 hours.

Let’s get into it:

Debt & Market Pulse

If you're considering investing in multifamily properties along the Grand Strand, here’s the latest on rates and financing options:

Actual loan terms will vary based on your credit profile, experience, debt service coverage ratio (DSCR), leverage, and property type.
If you need a lender referral, text 843-957-5989 and I’ll connect you with someone local who understands multifamily financing.

Market Overview

Active Inventory

• Total Listings: 72

  • A 16 unit multifamily property in 29577 failed to sell and went expired via MLS on May 8; It was originally listed for sale in May 2023 for $1.6MM, went down to $1.39MM and failed to trade.

Pending Listings

• Total Pending Listings: 12

• Median Pending Price: $562,000

• Average Days on Market (Pending): 200

Note: This data comes from the CCAR MLS.

New Listings (Past 24 Hours)

No new listings.

Price Reductions

No new price reductions.

Under Contract / Pending Sales

No pending sales today.

Sold Transactions

No sold transactions today.

Thinking of Selling?

🏠 Get a Complimentary Property Evaluation - See what your multifamily property could sell for in today’s market.
📞 Call/Text Nick Fitzpatrick at 843-957-5989 or Reply to this email to get started.

Looking to Buy?

🔍 Let’s Find the Right Deal for You - I help investors find on-market and off-market multifamily properties across Myrtle Beach and the Carolinas.
📞 Reach out anytime to discuss your goals.

I run this update every weekday because I believe knowing the market is the first step to making smarter investments.
If I can help you buy, sell, or better understand your property’s value, let’s talk.

Best,

Nick Fitzpatrick

Real Estate Broker

NorthGroup Real Estate

SC # 128053 | NC # 339118