Myrtle Beach Realtor Josh Gainey

Myrtle Beach Realtor Josh Gainey Real Estate Consultant for Coastal South Carolina And North Carolina

04/10/2026
02/22/2026
02/18/2026

Who will be affected by the new rule change?

1. Residential real property is transferred: This includes structures designed for one to four families, vacant land intended for such structures, or shares in a cooperative housing corporation.
2. The transfer is non-financed: This means the transfer does not involve an extension of credit that is both secured by the property and extended by a financial institution with existing anti-money laundering (AML) and Suspicious Activity Report (SAR) obligations.
3. The property is transferred to a “transferee entity” or “transferee trust”: These are legal entities (like corporations or LLCs) or trust arrangements, rather than individuals.
4. No exception applies: Certain transfers, such as those resulting from death, divorce, or those involving no consideration made by individuals to their own trusts, are exempt from reporting.
The primary goal of this reporting is to increase transparency and combat money laundering in the residential real estate sector, particularly where illicit actors might use legal entities or all-cash deals to hide their identities.

Things are starting to feel more BALANCED Closed sales for Single-Family homes were up 3.6 percent to end the year at 11...
01/22/2026

Things are starting to feel more BALANCED

Closed sales for Single-Family homes were up 3.6 percent to end the year at 11,196 sales. Condo homes closed sales fell 3.1 percent to end the year at 4,924 sales.

There are more homes to choose from, buyers aren’t rushing like they were a couple years ago, and pricing matters more than ever. Single-family homes are holding steady, condos have softened a bit, and homes are taking slightly longer to sell.

Home prices were up for Single-Family homes, up 1.4 percent to $365,000. Meanwhile, Condo properties fell 3.7 percent to $238,825.

Is there good news? Home values are still strong overall, which means many homeowners are sitting on solid equity. Looking ahead, 2026 is expected to be steady and PREDICTABLE (finally!), with more opportunities for both buyers and sellers.

New listings for Single-Family rose 7.6 percent to finish the year at 15,401. New listings for Condo homes decreased 0.5 percent to finish the year at 8,330.

As always, it's not about timing the market but time in the market! If the perfect property comes to market, are you ready??

Josh Gainey

🏡Market remains balanced with about 4.7 months of inventory and single-family homes averaging 138 days on market (New an...
01/20/2026

🏡Market remains balanced with about 4.7 months of inventory and single-family homes averaging 138 days on market (New and Resale.) Prices are holding steady, with the overall average around $404,000 🤑 with new homes slightly higher. Previously owned single-family homes show stronger buyer interest 💪 averaging more showings before going under contract. Condos currently have the highest inventory levels and more buyer choice, keeping prices more competitive🏡

05/21/2025

📣Coming Soon📣 The Palms at Sago Plantation!

🏡3 Bed 2 Bath Home Move in Ready with Large Private Lot🏡

📣November News📣 A slight market shift and a new elevated gym experience coming to Myrtle Beach!
11/11/2024

📣November News📣 A slight market shift and a new elevated gym experience coming to Myrtle Beach!

📣November Real Estate News for Myrtle Beach!📣
11/11/2024

📣November Real Estate News for Myrtle Beach!📣

Address

601 21st Avenue N
Myrtle Beach, SC
29577

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