Pawleys Island Real Estate Market Summary for 2011

Pawleys Island home prices fell over the last year ending the year with a median sale price of $285,000 for single family detached homes.  Prices fell 23.9% year over year in Pawleys Island.  There were 204 single family homes sold along the Waccamaw Neck with a 5% increase in the number of homes sold over the period.

The number of distressed sales held steady in the Pawleys Island area at 20.6% over the last year accounting for 42 of the 204 single family homes sold.  Pawleys Island home prices have been higher than other areas of the Grand Strand.