We all know Myrtle Beach is No. 1 in our hearts for a place to call home, but now our coastal town officially ranks 1st on a much bigger scale, as the best place to live for second homeowners in the United States.
A recent study by California-based ATTOM Data Solutions has Myrtle Beach topping a list of more than 120 metro areas with the highest percentage of second home pre-movers in the nation.
The “Pre-Moving Housing” report that places Myrtle Beach at 14.2 percent, which is higher than Asheville, N.C. (10.7 percent), and Daytona Beach, Fla. (10.3 percent), analyzed Q3 2017 statistics of people in the United States applying for mortgage loans to buy a second home.
“It’s essentially because of four factors,” says Coastal Carolinas Association of REALTORS® president Don Smith. “It’s the climate here, which really encompasses all four seasons and supports the halfback phenomenon; it’s the location, which is positioned within a day’s drive to many cities on the East Coast; it’s our clean air, water and beaches; and it’s the inundation of attractions, shopping, golf and renowned dining options.”
Myrtle Beach’s curb appeal can certainly be credited for the halfback phenomenon that’s proven to make it a popular spot for northern Baby Boomer retirees to relocate, again. In fact, more than 22,000 residential properties were registered as second homes in Horry County in 2017, which is about 21 percent of total residential listings.
Myrtle Beach offers the lure of warmer weather and sandy beaches, without traveling the distance to Florida, hence why they choose to settle “halfway back” to their original home state. This rising trend confirms the recent “Pre-Moving Housing” report results.
“Our location here is so important,” adds Smith. “We can drive from Myrtle Beach, leave at 6 a.m., and have dinner in New York City. That’s crucial for folks who live in Florida and have family in Pittsburgh. That’s not a daytrip; that’s two days up and two days back.”
The most popular states that lure the most halfback retirees are Alabama, Georgia, Kentucky, North Carolina, South Carolina, Tennessee, Virginia and West Virginia. Citing reasons from health concerns to high insurance costs from Florida’s recent hurricanes, the halfbacks have ended their search for a home sweet second home here in the mid-south states. And we’re happy they landed here the second time around.
For more information on local, regional and national housing and real estate reports, visit www.ccarsc.org.