Several other areas had more significant increases in prices. The southern midlands jumped 48.9 percent to $140,750, the Greater Pee Dee jumped 19.4 percent to $132,690, the western Upstate jumped 9.9 percent to $122,500, Piedmont Regional jumped 7.2 percent to $152,700 and North Augusta jumped 6.6 percent to $159,900, according to SCR.
Statewide, the median price increased 3 percent, to $146,000 in April compared to the same month last year, according to the association.
Even though prices rose, real estate sales dropped along the coast and statewide.
The number of homes and condos sold along the Grand Strand and in southern Brunswick fell 8.1 percent, to 678, in April compared to the same month last year, according to SCR.
Maeser said that could be because most of the really good deals were already gone or people were already dealing with foreclosures that have been on the market for a long time. Greenwood had the biggest improvement in sales, followed by the southern midlands, with an increase of 41 percent and 33.3 percent, respectively, in April when compared to the same month last year.
Sumter/Clarendon County had the biggest drop in sales in April, falling 38.1 percent from the same month last year, according to SCR. The Piedmont Regional dropped 22.8 percent in sales in April, the western Upstate dropped 21 percent, and Cherokee County dropped 14.3 percent.
Statewide, real estate sales dropped 1.3 percent, to 4,181 homes, condos and villas sold, in April compared to the same month last year, according to SCR.
Foreclosures climb in April in Myrtle Beach area
Foreclosure filings in Horry County rose in April compared to the same month last year as prices jumped more than they did statewide, according to statistics released this week.
There were 465 foreclosure-related filings in Horry County in April, up 28.10 percent from the same month last year, according to a report released Thursday by RealtyTrac, a company that tracks foreclosures nationally. Most of those filings, 235, were lis pendens, the documents lenders file to start the foreclosure process.
About one in every 400 properties in Horry County has a foreclosure filing, the third-highest rate of foreclosures in the state behind York and Dorchester counties, according to RealtyTrac. Statewide, about one in every 720 properties have foreclosure filings, the 13th-highest rate of any state in the country, according to RealtyTrac.
Maeser said the jump in the foreclosure rate might have to do with the banks realizing it is better to release some of the foreclosures they were holding back, get rid of them and clear them off their books.
But the statistics on filings do not mean there are many more actual foreclosures taking place, Maeser said. He has said that people are buying a lot of foreclosures, especially in the condo market, but there are not that many good sales left as a lot of the really good deals have been sold.
About 30 percent of single-family home sales and about 34 percent of condo sales still are either foreclosures or short sales, the same as last year, Maeser said.
Those distressed properties – the foreclosures and properties nearing foreclosure that are sold as short sales- typically sell for significantly less than other properties on the market, which drives down overall property values, Maeser has said.
Real estate prices had been dropping, something Maeser has said would continue until the area gets rid of foreclosures and short sales.