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Myrtle Beach Real Estate market sees increase in 2010

Thursday, August 5th, 2010

The Myrtle Beach real estate market saw increased sales volume in the first half of 2010 in both single-family homes and condominiums. According to statistics released by the Coastal Carolinas Association of Realtors, a total of 2,047 single family homes sold representing an  increase of 32% over the level of sales in the first half of 2009 while condos increased 38% with 1,740 units sold.

The flip side of the volume increase is the decrease in median price — the price at which half sold for less and half sold for more. Single family median price decreased 5% to $170,000 and condos fell 6% to $122,200.

Influenced by the record number of myrtle beach foreclosures available for sale, these median low prices, combined with record low interest rates, mean the Myrtle Beach real estate market offers an incredible opportunity for value-seeking purchasers. In fact, the best properties with great locations and amenities, are selling quickly drawing in buyers who have been sitting on the sidelines.

Another indicator of the incredible values is the record number of cash sales. In June, 2010, about 47% of buyers paid cash, 44% used conventional financing, and 9% had loans through other sources such as FHA and VA.

Foreclosures and short sales generally sell at prices below comparable market value which also drives down overall real estate values. But the increased volume means inventory is reducing. The number of condos listed on the market in the first half of 2010 was down 14% from the same time frame in 2009. Reduced inventory will eventually drive prices up as there will be increased competition for available product.

Local realtors, including those at The Hoffman Group, are consequently applauding the reducing inventory and optomistic that Myrtle Beach real estate overall is improving as pricing stabilizes.

Myrtle Beach Real Estate

Friday, January 8th, 2010

Myrtle Beach is one of the most desired places to vacation in the southeast and is becoming the permanent home choice for more and more people.  The area’s moderate temperatures provide four seasons for enjoying your favorite activities and more and more of the abundant tourism amenities and attractions are staying open year-round to give tourists and residents even more entertainment choices.

The recent downturn in the nation’s economyhas also had an impact on the Myrtle Beach area. In fact, right now is a great time to save on Myrtle Beach real estate, whether you’re looking for residential, vacation, or commercial properties.  With prices for homes and condos now considerably less than their original value, more and more buyers are taking advantage of the great deals!

This area is perfect for singles, couples, families and retirees because there are so many diverse lifestyle options.  They have first class shopping, dining, golf, and entertainment that’s unmatched anywhere else.  You can enjoy all these amenities while living in your own condo, beach house, ocean front property, or residential home.  Don’t miss your chance at this once in a lifetime opportunity to save big on Myrtle Beach real estate.

Myrtle Beach Real Estate Updates

Thursday, October 30th, 2008

Updates have been made the the Myrtle Beach MLS system. You may visit the homepage of Dig Myrtle Beach to search for updated listings.

Thanks and have a great day!

Myrtle Beach Real Estate

Monday, October 20th, 2008

We have recently updated our Myrtle Beach Real Estate website. You can search the entire Myrtle Beach MLS or the Entire Coastal Carolina Association Of Realtors MLS..

Take a moment to view the site and try out the new search features. Remember, you can always save your searches for later view also.

Thanks,
The Dig Myrtle Beach Team

Grande Dunes Real Estate – Myrtle Beach

Thursday, September 4th, 2008

Grande Dunes Real Estate A Showcase for Luxury Living

One of Myrtle Beach’s more spectacular neighborhoods, Grande Dunes begins at the city’s northern limits. A 2,200-acre master-planned community that ranges from the oceanfront to west of the Intracoastal Waterway, Grande Dunes is being developed by affiliates of Burroughs & Chapin Company — the company whose original founders were responsible not only for recognizing that Myrtle Beach could become a coastal resort destination but also for making it happen! Today’s company owners are carrying on that tradition with upscale residential and resort plans that provide a haven for full-time residents, second-home owners and short-term visitors.

Started in 2000, Grande Dunes has 6 distinct residential communities under development. Each adds Mediterranean architectural ambiance to its mixed use, master plan where people live, work, shop, dine, and engage in a variety of recreational pursuits such as boating, tennis and golf.

On the ocean side, twin high-rise residential condominium towers peer out over several single-family residential neighborhoods. The members-only Ocean Club serves all the communities with restaurant services and private beach access.

Crossing the distinctive fixed-span bridge over the waterway, you find a championship golf course that provides the backdrop for luxurious single-family homes and myrtle beach golf condos. The Marina Inn, opened in 2007, features a 130-slip marina, high-rise accommodations offering specialized hotel services, the Waterscapes gourmet restaurant, and specialty retail including Ruth’s Chris Steak House.

Links:
Grande Dunes Real Estate
Myrtle Beach Real Estate

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Myrtle Beach Resorts & Myrtle Beach Vacations

Myrtle Beach Real Estate Sales & Marketing

Tuesday, September 2nd, 2008

Myrtle Beach Real Estate Sales & Marketing

Myrtle Beach Real Estate Listings can be found by visiting the links below:

Myrtle Beach Real Estate
Myrtle Beach Condos
Myrtle Beach Land For Sale
Myrtle Beach Commercial Real Estate

You may also want to search for Preconstruction Condo Sales by visiting the following links below:

Myrtle Beach Preconstruction Condos For Sale
Myrtle Beach Preconstruction – Hot Listings

We are constantly adding more properties to our Myrtle Beach Real Estate websites. Check back often to find the home or condo you are looking for in Myrtle Beach South Carolina or it’s surrounding areas.

Myrtle Beach Real Estate

Wednesday, August 6th, 2008

New Developments in Myrtle Beach Real Estate!

Myrtle Beach is one of the fastest growing communities in the United States, and is one of the major destinations for new construction catering to retirees. It was a major vacation destination during the ’80s and ’90s, and holds a lot of memories for the people who are retiring now – memories of romantic nights on the beaches when they were younger, playing with the kids in the water parks, and more.

As the population has aged, Myrtle Beach has adjusted to match – it’s one of the premier golfing destinations in the country, with tier one and tier two golf courses, some exclusive and some public. There are plenty of activities to entertain, from festivals to a top flight orchestra, to, well, the strand that made the place famous in the first place.

If you’re looking to buy into Myrtle Beach, either as a vacation home, moving here to enjoy the lovely weather and raise a family, or to buy a condo for retirement, there’s a lot the city has to offer. New developments, to the tune of several million square feet of living space are opening up all the time, and existing home sales – bucking the trend across the country – remain brisk.

If you want a custom home, there are developments for all price ranges, from Centre Point to more upscale developments on the northern side of town, some with integrated shopping and activity centers.

If you’re looking for a sleepy, quiet neighborhood to raise your children, Myrtle Beach can cover that as well – one benefit of the growing real estate market is a good tax base to fund the local school district, and the Myrtle Beach chamber of commerce knows full well that building a dynamic community requires getting young professionals into the housing market and putting down roots. They’ve seen what happened to Augusta and Dade County, and are taking proactive measures to keep Myrtle Beach dynamic and appealing for every age demographic.

Myrtle Beach Real Estate On WannaNetwork

Thursday, July 3rd, 2008

Real Estate Market Update – Myrtle Beach Real Estate In South Carolina

Tuesday, April 29th, 2008

You’ve seen the ashes and sackcloth in the national media. We’re facing an impending housing crisis of Biblical proportions, Bear Stearns got bought out by Morgan Stanley, and the World is Going To End. Oh, and real estate is the worst place to park your assets right now. At this point, the litany of woes in the housing sector sounds like an early ’90s grunge act, or maybe the final act of an opera as everyone threatens to throw themselves off the cliff.

What isn’t getting reported is that every trend has a rebound line. Right now, housing prices are down; they may not have hit bottom, but they’re probably very close. As anyone who does investing or sales knows, the key to making money is to buy low and sell high. Right now, the price of housing is very low – and there are lots of people desperate to get out from under their mortgages, so the first part of that formulation is here. How about selling high?

Let’s look at the housing market – we’ve got an economic correction (read “recession”) coming on. We’ve also got a demographic wave peaking with the Baby Boomers getting set to retire…and they’re going to want to buy retirement homes. After all, real estate is an investment in a tangible asset with real value – you can always re-sell the land, or live in the home. It’s one of the safest investments out there…and there are markets where the housing prices are down and the upside potential is great.

One of those markets for real estate is Myrtle Beach, South Carolina. Let’s look at the numbers. Myrtle Beach is the sixth fastest growing metro area in the US Myrtle Beach real estate is a good investment in the near term, and a great investment in the medium turn. The time to buy is when everyone’s driving the price down – and the time to buy into Myrtle Beach real estate is right now.

Welcome to the new Myrtle Beach real estate blog by DigMyrtleBeach.Com

Tuesday, April 22nd, 2008

Welcome to the DigMyrtleBeach.Com Blog!

Here you will find information on the local Myrtle Beach Real Estate market. Although we are a new website, DigMyrtleBeach.Com is run by the Hoffman Group of Myrtle Beach who has been in the Myrtle Beach Real Estate market for more than 25 years.

So, feel free to look around and if you are interested in seeing the properties available in Myrtle Beach, than be sure to visit http://www.digmyrtlebeach.com

Thanks,
The Hoffman Group