Buy Myrtle Beach Real Estate Now or Wait

Map of The Grand Strand

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Have You Ever Thought About Buying Real Estate In Myrtle Beach, South Carolina?

When you consider purchasing real estate Myrtle Beach is located in a semi-tropical region that is perfect for those who do not want hot weather most of the year. That would explain why so many that had moved to Florida are relocating to the Myrtle Beach area. Mild, barely noticeable Winters are a little known fact that some have discovered and now you too know the secret.

Myrtle Beach is the center of an area called The Grand Strand. Within The Grand Strand of South Carolina there are the towns or cities of Little River, Longs, Loris, North Myrtle Beach, Conway, Carolina Forest, Myrtle Beach, Surfside Beach, Garden City, Murrells Inlet, Litchfield, Pawley's Island. Many also consider the southeast coastal area of North Carolina, which includes Calabash, Carolina Shores, Sunset Beach, Ocean Isle Beach, Holden Beach to be part of The Grand Strand.

Real estate prices in the Myrtle Beach area were below other east coast properties through 2004. During the beginning of the real estate boom this area was simply trying to match what property was really worth. Speculators and greed took over as we saw the cost of an ocean front condo increase by a hundred thousand dollars within weeks. Even after the crazy days ended real estate sales continued until the mortgage problems began to surface. The media made things sound worse and day after day all we heard was basically "the sky is falling". Those that could make a real estate purchase feared the worse was yet to come because that is what they heard day-after-day. Just think, if the media had not made things worse and if people that could afford to purchase real estate had done so, builders would have continued to buy materials and products, suppliers would not have laid-off employees, so-on and so-on.

Today, we are seeing a rapid increase in Buyers coming to the Myrtle Beach area. Those ready for retirement have decided they are tired of the cold weather in the northern U.S. but do not want constant hot weather. Since new construction homes are available in the high $100,000 price range many are cashing in their declining investment accounts to pay cash for a perfect home.

Myrtle Beach Homes For Sale

February 10, 2010 the MLS contains 4,965 single family homes for sale which are detached, new, detached with HPR, and Semi-detached. The are 252 manufactured homes with land and 87 manufactured homes on leased land for sale.

On June 18, 2009 according to the MLS there were 5,646 Single Family Homes for sale in the Myrtle Beach area. From June 18, 2008 - June 18, 2009 there were 3,175 Homes that sold.

According to the official Coastal Carolina Association of Realtors (CCAR), Multiple Listing Service (MLS) there were 6,254 Single Family Homes for sale in the Myrtle Beach area on September 1, 2008. Approximately 5,000 of those homes contained at least 3 bedrooms and 2 baths.

Myrtle Beach Condos For Sale

On February 10, 2010 there were 4,665 condos for sale in the Myrtle Beach area.

On June 18, 2009 according to the MLS there were 5,514 Condos for sale in the Myrtle Beach area. From June 18, 2008 - June 18, 2009 there were 2,060 Condos that sold.

On September 1, 2008 according to CCAR, MLS in the Condo / Townhouse category there were over 5,000 condos for sale in the Myrtle Beach area.

Myrtle Beach Townhouses For Sale

On February 10, 2010 there were 589 townhomes for sale in the Myrtle Beach area.

On June 18, 2009 according to the MLS there were 831 Townhouse / Duplex units for sale in the Myrtle Beach area. From June 18, 2008 - June 18, 2009 there were 337 Townhomes or Duplex units that sold.

On September 1, 2008 according to CCAR, MLS in the Condo / Townhouse category there were over 700 townhomes for sale in the Myrtle Beach area.

Myrtle Beach Lots / Land For Sale

On February 10, 2010 according to the MLS there were 3,551 residential lots, 23 farms, and 663 acreage properties listed for sale.

On June 18, 2009 according to the MLS there were 5,516 Lots / Land properties listed for sale in the Myrtle Beach area. From June 18, 2008 - June 18, 2009 there were 470 Lots / Land properties that sold.

On September 1, 2008 according to CCAR, MLS in the Land category there were over 5,900 lots or acreage for sale in the Myrtle Beach area. Approximately 930 of those were priced under $50,000.

Myrtle Beach Multi-Family Properties For Sale

On June 18, 2009 according to the MLS there were 150 Multi-Family Properties for sale in the Myrtle Beach area. From June 18, 2008 - June 18, 2009 there were 20 Multi-Family Properties that sold.