Although the real estate market in Myrtle Beach has improved over the first half of 2010, according to Realtors, but with the prices of properties continuing to drop, there is still a ways to go before the market reaches stability. There are great opportunities for buyers with low prices available and interest rate at an all time low. Single-family homes grew 32 percent and condo sales rose 38 percent in the first half of 2010, in comparison with the same period from 2009. Foreclosures and short sales are sold at discounted prices, which is driving down the real estate values overall; with this, the drop in values isn’t great for property owners trying to sell but for some buyers it can mean an unexpected buy here in Myrtle Beach! It may take a couple of years to get through the short sales and foreclosures, but once those distressed properties are off the market there will be hopeful improvement! With the possibility of prices still dropping in 2010, and the interest rate fluctuating a bit, the second half of the year should stay stable and make way to the gains in 2011. Considering the market is the most opportunistic one when seen in years, its sparking the interest of Buyers who normally wouldn’t invest in such properties.
Myrtle Beach Homes in Demand
Myrtle Beach homes are in great demand due to the affordable prices and closeness to the beach, making them a top choice for real estate investors, retirees, primary and secondary home owners. Many buyers are realizing that there are some great buys available right now along the Myrtle Beach coast. A new comer to the Grand Strand area has endless options when it comes to real estate, living in golf communities, retirement communities and also other residential areas that offer spacious, affordable homes are just some examples of The Perfect Coastal Living. Golf Communities are located throughout the Grand Strand area, with over 100 golf courses in Horry County is affordable to find the desired Golf Course view. Retirement communities located in more secluded areas offer more of a private lifestyle with gated entrances and quiet neighborhoods. Oceanfront homes can be found anywhere from Cherry Grove all the way to the southern tip of Pawley’s Island. Oceanfront homes are also used quite frequently for rental income, and typically generate nice revenue streams. When you’re ready to look for your next dream home, contact The Willis Team at SC Beach Real Estate for your next real estate transaction.
Myrtle Beach Home Proclaimed Historic Landmark
This week one of Myrtle Beach’s oldest and finest homes will be recognized and honored as a national historic landmark in its own ceremony. The house stands on the Northwest corner of Ocean Boulevard and 38th Avenue North. In a city press release, the residence was stated as being part of the Myrtle Heights-Oak Park neighborhood, which is already in the National Register of Historic Places. Most of the homes in this neighborhood are dated in the 1920’s-1940’s. This honorable and memorable ceremony, during which the home will receive a plaque, will be held at 2 p.m. on Wednesday.

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