Myrtle Beach North Real Estate Market - View Myrtle Beach North Real Estate Market Trends in South Carolina

Spring 2012 Market Update Myrtle Beach North and the surrounding Grand Strand areas show a marked increase in sales activity this Spring, signalling a strong market rebound. Low rates and rock bottom prices make a home purchase a great value! Increased opportunities for oceanfront condo financing open a whole new market segment, especially since rental income can significantly offset cost of ownership. Call Dee now for a personal consultation to discuss your requirements (843-222-2124) or just e-mail deeweiss@chicora.net. We’ll e-mail listings matching your parameters so that we can help you find your next dream home or place at the beach.
Average Home Price	$200,000 - View Graph Trend

Average Price Compared to Last Year	Down 0-5%

Average Time on Market	90-120 days

Best Selling Price Range	$150,000 - $199,000

Worst Selling Price Range	$250,000 - $299,000

Prices As % of Asking Price	85-90%

Existing Home Prices for the past 90 days are?	No Change

Market Trend	Decreasing

Buyers’ or Sellers’ Market	More sellers than buyers

Buyer Activity for the past 90 days in Myrtle Beach North is	Increasing

Seller Activity for the past 90 days in Myrtle Beach North is?	Increasing

Multiple Offers?	No

What Percentage of the Current Housing Inventory are Foreclosures and/or Short Sales?	15-20%

Is Financing Available For Qualified Buyers?	Yes

Comments on Financing For Qualified Buyers	Financing is becoming more readily available for all oceanfront condo properties despite increased Fannie Mae requirements. Investors/second home buyers are returning to the market and finding fantastic opportunities as prices have decreased over 21% since 2009 while rental income has remained stable.

Housing Inventory	Good supply - Some Prices

Inventory Comments	Inventory of homes is slightly lower than last year, with excellent values and interest rates hovering around 5%. Market shows dramatic upswing in activity this Spring, which signals a strong market rebound beginning.

Greatest Activity	Repeat Buyers

Reason to Buy/Sell	Buying: great interest rates, incredibly low prices and extraordinary selection of houses and condos. Selling: Buyer activity has increased dramatically this Spring. Consumers are feeling more confident about making a real estate purchase.

Nearest Metro Area	Myrtle Beach

Housing Hot Spots	Spring sales activity points to a clear market rebound in the greater Myrtle Beach area. There is something here for every price range and preference. Whether you are buying a second home or vacation retreat, or relocating to the Grand Strand, you’ll find numerous properties in your price range that will meet your requirements. The market hotspot is in the process of shifting from single family homes under $225,000 to incredible condo opportunities on the oceanfront where prices have decreased to the levels found in 2003. Financing is becoming more readily available and rental incomes have remained stable over the past two years which is a plus for investors.

Average Sold Price	$200,000 - View Graph Trend

Myrtle Beach North Local News

Agent quarterly survey shows growing optimism toward a housing market recovery

End of tunnel, meet light. Real estate agents have been imagining that vision for a while, and first-quarter optimism in 2012 has some saying the road to recovery could be just around the corner.

Much of the upbeat attitude from HouseHunt's market condition survey stems from tighter inventory and houses not remaining as long on the market. Of agents reporting, 38 percent said inventory was tight in their cities, compared to 32 percent in the fourth quarter of 2011 and 13 percent at the beginning of last year. Regarding time on the market, 30 percent reported houses selling in 60 days or less, compared to 22 percent in the previous quarter and 10 percent at the beginning of 2011.

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