Jan. 16, 2011

Myrtle Beach real estate market update

The Myrtle Beach real estate market had an oval improvement in 2010. The number of sales in 2010 were drastically up and the declining prices seemed to be slowing. SFR sales were up over in 2010 by 12 percent compared to 2009.  Myrtle Beach condo sales rose a whopping 21 percent compared to 2009 according to the multiple listing service.

The end of 2010 had slowed a bit. Sales were down in October and November compared to the same months in 2009. Myrtle Beach condo sales were up in December compared to the same month in 2009.

According to Greg Harrelson in the Sun News article. Harrelson Said “the increase in sales was in part because buyers believe there are a lot of good properties at good values in Myrtle Beach." Harrelson has reported to us that his very popular Myrtle Beach real estate site has seen a huge increase in traffic and users signing up for daily email alerts of new listings.

These are all great signs that we are near the bottom and 2011 should be even better than 2010.

Share This Post
Please enable Javascript to comment on this blog