Myrtle Beach Real Estate Report

Gene Carter and The Beach Pro Team

1-800-872-4488

[email protected] 

www.MyrtleBeachAdvantage.com 

February 23, 2012
Volume 2012   Issue 02
In This Issue
Condo Buyers are Back!
MB Marathon
January Reports
Best Buys
Upcoming Bank-Owned Listings
Foreclosure Auction

Gene Carter CDPE
Gene

Professional, Courteous Service / 25 Years Experience / Oceanfront, Waterway & Golf Real Estate Specialist in Myrtle Beach, North Myrtle Beach, Little River, Surfside, Garden City, Murrells Inlet, Litchfield, Pawleys Island, Carolina Forest
Hoffman Logo

 

2200 Premier Resorts Blvd

North Myrtle Beach
South Carolina  29582
 

iPhone Property Search App

CLICK HERE (Code 9030)

iPhone Image

This iPhone app will allow you to search for Myrtle Beach Properties.
USE CODE 9030
News Flashes

   

 

IMPROVED CONDOTEL FINANCING

 

Interest rates continue to drop and more options have become available.  Contact me for details.

 

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Click on the "Calendar of Events" below for more happenings. 

 

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The current 30 year fixed interest rate is approximately  4% for our oceanfront developer owned condos in Sandy Beach II and Holiday Sands.  Over 50 buyers took advantage of the 65% price discounts and super-low interest rates in 2011.  Contact me for details.

 

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Quick Links...

 

Greetings!

Greetings from Myrtle Beach!

In my last newsletter, I included an article about how sales activity typically picks up dramatically in January.  This year, the trend has been even stronger than usual.  I've already had 10 new sales (personally) since January 1.  For my thoughts on the big increase, check out "Condo Buyers are Back!".

URGENT -- Big oops on the announcement in the January newsletter for the iPhone app to allow you to search our MLS.  The code published in that newsletter was incorrect (It was actually the code for an agent in Charleston, SC).  The correct code is 9030.  This has been changed on my website.

This past weekend was huge in Myrtle Beach, with a holiday weekend, Valentine's day visitors and the Myrtle Beach Marathon producing an "off-season" boost.  More details in "Marathon Heads Up Big Weekend".

As usual, this newsletter provides info on a number of great purchasing opportunities.  There's been an especially impressive batch of new distress sale listings hitting the market in recent weeks.  Take a look at the "Best Buys" section for more information.
Condo Buyers are Back!

Compared to recent years, there seems to be a fundamental difference in the types of buyers I've been seeing over the last 2 months - particularly for resort condos. The big change seems to be the long-awaited return of several "categories" of buyers to the market.

 

Click here to read more  

Marathon Heads Up Big Weekend

 

Now in its 15th year, the Myrtle Beach Marathon is bigger and better than ever. Several course changes and logistical improvements in recent years have enabled the organizers of the event to increase the size of the field. Over 7000 runners participated in the marathon or half marathon this year. Perfect weather contributed to another great success. For more details on the race, see the articles below.

 

Also, Presidents Day Holiday on Monday and the additional influx of vacationers belatedly celebrating Valentine's Day made for an action-packed long weekend for the Grand Strand. The winter "off-season" gets shorter each year!

 

Annual Bi-LO Myrtle Beach Marathon Planning for More Runners This Year

 

15 Years, 15 Things to Know About the Myrtle Beach Marathon 

 

North Carolina Man Wins Myrtle Beach Marathon 

 

Myrtle Beach Marathon Organizers See Controlled Growth in Future 

January Reports

Below are links to several detailed reports on the current state of our local real estate market complete with statistics for just about anything imaginable.  Please keep in mind that these statistics cover a broad range of properties and that particular areas or developments may behave quite differently. 

 

My comments:

 

Mixed bag again.  Some good news, some bad news. Bad news - distressed sales are still dominating the market, comprising a very high percentage of sales and exerting a downward influence on prices.  Also, available inventory for condos and houses ticked up for the first time in 8 months - hopefully just a seasonal phenomenon.  The financing is still tough, especially for condos (70% cash buyers in January).  On the good side, the pending sales for both condos and houses were up around 40% compared to January 2011.  This correlates with my personal observations as mentioned in my opening remarks and "Condo Buyers are Back!".  

 

As always please contact me if I can be of service in any way.

See link below to interpret terms used in these reports.

Myrtle Beach Market Update
North Myrtle Beach Market Update
Grand Strand Market Report
SC Monthly Indicators
Housing Overview

Real Estate Terms
Best Buys (My Picks)
Caribbian
Caribbean

The following current listings are exceptionally well-priced and represent great values.  This is a live link to listings and will change according to changes in the MLS (Pending, Sold, etc.)


Listing Brochures:       Link to Listings
Listing Spreadsheet:  Link to Spreadsheet
Upcoming Bank-Owned Listings

Margate
Margate Tower
The following properties (see list) were recently purchased by various banks at our most recent foreclosure auction and I can arrange for you to be notified the moment any one or more of these properties are listed in MLS......
Monthly Foreclosure Auction
(March 5th) 
Blue Water Keyes
Blue Water Keyes

I can arrange for you to acquire the property of your choice (see list) at  upcoming monthly Horry County foreclosure auctions.  My contact can purchase a property of your choosing at the auction within pre-determined parameters, allowing you to buy a "foreclosure" property before it is ever listed in MLS to avoid the inevitable bidding war if it is priced well.  Please contact me for details.

The following are my picks (see list) for best buys at the upcoming March 5th auction...Read full story
If you are considering buying or listing any property on the Grand Strand, or if I can be of assistance in any other way, please contact me.  Also, please feel free to forward this newsletter to friends or acquaintances and of course I will be happy to add them to my email list.

Finally, please let me know if you are going to be in the area and would like to get together.

See you at the beach!

Gene Carter
Beach Pro Team
Cell Phone:  843-455-4785
Email:  [email protected]
Website:  www.MyrtleBeachAdvantage.com

This newsletter expresses the opinion of Gene Carter CPDE.  Specific property information is deemed reliable but is not guaranteed.