Myrtle Beach Real Estate Report

Gene Carter and The Beach Pro Team

1-800-872-4488

[email protected] 

www.MyrtleBeachAdvantage.com 

February 2013
Volume 2013   Issue 02
In This Issue
December Reports
Best Buys

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
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2200 Premier Resorts Blvd

North Myrtle Beach
South Carolina  29582
 

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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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Quick Links...

 

Greetings!

Greetings from Myrtle Beach,

 

Well, it looks like I broke another couple of promises. The newsletter didn't go out on time again and my new and improved website is still not quite ready. As for the promised review of how the real estate market has changed, I'll sum it up this way - this afternoon I will be submitting my 12th offer in 10 days. The buyers are back in force!

 

I really noticed the market changing direction at the beginning of last year. That's when the growth in buyer demand appeared to me to start outpacing the supply of distress sales reaching the market. During the course of the year, the available inventory of distress properties and other severely discounted listings kept dropping as this trend continued. Now we are definitely seeing price increases in the more popular condo developments and in a number of the housing developments. I am being told that construction costs are also starting to rise as the demand for materials and labor increases.

 

This is all good news if you have been waiting to sell. But it doesn't mean that you've missed the boat if you want to buy and haven't done so yet. The prices are still very low compared to where they were a few years ago and you can still buy high quality for a bargain price. Also, interest rates are still low and rental incomes are continuing to increase (for you investors out there). It's a much "safer" time to buy than when the market was still dropping.

 

I know this isn't a comprehensive analysis of the market but, in summary, I think 2012 marked the end of the downturn and 2013 will be the year in which our local real estate market, as well as the market for most of the country, gets back on firm footing.

 

Once again, I apologize for this abbreviated (and late) version of my normal newsletter. Still included are the monthly market reports and this month's best buy picks. Also, there have been some interesting recent press releases that you may want to check out.  

 

LINK TO PRESS RELEASES

 

My Best Buy picks this month include oceanfront  and ocean view houses as well as condos in Arrowhead Court at Kingston Plantation , Atlantic Breeze, Avista, Bay Watch, Beach Club III, Beach Colony, Bluewater Keyes, Caravelle, Crescent Keyes, Dunes Village, Edgewater at Barefoot Resort, Grand Atlantic, Island Vista, Long Bay Resort, Magnolia Pointe, Margate and Brighton at Kingston Plantation, Market Common, North Beach Plantation Villas, North Beach Towers, Ocean Blue, Ocean Keyes, Ocean Reef, Oceans One, Paradise Resort, Sandy Beach II, Seaside Inn Resort, SeaWatch, Southwind and Windy Hill Dunes. 

January Reports

Ocean

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.  

 

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)
 

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.)  Please call me directly if you find something of interest to you.

 

OF/OV Homes Brochures:       Link to Listings 

OF/OV Homes Spreadsheet:  Link to Spreadsheet 

 

Condo Brochures:       Link to Listings

Condo Spreadsheet:  Link to Spreadsheet
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.