Greetings from Myrtle Beach,
I've had a pretty good sales year so far, especially for oceanfront condos. My 53rd sale of the year will be closing later this week and almost all of these have been oceanfront condos. Out of 3600 active agents, I am currently in the top 40 in overall sales volume and number 8 in overall condo sales. If you exclude sales "teams" (each of which actually has multiple agents) and Brokers in Charge (who are typically credited with all of the "company" listings within their firms), I am currently at #3 in overall condo sales volume. Last year I finished at number 15 in overall condo sales (#9 if you exclude teams and BICs).
I mentioned in my last newsletter that sales activity seemed to slow down in mid-July, at least for oceanfront condos. My perception has since been supported by conversations with other real estate agents as well as local lenders and closing attorneys - all of whom noticed the same phenomenon. Fortunately, it didn't last long. By mid-August, inquiries and offers started rolling in again.
Even though the buyers are back, sales may slow down a bit this fall simply because of the lack of listing inventory in some of the more popular developments. Check out "Where Have All the Listings Gone?" for some interesting facts and figures.
Major changes in the National Flood Insurance Program (NFIP) were signed into law in 2012. As these changes start phasing in this year some homeowners in our area will be affected. I've covered the highlights in this newsletter.
I will probably say this every year about this time but if you've never visited the Grand Strand in the fall, you don't know what you're missing. The weather is just about perfect with warm days, cool nights and low humidity. The summer crowds are gone but all the major attractions are still active. And there are so many festivals each weekend it's tough to decide which ones to go to. It's my favorite time of the year! For details, click on the "Calendar of Events" on the left side bar.
My Best Buy picks this month include oceanfront and ocean view houses as well as condos
Anderson Ocean Club, Avista, Bay View, Bay Watch, Beach Colony, Breakers Boutique, Breakers Resort, Brighton, Camelot, Caravelle, Caribbean Resort, Compass Cove, Cottages at 7th, Crescent Keyes, Crescent Shores, Dunes Village, Edgewater, Grand Atlantic, Grande Dunes, Grande Shores, Harbour Cove, Island Vista, Laguna Keyes, Long Bay Resort, Magnolia Pointe, Maison Sur-Mer, Malibu Pointe, Mar Vista Grande, Margate Tower, Market Common, Monterey Bay, North Beach, Ocean Keyes, Ocean Reef, Oceans One, Paradise Resort, Pinnacle, Prince Resort, Roxanne, Royale Palms, Sandy Beach, Seaside Inn, Sea Watch, South Shore Villas, Southwind, The Horizon, The Pointe, Tilghman Beach & Golf, Windy Hill Dune and Yacht Club Villas.
Come see me at the beach!