Happy New Year from Myrtle Beach!
Once again, the year is starting out with a bang. I always think I'll have at least a couple of weeks to get in the swing of things before sales activity picks up and every year I get blindsided. I was out with clients looking at oceanfront properties 5 of the first 7 days of January - including New Year's Day! It's a sign of the times - buyers are buying and sellers are selling. I trot out this same old chart every year but take a look at just how fast sales activity picks up between December and January. Seasonal Sales Pace by Month. Don't wait - act now if you want to buy or list!
There's a sense of optimism in the air on the Grand Strand that I haven't experienced in quite some time - a feeling that this is the year that we resume the normal pace of growth and prosperity that this area had become accustomed to prior to the "Great Recession". New businesses are opening, rental incomes are increasing, new subdivisions are booming, and new developments are being launched.
But the good times are not evenly spread out. Some developments are increasing sharply in value while others are flat-lining. I know I've mentioned this subject in several previous newsletters but it's a great time to re-assess whether or not you should be buying, selling or re-arranging. If you are looking to buy in the area for the first time, you will want to take full advantage of the market conditions. If you already own, the best course of action depends on your personal and financial scenarios and your particular property or properties. Please contact me if you want to discuss your unique situation. I will be glad to put together a detailed analysis focusing on your buying needs or your individual property or properties.
All the usual reports, best buys and news releases are included but, overall, this newsletter is a little light on content compared to my norm. I'm still collecting and analyzing year-end stats but I promise the next one will contain my take on 2013 and what to expect in 2014. I'm ready for a big year!
My Best Buy picks this month include oceanfront and ocean view houses as well as condos in
Anderson Ocean Club, Avista, BAREFOOT RESORT - (Cypress Bend, Edgewater, Harbour Cove, Willow Bend), Bay View, Bay Watch, Beach Club, Breakers Boutique, Breakers Resort, Camelot, Caravelle Resort, Caribbean Resort, Pinnacle/Compass Cove, Coral Beach, Cottages at 7th, Crescent Keyes, Crescent Shores, Dunes Village, Grand Atlantic, Grande Shores, Island Vista, KINGSTON PLANTATION - (Brighton, Margate Tower, Royale Palms), Long Bay Resort, Magnolia Place, Magnolia Pointe, Malibu Pointe, Mar Vista Grande, Monterey Bay, North Beach Towers, North Beach Plantation-Spa Villas, Ocean Blue, Ocean Keyes, Ocean Reef, Oceans One, Paradise Resort, Prince Resort, Roxanne, Sandy Beach, Seaside Inn, Sea Watch, South Wind, The Horizon, The Pointe, Tilghman Beach & Golf and Windy Hill Dunes.
Come see me at the beach!
