Greetings from Myrtle Beach,
It's been a busy year and of course I do things other than just write newsletters - sell real estate, etc. As a result, the dates at which I've completed and sent each "monthly" edition have drifted farther and farther into the next month (May newsletter sent in mid-June and so on). To get back on track, this is a combined newsletter for June and July. The monthly reports for both May and June are included. By the way, you may notice that this month's market reports look different. The basic overall content is the same but several of the reports are combined. We hope this doesn't cause too much confusion.
In my last newsletter, I mentioned that June sales activity had picked up after a lackluster spring. My team and I ended up having a great month with 14 sales in June (new contracts) - including 12 oceanfront condos! July sales have been on a strong pace as well with 8 sales in the first two weeks and several other offers in play at this time. My oceanfront condo sales in June and July were in 12 different buildings and included efficiencies, 1BRs, 2BRs, 3BRs and 4BRs. Sale prices were from $58K to $380K. The only real pattern I can discern is that all of the listings were reasonably priced - generally within the range of recent sales for comparable properties - although most of these sales were at prices on the very high ends of the ranges for the subject properties. Also, a number of these condos had unusual features that separated them from other, seemingly comparable, listings.
Ultimately, buyers determine market values - not sellers or listing agents - and buyers these days are very savvy and well-educated as to current market conditions and recent sales histories. As evidenced by my recent sales however, today's buyers are generally willing to pay current market values for solid properties. Few buyers are looking for "steals" any more. Most are focusing on quality and value rather than just the price point. On that note, this month's feature article focuses on a handful of current listings that I feel are great buys although, at first glance, the asking prices don't appear to be unusually low. These condos are exceptionally well-located within their respective buildings or are in some other way rare or unusual. To find out about some excellent current purchase opportunities, what kind of characteristics add value, and why you need to work with an agent who knows and understands the subtle differences between similar properties, check out "Today's Best Buys - Features Can Be More Important Than Price".
My Best Buy picks this month include oceanfront and ocean view houses as well as condos in
Anderson Ocean Club, Avista, BAREFOOT RESORT - (Arbor Trace, Cypress Bend, Dye Townhomes, Edgewater, Greenbriar, Harbour Cove, The Havens, Willow Bend, Yacht Club Villas), Bay View, Bay Watch, Beach Club, Beach Colony, Blue Water Keyes, Breakers Boutique, Breakers Resort, Camelot, Caravelle Resort, Caribbean Resort, Carolinian Beach Resort, Chelsea House, 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, South Hampton), Lauderdale Bay, Long Bay Resort, Magnolia Place, Magnolia Pointe, Malibu Pointe, Mar Vista Grande, Market Common, Monterey Bay, North Beach Towers, North Beach Plantation-Spa Villas, Ocean Bay Club, Ocean Blue, Ocean Keyes, Ocean Reef, Oceans One, Paradise Resort, Prince Resort, Roxanne, Sand Dunes Ph III, Sandy Beach, Seaside Inn, Sea Watch, South Wind, Sunrise Pointe, The Horizon, The Pointe, Tilghman Beach & Golf, Tuscany, Vista Del Mar and Windy Hill Dunes.
Come see me at the beach!