Professional, Courteous Service / 28 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
Last month's newsletter was loaded with lots of charts, data and analyses. I'll keep it light this month and touch on a few recent press releases.
In a development which will limit oceanfront construction in the future, a bill was passed in the South Carolina legislature which closes a loophole in state law that has allowed new construction closer to the ocean where re-nourishment projects have temporarily widened the beach (resulting in the official "setback line" being moved seaward). This action is considered a significant, long-term step to prevent construction further out on the beach at a time of rising sea levels. For more details, "Rising seas put brakes on developers expanding to ocean".
More than 17 million visitors have flocked to Myrtle Beach annually since 2014 but the Myrtle Beach Area Chamber of Commerce says the local tourism industry has the capacity to handle 20 million visitors and it plans to reach that goal in the next few years by marketing the Grand Strand as a year-round destination. For more details, "Officials aim to lure 20M tourists to MB annually".
And finally, the Sun Fun Festival is back this weekend after a five-year hiatus. This event, designed in 1951 to attract tourists to the area on an otherwise slow weekend, was suspended in 2012 because officials said it was not bringing in visitors as it had in its early years and was not generating enough revenue to cover expenses. This weekend's activities include a parade, performances by the US Army Golden Knights parachute team, live music, and a series of competitive beach games. For more details, "Sun Fun Festival returns to MB after 5-year hiatus". Incidentally, the following June weekends should be busy with the Salt Games and the huge Carolina Country Music Festival on tap.
That's it for now. All the usual reports are included as well as this month's Best Buys.
Come see me at the beach!
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.
This monthly newsletter feature shares press releases that caught my eye in the previous month. Here they are. (These articles are on my website under "News/Useful Info").
Best Buys (My Picks)
The following current listings are exceptionally well-priced and represent great values. The spreadsheets are sorted by price. These are live links to listing details and they will change according to changes in the MLS (Pending, Sold, etc.). The listing details are in the same order as the spreadsheets. Please call me directly if you find something of interest to you.
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
The material provided is for informational and educational purposes only and sometimes contains current or forward-looking statements on real estate market conditions, and should not be construed as legal, investment and/or real estate advice. Although the material is deemed to be accurate and reliable, we do not make any representations as to its accuracy or completeness and as a result, there is no guarantee it is without errors, and is not necessarily the opinion of RE/MAX Southern Shores or its agents.