Greetings from the Grand Strand!
This will be another combined newsletter - June and July. No gaps in the info, however - all the usual reports are included for both months.
There are still lots of people in town although the "intensity level" seems lower now than in the spring and early summer. Sales activity has been similar. I'm receiving lots of inquiries from prospective buyers but there seems to be some hesitancy and a lack of urgency, particularly among the investor and second home buyers. Of course, my seasonal stats from recent years have shown a decrease in sales activity in August followed by an uptick in the fall (See chart below - Oceanfront Condo Sales (Contract Date)). Let's hope the summer tire-kickers become the fall buyers.
There's a great deal of action in commercial construction and sales as well.
In fact, if all goes as planned, we will see the first new oceanfront towers in several years beginning construction this fall with anticipated 2018 completion dates.
Please note that these are true hotels - not condominium towers
. In other words, there will be no individual condos for sale
. Still, it's a good sign that there are developers who believe that the oceanfront rental demand is strong
enough to justify spending tens of millions of dollars to build new towers. For more details, "Two High-Rise Hotels Coming to MB"
A valuable service we have provided to our clients in recent years is our list of Sales Histories - details on all closed sales since 2009 for dozens of developments. Normally, we add the previous year's sales during February, after the last of the previous year's sales are all fully recorded in MLS. For various reasons, the addition of the 2015 sales histories was delayed. Please accept my apologies for this. The 2015 sales histories are now available. We also added 27 additional developments and included the sales back to 2009 for these as well. There are now a total of 85 developments included. Here is a link to an example of what each sales history list looks like for each year.
Anderson Ocean Club 2015
Below is a list of all the developments for which sales history's are currently available (2009-2015).
We have compiled these sales histories for EACH of these developments for EACH of these years back to 2009. This is a HUGE amount of useful information. To access all the sales histories, click on the following link, or go to Sales History on any of our websites, or visit:
FYI, we may add more developments in the future. Also we can provide this same info for any development for any year upon request.
In a story which does not involve real estate but which is near and dear to the hearts of Grand Strand residents, in June the Coastal Carolina University (CCU) baseball team (the fighting Chanticleers) went to the College World Series in Omaha, Nebraska and won the National Championship. This wasn't just the championship for Division II or for small colleges - it was THE National Championship - for all universities including Division I. They had to beat number one ranked Florida and a host of other top 10 ranked teams to win.
Although this made national headlines as a "Cinderella" story, numerous sportswriters, opposing coaches and true followers of college baseball were not surprised that this school with less than 10,000 students (but growing rapidly) was able to win out over all the so-called national powerhouses. The reason is that CCU is a baseball powerhouse too and has been one for almost 2 decades. CCU has an extremely strong athletic program across the board with nationally ranked teams in several sports every year. In fact, one notable alumnus who played on the golf team a few years ago has had a pretty good year - Dustin Johnson.
There were dozens of local and national articles written about the championship run. Great publicity for the university and our area!
I only included one article in my Press Releases (below) but you can Google dozens more. "CC Chants Win National Championship".
That's it for now. Check out this month's Best Buys.
Come see me at the beach!