Thursday, November 29, 2012

Myrtle Beach Home Prices on the Rise?

Owners of Myrtle Beach real estate have been asking what home prices have been doing most recently. The good news is that home prices in the Grand Strand have seen some increases. Not only have we seen the available inventory shrink to multi-year lows but we have seen a gradual increase in some pockets of the market.

Prices of Myrtle Beach homes for sale have increased in some areas, giving the owners a sense of confidence that they will be able to get their property sold. The same is happening in the condo market where we are seeing less inventory coming onto the market. With less foreclosures and short sales being listed for sale, traditional owners are able to sell their properties at a price a bit higher than before.

Though this report comes with a breathe of fresh air, it is important to understand that a full recovery could be years away. The best news I can deliver is that the falling prices have stopped at this time and we do not see any reason why it would start again.

Let us know if you would like to see how the changing prices could impact your property. We have been working the real estate market of Myrtle Beach and North Myrtle Beach for years and would be more than happy to show you what is taking place at this time.

*From Greg - presently in Mexico on top of a volcano for Easter Seals!
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