Myrtle Beach Real Estate by Mirela

Myrtle Beach Condos - Market Activity for the past 3 Months - March 1 - May 30, 2009

 

Active Listings:                       7,165                    100%  Total inventory

Sold:                                           638                       8.90% 

Pending Financing:                  485                       6.77%  of the inventory

Pending Cash Terms:              139                        1.94% 

Contingency Contracts:           48                         0.67%

On Hold:                                     56                         0.78%

We are currently selling 2.97% of our condo inventory per month.  At this rate, it will take almost 2 years and 10 months to deplete our inventory, a full 7 months above the time on the market in the Homes category.

 

Condo Sales - The Cheapest and the Most Expensive Sold in the last 3 months:

The least expensive:  $12,500 for a 450 sq.ft. Bank Owned Oceanfront efficiency (studio) located at M Grand in Myrtle Beach. This unit was fully furnished and lovely and needed minor TLC.  It sold for cash at the end of March.

The most expensive:  $900,000 for a 4.465 sq.ft. brand new Lakefront 4BR/4BA condo at the Reserve at Harbor Club Villas in Pawleys Island.

 

It sure is surprising what your money can buy at the Beach right now, isn't it?

 

Mirela Monte, Your Myrtle Beach Real Estate Connection                 


4 comments • Myrtle Beach Real Estate by Mirela Monte • May 30 2009 02:34PM

Comments

I am posting this to my favorite group- The Optimist Group, not because it fits into our framework, but because this is exactly the kind of blog that typically gets me traction on the Internet.  Having acquired close to 60 clients from posting on Active Rain and Localism, I am trying to get my friends here to adopt the same modus operandi, so you can garner similar results. 

Posted by Mirela Monte, Your Myrtle Beach Real Estate Connection 5 months ago

You mention the M Grande deal, but hasn't that building been SHUT DOWN?

Posted by Pam Guthrie (Seaside Realty Company) 5 months ago

I don't know that "shut down" is the right wordage.  They are having issues...  Either way, I would be glad to spend $12,500 in order to become one of the 90 owners of that valuable spot in the sand...

Posted by Mirela Monte, Your Myrtle Beach Real Estate Connection 5 months ago

Regardless...  I was just reporting the stats here.

Posted by Mirela Monte, Your Myrtle Beach Real Estate Connection 5 months ago

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