I’m a big believer in the future of Myrtle Beach and the value of real estate. I’ve been very active personally, buying and selling 5 area condos in the past 2 years. I’m also committed to buying 4 more which are currently under construction. My reasons for buying and selling are probably very different than those of a true second home buyer, a relocating homeowner, or someone retiring in our area, but having my own money on the line has forced me to try to analyze the market forces at play and hopefully this will be of use to anyone buying or selling for any reason.

First of all, the future of Myrtle Beach has never looked better. Growth is multidimensional and it’s accelerating. A long list of positive factors is included later in this newsletter. Despite this, our real estate market, particularly for condominiums, has recently been “soft”, as it has throughout most of the country. It’s currently a Buyer’s Market, meaning of course that buyers are able to purchase properties for less than in a normal market. This is the time you should be buying rather than waiting for prices to go up in the next boom!

Incidentally, if you already own in our area, there may be reasons to sell now as well, as noted later in this letter. This won’t last forever! Sales activity has already increased dramatically over the last few months.