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The North Myrtle Beach Market Report for February 2013

Saturday, April 6th, 2013

The North Myrtle Beach Market Report provides month to month and year to date comparisons for the single family and condo transactions in the North Myrtle Beach market.

CLICK HERE for The North Myrtle Beach Market Report for February 2013

The Hoffman Group is pleased to share these statistical reports to help you better understand the current economic condition of the real estate market in Myrtle Beach, SC and surrounding areas. Distributed monthly by the Coastal Carolina Association of Realtors Multiple Listing Service, the data is deemed reliable but not guaranteed. You should always discuss such data with a trusted REALTOR before making any purchase decisions.

CALL US TODAY AT 1-877-671-5024 to speak with a REALTOR® sales associate and begin the search for the property that is best suited to your purchase needs.

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Capitalize on the Growing Myrtle Beach Housing Market

Sunday, March 24th, 2013

Now is the time to make a move – for buyers and sellers alike. The housing market is showing signs of a tepid economic recovery with housing prices showing improvement in many places across the country and mortgage rates continuing to remain near historic lows. How long will this continue? Nobody knows for sure.

If you’ve been tossing around the idea of selling your home or purchasing a primary or second home in the Myrtle Beach area, you’ve found yourself at an optimum time. Following are two factors to consider to determine if this is the right time for you to take advantage of the Myrtle Beach housing market.

1. Timing

The trends over the last several months indicate an increase in residential and condo prices. This is due in part to supply and demand. When supply shrinks, demand tends to rise and thus prices increase. Grand Strand condo inventory trends have shown a steady decline from June 2010 when there were 5,765 listings on the market to February of 2013 where there are only 4,143 listings. Also a help to increased prices has been the decline in distressed condo inventory which has fallen by 39% since August 2010. The trends thus point toward a rise in condo prices which is currently what the market is experiencing.

In regards to the Grand Strand residential inventory, there has not been as dramatic of a drop in inventory levels. The biggest decline though has been the drop in distressed residential listings where there has been a 30% decline over the last two years.

If these inventory trends continue, demand for both Grand Strand condo and residential properties should rise, which will also mean higher prices.

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Come see The Cottages at Seventh furnished models!

Sunday, March 17th, 2013

Beyond the twin entrance gates at 7th Avenue South in North Myrtle Beach, the developer has created an Islands-inspired “oasis” that promises to provide everything you desire in your beach home lifestyle.

The two or three bedroom beach cottage floor plans, named after popular South Carolina islands, are available in either a 2-story townhouse style or a 1-level plan. Each cottage also features a golf cart garage, fully-equipped kitchen, and multiple upgrade options.

The varying hip or gable lines of the glistening metal roof and the tropical colors of the HardiPlank siding on the four and five-plex buildings contribute a low-key, easy-living environment. In addition, street names and community areas play on the famous nightlife scene of the Main Street clubs in North Myrtle Beach’s Ocean Drive section.

The 7th Avenue South location provides centralized access to both North Myrtle Beach and Myrtle Beach. Across from the main US Post Office on a residential non-through street, the site is an easy golf cart ride to the beach and convenient to shopping, restaurants, family amusements, theatres, and all the other attractions the area is famous for.

Learn More About The Cottages at Seventh

The North Myrtle Beach Market Report for January 2013

Sunday, March 3rd, 2013

The North Myrtle Beach Market Report provides month to month and year to date comparisons for the single family and condo transactions in the North Myrtle Beach market.

CLICK HERE for The North Myrtle Beach Market Report for January 2013

The Hoffman Group is pleased to share these statistical reports to help you better understand the current economic condition of the real estate market in Myrtle Beach, SC and surrounding areas. Distributed monthly by the Coastal Carolina Association of Realtors Multiple Listing Service, the data is deemed reliable but not guaranteed. You should always discuss such data with a trusted REALTOR before making any purchase decisions.

CALL US TODAY AT 1-877-671-5024 to speak with a REALTOR® sales associate and begin the search for the property that is best suited to your purchase needs.

Adobe Acrobat may be required to view this file.
It is a free tool that allows you to view PDF documents online or offline.

How to Know If A House or Condo is Right for You

Saturday, February 23rd, 2013

House hunting can often times turn into a stressful affair. One of the keys to successfully finding a new home, though, resides in the ability to be confident and know when a house or condo is the right fit for you.

Here are a few things to think about to help determine the best home for you:

1. Is this property located in your ideal neighborhood?

Finding a great property located in an area you find lacking in many criteria not only contributes to a decreasing property value but will leave you feeling unfulfilled with your purchase. Luckily, Myrtle Beach has been rated in the Travel Channel’s Top 10 Vacation Spots, as well as a top area for projected growth in the next few years, and is just one of the many great areas located throughout the Grand Strand.

It’s smart to pick two or three areas you really like and start your search from there. Consider these questions to help you narrow your search for best location. Do you like walking to your local coffee shop or is finding a nice, quiet street at the top of your list? Is being on the beach important to you? Do you like neighbors close by or do you want extra room to spread out? These questions help you narrow your search to the location that will make you happy with your home purchase.

2. Does it have your top criteria items?

If you’re not the picky type or aren’t one to be detail-centric, your search for a new home is the one time that you should be picky and aware of the key details regarding your potential purchase. Don’t settle on a property that doesn’t have everything you need to make you happy. You are the only one that knows the things that are necessary in your new place as well as the items that you can do without.

Knowing the importance of each item on your list of top criteria for your new home will help you to choose between two different properties should you find yourself in this situation. If your favorite place in your hunt isn’t available or isn’t an option, your criteria should help point you to your next favorite property with confidence.

3. Can you imagine yourself living there?

Seeing the property, the price, and the surrounding neighborhood is one thing, but actually imagining you and/or your family living there is something completely different. Picture yourself living in a prospective new home before you make the big decision on whether to buy or not.

When you find that house that’s clearly “the one”, be ready to act decisively and put in your offer.

If you are in the market to purchase a new vacation condo or property, we would be glad to help you. Be sure to grab our free whitepaper, Myrtle Beach Real Estate: 5 Things You Should Know, for insight and information on purchasing a property in the Myrtle Beach and Grand Strand area.

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