Plenty of Myrtle Beach Condos Still Available, But Sales Are Down a Bit

Even though there are quite a bit more units on the market, condo sales dropped during the month of February in Myrtle Beach, also known as the Grand Strand, when comparing it to the same month as last year.

However, at the same time, single family home Myrtle Beach real estate sales were boosted by 28% in comparison.
This market analysis is a sign that real estate sales for the single family home markets are experiencing an increasingly high demand. But due to the overwhelming increase in “condo inventory”, in particular condo conversions, it has caused a slowing in the condominium sales market.

South Carolina properties saw a dip in sales across both homes and condos among several of their coastal markets.

The benefit of the increasing stock of residential properties and vacation homes will assist in making real estate prices more affordable in Myrtle Beach and the Grande Strand area.

Other South Carolina areas saw a huge surge in sales such as Greenville real estate rising a reported 58% from February of 2005.