Myrtle Beach Real Estate Market

As we begin 2007 we wanted to give you an outlook of the Myrtle Beach real estate market. You can read something different everyday in the newspaper about real estate. Fortunately, we are reading some of the most positive comments today than we have in the past year. We feel that the major changes in our market are primarily due to the investors purchasing property, and then selling their purchases at a profit. The investor’s purchases have increased the development of new property trying to keep up with the demand.

Now that there is such a wide variety of property and condos available, we are beginning to see lower prices. There is still property available in Horry County that is priced significantly lower than the 2005 average highs.

We believe that an improvement will continue to be seen throughout 2007. The one thing that people from other parts of the country realize is that our prices are considerably lower than other resort areas. In 2006, the average prices of homes, land, and condos across the board in Horry County have seen an increase over 2005. However, the duration on the MLS has exceeded the previous year, primarily with oceanfront condos.

This is an exciting time of growth in Myrtle Beach that will promote sales of real estate. We have a new Hard Rock theme park with a cost of over $400,000,000 being built, we anticipate a new airport terminal to be built that will double the number of gates, the Main Street connector in North Myrtle Beach will be completed in early 2008, the groundbreaking for a new Coastal Carolina University Arena will transpire in the early part of 2007, the Market Commons on the old Air Force base is being developed, and yet to be announced developments at the former Myrtle Square Mall and the Pavilion Amusement Park.

As you can undeniably see, we are passionate about the future of Myrtle Beach real estate and 2007!! The Willis Team offers you 4 Myrtle Beach Real Estate Professionals dedicated to honest advice and round-the-clock service. If you are interested in selling Myrtle Beach homes or property or know of someone interested in buying or selling real estate in Myrtle Beach please let us know. If you have any questions or concerns please contact The Willis Team today or visit http://www.SCBeachRealEstate.com.

For information on contact the Willis Team of Coldwell Banker Chicora at 877-559-1755 or visit us at http://www.SCBeachRealEstate.com .