The Willis Journal - Information on Real Estate Sales and Real Estate for Sale

MYRTLE BEACH REAL ESTATE ANALYSIS

Myrtle Beach Real Estate Market

What is going on in the Myrtle Beach Real Estate Market?

According to the US census Bureau, Myrtle Beach ranked fourth for 2005 -2006; that is a 21 % population growth since 2000. According to the Sun News, the boom is not going to stop anytime soon, due to the area’s geography, weather, quality of life and supply of baby boomers.

Bizjournal reported we are the 47th top retirement location in the USA
Golf Magazine has named Myrtle Beach as the # 1 Golf destination in the US
Yahoo Travel has named Myrtle Beach as the best Beach in the World
Travel Channel has named Myrtle Beach as one of the Top 10 American Beaches
The Hard Rock Theme Park is opening in April 2008
Ruth Chris Steak House coming in 2008

We have had, and are still seeing tremendous growth; one of our clients recently said that Myrtle Beach is like Las Vegas without the gambling. Sluggish sales that hit the US, have affected Myrtle Beach. They said 2006 was a slow year in Real Estate, but according to the analysis that we just completed, 2007 is starting off even slower. It is for this reason that we have started researching ways to help sell your property in a shorter period of time. We won’t accept a slower market to mean no sales. The Willis Team is active during this slow time; you will always find one of us in the office. We have found that people from Florida were #1 in buying property in South Carolina, so we began a marketing campaign directed towards Floridians. Our goal is to be marketing internationally by the end of the year. It is a slow process, but we are actively seeking ways to accomplish this. We know that the Multiple Listing Service (MLS) is helpful, but it takes more than that to sell in our market. We will continue to update you on what is going on in your community, and if you have any questions or concerns let us know.

January 01, 2006 - April 16, 2006 SOLD UNITS

Residential                 1634
Land                               667
Condominiums         1989

January 01, 2007 -   April 16, 2007 SOLD UNITS

Residential                 1228      24.85% drop
Land                               340      49.03% drop
Condominiums         1057      46.86% drop

We hope that this information is helpful to you.
Thank You.

The Willis Team

The Willis Journal is a real estate sales analysis journal for Myrtle Beach real estate. The Willis Team Professionals have created this information to help our viewers to better understand what is currently going on in the real estate market. You will see that we also have created an analysis for some communities within the Myrtle Beach, South Carolina and will soon be adding more real estate sales analysis.

Myrtle Beach Real Estate Market