CertifaxAppraisals.com: Myrtle Beach Area Third Quarter Building Permits Surge; Active Listings Down

Oct. 8, 2012 - PRLog -- Myrtle Beach, SC -- Kay Van Hoesen, founder of Myrtle Beach real estate consulting firm Certifax Appraisals, published new data on Sunday further confirming a Myrtle Beach-area and Grand Strand real estate market that is in recovery.

Just-released Horry County records show third-quarter 2012 residential new construction building permits surged 70% over the same time-frame in 2011.

For the month of September, permits were up 76%. In August 2012, permits were up 89% over 2011. In July 2012, residential new construction building permits increased 44% over July 2011.

While it’s too early to get an accurate count of closed sales in September, we can compare active listings of both single family homes and condominiums. On September 30, 2012, MLS had a combined total of 9,907 single family and condo active listings compared to 10,694 in the same month last year, representing a 7% decline in year-over-year active listings.

Between August 31, 2012 and September 30, 2012, active listings declined by 1% from 10,025 in August to 9,907 in September.

As of September 30, 2012, active listings are down 2% from July 31, 2012, when the combined total was 10,096.

"This data supports the conclusion reached last month that the overall market bottom has been reached, and prices in several local neighborhoods have been inching up," said Van Hoesen.
http://www.certifaxappraisals.com/myrtle-beach-real-estate-recovery-four-indicators-say-buy-now/

For more details on the Myrtle Beach and Grand Strand real estate market, contact Kay Van Hoesen at http://www.certifaxappraisals.com/.