Is Now a Good Time to Buy Real Estate in Myrtle Beach SC?
Now is a GREAT time to buy Myrtle Beach Real Estate and see it appreciate in value, to have a place where you and your kids and their spouses can go for a beach vacation, and eventually you can snowbird to or retire to.
The Grand Strand doesn't have a lot of inventory and prices have been going up. Customers looking for Myrtle Beach Condos for Sale are finding that there are only 1767 listings, and with North Myrtle Beach Condos for saleThis is the basic principle of supply and demand. When the supply goes down, prices go up and that is exactly what we have been seeing for months now nationally The issue is the very same with single family homes. Only 4,280 homes are currently showing as active listings on the market and that is for the entire 60 miles of the Grand Strand.
Why is the market so hot? What’s going on? “The alure of the beach and ocean has not gone away and right now it’s more affordable than it has ever has been” Pinkas says. “Many people have been sitting on the sidelines for several years, but with interest rates still hovering at all-time lows, it makes for the perfect time and makes it more affordable than ever before." Low interest rates are only one of the factors that have fueled the market. “The fact the Myrtle Beach Real Estate is less expensive than many other areas on the east coast, make it a real bargain”
People looking for Myrtle Beach Foreclosures, will be surprised to find that there are only 462 bank owned properties available for sale on the entire Grand Strand. Any new listings that are priced aggressively are usually grabbed up in a day or two. “We had a client that was looking at Myrtle Beach Townhouses for sale . They put offers in on three different properties, yet lost out to higher offers from competing bidders on all three properties. We went back to our office and found a townhouse that was in probate. The huge advantage we gave to our client was it wasn't listed in the MLS and it didn't have any bidding competition. You have to work harder and smarter today”
Pinkas says “If it looks like a good deal on-line, expect others to know about as well. You can expect a bidding war”. Customers who are finding the best deals are not searching online, they are making the trip to Myrtle Beach, SC and working directly with real estate experts. The days of low ball offers on bank properties is in the past (two years ago). “Today it’s more important to have a real estate expert working on your behalf, so you can avoid the pitfalls that are common. “
Jerry Pinkas Real Estate Team is your local expert for all your Real Estate needs in the Myrtle Beach Area. This team is dedicated to inform their clients on how to be a pro in the local real estate market and avoid common pitfalls that are costly. If you are looking for Myrtle Beach Real Estate, whether a condo, land, or pre-built home, these experts can help. They give direct access to the most comprehensive MLS Listing Service in the area and lots of tools for both Buyers and Sellers.
Jerry Pinkas Real Estate Experts -
604 N. 27th Ave
Myrtle Beach, SC 29577