Way to go Myrtle Beach real estate market. Values of 2012 were up 3% from the values of 2011 across the board. The number of short sales in the Myrtle Beach area are dwindling and new homes sales in Myrtle Beach are on the rise. Many of the new home popular neighborhoods are the communities near Market Common, Cameron Village, Prince Creek homes and Carolina Forest new home communities. For the resale market, the demand is high and the supply is extremely low. As of today there are only 11 homes on the market in Avalon at Carolina Forest and 17 homes on the market in The Farm at Carolina Forest. These numbers are less than 1/3 of the properties that were on the market in these two communities in the 2007 and 2008. The market is on the way back and the national media is now starting to recognize it as well.
Emmen's Preserve at Market Common closed over 120 homes in 2012, and now the communities of Cresswind and Reserve at Market Common have just started to take shape in the Market Common area. Land costs are down and are leaving opportunities open for many of the nation's largest developers to act on building opportunities. Many local builders and custom home builders are also building at almost record pace in many other neighborhoods like Cypress River Plantation and Plantation Lakes. Myrtle Beach is still a top Southeastern tourists destination with over 14 million tourist per year. People are buying second homes and relocating to Myrtle Beach, and there will become a time soon that many will say, "I wish I would have purchased that property". If you are considering a purchase in Myrtle Beach, you are not alone. We at Beach Realty Group receive over 600 buyer request for Myrtle Beach real estate information each month. For more information on homes, condos or vacant land in Myrtle Beach call Beach Realty Group at 843-267-4627.