Carolina Forest is the area of Myrtle Beach just west of Highway 31 off of Highway 501. The area was booming during the real estate market hike of the mid 2000s, and was the quickest growing community in Myrtle Beach's history. The crash of the real estate market happened near the end of 2006, and prices now in the Carolina Forest area are 60 cents on the dollar from what they were. This market crash mixed with the creative financing that many of the homeowners took advantage of has caused many of the homes and condos to come back on the real estate market at bank owned properties "Foreclosures".
Foreclosures in Carolina Forest don't last long in today's real estate market. Bidding wars are common place on the properties in some of Carolina Forest's most desired neighborhoods. Even with the many options available with homeowners, many of the properties still end up bank owned. For those homeowners searching for pre-foreclosures options, Beach Realty Group Realtors are well versed on assisting distressed homeowners in completing a short sale. Carolina Forest has many short sales that buyers searching for a deal can also view. Whether you are searching for a foreclosure or short sale in the Carolina Forest area, call Beach Realty Group at843-267-4627.
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Listing courtesy of JTE Real Estate , Jason Ellis.
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Listing courtesy of Ocean Breeze Properties, LLC , Lori Reid.
Provided courtesy of The Coastal Carolinas Association of REALTORS®. Information Deemed Reliable but Not Guaranteed. Copyright 2020 of the Coastal Carolinas Association of REALTORS® MLS. All rights reserved. Information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.