Carolina Forest is the area west of the Intracoastal Waterway between Highway 501 and International Drive. The first communities of Waterford Plantation and Spring Lake were developed in the late 90s, and the area rapidly developed thereafter. It is no wonder that the Carolina Forest area was one of the most hit areas of Myrtle Beach when it came to short sales, as most of the developments were sold out during the Myrtle Beach real estate boom of the mid 2000s. Although the prices have started to go back up recently in the Carolina Forest area, there are still some opportunities to gain instant equity in your home or condo with a short sale purchase. Many have gotten a sour taste in their mouths over the past several years with the process and uncertainties surrounding the purchase of a short sale. The process has gotten better for the most part, and many times short sales are the best way to purchase a property at a great value.
Avalon and Bellegrove were hard hit communities that saw a lot of short sales because many investors purchased in those communities. As expected, ones investment property is the first to go when times get tough. Plantation Lakes is another community on the upper end that noticed a significant amount of short sales. This community saw so many as a community where many purchased to "Keep up with the Jones's". Although the short sale market has slowed some as the prices start to creep back up, there are still some great deals to be had if you have the patience.
Very well maintained 4 bedrooms with office/den & 2.5 bathrooms located on a large lot located in a quiet cul-de-sac in Reserve @ Walkers Woods. The flooring in this home...
Listing courtesy of Century 21 The Harrelson Group , John Lindstrand.
Beautiful Lakefront Lot with 94 feet of unobstructed views. No time limits to build and you can choose your own builder to Build your Dream Home. Wild Wing Plantation boa...
Listing courtesy of RE/MAX Southern Shores NMB , Sandy Sanders.
Provided courtesy of The Coastal Carolinas Association of REALTORS®. Information Deemed Reliable but Not Guaranteed. Copyright 2019 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.