Myrtle Beach, SC single family and condo/townhome sales are strong! Single family homes and condo sales are up 30% and 33% versus 2009 and up 14% and 14% versus 2008. Lower prices are the key to all the activity in the real estate market in Myrtle Beach. The year to date median sales price for single family homes is $180K and for condos, the median sales price is $121K.

Myrtle Beach foreclosure inventory decreased from May which is also attributed to the lower prices. The percent of distressed/foreclosure or short sales remains steady at 30%.

Myrtle Beach Active Real Estate Inventory:

Single Family Residential 4,495

Condo/Townhomes          5,238

Closed Sales- Single Family Residential: 281 in June 2009(avg. price $264,165) VERSUS 413 in June 2010(avg. price $247,474)

Closed Sales- Condos:282 in June 2009(avg. price $166,811) VERSUS 298 in June 2010(avg. price $145,624)

The market is strong and with lower prices, buyers are taking advantage and purchasing primary homes,2nd homes, and investment properties. Myrtle Beach’s low taxes and low prices are very attractive for retirees from the North looking to escape harsh winters and taxes and even half backs from Florida looking to escape higher taxes and hurricanes. Myrtle Beach market is hot, hot, hot!!! View foreclosure properties at www.myrtlebeachrealestatetoday.com/ to find the perfect home for you!

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Luxury Oceanfront Condos - Myrtle Beach, SC

Luxury oceanfront condos in Myrtle Beach, SC are selling.  One of Myrtle Beach’s most desirable buildings, Island Vista, located in the Golden Mile and among residential homes in the millions Currently there are 26 units listed for sale at Island Vista:
-4 One Bedroom Oceanfront Units
-9 Two Bedroom Oceanfront Units
-7 Three Bedroom Oceanfront Units
-6 Four Bedroom Oceanfront Units
Over the past month, one 3 bedroom unit has sold. Currently, a three bedroom unit is Under Contract.
Island Vista is a great buy for investors because the building is newer and the 3 bedroom unit averages approximately $50,000 a year gross rental income. Island Vista hasn’t had any foreclosures in the building… that is strong! Buyers love this building for it’s great rental history and if you are buying now, you can get a 3 bedroom that would have previously cost over $800,000 in the $400,000’s. Great time to make your dreams come true and own at Island Vista - one of Myrtle Beach’s premiere luxury resorts. To view more oceanfront condos for sale, visit  Myrtle Beach Condos online.

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Myrtle Beach Real Estate- JUST LISTED

Myrtle Beach’s MOST Luxurious PENTHOUSE end unit located in the prestigious Golden Mile -the finest in Myrtle Beach real estate. Interior features tray ceilings; tile kitchen,baths, & foyer, granite countertops in kitchen & bath. Master suite with door to large balcony also has a separate jacuzzi tub & shower & double vanity to pamper yourself. Large kitchen open to dining & living areas with spectacular ocean views. Oversized balcony is hard to find like this! Each bedroom has it’s own private bath & tv. Full size washer &dryer. Everything you need to enjoy the beautiful ocean- exquisite onsite restaurant, full-size veranda; 3 indoor & outdoor pools & jacuzzis; tiki deck & bar;tanning lawn; fitness center; & a beautiful inviting lobby area. Enjoy the finest- location; amenities; decor; & view… FABULOUS BUILDING YOU WILL LOVE!!!!

Myrtle Beach’s Island Vista has the best rentals, and families keep coming year after year to enjoy the indoor and outdoor pools; tiki bar; & luxurious rooms.  The average rental income for a 3 bedroom oceanfront in Myrtle Beach’s Island Vista is $50,000 a year…. aside from the beauty, this is another reason to put your feet in the sand at Island Vista in Myrtle Beach, SC. Search for thousands of properties in Myrtle Beach, SC -where the beach  & golf can be a lifestyle!!!!

Myrtle Beach Real Estate-Island Vista

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Grande Dunes Marina Inn locted in Myrtle Beach, SC overlooking the Intracoastal Waterway has been named one of the top 5 hotels on tripadvisor.com in the area. Marina Inn has many fine amenities nearby such as an onsite restaurant, bar, large banquet facilities, a marina, Anchor Inn- cafe on the waterway where you can dock your boat and grab some lunch or dinner. This is one of my favorite stops during the summer when out on the boat.

Marina Inn has a beautiful entrance and a large sitting area near the fireplace overlooking the waterway.  With the low prices, foreclosures, and interest rate between 5 and 5.5%, now is the perfect time to own your own little slice of this pie in Myrtle Beach!!! Prices are now 5o cents on the dollar compared when they were built- being ranked #1 will surely help increase the rental income BUT also provide a beautiful, spacious condo in a golfer and boater’s paradise. You can view all foreclosures at the Grande Dunes and Marina Inn by visiting Myrtle Beach Foreclosures for Sale.

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Of the 154 Sold condos, 30 were oceanfront. August 2009 was also the beginning month for closing on the fabulous North Beach Towers where owners are now enjoying the finest living in Myrtle Beach. Properties are back to 2002 prices AND investors, first-time buyers, & those seeking a second home are taking advantage of these great, low prices!
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