Beach Scoop – July 4th

Once again it is time for us all to tip our hats and give a moment of thanks to our Founding Fathers who have given us what we call “FREEDOM” today. It was exactly 234 years ago that the dotted line on the Declaration of Independence was signed and made official. After we give out thanks, IT’S TIME TO CELEBRATE!!!!! So, pull out the fireworks, fire up the grills, and take the time to enjoy your friends and family.

If you are interested in going out this Fourth of July weekend, Myrtle Beach has so much to offer. Fireworks will be booming all across the Grand Strand this weekend!! Some of the biggest and most magnificent shows will be at Broadway at the Beach, 2nd Avenue Pier, and the Cherry Grove Fishing Pier.

Or you might decide to head on down to the Market Common on Saturday for some fun at the Italian Festival, followed by an outstanding fireworks display!! There will be all sorts of music, crafts, and food to enjoy! Murrells Inlet is hosting the annual 4th of July Boat Parade!!! With over 125 boats, the boat parade is one of the most fun and inexpensive ways to celebrate. There are sure to be tons of food, live entertainment, and much, much more!

The Willis Team, here at SC Beach Real Estate, will be out celebrating on July 4th with friends and family as well, and of course, we will be right back in the office first thing Monday morning hard at work making sure that your next real estate transaction will be smooth!! We would like to take the time to tell you to HAVE A FUN & EXCITING weekend, but most importantly BE SAFE!

Be ready for some great things happening at the beach!

Beach Scoop – Upcoming Events with Brynne

Here is a video by our assistant (Brynne) covering some upcoming events here in Myrtle Beach.

Beach Scoop – School Is Out

This week is the week every child in Myrtle Beach has been looking forward to since the beginning of last September. SCHOOL’S OUT!!!! It’s time to sleep in as late as possible, spend all day at the beach, and stay up watching movies as late as they possibly can!

What better way to kick off the end of the school year than by attending the 2010 Sun Fun Festival. The festivities will take place this Friday and Saturday. There will be plenty to do for everyone in the family. There will be games for the kids and live entertainment for the adults, including a concert Saturday night by Uncle Kracker!

While Myrtle Beach is busy kicking off the summer season, The Willis Team, here at SC Beach Real Estate, is busy finding the right homes for you. We take pride in our commitment to servicing our clients to the best of our abilities. We take the time to make sure that everything meets our client’s needs and expectations perfectly. If you are interested in buying or selling real estate with a real estate team that cares about you, please feel free to contact us! We are waiting for your call!

Be ready for some great things happening at the beach!!

Beach Scoop – April Numbers

It’s that time of year again in Myrtle Beach! Motorcycles are heading out from Bike Week and we are revving up for Memorial Weekend, kids are chasing ice-cream trucks, and beachfront hotels are booking up! Everything is alive in Myrtle Beach!

According to MSNBC, mortgage rates have continued to decline over the past four years. In the past week rates hit their record low of 4.93%! That is down nearly 1% in the past week alone. With sales up and mortgage rates down, the perfect time to buy is now!

Even though the media is constantly reporting that we are in a financial crisis and the housing market is down, Myrtle Beach numbers prove otherwise. We wanted to bring you up to date for April 2010, on Horry and Georgetown County as reported through the CCAR MLS as of May 19, 2010.

SOLD

 

April 2009 April 2010 % of Increase/decrease
Land 29 65 +124.14%
Residential 228 362 +58.77%
Condominiums 225 304 +35.11%

With all residential, condominium, and land sales up, Now Is the Time To Buy! May is the time for new growth and new beginnings. The flowers are blooming and the sun is shining! Numerous festivities are happening all around us! There is always something happening in town! Just as we see a pickup in house sells, we are seeing a pickup in pace!!!

Beach Scoop – March Numbers

The percentage of U.S. home sellers cutting their asking price declined again in March, and home owners made smaller reductions in prices, according to a report by real estate website Zillow.com.

According to the Associated Press, Sales of new homes took the biggest monthly jump in 47 years in March while orders for most large manufactured products rose by the largest amount since the recession started. New home sales rose 27% nationally in March, bouncing off February’s record low the Commerce Department said Friday. We feel that with the weather finally changing from the harsh Winter, we will see a great improvement this Spring/Summer season. We are already seeing a great improvement in our sales here at the Beach as you can see from our March, 2010, Sold activity in Horry and Georgetown County as reported through the CCAR MLS as of April 18, 2010. The tax credit has some impact on our sales but not as much as in other areas of the country. The biggest increase in March was an astounding increase over the same period a year ago. With prices low and interest rates at an all time low, Now is a Great Time to Buy!

SOLD

 

March 2009 March 2010 % of Increase/decrease
Land 43 39 - 9.39%
Residential 276 327 + 18.48%
Condominiums 186 335 + 80.11%

April is the time for new growth and new beginnings. SOS Spring Safari is in full swing!! People are Rocking and Rolling around North Myrtle Beach. Spring , Sunshine and Blue skies are in Myrtle Beach!! Let us know if we can help you with anything here at the Beach! We can be reached seven days a week!

Be ready for some great things happening at the beach!!

Beach Scoop – February Numbers

Fannie Mae Chief Economist Doug Duncan points to evidence that a recovery is on its way, including an increase in consumer spending, an improving service sector, and the likelihood that employers will begin hiring soon.”More favorable financial conditions overall keep us optimistic that we are moving forward with the recovery, albeit at a lower trajectory than previously forecast,” Duncan said in a statement.* What Fannie Mae has stated, and looking at the February numbers you can see Real Estate is looking up in Myrtle Beach!!

We wanted to bring you up to date for February 2010, on what Horry and Georgetown County as reported through the CCAR MLS as of March 18, 2010.

SOLD

 

February 2009 February 2010 % of Increase/decrease
Land 31 37 + 19.35 %
Residential 196 249 + 27.04 %
Condominiums 132 219 + 65.91 %

Spring is in the air, Easter is fast approaching, and there are many special events planned for the family during the Easter weekend! SOS Spring Safari will run from April 16th-25th. With so many great activities planned during this 10 day event including the SOS Parade, you won’t want to miss the fun and excitement!

Be ready for some great things happening at the beach!!

Myrtle Beach Events

To all you movers and shakers out there, did you know that this past week, the 27th National Shag Dance Competitions has been taking place at The Spanish Galleon. This annual event is holding its competition for the first time in its new location in North Myrtle Beach, after the close of its previous home at Studebaker’s Night Club. The competition started at Studebaker’s in 1984 and while many shaggers are going to miss the previous location they are happy to see it move to the north end, where shagging is a daily occurrence. The shag competition is set to wrap up today but don’t worry Shagging on the Strand’s Spring Safari event is right around the corner. Starting April 17th and running through the 27th. This event is deemed the biggest adult party on the east coast. Many events and activities are planned, including “tea parties” in the local lounges that will feature popular bands that play the crowd favorites. Shag dance instructors will be offering classes so those of you who want to learn this popular dance come on out and join in the festivities. Instructors will also be offering lessons to those a little more experienced but wanting to improve their shagging skills. Mark this on the calendars as this event is sure to be a shaggin’ good time!

Canadian-American days are also here. Myrtle Beach will play host to the 49th Annual Canadian-American Days Festival this weekend, March 13th-21st. The festival will include a variety of activities including a series of concerts, sporting events, beach activities and much more.

With all of these festivals and events many people will be traveling to the beach to enjoy all the Grand Stand has to offer. Last month proved to be a good month according to the Commerce Department which reported that consumer sales rose .3% in February. This rise comes in spite of the uncommon winter weather felt by the Southeast. We at SC Beach Real Estate are feeling this upturn in the Economy as well. Real estate showings have been steady and we are keeping busy. We are still in a buyer’s market!!! So if you need to sell, now is a great time to list, if the price is right. It is definitely a great time to purchase.

Don’t forget to set your clocks forward Sunday March 14th at 2:00 am for Daylight Saving Time. While this may be upsetting to some as we are essentially losing an hour of sleep, look at the bright side, we are gaining an hour of daylight! This means beach and bathing suit season is right around the corner and if the past few days of beautiful blue skies and warm weather are any hint of what is to come we are in for a gorgeous summer.

Be ready for some great things happening at the beach!!

Beach Scoop – January Numbers

We are off to a great start for 2010! January has been a busy month, with phone calls and inquiries. Plus, the percentage of mortgages 30 days past due eased from the third quarter to the fourth, a concrete sign of a “beginning of the end” of an unprecedented wave of mortgage delinquencies that began in early 2007, MBA Chief Economist Jay Brinkmann said.

We wanted to bring you up to date for January 2010, on what Horry and Georgetown County as reported through the CCAR MLS as of February 19, 2010.

Sold

Jan 2009 Jan 2010 % of Increase/decrease
Land 18 49 + 172.22%
Residential 170 207 + 21.76%
Condominiums 108 207 + 91.67%
Avg sales price Jan 2008 Jan 2009 Jan 2010 Total % of Decline

Land

$279,968 $188,314 -32.74% $104,640 -44.43% -62.62%
Residential $266,258 $236,708 -11.10% $209,799 -11.37% -21.20%
Condominiums $212,088 $186,992 -11.83% $164,439 -12.06% -22.47%

Total number of transactions

2005 – 18168
2006 – 14839
2007 – 10101
2008 – 6730
2009 – 6735

The numbers show what is going on here at the beach, although the prices are down the number of transactions are up over 2009.

Beach Scoop On Margate Tower

Myrtle Beach has seen many changes this past year. It’s no wonder Margate Tower has been one of the most active Oceanfront Developments on the Grand Strand!! To give you a better understanding of the activity at Margate Tower, we are presenting you with a market analysis according to the CCAR MLS as of February 16, 2010. Below is a graph of the number of units SOLD by quarter for the year 2009.

margate Beach Scoop On Margate TowerAs you can see from this graph, it has been an eventful year for 2009 with the increasing amount of Buyers coming to the Grand Strand; it is looking even better this year!! In 2009, Margate Tower closed 4 Two Bedroom Units, 23 Three Bedroom Units, and 12 Four Bedroom Units. With this trend continuing, NOW is a perfect time to list your condo!

We understand that successful real estate transactions are the product of around-the-clock service; utilization of the latest technology and innovative marketing strategies. Our marketing methods are effective and are designed to target the unique characteristics of Margate Tower.

Beach Scoop On Bay Watch Resort

North Myrtle Beach has seen many changes this past year. It’s no wonder Bay Watch Resort has been one of the most active Oceanfront Developments along the Grand Strand!! To give you a better understanding of the activity at Bay Watch, we are presenting you with a market analysis according to the CCAR/MLS as of February 16, 2010. Below is a graph of the number of units SOLD by quarter for the year 2009 and the 1st half quarter of 2010.

baywatch Beach Scoop On Bay Watch ResortAs you can see from this graph, it has been an eventful year for 2009 and looking even better for this year!! In the last 13 months, Bay Watch closed 30 One Bedroom Units, 21 Two Bedroom Units, and 1 Efficiency Unit. With this trend continuing, NOW is a perfect time to list your condo!

We understand that successful real estate transactions are the product of around-the-clock service; utilization of the latest technology and innovative marketing strategies. Our marketing methods are effective and are designed to target the unique characteristics of Bay Watch Resort. We have one of the strongest Marketing Programs in the area.

Find all your Myrtle Beach Real Estate information here at BeachScoop.com
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