Myrtle Beach Real Estate

It is October and the fall season is here. The area has gone into Auction mania. Saturday was a sad day for many when the properties that came up to auction could not even get a bid, yet there are a few other companies still planning on an auction. We will see if that is the way to go. It does not look like it is. We have too much going on here in Myrtle Beach to not know that the market will come back. It will just take a little time to even out. Construction is going well on several of the new features around town, such as the new Hard Rock Theme park, and Ruth Chris Steakhouse. This is why we believe that the Myrtle Beach turn around is just around the corner.

As we begin 2007 we wanted to give you an outlook of the Myrtle Beach real estate market. You can read something different everyday in the newspaper about real estate. Fortunately, we are reading some of the most positive comments today than we have in the past year. We feel that the major changes in our market are primarily due to the investors purchasing property, and then selling their purchases at a profit. The investor's purchases have increased the development of new property trying to keep up with the demand.

Now that there is such a wide variety of property and condos available, we are beginning to see lower prices. There is still property available in Horry County that is priced significantly lower than the 2005 average highs.

We believe that an improvement will continue to be seen throughout 2007. The one thing that people from other parts of the country realize is that our prices are considerably lower than other resort areas. In 2006, the average prices of homes, land, and condos across the board in Horry County have seen an increase over 2005. However, the duration on the MLS has exceeded the previous year, primarily with oceanfront condos.

This is an exciting time of growth in Myrtle Beach that will promote sales of real estate. We have a new Hard Rock theme park with a cost of over $400,000,000 being built, we anticipate a new airport terminal to be built that will double the number of gates, the Main Street connector in North Myrtle Beach will be completed in early 2008, the groundbreaking for a new Coastal Carolina University Arena will transpire in the early part of 2007, the Market Commons on the old Air Force base is being developed, and yet to be announced developments at the former Myrtle Square Mall and the Pavilion Amusement Park.

As you can undeniably see, we are passionate about the future of Myrtle Beach real estate and 2007!! The Willis Team offers you 4 Myrtle Beach Real Estate Professionals dedicated to honest advice and round-the-clock service. If you are interested in selling Myrtle Beach homes or property or know of someone interested in buying or selling real estate in Myrtle Beach please let us know. If you have any questions or concerns please contact The Willis Team today or visit http://www.SCBeachRealEstate.com.

For information on contact the Willis Team of Coldwell Banker Chicora at 877-559-1755 or visit us at http://www.SCBeachRealEstate.com .

We are now going to be able to provide our services to those in the Myrtle Beach commercial real estat market. We have had many of our clients start to transition into Commercial property, but haven't been able to get the same service as with residential property. Effective as of February 2007, Larry Willis of the Willis Team will be able to work with clients that have an interest in Commercial real estate in Myrtle Beach. This is a big step, but one that we know we must take in order to continue to keep our clients happy. So, if you or someone you know is interested in Myrtle Beach commercial real estate or commercial property, please feel free to contact us. Also, we will continue to work with residential real estate in Myrtle Beach as well. For all of your Myrtle Beach real estate needs please feel free to contact us at 877-559-1755 or send us a comment.