Myrtle Beach Luxury Homes and Condos

Myrtle Beach Luxury Homes and Condos

Myrtle Beach Living reports that while there are 65 homes listed in Myrtle Beach for over $1,000,000 the number of condos for sale for less than $100,000 is fading fast. $100,000 does not buy much. Good quality rental units typically trade for $250,000 or more.

This past Friday, I met with Jim Springs of Century 21--Broadhurst Reality. His multiple listing sheets showed that around 150 units have been sold in the Kingston Plantation area in the past 3 months and only 30 are currently listed!

Boomers and Echo-Boomers are buying homes. To build more ocean front condos, older buildings will need to be torn down. Prices must rise to meet the demand.