Thursday, May 05, 2005

The Sun News | 05/05/2005 | Demand squeezes home market

Myrtle Beach condo sales dropped 27% in April. No, this is not the end of the boom. The numbers dropped because the supply is gone!

The few available condos sold quickly. The number of days on the market dropped to 32! To appreciate what an incredible number this is you must know that it is hard to get a law office to close a deal in 30 days. In other words, many of the closings were cash deals that could be done quickly.

he average condo price went up 30% over last year. Millions of baby boomers are looking to buy a second home. Myrtle is the most searched for second home site in the world. Happy days are here again!

Full Disclosure: My wife and I are selling our resort condo rental business to retire. If you want to own 100% or 10% of a vacation home you should give us a call.