Valerie Whiteman, our market expert for the Myrtle Beach Grand Strand, says market conditions are improving now that the buyers are discovering the deals that are out there.

The average sale price on a 3 bedroom 2 bath home is now around $220,000, she says, but many deals can be found both lower and above that range.

And for those looking for Luxury homes in the Myrtle Beach area, the Grande Dunes offers upscale living and affordable luxury.

There is about 7 months average of inventory in any given category, she says, but that just means there is a lot to choose from.

And for those buyers looking for a weekend get-away, prices reflect the 2005 price ranges right now.

Take advantage, Whiteman says, as this market is always cyclical and will come back.

As far as the future goes for this market, Whiteman thinks conditions should stay about the same through the second quarter.

Prices are stabilizing, she says, but some folks still need to make a deal, and there are some foreclosures and short sales out there for the taking.

For more information on this market, contact Valerie Whiteman at:
www.ValerieWhiteman.com.

Click here to view current Market Conditions in your location.

Published: May 26, 2008

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