Grand Strand June 2012 Market Update

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It goes without saying that for resort communities, this is the single best time of year where there are plenty of people, lots of economic activity and a livelihood that is second to none. So this season as the traffic picks up and us locals are already maneuvering around the countless tourists, I could not help but be proud. I am happy to report that more and more investors are choosing our area to pump valuable, economy stimulating dollars into – creating jobs, promoting heightened tourist activity and of course pushing more consumer spending.

How does this impact the locals in terms of our real estate market?

The fact that our locale has been selected by big-time investors to develop and build commercial (and residential) areas speaks volumes. In the video above, I am standing in front of what is a brand new Target store that will bring some 200 employees. Across the street from there is a McDonald’s restaurant that was erected very quickly. Also nearby are other major national chains including a large pet store plus a discount department store. Similarly, there is an expansion project for our local airport – with the anticipation to double the size of the facility. This will most likely be bringing more jobs and of course be pumping more dollars into our economy.

All this activity that has been picking up is mirrored in our Myrtle Beach real estate market. More economic activity means more traffic. More traffic means more people needing places to stay. More jobs means the increased need for housing. And the list goes on.

So as we continue to watch our market thrive despite the disappointing economic outlook in many other markets across the nation, this is a time to reflect. Reflect upon what your real estate goals are and how you see yourself achieving them. This is a fantastic time for homeowners, it is still a great time for prospective homeowners looking to buy a property with the amazingly low interest rates and sellers are having a good time too.
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As always, I welcome the opportunity to provide any assistance, guidance plus knowledge and expertise that may be of use to you. I am always available to you as a resource in our local real estate market and look forward to talking with you!