Wednesday, March 19, 2008
Time to buy that vacation home in Myrtle Beach ?
Many people made a lot of money in 2005 flipping an oceanfront condo the very early days of the rush. Prices of real estate along Myrtle Beach's sandy coastline nearly doubled at that time. Today, may not be good time to "flip" a property. But a long term investor can do pretty well now. Now is it's good news for buyers and investors who waited.
Although Myrtle Beach South Carolina never did have a "bubble", per se, Real estate pricing came back to reality. A 2 bedroom condo that was originally $70,000 in 2005, and had jumped to $130-$150,000 in 2006, have now leveled off to $110,000 - $120,000. Many of the oceanfront condos that had climbed over a half-million are back into the $300's now. Looks like a great time to purchase if you are along term investor.
Some investors choose to use their condo as a vacation rental. Looking for Myrtle Beach condo sales, or Myrtle Beach condos for sale ? Have you ever wondered who owns the beach property you've enjoyed during your vacation? Many oceanfront condo rentals in Myrtle Beach are all privately owned by people just like you. These owners are using rental income to help pay for their place on the beach. And the priceless part is, when it is time for their vacations . . . they have their own place at the beach!
Are your ready for your place at the beach?
Contact the Myrtle Beach Condo Pro for your vacation condo needs. We specialize in oceanfront condos & homes in Myrtle Beach.
Although Myrtle Beach South Carolina never did have a "bubble", per se, Real estate pricing came back to reality. A 2 bedroom condo that was originally $70,000 in 2005, and had jumped to $130-$150,000 in 2006, have now leveled off to $110,000 - $120,000. Many of the oceanfront condos that had climbed over a half-million are back into the $300's now. Looks like a great time to purchase if you are along term investor.
Some investors choose to use their condo as a vacation rental. Looking for Myrtle Beach condo sales, or Myrtle Beach condos for sale ? Have you ever wondered who owns the beach property you've enjoyed during your vacation? Many oceanfront condo rentals in Myrtle Beach are all privately owned by people just like you. These owners are using rental income to help pay for their place on the beach. And the priceless part is, when it is time for their vacations . . . they have their own place at the beach!
Are your ready for your place at the beach?
Contact the Myrtle Beach Condo Pro for your vacation condo needs. We specialize in oceanfront condos & homes in Myrtle Beach.
Labels: Myrtle Beach Condo, Myrtle Beach Condo for sale, Myrtle Beach Condo Sales, Oceanfront Condo Rentals in Myrtle Beach
