The summer has come and gone. Many first-time visitors and long-time visitors vacationed in Myrtle Beach this summer. Now that it is almost Fall, what does that mean for your investment property? You will notice smaller income checks from your rental management company. The good news is people still visit Myrtle Beach in the Fall and Winter months. Swimsuits are traded in for golf clubs, then golf clubs are traded in for tickets to one of the shows.
If you have a property currently listed at this time, I'm sure you are wondering if there is a chance it will sell in the last part of the year. While I can't guarantee anything, I can share my experiences with the real estate market in the "slow winter months." I have found that the Fall and Winter is just as busy, if not busier, than the Spring and Summer. In the last quarter of last year, I was more busy with closings and sales than I was during the Spring and Summer.
Remember, real estate is localized. Keep that in mind when you read or hear reports that paint the real estate market with a broad brush. Also keep in mind that Myrtle Beach is still a "cheaper buy" than other East Coast markets.
If you have questions about Myrtle Beach and the market here, please give me a call. I can be reached directly at (843) 267-2710 or by email at Kathy@KathyRukat.com.
