What is the temperature of the Myrtle Beach market?

I get asked this questions a lot. Other forms of the question are "Is Myrtle Beach a buyer's market?" or "Are prices depreciating in Myrtle Beach?"

I would say the Myrtle Beach market is "lukewarm" now. Lukewarm is great for buyers. Buyers who have ever considered purchasing a second home or investment property should seriously consider the Myrtle Beach, SC market now! Sellers, especially of ocean front condos, are offering their condos for sale at lower prices and they are offering great incentives. Incentives include paying for closing costs, buying down your interest rate and paying for the HOA for a specific time. Now is also a great time to buy a property off the beach.

Because Myrtle Beach is a resort town, it will always be a popular place to visit and own real estate. As with all real estate markets, the Myrtle Beach market will experience ups and downs. I believe in the long run, "ups" will outnumber "downs." To be in a position to take advantage of future price appreciation, now is the time to buy!