Myrtle Beach Real Estate

Myrtle Beach Area Condos

3^rd Quarter Sales Comparison between 2007 and 2008

2008:                                                             2007:

Market Overall:

Active: 7,412                                       Active: 9,290

Sold: 694                                            Sold: 942

% Sold: 9.36%                                     % Sold: 10.14%

Absorption Rate:

2 years 8 months                                 2 years 5.5 months

Price Range:

$1,000,000-$45,000                             $2,750,000-$39,900

Myrtle Beach Proper:

Active: 3,097                                      Active: 4,108

Sold: 235 Sold: 316

% Sold: 7.59%                                    % Sold: 7.69%

Absorption Rate:

3 years 3.5 months                              3 years 3.5 months

Price Range:

$1,000,000-$48,500                             $2,200,000-$63,000

North Myrtle Beach:

Active: 1,273                                      Active: 1,662

Sold: 119                                            Sold: 112

% Sold: 9.35% %                                 Sold: 6.74%

Absorption Rate:

2 years 8 months                                 3 years 8.5 month

Price Range:

$845,000-$45,000                                $1,495,000-$40,000