Myrtle Beach Real Estate

Myrtle Beach Condo Market – Third Quarter 2007 Report

Condo Area Activity for the past 3 months:

June 27 – September 27, 2007

Entire Grand Strand Area:

Total number of condos

currently available for sale:              9,290 units

Price Range of Available units:       $ 39,900 - $ 2,750,000

• $ 39,900  - 1 BR/1BA condo, under 600 sq. ft., located at Cedar Creek in Myrtle Beach
• $ 2,750,000 – 5BR/4.5BA oceanfront condo, over 3,000 sq. ft., located at the Grand Dunes in Myrtle Beach

Total number of condos

sold in the past 3 months:                 838 units

Price Range of Sold units:                $ 40,000 - $ 2,200,000

* Only 9% of the listings available have sold in the past 3 months.

Myrtle Beach:

Total number of condos

currently available for sale:              4,108

Price Range of Available units:       $ 39,900 – 2,750,000

Total number of condos

sold in the past 3 months:                 314

Price Range of Sold units:                $ 63,000 - $ 2,200,000

* Less than 8% of the listings available have sold in the past 3 months.

North Myrtle Beach:

Total number of condos

currently available for sale:              1,662

Price Range of Available units:       $ 46,000 - $ 2,499,000

Total number of condos

sold in the past 3 months:                 101

Price Range of Sold units:                $ 40,000 - $ 1,495,000

• $ 40,000 – an efficiency unit (a studio), under 450 sq. ft., located at North Myrtle Beach Golf & Tennis
• $ 1,495,000 – 7+ BR/6BA, over 3,000 sq. ft, oceanfront condo located at Ambassador Villas.

Only 6% of the listings available have sold in the past 3 months.

***Stay tuned for upcoming in depth reports on the condo market, as well as Homes & Land Reports.