Homes stabilize, condo prices still drop during June in Myrtle Beach area - Business - TheSunNews.com

Homes stabilize, condo prices still drop during June in Myrtle Beach area - Business - TheSunNews.com


The median condo price last month was down 5 percent from June 2010, to $118,900, according to the MLS. The median condo price between April and June was down 12 percent, compared to the same period in 2010, according to the MLS.

Radha Herring, the broker-in-charge of the Watermark Real Estate Group, said she wasn't surprised that condo prices continue to fall.

"As we continue to push through the short sale and foreclosure inventory it continues to drive prices downwards," she said.

A lot of the sales and showings her company has had have come from investors, Herring said. Thos investors can make better gross rent on a condo than a single-family house in many cases and condos are generally cheaper to buy, she said.

Condo prices are likely to continue dropping as distressed properties persist and more are put up for sale once the summer ends, Herring said. Single-family home prices are largely dependant on what neighborhood houses are in, because some have stopped dropping and are increasing in price, she said.

"Neighborhoods that have had a tremendous number of short sales and foreclosures, like Carolina Forest, have not seen the end of price drops in that area, simply because they haven't cycled through the short sales and foreclosures," Herring said.


Read more: http://www.thesunnews.com/2011/07/28/2302203/homes-stabilize-condo-prices-still.html#ixzz1TQJeJ7ck

CAN-AM Festivities in Myrtle Beach

Can-Am Days draw almost 100,000 Canadians to the Myrtle Beach area. March 13-21 are the days of the festivities. Some of the activities include: bands playing, conferences, Canadian-American Days Kickoff at Myrtle Beach Convention Center. Canadians also get discounts at Ripley's Aquarium, Medieval Times, Dixie Stampede, and Legends in Concert. Watermark Real Estate Group Welcomes Canadians to Myrtle Beach and we looked forward to meeting you this week

For more Blogs and News please Visit Watermark News and Blogs: News and Blog

I am excited to announce that Watermark Real Estate Group has been awarded the Blue Ribbon Small Business Award by the US Chamber (only 2 in SC). Now, the recipient that receives the most votes by March 12th, wins the Community Excellence Award! If you could take a moment to vote for Watermark, I would truly appreciate it.

Anderson Ocean Club & Spa

There is a new hotel on the Grand Strand. Anderson Ocean Club was one of five area hotels that landed on Expedia's Insider's Select 2009, thanks to traveler opinions, overall value and Expedia Hotel Expert input. The new hotel is 22 floors tall and the rooms can accommodate 2 to 11 guests in layouts that feature everything from twin to king-size beds. Amenities are: 200 feet of oceanfront sundeck, indoor heated pool, indoor heated kiddie pool, hot tub, two outdoor pools, lazy river, outside hot tub, fitness center, and a business center. The hotel is located on 2600 N. Ocean Blvd., Myrtle Beach. For More Blogs and News visit the Watermark News and Blog

Snowy Valentines in Myrtle Beach, SC

Valentines Weekend Winter Wonderland...in Myrtle Beach, SC!

If you weren't in Myrtle Beach, SC this weekend, you missed a rare event...SNOW! This was really exciting for the locals, including me, who were out walking, playing,
and, of course, taking pictures.

Only drawback...The 13th Annual Myrtle Beach Marathon was cancelled. We look forward to seeing the runners next years!

See more beach snow pics here

For more blogs go to Watermark Real Estate Group's News and Blog

There is a new bakery in Myrtle Beach just for Dogs! It is located on 6703 N. Kings Highway and is always stocked with fresh-baked treats. The owner, Paul Reynolds, says that all of the store's products are all-natural, animal byproduct-free and preservative-free. His Schnauzer is the store's mascot. The featured treat is a bulk bag of biscuits and the flavors are: Chicken Parmesan, Cheese Pizza, Apple Cinnamon, Pumpkin, and Cheese 'n Bacon. The best part is the treats will be fresh for 3 months, or longer if you freeze them.

For More Blogs and News visit the Watermark News and Blog

Ichiros - Great Place for a Quick Bite

Have you ever wanted to enjoy the pleasure of a professional chef cooking right in front of you, with the best quality food. Would this experience make you feel like that inner Queen or King thats been dying to come out. Well wait no longer, Ichiros has the best hibachi food in the city. Enjoy the chefs prepare food for you, while entertaining you with great tricks. How bout catching a juicy shrimp in your mouth, or making symbols and signs made with your rice. Even enjoying a sip of smooth wine. Get all of this at Ichiros in Myrtle Beach, SC. For more blogs go to Watermark Real Estate Group's Website.