Vacation Homes for Sale in Myrtle Beach
Have you ever considered what it would be like to have a vacation home in Myrtle Beach? One that you could rent out during your time away (essentially paying for your mortgage or HOAS) and then coming into town whenever you want to enjoy the beach? Such a dream as exactly been that the past couple of years, a dream. However, according to new surveys done by the National Association of Realtors the sales of investment and vacation homes jumped in 2011 with the combined market share rising to the highest level since 2005. The number of investment homes rose from 749,000 in 2010 to a whopping 1.23 million in 2011. Likewise, vacation homes rose from 469,000 to just over 502,000 in 2010 and 2011, respectively.
So why the recent spike? This is a trend we saw in the grand strand area with vacation homes for sale in Myrtle Beach selling for extraordinary deals! Investors saw an opportunity in the market as property values bottomed-out. Knowing that these values would eventually begin to rise again, they took the cash sitting in the bank and swooped up the bargain deals on the market in exchange for high rental income. According to the National Association of Realtors, approximately 41% of the investors who purchased an investment property bought at least 2. In fact these vacation homes for sale in Myrtle Beach have actually been wise investments at a time where the market allowed for properties to be let go for close to nothing; especially along the oceanfront. Consider this other interesting bit of information released by the National Association of Realtors: 42% of vacation homes purchased last year was in the south & 44% of investment homes purchased last year was in the south.
As the market continues to grow the trend toward owning vacation homes in Myrtle Beach is here to stay, but the deals aren’t! Soon property values will begin to rise more and more to the point where it won’t be as favorable for buyers to consider purchasing a vacation home for sale in Myrtle Beach. If you want the expert advice on how we can save you up to 75% wholesale properties, call us today at 843-839-9870!
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Myrtle Beach, SC Real Estate Homes and Condos 