North Myrtle Beach is has become very rich with condos especially high rises looking over the beautiful Atlantic Ocean. Currently there are 1,125 condos for sale in North Myrtle Beach. These condos range from $27,000 to $1,125,000 and are listed for an average of $209,000. In the last six months, 368 condos have been sold in North Myrtle Beach with a low of $27,900 and a high of $1,125,000. The average sale price is $174,000.

Foreclosures have been very common over the past couple of years due to the economy, job market, housing market and many other factors. An extremely good sign for real estate owners or potential real estate owners in Surfside Beach is that as of October 2011, there are only 17 listed Surfside beach Foreclosures. At one time there were hundreds of foreclosures which made buyers very happy but in the end it they hurt the overall market. Many real estate owners have been hoping for a reduction in foreclosures which they hope in the end will mean a return of the housing market. Surfside Beach has had a reputation to hold it’s value rather well and the 17 foreclosures is another bright note.

As of October 2011, there are 204 Surfside Beach homes for sale. The average price for a residential home in Surfside is $259,000. The amount of houses for sale at this moment might seem low with many sellers taking their listings off the market after the summer months. Many people believe that they can get higher values for their homes in the spring and summer than in the fall and winter. With that said, many of the homes that are for sale at this time of the year may be discounted by desperate sellers who would love to sell their houses before the winter. Winter is the slowest and worst time to have a house on the market and many sellers avoid it at all costs.

One type of Real Estate investment that has become much more popular is one bedroom condos. In the Grand Strand area there are currently 606 one bedroom condos listed with an average price of $104,249. Out of those 606, 418 of them are Myrtle Beach condos for sale. With the economy down, many vacationers have kept it cheap and simple by purchasing little one bedroom condos that they can escape to for short vacations or weekends. These condos also have been very easy to rent out through rental programs. Many of these condos are located in beautiful complexes with pools, lazy rivers, Jacuzzis, tiki bars and more. To own a place in the beautiful grand strand you don’t always have to go big, keep it small and simple.

Surfside Beach has grown a lot over the recent years in population as well as popularity. Surfside Beach is known as the “Family Beach” and you will see a lot more cozy houses and condos rather than high rise hotels. This environment has made Surfside Beach Real Estate become a hot commodity. Another aspect that people seem to love about Surfside is the lack of traffic. Driving on 17 in Myrtle Beach can be a nightmare but Surfside (other than Glens Bay) is not know for much traffic. So if your interested in purchasing a house or condo in a beautiful laid back community, Surfside Beach is the place for you!

When comparing North Myrtle Beach homes for Sale to Myrtle Beach homes for sale many look at the amount of condos vs. residential homes, foreclosures, short sales and average price. North Myrtle Beach accounts for 1,180 active condo/townhomes and 455 residential homes for sales. Myrtle Beach has 2,467 active condo/townhomes for sale and 1,690 residential homes on the market. The average price for a condo/townhome in North Myrtle is $261,771 and the average price for a residential home is $412,705 ranging from $24,900 to $2,795,000. The average condo/townhome in Myrtle Beach is $166,300 and the average residential house is $326,398 ranging from $16,750 to $6,490,000. North Myrtle may have less listing but the prices are above those in Myrtle. Out of all the condo/townhomes and residential listings in Myrtle Beach, only 4 % are foreclosures and in North Myrtle Beach, there are only 2.3% foreclosures.

There are 811 active foreclosures in Horry County. 77 of those are in North Myrtle Beach, 359 are in Myrtle Beach, 25 are in Surfside Beach, 5 in Garden City, and 55 in Murrells Inlet. North Myrtle Beach has in the past received a reputation to have a plentiful amount of foreclosures but as the market improves the foreclosure have dropped. North Myrtle only accounts for 9% of the foreclosures in Horry County compared to Myrtle Beach which accounts for 44%. Foreclosures are known to hurt neighborhood values and overall prices but the decrease in the amount of foreclosures in North Myrtle Beach is a positive signs for current or futures property owners!

As of August 10, 2010 there are 1,675 North Myrtle Beach homes for sale. Out of those 1,675 listings, 455 are residential houses, 1,181 are condos/townhomes, and 39 are multifamily. North Myrtle Beach is definitely more of a high-rise condo town compared to residential houses. Many have found great oceanfront condos for a fraction of the price that they used to be. One thing that hasn’t changed is the beautiful beach in North Myrtle and all the attractions. If anything North Myrtle is adding even more fun activities such as the brand new Pirates Voyage Fun, Feast and Adventure. North Myrtle might not have the brand name the Myrtle Beach has, but this growing town has become very popular and may sooner than later be just as popular as Myrtle.

Many get ready to book their August vacations and head to the beautiful paradise known as Myrtle Beach. Myrtle Beach, SC has been a vacation favorite for along time and is always ranked as one of the top beaches and vacation destinations. With the market prices low, many have considered to buy Real Estate in Myrtle Beach. Many have had the game plan of buying a vacation home, link up with a vacation rental program, and rent their new investment out for the summer months. The beauty of this is you can block off weeks for your own vacation and for friends and family. Many have their mortgage paid for just with rentals. Prices may be down but Myrtle is still booming with tourists and Myrtle Lovers.