Tilghman Beach Resort July Market Report – Cherry Grove North Myrtle Beach

 

 

 

Cherry Grove,North Myrtle Beach South Carolina

Tilghman Beach & Golf Resort is one of the newest luxury resorts in the Cherry Grove area of North Myrtle Beach.  This beautiful resort boasts some of the finest amenities

  • Glass enclosed heated indoor pool with hot tubs
  • Steam Sauna
  • Outdoor pool
  • Lazy river
  • Fitness Center
  • Water play area for the kids
  • On-site Restaurant and much much more!

Cherry Grove is located in the northern part of North Myrtle Beach.  Close to shopping,area restaurants and area attractions.  Minutes to literally everything you need to experience the beach lifestyle.

Below you will find the July market report for Tilghman Beach and Golf Resort.

Active (23)

High – $626,000     Low – $214,900     Median – $249,900

 

Currently Pending (2) *as of August 4th

Unit # 7001 $229,900  3Bed – 3Bath unit

Unit #1419 $229,900  3Bed – 3Bath unit

 

Sold (2)

Unit #1105 Sold on July,27 for $201,500  Days on market – 131

Unit#1002 Sold on July.15 for $260,000 Days on market – 14

Looking to invest in the Grand Strand area?  In this buyers market, take advantage of the opportunities that are currently being presented.  Look for further updates and market reports on my blog. If you would like to see a market report for a particular community please CLICK HERE , send me an email and I’d be more than happy to provide you with that information.

 

 

Grand Strand Properties – Towers on the Grove – Cherry Grove,SC

 

 

Towers on the Grove

 

 

Cherry Grove, North Myrtle Beach,SC –  Towers on the grove located in the Cherry Grove area of North Myrtle Beach, is one of the Grand Strands newest Oceanfront condo resort properties. With over 500 feet of coastline  this oceanfront resort offers 1,2 and 3 bedroom condos with stunning views in every direction.  State of the art amenities including indoor / outdoor pools,lazy river,kiddie pool,water slide and much, much more!  To view active Oceanfront listings in the North Myrtle Beach area  please visit HERE .  Below you will find the market report for this property and is current as of June 18th,2011

 

Active Listings (6)

High – $309,900   Low – $59,900

Pending (0)

Sold Listings (17)  January to June 18th,2011                                              

Pool area

High – $356,800   Low – $165,900

 

Would you like to see a market report for other Grand Strand Properties? If you have one in mind, please leave your comment and I’ll be happy to assist you with your needs.  To view current listings located in Towers @ the Grove or other Grand Strand Properties Click Here.That well deserved coastal lifestyle is only a click away.  With this buyers market mixed with all the great things happening on the Grand Strand, take advantage of the market and make this beautiful coast your home today!

Prince Beach Resort – Market Update – Cherry Grove, South Carolina

Cherry Grove, North Myrtle Beach South Carolina –  Below you will find a Market Report for Prince Resort.  This fine, luxurious resort has over 450 ft of pristine oceanfront with beautiful white sand.  Prince Resort is located on the historic Cherry Grove Pier. This pier has been a landmark for North Myrtle Beach for over 50yrs.  This historic attraction was renovated recently in 2007 boasting a restaurant and bar.  This resort offers many amenities that will have you enjoying that coastal lifestyle to the fullest. Search for Oceanfront Condos on the Grand Strand HERE!
Resort Amenities:
  • Over 450 ft of pristine oceanfront
  • Spectacular views of the Atlantic ocean,marsh and Cherry Grove inlet
  • 4 pools
  •  2 spas
  • State-of-the-art fitness center and game room
  • And much, much more!
Active Listings  (37)
High Low Average Median
List Price $476,000 $94,900 $205,516 $190,000

Pendings (2)

High Low Average Median
List Price $205,000 $179,001 $192,000 $192,000

Sold (1) May 16th,2011 to June 16th, 2011

High Low Average Median
List Price $115,000 $115,000 $115,000 $115,000
Sold Price $115,000 $115,000 $115,000 $115,000
  1. Unit #1606 1Bd / 1Ba sold on 05/26/2011 for $115,000
High Low Average
Days on Market 290 290 290
***Would you like to see a Market Report for other properties located in Cherry Grove, North Myrtle Beach or other areas on the Grand Strand?
I’d be happy to help you with your interests!  Visit my website HERE for more info. 

Investors Are Buying Rentals – Grand Strand Properties – Myrtle Beach,SC

 

 

Cherry Grove, SC – There are places where investors can buy property and cash flow immediately.  The Grand Strand area on the Southern coasts of South Carolina is one of these places.  According to the National Association of Realtors, investors bought 20% of all homes sold in April.  Most of these purchases are cash.

Conventionally, investors would subsidize payments and wait for the big potential payoff through appreciation on a property.  These days, investors are throwing 25% to 30% down and financing the rest and cash flow pretty easily.  Investors look at rental properties on a monthly income generating basis.  They can see instant profit margins, even in today’s volatile housing market.

Investors buying rental properties are a general sign in the market place that a bottom is forming.  There’s a turning point where the cost of home ownership is cheaper than renting.  This environment creates a push from investors in turn, buying investment properties.

Are you Investor material?  Before investing be sure you have thought through some of the following:

  • Do you have what it takes to be a landlord?  Your responsible for upkeep,collecting rents and even evicting tenants if need be.
  • Get a sense of the market place.  Vacancy rates,Rental rates,financing costs including taxes and insurance to name a few.  Get help from a Real Estate Agent to help you analyze the market.
  • Best investments out there might not be what you would personally live in.  Foreclosed properties are an example of some bargained opportunities.  For a list of Foreclosed properties in the Grand Strand area Visit Here!
  • Think like a tenant
  • Have a five year plan

Most people invest close to home.  Do Not limit yourself.  With experts literally at your fingertips, seek opportunities where they present themselves.  Many baby-boomers are finding their ways to our coasts here on the Grand Strand.  From the Oceanfront Condos, Beach Cottages or even Channel Homes in Cherry Grove, opportunity is everywhere.  There are many types of properties out there to invest in, be sure to not to limit your opportunities because you might not understand certain aspects. Click HERE to get in touch with an investment specialist in Grand Strand Property today!

 

 

 

 

Tilghman Beach Resort – Market Report – Cherry Grove,SC

Market Report from 05/08/2011 – 06/08/2011 for Tilghman Beach Resort, located in the Cherry Grove area of North Myrtle Beach
Cherry Grove – North Myrtle Beach Real Estate has some of the most affordable opportunities in the Myrtle Beach area and all of the Grand Strand.  Below I have provided a market report for Tilghman Beach Resort. You will find that this property offers everything you can ask for in a world-class resort at affordable prices. Take advantage of these opportunities and start living that coastal lifestyle you deserve!
Tilghman Beach and Golf Resort located in North Myrtle Beach boasts some of the best qualities you can find here on the Grand Strand.  Located just minutes to the areas attractions,shopping,dining and world-class golf.  This Oceanside resort offers 220 two and three bedroom condos offering panoramic ocean views from large private balconies.  Outside of these luxurious condos you will also find amenities that are second to none. Enjoy the lazy river and pool that s accompanied by a poolside bar, lay back in the heated jacuzzi while the kids hang in the children’s area.  It’s all here, steps away from the sand for your enjoyment! View Listings HERE!

Active Listings  (23)

High Low Average Median
List Price $626,000 $214,900 $315,977 $285,000

Pendings (2)

High Low Average Median
List Price $235,000 $230,000 $232,500 $232,500

Sold (5) May 8th,2011 to present

High Low Average Median
List Price $279,900 $235,000 $258,740 $259,900
Sold Price $265,000 $225,000 $237,960 $234,900
  1. Unit #1410 3Bd – 3Ba closed on 05/17/2011 for $225,000
  2. Unit#7008 3Bd – 3Ba closed on 05/19/2011 for $229,900
  3. Unit#7010 3Bd – 3Ba closed on 05/27/2011 for $234,900
  4. Unit#1521 3Bd – 3Ba closed on 05/24/2011 for $235,000
  5. Unit#1405 3Bd – 3Ba closed on 05/18/2011 for $265,000
High Low Average
Days on Market 592 31 256
***Would you like to see a Market Report for other properties located in Cherry Grove, North Myrtle Beach or other areas on the Grand Strand?
I’d be happy to help you with your interests!  Visit my website HERE for more info. 

8 Reasons To Buy Grand Strand Property Now

Attention Buyers!

North Myrtle Beach, SC  –   Planning on buying property in the next couple of months?  If that answer is  a yes then the next couple of months will be your best opportunity to buy.  To view current properties located on the Grand Strand CLICK HERE!

  1. Lowest Housing Prices in Years!  It would be nice to know when we’ve absolutely hit a market bottom but nobody has a crystal ball.  We have to look at the facts at hand and make the best decisions for today.  We know that pricing is at their lows and indications are pressing for prices to uptick soon.  So buying now or in the very near future would be a great move.  Foreclosures and Short-sales have created an abundance of buying opportunities for the buyer. Like a list of foreclosed properties in the Myrtle Beach area? CLICK HERE 
  2. Interest Rates At Record Lows!  In May 2011, 30 yr fixed rates fell to 4.63%.  With fixed rates like these, buyers need to take advantage of this current buyers housing market.
  3. Interest Rates Expected To Climb.  As our economy continues to gain momentum, interest rates will increase, making that mortgage more expensive and possibly pricing you out of some great opportunities.  1/2 % may not seem like a lot but depending on your loan amount, this change in percent can mean a hundred more on that mortgage payment.  For more info on mortgage rates visit BankRate.com 
  4. ARMS(adjustable rate mortgages) at Record Lows  For those buyers whom are certain they can meet their payment requirements, adjustable rate mortgages may be the best route.  There are possible risks associated with ARM’S and you should educate yourself with how these mortgages work.  You can do this at the Federal Reserves website HERE 
  5. Low Down Payment Mortgages Available  FHA (Federal Housing Administration) Low down payment financing thats insured through FHA loans is yet another inducement for buyers to purchase today.  Down payment requirements through this program change daily and may increase when this market heats up.  This is a great options for those of you working with less cash.
  6. Easier to Qualify & Borrow  Lending standards have eased recently.  Buyers should become pre-approved through their desired lending institution.  What this means is that the lender guarantees lending contingent on an appraisal.More good news for the buyer seeking pre-approval is that lenders are willing to let buyers take on more debt than previous formulas would allow. For more information on Cost Effective Mortgages please visit HERE
  7. Lenders Are Offering No Fee Mortgages  Lending institutions and many banks are waiving origination and point fees.  This can amount in huge savings on your loan!
  8. Home Builder Incentives  With foreclosures beating down prices of the existing home market, builders are having to step up their efforts to compete. Incentives can include things such as cash for furniture,appliances and closing costs.

Bottom Line – No question the buyers have the upper hand today but that’s today. We don’t know what tomorrow will bring so if your in the market to buy, put your best foot forward now! With the continual growth on the Grand Strand, that affordable coastal lifestyle is only a click away. Visit HERE to view properties all over the Grand Strand Now!

Grand Strand Properties – Avista Resort Market Report

 

North Myrtle Beach,SC –  Below you will find the Market Report for  Avista Ocean Resort, located Oceanfront in the Ocean Drive area of North Myrtle Beach. Avista offers some of the best amenities on the beach.

  • Indoor / Outdoor Water Parks
  • Exclusive Indoor Corridors
  • Lounge / Bar
  • Fitness Center
  • Restaurant – Conference Facilities and much more!

To view current listing located at Avista Resort and other Oceanfront properties located on the Grand Strand CLICK HERE!

 

For May 2011

 

Active Listings  (26)

High Low Average Median
List Price $439,900 $123,500 $252,568 $245,950

Pendings (1)

High Low Average Median
List Price $110,000 $110,000 $110,000 $110,000

Sold (2) Through 05/01/2011 – 05/31/2011

High Low Average Median
List Price $269,900 $139,999 $204,949 $204,949
Sold Price $279,000 $125,000 $202,000 $202,000

 

  1. Unit #826 1Bd / 1Ba closed on 05/12/2011 for $125,000
  2. Unit#1509 3Bd / 3Ba closed on 05/19/2011 for $279,000
High Low Average
Days on Market 155 20 87

Would you like to see a market update or report for a particular property located in the Myrtle Beach / Grand Strand Area? Leave your comments and I will be more than willing to accommodate your requests. Getting that coastal lifestyle you deserve is now more affordable than ever.  Take advantage of this buyers market and call the beach home today! View Listings HERE