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.

 

 

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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. 

Grand Strand Sales Up From 2010

Grand Strand Properties Climb

Myrtle Beach, SC – April’s data from the Carolina Association of Realtors showed an increase in home sales along the Grand Strand.  Homes showed a 2.6% up-tick  from 2010. Condo sales improved as well showing a 3.1% up-tick from April 2010 and 2.6% overall, year to date.  Great news is that the market has been cleaned up pretty well.  17% of the market today contains distressed properties.  Also keep in mind, last year people were taking advatage of the tax credits so even though these numbers aren’t jumping off the screen per say, their not BAD numbers.

Of course  good news comes along with some bad news depending on what side of the numbers your on.   Median sales price for condos here on the Grand Strand are at $103,000.  The median price for Single Family Homes fell slightly to $165,000.  These declines have been the cause of distressed sales.  When looking at the market without those implications, homes have remained quite consistent around $189,000.

Given the sales facts, now is the time to buy Grand Strand Properties.  The beach lifestyle has never been so affordable especially if your looking for some Oceanfront condos here in the Myrtle Beach – Cherry Grove areas. Like I mentioned earlier, median sales for condos are at $103,000, an historic low.  Buyers need to take advatage of these conditions.  Its only a matter of time before these sales figures continue their up-ticks.  View some Oceanfront condos HERE and see whats right for the picking!

Tilghman Beach Resort – Market Report – Cherry Grove,SC

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!
Active Listings  (27)

High Low Average Median
List Price $626,000 $150,000 $307,195 $275,000

Pendings (4)

High Low Average Median
List Price $259,900 $150,000 $226,200 $247,450

Sold (2)

High Low Average Median
List Price $259,900 $210,000 $234,950 $234,950
Sold Price $225,000 $200,000 $212,500 $212,500
  1. Unit #1517 3Bd / 3Ba closed on 04/18/2011 for $200,000
  2. Unit#1208 3Bd / 3Ba closed on 03/18/2011 for $225,000
High Low Average
Days on Market 319 87 203
***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. 

Home Inspection Tips – Grand Strand Real Estate

As a home owner, maintaining your property in sound condition plays an important role to its value.  One of the most important assets to our home is its roof.  Here in the Myrtle Beach Real Estate market, think of all the elements a homes roof is exposed to. Here on the Grand Strand we experience a constant wind being close in proximity to that oceanfront we all love. This affects your roofs condition. Hail as well as rain all play a part in affecting the condition and well-being of your home’s roof. An annual checkup is all you need to save yourself from some unforeseen problems.

Start With The Basics

Look for missing shingles, cracked caulking. Check around your chimney for anything unusual damage. Skylights are common-place here at the beach be sure to check them for wear or cracking, caulk them if needed.  Check for nails and rust spots on any flashing.  These should be replaced right away.  Keep those gutters cleaned out. We deal with a lot of Pine straw here in the North Myrtle Beach and surrounding areas so be sure to stay on top of that.  These are a few easy precautionary steps you can take to ensure you catch things before they are ever an issue.

Signs Of A Roof Leak

Early signs of trouble can be dark areas on the ceiling, peeling of paint,damp areas around the fireplace and also look for stains on plumbing near the water heater and vents. If you suspect that you may have some problems, some companies give free evaluations so be sure to take advantage of that.

Trim Trees & Branches

Tree trimming can go a long ways when trying to prevent a bunch of leaves or that unwanted moss from growing on your roof.  Try to keep branches 10 feet away from your roof to help with these issues. Remember, this can be quite dangerous. Call a pro if needed. Prevention isn’t worth too much if you severely hurt yourself in the making.

Replacing Your Roof

National Average for a new asphalt shingle roof is about 21k, according to Remodel Magazine’s Cost / Value Report.  You can expect to recoup 60% at resale.  Some Grand Strand Properties may have  higher end materials which can run you up to 40k. So take care of that roof and look for the early signs and save yourself some money!

Looking for a place at the beach? Visit Here for all your Real Estate needs here on the Grand Strand!