This is something intresting I have noticed over the last week or so that is happening in our market.

First of all there is nothing on the market!!

We are getting a lot of buyers contacting us through our network of Myrtle Beach real Estate websites. An unuseual amount of these people seem to be cash buyers. many have owned homes in the north east for years that are mostly equity, they are tired of waiting to buy, so they are dumping and wanting to buy here in Myrtle Beach while it is still cheap.

This for us seems to be a common scenario.

A lot of these people are wanting oceanfront Condos in Myrtle Beach.

Now I started doing searches in our MLS and on many of the searches I would start out with around 100 or so properties coming up when I put in their criteria. The I would throw out the grossly over priced properties and throw out the short sales. (I hate sending people a ton of short sales knowing the chances are slim they will be able to buy one).

Once I weeded out short sales and grossly over price properties, I would end up with about 5 to 10 units that were actually priced right and had no crazy strings attached.

This hasnt just happened to me one time, this is happening several times a day. Most of these people are not looking for any crazy low prices or weird buying scenarios.

Could it be that our market only has about 5 to 10% saleable properties?

This would mean our market only has about 3 to 4 months of available SELLABLE inventory.

I know with Myrtle Beach rentals in the Murrells inlet area - There pretty much is nothing to rent!