My, What a Difference Five Years Can Make! What Myrtle Beach Oceanfront Condos Sold for in 2010 vs. 2005:

Reblogger Gene Wunderlich
Real Estate Agent with 1st Action Real Estate

You SoCal whiners that think we've taken a drubbing, look at what you can pick up over on the right coast in ocean front property.

Original content by Mirela Monte

What Myrtle Beach Oceanfront Condos Sold for in 2010 vs. 2005:

 


Everyone knows about our depressed market, but does anyone know just how much our prices have fallen? 


Here are some examples of the plummet on Oceanfront condos in the Myrtle Beach area, the Real Estate product which drives our market.  


My, what a difference five years can make!


                                                             


                                                                            2005                                                 2010

1BR Avista                                                                           $ 400,000                                             $ 135,000

2BR Avista                                                                           $ 560,000                                             $ 205,900

3BR Avista                                                                           $ 800,000                                             $ 323,500

Efficiency at Baywatch                                                     $ 230,000                                             $ 55,000

1BR Baywatch:                                                                  $ 330,000                                             $ 95,000

2BR Baywatch                                                                    $ 540,000                                             $ 174,000

3BR Baywatch                                                                    $ 600,000                                             $ 230,000

1BR Boardwalk                                                                  $ 319,900                                             $ 57,000

2BR Brighton @KP                                                           $ 875,000                                             $ 276,000

3BR Brighton @KP                                                           $ 925,000                                             $ 365,000

1BR Caravelle Tower                                                       $ 182,300                                             $ 49,900

1BR Landmark                                                                   $ 254,800                                             $ 59,900

2BR Margate Tower                                                        $ 1,470,000                                          $ 540,000

3BR Margate Tower                                                        $ 1,400,000                                          $ 485,000

4BR Margate Tower                                                        $ 1,750,000                                          $ 540,000

1BR Meridian Plaza                                                          $ 267,900                                             $ 52,000

Efficiency Pinnacle Oceanfront Tower                         $ 190,000                                             $ 63,000

1BR Pinnacle Oceanfront Tower                                    $ 279,900                                          $76,500                               

2BR Sands Ocean                                                             $ 397,500                                             $ 135,000

Efficiency Sands Ocean                                                  $ 195,000                                             $ 33,500

3BR Windy Hill Dunes                                                     $ 689,900                                             $ 270,000

 

Mirela Monte, Your Oceanfront Condos in Myrtle Beach Connection

 


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Rainmaker
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Deborah Nance
Orange County, Corona, Riverside, Los Angeles - Corona, CA
Southern California , Reverse Mortgage Specialist

Holy smokes!!!  That's a huge tumble....sounds like a great time to buy!

Apr 13, 2011 01:49 PM #1
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Rainmaker
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Gene Wunderlich

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