Waterford Plantation in Carolina Forest is one of the most desirable communities in Myrtle Beach for numerous reasons. Not only is the community less than a mile to the elementary school; grocery store; post office; restuarants, it is less than 10 minutes to the ocean. Sidewalks lined with walkers or bike riders each day make it a warm community to drive up to each evening as you end your day AND if this is new to you, your neighbors even wave as you drive by.
Sales prices in Waterford Plantation are at an all-time low and with 8 homes already closed in 2011, buyers are running home with these deals. Looking at the lowest to highest priced home sales and the average along with average price/sf sold since 2006, it's clear the market - even in a fabulous neighborhood-reflect the housing market's decline, and buyers walking away smiling.
YEAR HOMES SOLD PRICE RANGE AVG. SALES PRICE AVG. PRICE/SF
2006 10 $289,900-$540,000 $354,650 $120/SF
2007 22 $260,000-$434,900 $334,468 $123/SF
2008 12 $214,000-$416,000 $311,441 $102/SF
2009 22 $187,000-$360,000 $261,290 $91/SF
2010 18 $184,000-$305,000 $243,266 $88/SF
2011 8 $179,900-$382,000 $264,087 $83/SF
Average sales price in Waterford Plantation has dropped nearly $90,000 and price/sf is at a six year low. The time to buy is now in all neighborhoods in Myrtle Beach; deals can be found not only with foreclosures but with almost all properties. Comparable sales include foreclosures giving all buyers an edge on the market. For more homes in Myrtle Beach, visit www.myrtlebeachrealestatetoday.com
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