During the past few months home and many condo prices have begun to increase in the Myrtle Beach and North Myrtle Beach areas of The Grand Strand. For example in Little River Estates, a community that had seen the original developer pull out when the real estate bubble burst, has seen a new builder who took over about a year ago and built a five bedroom three bath home selling for about $175,000 and today that same house is selling for over $200,000. Yes, the cost of materials played a factor but mainly supply and demand determine at what price real estate sells.
There are still "good deals" and a few foreclosures available but waiting may cost potential real estate buyers thousands of dollars.
Sandy Keller Lovelace