What can I get for my Money?

The information below is a general guide and as individual properties vary -- there will be exceptions.

Under $200,000

Choice and selection are very limited. Mostly this will be older properties in Myrtle Beach. Quite frankly, if this is your price range and you want a house (not a condo) you should be looking in areas a few miles form the ocean front. The Myrtle Beach market is likely to leave you frustrated and disappointed.

From $200,000 to $300,000

This portion of the market has exploded in supply due to the conversion of nearly all rental properties in the area to condominium. Be careful when buying in this price range. If you are buying to use the property yourself make sure you like it a resale will be difficult. If you are buying for investment be very careful and expect to hold for 3-5 years before a good resale opportunity arises.

From $300,000 to $400,000

In this price range you’ll to be able to live near the beach or on the beach—in this current buyers market you can buy a very nice ocean front condo. Under $400,000 the market is mostly condos, with some older homes in South Myrtle Beach, Surfside, Murrells Inlet, Litchfield Beach and Pawleys Island. The condo selection in this price range is wide and caters to almost every taste. If you are looking for bundled golf this price range is still is below the market so offerings are few and seldom survive more than a few days on the market (i.e. if we find one and you like it -- grab it.)

From $400,000 to $500,000

There are many great condos available in this price range and some single family homes in communities with fewer amenities. The bulk of new construction is aimed at this pricing segment and as these units are finished investors will be releasing them onto the market. One needs to be careful about the percentage of investor units in a given building (too many may hold back appreciation but help you buy what you want).

From $500,000 to $750,000

This is a sweet spot in the market. There are many coach homes, condos, villas, single family homes etc to choose from. Once you cross the $500,000 point communities begin to distinguish by location and amenities. Now near the beach is a possibility as is a bundled golf community.

Greater than $750,000

The "luxury" market in Myrtle Beach begins at the $750,000 level. Its a buyer's market in terms of selection (but not necessarily in terms of price). With enough looking you can get what you want.