Oct
09

Grand Strand Home Sales Tumble

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Prices keep on sliding during September

October 9, 2008

By Jessica Foster – The Sun News

Grand Strand home sales and prices continued dropping in September, a report released Wednesday showed, rounding off a month of dour financial news.

There were 426 home sales in September, down about 38 percent from September 2007, according to data from the Coastal Carolinas Association of Realtors. Median prices of homes sold fell 8 percent for single-family houses to $207,100 and 12 percent for condos to $146,000. The median price is where half sell for more and half sell for less.

That brings sales for the third quarter to 4,759, a 31 percent drop from the third quarter of 2007. Prices for single-family houses and condos during that period were down 8 percent and 18 percent, respectively.

ARTICLE SHORTENED DUE TO LENGTH….

LINK TO ARTICLE HERE:
http://www.myrtlebeachonline.com/business/story/623854.html

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