Aug
10

High-End Home Sales Weak on Grand Strand

By
– The Sun News

Sales of homes priced under $250,000 are picking up, but finding a buyer for something in the $1 million-plus range continues to be a daunting challenge.

About 75 percent of single-family homes sold on the Grand Strand in the first half of the year were priced under $250,000, up 5 percent from last year, according to numbers compiled by SiteTech Systems, a local company that tracks the real estate market.

How strongly the high-end market comes back depends largely on what happens to the very wealthy and if they will be able to afford second homes, said Tom Maeser, the market analyst for the Coastal Carolinas Association of Realtors.

ARTICLE SHORTENED DUE TO LENGTH….

LINK TO ARTICLE HERE:

http://www.thestate.com/749/story/895856.html
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