Nov
08

Foreclosures Slash Residential Value in Myrtle Beach Area

By
– The Sun News

Properties in rapidly expanding areas such as Carolina Forest and oceanfront condominiums in Myrtle Beach have lost the most value in the past five years, which has left some residents feeling trapped in their homes as foreclosures continue to eat away at their property values.

Ryan Sears bought a condo in Turnberry Park in Carolina Forest in 2006 for $125,900. Since then he married his wife, Shalissa, and they have a 2-year-old daughter, Isabella.

The neighborhood isn’t what they thought it would be when Ryan Sears moved in. A second phase was turned into rentals instead of being more condos, and college students who are loud and drive fast have moved in. It’s not the perfect setting for the young family, Shalissa Sears said.

ARTICLE SHORTENED DUE TO LENGTH….

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    Categories : Myrtle Beach

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