Oct
25

Grand Strand Home Sales Up

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Grand Strand real estate sales jumped during the third quarter, a reflection of how sales continue to increase, particularly for single-family homes, and an indication that people are still interested in relocating to the area, according to local Realtors.

Single-family home sales rose 17 percent July through September compared to the same period last year, according to the Multiple Listing Service. Condo sales rose 10 percent July through September compared to the same three months last year, according to the MLS. Cash sales of houses and condos make up 46 percent of all sales, which is down from 48 percent last year, but still holding strong, said Tom Maeser, a real estate analyst for the Coastal Carolinas Association of Realtors.

“A lot of positive things are happening,” he said. “People still want to buy here. Investors are finding cash to continue to buy, and new construction is up.”

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Categories : Myrtle Beach

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