Here in Myrtle Beach the heat wave was grueling, but it has tempered out for a little bit and relief...as much as can be expected.  School is getting ready to start back up and last minute vacations are being taken!  What about real estate?  Well at Eagle Realty its moving!  Foreclosure inventory is some of the best deals in town.  Great investor buys!  Fall is a good time to get good pricing before the holidays and look for that 2nd home or vacation property.  Buy it now to gear up for spring.  Rates holding steady for now...don't pass up what you want now only to pay more later!

In the midst of the sensationlism that the papers and media try to sell to you the American public that all is lost and hope is gone, i would hope you make the drastic yet rational and logical decision to turn off the news and lay down the paper and take a look around.  Now i am not nieve enough to think all of us are in the perfect situation in life, but if you are reading this you must have a computer with an internet connection and are probably sitting with a roof over your head.  A car in your driveway, though you may not drive it as much anymore, and a snack or meal within reach.  We are blessed and we should notice.  The real estate market is no different...are sales less than 2005 or maybe even this time last year?  Yes.  Are SALES more than this past winter 2008...YES!!  Is it a great time to get deals? YES!  Is inventory decreasing slightly in some areas? YES!  Are rates still low enough to take advantage of? YES!  Did gas drop by a few cents this past weekend? YES!!  I just thought you needed a few YES's in your day!  Know this, real estate is cyclical...it is always a sound investment over time (key words) and it is a great time to buy!  Don't let people control your decisions or mindset...take a look around for yourself. 

JUNE MARKET WATCH

 June Active/Pending Listings
Homes: 943 listings Avg Price: $368,864 (+5%)
Condo/Townhome: 813 Avg Price: $238,065 (-3%)
Land: 588 Avg Price: $308,632 (+20%)
Commercial: 103 Avg Price: $381,065(+2%)  

June SOLD Listings
Homes: 287 (+6%) Avg. Price: $254,943
Condo/Townhome: 217 (-7%) Avg. Price: $223,194
Land: 53(+66%) Avg. Price: $138,887
Commercial: 3 (+33%) Avg. Price: $208,403  

"Rates are Good, Prices stabalizing, It's a Great Time To Buy!!"  

Data Above Is A Representation of New Lisitngs and Sold Listings for the Month of June Only

A big shout out to all riders who have come in town and have been here all week!  Eagle Realty hopes you have a safe weekend, and of course for all your real estate needs, give us a call at 843-281-2887 or email Chris@EagleResorts.com  How nice would it be to have a place to call your own here in or around Myrtle Beach when you come down for Bike week or any other time of year.  Prices are at bottom and now is the time to get good deals.  Have a great time!