Myrtle Beach, SC

Myrtle Beach is a city located on the Grand Strand in South Carolina. The city has a population of approximately 73,000 and is known for its white sand beaches, luxury resorts, and shopping. Real estate in Myrtle Beach is very popular with both locals and tourists. There are many homes for sale in the city as well as condos, townhomes, and apartments.

The real estate market in Myrtle Beach is always changing due to the influx of new residents and tourists. In recent years, prices have increased significantly due to the high demand for housing. The average price of a home in Myrtle Beach was $269,000 in 2017 according to Zillow. This figure has increased by over 20% since 2016. In addition to homes, there are also plenty of condos and apartments available for sale in Myrtle Beach. The average price of a condo was $183,000 in 2017 according to Zillow while the average price of an apartment was $137,500.

One reason why real estate prices have increased so much recently is because there are so many options available for buyers. There are plenty of homes available both on the coast and inland within close proximity to each other which makes it easy for buyers to find what they’re looking for without having to travel too far from home. Additionally, many new luxury resorts have been built within close proximity to the city which has also contributed to increasing demand for housing within Myrtle Beach.

Despite the increase in prices over recent years, there are still plenty of affordable options available for buyers who want to purchase a home or condo in Myrtle Beach. The median price of a home was $239,900 while the median price of a condo was $173,500 according to Zillow data from 2017-2018 respectively . Additionally , there are several incentives available such as tax breaks and low interest rates which make purchasing a home more affordable than it may seem at first glance .

Despite being one of the most popular tourist destinations on earth with millions visiting every year , real estate remains relatively stable compared with other major cities around America . Prices tend not fluctuate wildly like they do say Las Vegas or New York City where you can go from spending tens or hundreds thousand dollars on one property only months later see that same property sell again at double or triple that amount ! Prices here tend not be based purely off speculation but rather actual need by those wanting/needing properties!