Home appreciation in Myrtle Beach sets state record

SUMMARY: “Grand Strand real estate set a record year for price appreciation - higher than any seen in South Carolina in the past 12 years.”

“For 2005, condominiums and single-family homes combined appreciated 26 percent in median price on the Strand…. When you break it down by quarter, price escalation slowed in the latter part of the year.”

“[Expect] more single-family sales than condos in the coming years as more baby boomers infiltrate the Grand Strand.”

FOR MORE INFORMATION:

• Single family new construction
• Single family new communities

FULL ARTICLE: Home appreciation in MB sets state record - JENNY BURNS, The Sun News