Myrtle Beach condo sales boast 2% gain!

July 16, 2009
Condo sales up 2 percent in June
Condo sales went up 2 percent in June, marking the first time in two years that any Grand Strand real estate sales have increased.

Single-family house sales did not fare as well and dropped 19 percent, when compared with sales in June 2008.

The numbers pulled this week from the Multiple Listing Service also show that the median house price - the price at which half sold for more and half sold for less - is down 14 percent to $180,630, and the median condo prices are down 19 percent to $130,000, when compared with the same month last year.

Both residential and condo sales dropped overall through the first six months of the year. The decline was not as large as the same period in 2008.

The market has bottomed out and residential sales are not declining as rapidly, said Tom Maeser, the market analyst for the for the Coastal Carolinas Association of Realtors