A few years ago we all remember how distressed properties were flooding the market - especially in the Grand Strand area as many people were letting go of investment and vacation properties. We get calls every day from buyers looking for those steals on the ocean front but they just are not there anymore. if there are distressed properties, they usually sell fast or are not at the discounted prices that people expect. Here is a chart to show how much the inventory on distressed properties has dropped the past 5 years.
For our market in general, inventory is down year to date about 5% on residential and 10% on condos. With that prices are also up over 8% on residential and over 6% on condos.
With inventory going down and prices going up, now is the time to buy and sell!
Call us today for more information or to schedule an appointment.