Your Realtor® Minna : The Future is looking Brighter..

..and I'm not just talking about the weather!

Overall economic conditions have improved along the Grand Strand, the employment figures have also continued to improve. Q4 2013 experienced unemployment rates below 8% in the fourth quarter for the first time since 2007. Additionally, regional employment has continued to rise through 2013.

Tourism has continued to improve through the 4th quarter of 2013 as RevPar and deplanements have experienced double digit percentage increases along with all other tourism metrics seeing increases over the 4th quarter of 2012. The North Myrtle Beach Park & Sports Complex has been completed and is expecting to bring more events to the area in addition to those already generated by the City of Myrtle Beach athletic facilities and the Myrtle Beach Convention Center.

Real estate market: In the fourth quarter of 2013, there was a slight increase in single family residence inventory while condo/townhome inventory continued to decline. Single family residence sales are up over 11% year over year from Q3 2013 while median sales price for SFR and condo/townhome properties have also increased. The number of building permits have continued to increase over the past 12 months as the market continues to remain stable.

Courtesy of SiteTech Systems and the Wall College of Business’s Center for Economic and Community Development at Coastal Carolina University.

Your Realtor® Minna