Preconstruction real estate is big almost everywhere right now, but some areas are definately hotter than others. Myrtle Beach preconstruction is burning a hole in the sand right now...but it's much less expensive than most. An average 2-3 bedroom oceanfront condo here will go for under $400,000. The same real estate in Sarasota Florida would be twice that.

Las Vegas condos are really doing great as investments as well...and, again, are usually several hundred thousand dollars more than anything in South Carolina. But Myrtle Beach real estate will continue to rise in price until someday it will equal them. I would invite anyone to post an article about the preconstruction condos in their area here. The more information, the better.

Those of us who live in Myrtle Beach are seeing the prices of everything increase every day. Our golf condos are going up in value about $5000 a year. They are building everything up on the Intracoastal Waterway now, and this type of real estate is commanding as much as the oceanfront property. If you have the money, now's the time, because it is as low right now as it will ever be again. I truly believe that. Every day I am more astounded to see the volume of preconstruction real estate that is being built and sold. Our bordering NC beaches (Brunswick County) are said to be even more in demand now.

Last summer a condo project went up called Crescent Shores. It was not that large, but oceanfront and very impressive to look at. When it was pre-selling, it started out as much as $20,000 less than what it was finishing at 5 months later. Consumers were fighting over them, and the units were so hot as rentals during the summer that the tourists were renting them before the amenities were finished. They commanded and GOT top dollar for the rentals as well. I think anyone who invested in them came out with a big smile and a pocket of money...both from the price increase and from the rental income.

Condolux of North Myrtle Beach is in the middle of a preconstruction condo project right now, called Ocean Winds. It will be built on 48th Ave South, beside of the Barefoot RV Resort, and across from Barefoot Landing. The area in behind there is some of the most beautiful and pristine marshland that is left in North Myrtle Beach. These condos will overlook the marsh, be a block or so from the ocean, and will be unique and luxurious. Again, they are pre-selling like hotcakes...40-some units were snapped up in a little over a month, and at $250-$320,000 each. THAT is impressive!

From everything I've seen, anyone who can afford it needs to be looking into this kind of investment. Do a little investigating about the location, be sure the company that is developing the property is well established and respected, and get in it while it's still affordable.

Labels: myrtle beach condos, myrtle beach condos for sale