| Sunday, November 20, 2005 |
| Myrtle Beach Condos Still Seducing Investors |
New Resorts LLC of Myrtle Beach keeps real estate sales and resort condo developments soaring, despite reports of slowdown in other areas.
Myrtle Beach, SC (PR WEB) November 14, 2005 --The demand for preconstruction condos in Myrtle Beach is still surpassing everyone's expectations, even in what would normally be the slowest time of the year.
“Good quality resort condominiums like the Anderson Ocean Club or the Prince Resort Myrtle Beach, will always stand above the garden variety projects that are so often seen along the coastline”, says David O'Connell, of New Resorts.com in North Myrtle Beach.
“We have seen no evidence of a “bubble”, and in fact, sales of Myrtle Beach condos are still moving at a brisk pace. We’re having a hard time finding enough good agents to hire so we can handle the amount of leads that are coming in”, he adds.
Ernst and Young, a national housing authority, recently announced to the San Francisco NAR that despite such warning signs as housing sales slowing, and prices falling in some Florida cities or Las Vegas, they do not expect any bubble in the housing market to pop.
E&Y's director of housing, Steve Friedman, was also quoted as saying, “There’s no national housing bubble, only ‘bubblettes’ in markets like Las Vegas.”
O’Connell is often contacted by buyers and brokers that would normally be re-investing in areas like Florida or the west coast, but are choosing Myrtle Beach real estate instead. Even as those other areas of the country seem to have reached a peak, Myrtle Beach real estate still seems to be under-priced and the SC coast continues to be one of the hottest areas for real estate investments.
What took other companies 15+ years to achieve, New Resorts.com has done in the first 12 months of operation and touts itself now as the “Number One Source for Preconstruction in Myrtle Beach”.
Indeed, he has just signed a marketing agreement for the single largest resort condominium project on the Grand Strand, the new Sea Mist Resort.
The company bases its marketing efforts on a high internet profile, newspaper and magazine saturation, and an ever-growing number of satisfied investors. Many of them have been getting in early and purchasing multiple units and putting them up for resale, “flipping” them as soon as the developer sells out his inventory.
“I’ve done extremely well with the 6 units I’ve purchased in the last 13 months”, says Dr Steve Miller of Florida. He goes on to say, “Compared to other markets around the country, I get a lot more for my money in Myrtle Beach.”
Partnering with ACC Investments, who specializes in 1031 exchanges and other investment services, New Resorts.com is able to offer a complete package of real estate investments and capital gains management programs for every type of investor.
“We represent the leading developers and the finest resorts in the Grand Strand,” O’Connell states. "And oceanfront investment condos will always be in high demand.”
Strand Capital Group LLC is one of the most prestigious resort developers in the Grand Strand area, and has commissioned New Resorts to market what Mayor Mark McBride described as the largest condominium resort development in the city limits of Myrtle Beach. The New Sea Mist Resort redevelopment encompasses 12 acres and promises to improve downtown Myrtle Beach in a major way, providing as many as 1700 new and conversion condos for the crowd of vacationers that arrive at the beach every year.
The project begins with a conversion of the existing 268 Oceanfront/Ocean-View studios in the Driftwood and Tide Buildings, which are now pre-selling at unbelievably low prices starting in the low $100,000’s.
Phase A of the pre-construction redevelopment is also releasing as the "New Oasis" tower, with 1, 2, 3, and 4 Bedroom deluxe condominiums from $399,900 to $700,000+.
Ernst and Young reported, “Many baby boomers have paid off the mortgages on their primary homes and are investing some of the equity in second or vacation homes.”
Friedman was also quoted as saying, “With 79 million affluent boomers, demand for second homes will continue to grow as more boomers reach retirement age.”
David O’Connell confidently shares this opinion, and says that he expects Myrtle Beach and New Resorts.com both to continue to grow and improve for many years to come.
UPDATE: David O'Connell has since partnered with Mike Benton and founded The Myrtle Beach Home Store and The Myrtle Beach Condo Store. The new companies specialize in resale condos in Myrtle Beach, as well as residential homes and investment property in Myrtle Beach.
See our other press releases:
Myrtle Beach Waterway Condos
Preconstruction Condos
Preconstruction News
Preconstruction Condos Directory
Coral Beach Resort CondosLabels: myrtle beach condos, myrtle beach investment property, myrtle beach real estate |
posted by Myrtle Beach Web Design @ 3:58 AM  
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| Saturday, November 12, 2005 |
| Condominiums Lead Housing Downturn; Ernst & Young Housing Authority Says Market Experiencing Normal Cyclical Slowdown, Not a ''Pop'' in Housing Bubble |
SAN FRANCISCO--(BUSINESS WIRE)--Nov. 2, 2005--
Led by condominiums, housing sales are slowing and prices are falling in bellwether markets such as Dade County, Florida, Las Vegas, Miami and Orange County, a national housing authority told writers and editors at the National Association of Realtors Conference here. "The leading housing indicators are flashing yellow in a growing number of markets including Phoenix, Boston, and Washington, D.C.," said Steve Friedman, Ernst & Young's national director of housing (703/747-1940).
Among other indicators, cancellation rates for purchases of new homes are increasing, with the rate in Dade County jumping to 20%; appraised values are dropping below contract prices; houses are remaining on the market longer; buyer incentives are returning; and more real estate agents are suggesting buyers reduce initial asking prices. "Agents are very attuned to the market," Friedman noted. "They know when a house has been on the market too long and it's appropriate to suggest a price cut."
Despite such warning signs, Friedman said he does not expect any bubble in the housing market to pop. "There's no national housing bubble, only 'bubblettes' in markets like Las Vegas," he said.
At 4.9 months, the average time that homes are on the market is up 20% from a year earlier but still indicative of a healthy market. In Manhattan, strong demand from foreign buyers and Wall Street executives continues to push up condominium prices, which have nearly doubled from $600 to $1100 a square foot in the past three years. In supply-constrained California, a slowdown in demand is taking some of the pressure off prices that have been driven up by an entitlement process that takes up to seven years -- in San Diego County, permit costs have added $50,000 to the price of a home. In contrast with the rapid runup on the coasts, housing prices in markets such as Ft. Worth, Chicago, and Minneapolis have increased at a moderate rate and sales have remained strong. "There are many markets such as Austin, TX and Boise that are not only affordable but great places to live," Friedman said.
While the first home market is showing signs of slowing -- which Friedman said will also give the growing ranks of realtors a challenge in 2006 -- the second home market remains strong.
Many baby boomers have paid off the mortgages on their primary homes and are investing some of the equity in second or vacation homes. "With 79 million affluent boomers, demand for second homes will continue to grow as more boomers reach retirement age," Friedman said.
Second home demand has been particularly strong in Florida, where foreign buyers have taken advantage of a weak dollar to buy homes.
In Orlando, European buyers, led by the British, own one of every three homes, according to Friedman.
Contacts
For Ernst & Young
Andrew Neilly,
925-930-9848
For Myrtle Beach condos for sale and preconstruction, contact New Resorts, LLC |
posted by Myrtle Beach Web Design @ 3:54 PM
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| Tuesday, November 01, 2005 |
| Myrtle Beach Timeshares |
Life is a beach in Myrtle Beach timeshares—a beautiful, golden sand beach, just perfect for sunning, surfing, scuba diving, and parasailing. Unless of course, you think life in Myrtle Beach time shares is really eighteen fabulous holes of golf. The Myrtle Beach area is home to 120+ outstanding golf courses, many designed by the greatest architects of the game, including Robert Trent Jones, Nicklaus, Palmer, Fazio, and Pete Dye. And for swings that need a little fine-tuning, Myrtle Beach boasts more golf schools per square mile than any other place on the planet. When you enjoy vacations at Myrtle Beach resort condos, life can be beachcombing, water parks, zoos, dinner theater, or sport fishing. It can be ocean or inland waterway kayaking, and the rumble of NASCAR and NASCAR sanctioned races on the tracks of Myrtle Beach Speedway and nearby Darlington Raceway. In fact, life at Myrtle Beach timeshares is almost any recreation or relaxation pleasure you want it to be and always a jumbo-size serving of vacation fun.
Why not make your vacation planning simple? Choose the destination everyone in the family will enjoy. Choose the luxurious resort condos of Myrtle Beach, South Carolina. Buy time share, because there’s simply no good reason to blow your hard earned dollars on hotel or motel accommodations that offer too little, charge too much, and leave you with nothing to show for the money you spend. Instead, learn the impressive facts about owning timeshare resort condos. Explore the web pages of Sell My Timeshare Now, and get solid, reliable information for timeshare consumers. We high standards for our timeshare selling guide lines and we will assist you in every aspect of timeshare buying, renting, or selling. Once you understand timeshare selling guidelines and learn how easy it is to buy timeshare, you can be on holiday in a Myrtle Beach vacation resort that you actually own. Except you’ll be bypassing the big-ticket pricing and the on-going headaches that plague sole owners of vacation cottages and summer homes. You’ll be paying only for the days and nights you actually use and you’ll be leaving the headaches to those who never bothered to learn sound information for timeshare consumers. Experience the pleasure of striping your ball down the immaculate fairways of the world class TPC at Myrtle Beach. Perhaps you can schedule to be in Myrtle Beach at the right time to enjoy one of the most delightful tournament events in golf—the annual Hootie and the Blowfish Monday after the Masters Tournament. Expect to see PGA stars (joined by celebrities from the entertainment world) playing a very mellow game of golf as they wind down after their week in Augusta. You’ll never have a better opportunity to see the pros at play—when the pressure is off and it’s all about the game they love. And if you play a few rounds at The International World Tour Course, with its holes that replicate Amen Corner, TPC Sawgrass, Winged Foot, and St. Andrews, you’ll feel as if you’ve played the greatest golf courses in the world. But remember, when you buy time share vacations, you don’t have to holiday in the same location year after year. You have the option to exchange your vacation week for time at first class resorts around the globe. With exchange opportunities in over 90 countries worldwide, you can tee it up one year at a Myrtle Beach's "St. Andrews look alike", and the next year be in Scotland, playing The Road Hole on the Old Course herself. So go ahead and pack your swimwear, your golf shoes, and your really comfortable clothes. Myrtle Beach is all about mellow. Myrtle Beach is where you go to relax. Take advantage of Sell My Timeshare Now’s reliable, up-to-the-minute information for timeshare consumers. Let our friendly and experienced staff lend you a hand with the fine points of timeshare selling guide lines. Because when life is a timeshare holiday, life is good. Posted by Jeremy DeCoste
SellMyTimeshareNow
1 877 815 4227 ext 249 |
posted by Myrtle Beach Web Design @ 5:59 AM
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