Wednesday, June 22, 2011

10 hottest vacation real-estate markets, #3 Myrtle Beach, S.C.

Like Hilton Head to the south, South Carolina's northern coastal town of Myrtle Beach is showing signs of stabilization after a period of significant price drops. Clear Capital says the median sale price in the Myrtle Beach market is $89 per square foot, down 34.5% from its 2006 peak of $136. Prices are now at the summer 2004 levels.
With the exception of the first quarter this year, when prices reflected a normal winter slowdown, the median sale price has been stable, with only a 1% decline from summer 2009 to the end of 2010.
This $150,000 home is an example of what's available.
Price: $150,000
Size: 4 bedrooms, 3 bathrooms, 2,001 square feet*
Lot: 0.16 acre*
Price per square foot: $75*
* Size data courtesy of

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