Grand Strand Realtors said they first got an inkling that the real estate market had turned when sales remained strong through last winter, and if Penny Boling is right, the cold, first months on 2014 could be a bigger and better sequel.
“We had our best December since 2000,” said Boling of Century 21 Boling & Associates of Myrtle Beach.
Boling said that the tightening of inventory, modestly higher interest rates and prices plus sharpened customer service have created a market where multiple offers are becoming more common and sellers are gaining at least some power in transactions.
There is currently between nine months and 10 months of inventory along the Grand Strand, according to SiteTech Systems, and Boling said when that drops to about 6 months, sellers will be in control.
Boling said that about half of the area’s real estate sales are generated by visitors, and it doesn’t hurt that even a cold snap like today seems trivial when compared with what’s happening where most of them came from.
Boling, a Wisconsin native, said she first visited Myrtle Beach on her honeymoon in the 70s and was a fulltime resident within four years.
Post-recession buyers are even more motivated than they were before and want Realtors who can navigate all the property-buying hurdles, from finding the right home at the right price to finding lenders to finance the purchases.
“We’re working smarter and harder,” she said. “We’re more informed.”
Buyers want immediate service, honesty and integrity.
If they get it, Boling said, the December thrust this year should, like last year, carry through to the blossoming of dogwoods and azaleas.
Contact STEVE JONES at 444-1765.