Condo Sales Outpace Single-Family Sales

Sales of existing condominiums smashed all previous records in 2002 and doubled the rate of increase in single-family homes sales, according to a recent report by the National Association of Realtors.
While specific statistics relating to Myrtle Beach are unavailable, figures provided by Myrtle Beach Resort Vacation show an increase in resales of 31% over 2001. Many observers think this healthy increase in resales may be a result of investors showing renewed confidence in the real estate market.