Home/House Foreclosure List for the Myrtle Beach Area
Buying a foreclosure offers buyers the opportunity for fantastic savings. A foreclosure may give you the chance to enter a home or community that may have been out of your price range, or it may allow you to save money that could go toward other lifestyle purchases, such as a new boat or car. Furthermore, since most foreclosed homes are vacant, the moving-in process can be sped up.
The number of foreclosures is a direct result of the speed in which the second-home market grew. Myrtle Beach grew rapidly in the 1990s and early 2000, and as a result, when the 2008 recession hit, the area was left with a surplus of housing of all types, from condos and townhouses to oceanfront properties.
While foreclosures of all types (pre-sale/short sale, bank-owned, or government-owned) are still on the market, home prices have steadily risen in recent years. In fact, the 2015 Outlook Conference of the Coastal Carolina Association of Realtors predicts home prices and home sales to each increase by 6% in the coming year.
Despite the gradual uptick in sales and prices, it is still an excellent time to enter a home in Myrtle Beach. And while there may not be as many foreclosures as there were just 3-5 years ago, those listed remain some of the best deals in the area.
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9408 Lake Dr.
Myrtle Beach, SC 29572
Exquisite lakefront estate located in Dunes Cove. 9408 Lake Drive is one Myrtle Beach’s iconic, luxury homes. This timeless classic Georgian mano...