ROCK VEGAS IS ON FIRE; COAST STILL SLOW
Below is part of a press release that was distributed not too long ago. I only posted the last 3 paragraphs of the release, because I thought the rest would only be interesting to Realtors. Although Columbia is not mentioned, I sure am glad to know that most of the Midlands is holding steady! Rock Hill is still on fire…. FJ
In 2007, the Rock Hill area (+16.6%) continues to lead the state in growth, while the Myrtle Beach area (-28.9%) and Beaufort (-24%) reported the largest sales declines. The Hilton Head Area (+7.8%) reported positive sales growth in the third quarter for the first time this year. Year to date sales in the Hilton Head area are only 5% below 2006 levels, a significant improvement from the first quarter of the year.
“Especially in the unique markets of South Carolina, all real estate is local. It’s important to consult a Realtor, because market conditions can vary from one neighborhood to the next and from month to month,” Kremydas said.
According to Kremydas, 2007 is on track to be the fifth highest year on record for existing-home sales in South Carolina and nationwide. “Although sales are off from the peak in 2005, there is a historically high level of home sales taking place this year – one out of every 16 American households is buying a home this year.“
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