Myrtle Beach Growth on the Fast Track

Is Myrtle Beach, South Carolina becoming the new Florida?  From 2005 to 2006 Myrtle Beach was ranked the fourth fastest growing area in the country according to the U.S. Census Bureau.  This growth continued over 2006.  More retirees and baby boomers, are moving to the Myrtle Beach area now rather than Florida because it offers a similar climate and quality of life but without the threat of hurricanes.  The area has undergone massive growth in population which has been pressuring it for the infrastructure to support that growth.  More retirees have created more job growth in the service industries.  The area’s amenities have also made it more appealing to young families as well. 

As most of know, Myrtle Beach has experienced the home building boom as well.  New Myrtle Beach condos are popping up all over the place to provide supply for the great demand.  So far it seems that Myrtle Beach has not been effected by over building as rapid price inflation.  Much of the demand for new condos in Florida has now shifted north to Myrtle Beach because of the steep prices and hurricane threats.

NewCondosOnline.com has been keeping a close eye on the market and learning more every day from our partners such as The Hoffman Group and New Resorts, the two leading sales and marketing groups in the area.  These groups specialize in providing sales and marketing for new and pre-construction condos, luxury condo towers, and resort-style communities.  NewCondosOnline.com handles the online marketing portion for these groups who represent major home builders in the area such as Strand Capital.

Strand Capital is building two of the newest waterfront condo projects such as The Tides at Sea Mist and Coral Beach.  Other major projects in the area pushing thousands of new units on the market are developments such as North Beach Towers and Apogee Towers. 

The prices are so appealing for these new luxury communities that people can’t seem to stay away.  Many of these new condos start in the mid $100’s and offer the same quality of home and amenities as homes in Miami and Ft. Lauderdale that would cost close to $1 M or more.