Posted on Tue, Oct. 04, 2005
REAL ESTATE
MB site example of market trend
By Jenny Burns
The Sun News
Starting what experts say is a new trend in local Myrtle Beach real estate, Broadway Station Apartments in Myrtle Beach will become condominiums by next year.
Analysts say the apartment complex won't be the last to go condo, as skyrocketing home prices and a sizzling market make condo conversion attractive. The area's median home price - meaning half of the homes sold for more and half for less -jumped from $160,000 in 2004 to $178,900 in the second quarter. MORE...
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