Real estate sales drop, prices jump in April in Myrtle Beach area ...

MYRTLE BEACH ? Grand Strand real estate sales dropped in April even though some local Realtors said business was good for them that month.

Single-family home sales along the Grand Strand declined 2 percent in April compared to the same month last year, according to the Multiple Listing Service. Condo sales dropped 8 percent in April compared to April 2011, according to the MLS. Cash sales of houses and condos have also dropped from 51 percent of all sales to 48 percent of all sales.

?Watermark was very busy in April so we are not mimicking those numbers,? said Radha Herring, the broker-in-charge of Watermark Real Estate Group. ?We were busy with contracts in April, especially for condos because people like to close before the summer season begins. May was extremely busy as well. This is the season where we sell a lot of condos and we?re in line for June. We?re seeing a steady incline, about 20 percent uptick from this time last year.?

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