Myrtle Beach Real Estate by Mirela Monte

Today I ran a 5K race at the incredibly beautiful Brookgreen Gardens. The money raised benefited the Brookgreen Zoo, a worthy cause. 190 people participated.

When that pistol was shot (why do they still do that anyway; it causes unnecessary smoke we inhale as we go by), the runners sped across that starting line like loaded guided missiles. The famous ones who win every race (show-offs!) did not impress me, although I must confess to a tinge of jealousy. I mean, just why do you need to run THAT fast?

In my book, the winner of the race was a thirty some year old mother pushing a stroller with a relatively large toddler in it. She placed in the top 10% (she beat my time). She did it with a smile on her face and toddler still intact.

I came in second for my age group, which was no consolation for my lousy time, never mind that I shaved some years off my age... The person I want to beat next year is the woman pushing the stroller! Surely by then, her toddler will be old enough to...

jog!

Run Forrest Mirela, Run! Join The Optimist Group!

Myrtle Beach Real Estate Market: October 2007 vs. October 2009

Single Family Homes

2007 2009

Available for sale: 6,360 6,227

Sold during October: 287 312

2007: 4.51% of the home inventory was sold during October. At this rate, we'll need over 22 months to sell out of our current inventory of listings.

2009: 5.01% of the home inventory was sold during October. At this rate, we’ll need almost 20 months to sell out of current inventory.

Conclusion: A home now sells two months faster than it did in 2007. The time it stays on the market is over a year and a half. We have a similar home inventory as we did in 2007 (available homes for sale).

Condos

Available for sale: 8,840 6,182

Sold during October: 362 288

2007: 4.10% of the condos were sold during October. At this rate, we'll need over 2 years to exhaust our condo inventory.

2009: 4.66% of the condos were sold during October. At this rate, we’ll need about 21.5 months to exhaust our condo inventory.

Conclusion: We now have over 30% less condo inventory available for sale than we did in 2007. Condos now sell about 3 months faster than they did in 2007.

Land

Available for sale: 5,670 5,216

Sold during October: 72 53

2007: 1.27% of our land inventory was sold during the month of October. At this rate, we'll need over 6.5 years to exhaust the existing inventory.

2009: 1.02% of our land inventory was sold during October. At this rate, we’ll need over 8 years to exhaust the exiting inventory.

Conclusion: Although we have 8% less inventory, it now takes 1.5 years longer to sell out of the land inventory than it did in 2007.

Multi-Family

Available for sale: 147 162

Sold during October: 4 2

2007: 2.72% of our multi family inventory was sold during October. At this rate, we'll need over 3 years to sell out of the existing inventory.

2009: 1.23% of the inventory has been sold in October. At this rate, we’ll need 6 years and 9 months to exhaust the current inventory.

Conclusion: Although we now have over 10% more inventory than we did in 2007, sales have been halved. It now takes 3 years and 9 months longer to sell out of the inventory than it did in 2007.

Grand Conclusion: Land is the most depressed Real Estate product in the Myrtle Beach Market, with a supply of over 8 years. Multi family is the next most depressed product with an almost 7 year supply (6yrs. 9mos). The condo market has 30% less inventory than it did two years ago and it’s selling 3 months sooner. The single home inventory remains virtually unchanged, yet selling 2 months earlier.

Mirela Monte, Your Myrtle Beach Real Estate Connection Proud Optimist!

Q. What’s the definition of mixed emotions? A. When you see your mother-in-law backing off a cliff in your new car.

Q. How do men sort out their laundry? A. Filthy, and filthy but wearable.

Q. What is the definition of the perfect woman? A. A deaf and dumb blonde nymphomaniac whose father owns a pub.

Q. What’s the difference between a new husband and a new dog? A. After a year, the dog is still excited to see you.

Q. What's the difference between roast beef and pea soup?
A. Anyone can roast beef.

Q. Did you hear about the guy who lost his left arm and leg in a car crash?
A. He's all right now.

Q. Where do you get virgin wool from?
A. Ugly sheep.

Q. Why do bagpipers walk when they play?
A. They're trying to get away from the noise.

Q. How do you double the value of a Geo Metro?
A. Fill it with gas.

Q. What's the difference between a porcupine and a Porsche?
A. The porcupine has the pricks on the outside.

Q. Why don't cannibals eat clowns?
A. Because they taste funny.

Q. Who is the poorest guy in West Virginia?
A. The Tooth Fairy

Q. What do you call a woman who knows where her husband is every night?

A. A Widow.

Q: How can you tell when a lawyer is lying?
A: His lips are moving.

Q: Why won't sharks attack lawyers?
A: Professional courtesy.

Q: What does a blonde say when you blow in their ear?
A: "Thanks for the refill!"

Q: What is it called when a blonde blows in another blonde's ear?
A: Data transfer.

Q: What did the blonde customer say to the buxom waitress (reading her nametag) ?
A: "'Debbie'...that's cute. What did you name the other one ?"

Q: Why did the blonde stare at the orange juice container for 15 minutes?
A: It said "concentrate".

Q: How do you keep a blonde busy?
A: Write "Please turn over" on both sides of a piece of paper.

Q: What's the difference between a girlfriend and a wife?

A: About 45 pounds!

Q: What's the difference between a boyfriend and a husband?

A: About 45 minutes.

Join us on The Optimist Group for LOL FRIDAY!

Princess Juliana International Airport in St. Martin is the lowest landing airport in the World.  If you want to witness flight drama, just visit Maho Beach, which is located directly in the plane's path…  My daughter and I did just that.  Was it scary?  It was intimidating, to say the least...  Check it out for yourself!  It’s a show like no other!

Mirela Monte, Your Myrtle Beach Connection                      Join The Optimist Group!

I'm writing an unauthorized autobiography.

Marriage is like witness protection. You get a new identity and a new home, and you're not allowed to see your old friends anymore.

Money is the root of all wealth.

Money is the root of all evil. For more information, send $10 to me.

Man: A creature made at the end of the workweek when God was tired.

Man is the only animal that blushes. Or needs to. Mark Twain

Last year for Christmas, I got a humidifier and a dehumidifier. I thought I'd put them in the same room and let them fight it out.

It's been so long since I've had sex, I've forgotten who ties up whom.

It's bad luck to be superstitious.

I'm having amnesia and Deja Vu at the same time. I think I've forgotten this before.

If the world were a logical place, men would be the ones who ride horses sidesaddle.

If swimming is so good for your figure, how do you explain whales?

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