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Myrtle Beach Real Estate by Mirela Monte

Darlene Olivo, The Darling of Myrtle Beach Real Estate, Turns 29 ...Again!

We had a Birthday yesterday. Our own, Darlene Olivo, turned 29 yet again. We were so busy yesterday and got the dates mixed up; we almost missed celebrating her birthday. We had a quick, impromptu get together at the end of the day with cake and good wishes, and Dar, as we lovingly call her, was gracious enough to come back into the office and leave her pork roast cooking in the oven, just because we asked her to "pretty please come back in for a few minutes."

Darlene has been with Buyers’ Choice Realty for about three years. She is a great team player, always pitching in and helping her fellow agents. Darlene started out as a client (she bought her Myrtle Beach home from us) and we talked her into getting licensed and joining the firm.

Darlene is a valuable member of our company. She is from New Jersey and she’ll tell it to you like it is. She is direct, candid and honest. She is beautiful and kind. She is an amazing agent. She works incredibly hard for her clients and they all love her.

Darlene is involved in local politics. She is a great mom to her pets, who are as adorable as they come (we have a pet friendly office). She has been married to Anthony, her high school sweetheart for many, many years (I don’t want to reveal her age by disclosing the number).

Happy Birthday Darlene! We love you!

Mirela Monte, Your Myrtle Beach Real Estate Connection

Here is a Prime Example of a Myrtle Beach Foreclosure:

I keep reading about the horrible state of foreclosed properties in other areas. Although I have also seen some beat up REO’s in our Myrtle Beach area, most of the time they are just brand new homes in various stages of completion, just rotting away.

Here is a prime example of this, in a Bank Owned property that just came on the market today. This is a 4,900 sq.ft, 5BR/4.5BA home located on an acre and a half in a fine Myrtle Beach subdivision, priced at $499,900.



Mirela Monte, Your Myrtle Beach REO Realtor

Myrtle Beach Oceanfront Condos: Should You Buy Now?

Views from an Oceanfront Bank Owned Condo in Myrtle Beach

There are currently 2,342 Oceanfront condos for sale. In the past 90 days, 284 such condos have been sold. Based on these figures, 4.04% of our Oceanfront condo inventory is being sold per month. At that rate, we have a little over 2 years worth of inventory.

Lowest Sold:

$37,000 for a less than 400 sq.ft. Efficiency at M Grande Resort

$38,000 for a 400+ sq. ft. Efficiency at the Landmark Resort

$40,000 for a 500+ sq. ft. 1BR/1BA at Caravelle Tower

Highest Sold:

$1,875,000 for a 3,000+ sq.ft. 5BR/4.5BA at Vista del Mar – Grande Dunes

$1,255,550 for a 3,000+ sq.ft. 5BR/4.5BA at North Beach Plantation

$1,225,000 for a 2,100+ sq. ft. 3BR/3BA at The Warwick

Here’s where the story becomes interesting:

Of these 2,342 Oceanfront condos, 59 of them are Bank Owned properties. Of these REO’s, 26 are currently under contract, 18 of them for cash, leaving us with only 33 Oceanfront REO’s on Active status. So, of the “available” Oceanfront REO’s, 44% of them are already under contract, waiting to close.

In the past 90 days, 49 Oceanfront Bank Owned Condos have been sold. Compare that with the current inventory and you have an 83% sell through. Not too shabby, wouldn’t you agree?

I just closed on an oceanfront Bank Owned condo today. In it’s heyday it was selling for over $680K. Do you want to know the price my Clients bought it for? Are you ready for this? A 3BR/3BA, over 1,650 sq.ft. of Oceanfront Bliss, fully furnished for only $290,000!!! Yup, incredible, but true! Now, this REO Oceanfront condo thing is starting to add up, isn’t it?

Mirela Monte, Your Myrtle Beach Oceanfront Realtor

Do You Flickr?

I just opened up my Flickr account tonight.  What took me so long? 

Jeremy Blanton gave me the idea.  Jeremy is such a whiz when it comes to all this web gadgetry and social media.  Watching him do his magic is both entertaining and awe inspiring; the man is a genius!

Getting back to Flickr: if you haven't done so already, you should!  Just get yourself a Yahoo webmail address (mine is Mirela.Monte@yahoo.com), then go to Flickr.com and garner yourself a free account.  Start uploading your pictures and creating your magic.  Here is mine:


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