Adva Saldinger - asaldinger@thesunnews.com
Home prices along the Grand Strand continue to decline as short sales and foreclosures persist, and for some buyers this creates the chance to get a house they thought was out of reach.
The median home price - the price where half of homes sold for more and half of homes sold for less - was $176,000 this past quarter, down 12 percent from the same period last year, according to the Multiple Listing Service.
The declining median price is partly because lower-priced houses are selling at a higher rate - 74.7 percent of homes along the Grand Strand sold for less than $250,000 this year, according to Site Tech Systems, a local company that tracks the real estate market.
The low prices mean Laura Barr, who is buying a new house, can afford the house she wants that is bigger and closer to the beach than ones in her price range a few years ago.
To read more, please check out http://www.myrtlebeachnow.com!
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