Myrtle Beach Real Estate

Today I read in “The Sun News” about the auction of nearly 50 properties that took place at the Myrtle Beach Marriott Resort at Grande Dunes. There was not much bidding going on with these properties and very few sold for more than the opening bid price. This auction has been expected for weeks and of course I was hearing information that conflicted with the final results. For weeks the word was that these properties would bring great sales prices compared to market value. I guess the idea was that investors and shoppers would get caught up in the heat of the auction and bump the prices a lot. From what I am reading, none of the properties resulted in price battling. A few hundred attending the auction, but very few bid on properties. The company, “Coastal Auction Company” will hold another auction October 27, 2007, and will concentrate on South End properties from Murrells Inlet to Georgetown. Several properties in the Grande Dunes never receive bids.