Real Estate & Development

Marvin Heyd Video Coastal Carolina Association of Realtors	Berkley White Video Classic Home Building & Design
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Tourism fuels the real estate and development industries by attracting millions of potential buyers to the Grand Strand each year. Many Grand Strand residents were once visitors to the area and, after enjoying all the area has to offer as a vacation resort, decided to purchase property.

Often, visitors to the area purchase investment property and/or second homes, enabling them to transition to year-round residency. Some visitors like the area so much, they simply choose to relocate here as a permanent year-round resident. This trend spurs real estate sales as well as residential construction.

In recent years, an unprecedented wave of construction along the oceanfront has added capacity to the area’s rental inventory. Capacity in the rental industry has increased by approximately 23 percent between 2004 and 2010. This building boom has not only increased the capacity of the area, but has also raised the bar on quality of oceanfront construction. Ultimately, this has enhanced property values in virtually all oceanfront construction and nearby construction, as well.