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DavidPainter@kw.com
403 Woods Lake Rd, Suite 100
Greenville, SC 29607

Real Estate Market Update

Demand continues to rise, but availability is still down. Read more about how the South Carolina real estate market is at the top in this week’s blog post.

 

Real estate sales in South Carolina have gone up by almost 5 percent in the last year, according to the South Carolina Realtors – which is good sign.

Credit: ggar.com

Credit: ggar.com

A strong market is a sign of a strong economy and growing population. Simply put: people want to live in South Carolina, and it’s not hard to understand why. Our mild climate makes it a popular retirement destination for older generations. And as for young people, Matador Network recently named Greenville, SC among “The 24 coolest towns in the USA.”

The article described Greenville as “Upland South Carolina’s star city” and said:

“Greenville has blown up in the last few years in every way (jobs, real estate, cultural scene), and yet it remains one of the best deals anywhere in terms of affordability… Downtown Greenville is a great study in historic preservation and usage: The old mills now transformed into complexes of residential space with great restaurants, cafes, and green spaces all around it.” 

Credit: ggar.com

Credit: ggar.com

With this high demand to live in South Carolina generally – and the Greenville area specifically – there are currently more people wanting to buy homes than homes on the market. According to Realtor.com, there are 1,291 listings for sale in Greenville and 204 available for rent. The median listing price is $259,900.

So, if you’d like to sell your home, it’s prime time. But if you’re looking to buy a home, you’ll face stiff competition. In some of the more desirable locations, it’s not uncommon to see bidding wars, offers above asking prices, and sales within just days on the market.

In this kind of real estate market, there’s great value in finding a realtor agent at the top of the game – whether you’re looking to buy or sell. If you’re interested in either, please contact me. I’ll be happy to help!

 

*Sources: http://www.wltx.com/news/local/real-estate-sales-are-up-in-south-carolina/433774983; http://www.realtor.com/local/Greenville_SC; https://matadornetwork.com/life/24-coolest-towns-usa-2017/?utm_content=buffer61576&utm_medium=social&utm_source=facebook.com&utm_campaign=buffer

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