How real is the need for housing that’s affordable in Greenville? There are only 65 homes within 15 minutes of downtown that are below $30,000 on the market right now. The desire for those homes is so strong that many can barely put in an offer before the house is already sold.
There’s a lot of new construction going on, but those selling homes for $250,000+ are struggling against the new developments that have the budget for amenities + perks. And despite the boom in real estate development, homes offered at those prices don’t do anything to relieve the market where it’s really needed: homes at higher prices sit empty, while buyers looking for $200,000 and under homes struggle for months to find options.
Average sale prices for homes in Greenville + Spartanburg are up 7%. While the number of homes sold has gone up every year in GVL since 2012, the increase isn’t as drastic this year + might mean that the market’s reached its peak.
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