The real estate market in Greenville is booming, but we didn’t need to tell you that. But just how crazy is it? 🤔 We partnered with CB Caine to bring y’all the details on our current housing market + what you need to know if you’re considering buying or selling.
Notable numbers:
4,224 homes on the market at the end of March
120 Housing Affordability Index (a higher number means greater affordability, GVL had a 148 index in 2016)
$236,734 - the average price for all closed sales in March 2018
59 - the average number of days on the market in Q1 2018
What’s with all those newly-constructed condos downtown, and are they really selling?
Yep, they really are. Think of it this way: the Reedy River at Falls Park is the exact pinpoint of Greenville’s most coveted real estate, and therefore is the most valuable. Even though condos only take up 11% of Q1 2018 sales, they are also responsible for the strongest sales.
What type of house is selling the fastest?
Homes under $300k are flying off the market. It’s almost impossible to find a home under $100k for sale and homes between $200k and $300k saw a 9.4% increase in homes sold in Q1 2018. Even more expensive homes over $300k are gaining speed with a 22.7% increase in sales in Q1 2018.
*All data provided by Greater Greenville Association of REALTORS Multiple Listing Service
Interested in selling your home?
Things are moving quickly. Homes go on the market + go under contract realllllly fast. Get your home prepped for the roller coaster with help from CB Caine + live by these tips.
If you’re in the market for a new home (or you’re just a real estate junkie like us), check out these cool listings:
🏠 130 Highway 651 | 50-acre estate, Magnolia Hill Plantation is complete with a billiards room, private gymnasium, six-car garage, 10 wood-burning fireplaces, and double wrap-around covered porch with French door access from every room
🏠 236 Rhett Street Unit #205 | this condo features an infrared sauna, 2” glass counter in kitchen, two outdoor terraces with a stunning view of downtown GVL
🏠 22 Bennett Street | A true Southern estate called Oakleaf: professional landscaping/gardens by Dabney Peeples, koi pond, “old brick” courtyards and walkways
🏠 147 Reserve Drive | A climate-controlled wine room designed by Robert Bass of Keswick Wine (buy this and invite us over)
🏠 205 Lake Hills Lane | A cozy library nook and Scottish-style billiard room and pub, plus all the perks of being in the Cliffs
🏠 22 Mallard Street, 24 Mallard Street, & 26 Mallard Street | walk to the baseball field or the West End
🏠 877 Inverness Circle | Make the most of summer with the enormous patio and deck/outdoor space
🏠 115 Lowood Lane | Overlooks the 8th fairway and ladies tee box at Chanticleer golf course
🏠 111 E McBee Avenue Unit 205 | A chic downtown condo overlooking McBee
🏠 1400 Highway 414 | A highly energy efficient home with, solar panels tied to the grid, barn for two horses and a tack room
🏠 871 E Heathland Drive | Situated on the Woodfin Ridge golf course boasting an awesome workshop
🏠 8 Summerhall Glen Lane | A true smart home: Alexa voice-activated fridge, Keurig, oven, lights and music
I’m in the process of selling my home + buying a new one, and let me tell y’all, this real estate market is no joke.
As William Penn Adair says, “find out where the people are going and buy the land before they get there.”
– Heather
#DYK that your open real estate listings can be featured in our newsletter? Head over to the Digs Page and let us help you rent or sell your property.
