Believe it or not, but we are almost one full month in to the 2014 year. With an increase from $267,000 to $281,000 for new homes and $196,000 to $207,000 for existing homes, it is plain to see that Greer real estate equity is on the rise and will keep that trend going towards the future.
Now we must put in to perspective that these are figures for the median price range of what we can expect. Obviously some homes could only increase by 5%, where another property could actually see 20% increase in the first year. The main part that we want to specify though is that it will increase. Sellers beware though, this does not mean that sitting on that Greer real estate for a few more years will yearn you the return that you always dreamed of.
Greer real estate is set to increase year over year with our current economy making drastic steps to get back to where it was previous to 2008 and, more than likely, make substantial steps to beat that current pace. Greer homes are in the perfect spot to receive a boost from not only the nation economy, but our local and statewide economy as well. Recently, it was noted that unemployment dropped again to another record low for the year as well as stating that the average household income had risen once more. This is a great sign of things to come for our real estate future.