February 2019 Greater Greenville Real Estate Market

FEBRUARY 2019 Greater Greenville Real Estate Market – January 2019 saw a sharp decrease of 33.7 percent in the total number of units sold between December 2018 and January 2019. However, there was a 1.3 percent increase in the Average Sold Price.

Existing-home sales in the South dropped 1.0 percent to an annual rate of 2.08 million in January, down 8.4 percent from last year. The median price in the South was $214,800, up 2.5 percent from a year ago.

Comparison Stats for JANUARY 2018 / 2019:

Greenville SC Homes Sold AVG DOM # SOLD AVG SOLD PRICE
JANUARY 2018 57 814 $231,359
JANUARY 2019 65 655 $242,462
Percentage -/+ +14% -19% +4.7%

National Real Estate Market

According to the National Association of Realtors®, Existing-Home sales experienced a minor drop for the third consecutive month in January. Of the four major U.S. regions, only the Northeast saw an uptick in sales activity last month. Total existing-home sales decreased 1.2 percent from December to a seasonally adjusted annual rate of 4.94 million in January. Sales are now down 8.5 percent from a year ago (5.40 million in January 2018).

NAR’s chief economist, Lawrence Yun, points out that the market is still suffering from an inventory shortage. “In particular, the lower end of the market is experiencing a greater shortage, and more home construction is needed…”

Read more

February 2019 Greater Greenville Real Estate Market - NAR Existing-Homes Dales January 2019

February 2019 Greater Greenville Real Estate Market - NAR January 2019 Housing Snapshot


All information/graphs are from the Greater Greenville Association of Realtors® or The National Association of Realtors® and used with permission. All other use restricted.

While representative of market activity, this report may not include all sales brokered by Member firms, and should not be viewed as all inclusive of sales transacted within the referenced time periods.

January 2019 Greater Greenville Real Estate Market

December 2018 Greater Greenville Real Estate Market

December 2018 Greater Greenville Real Estate Market – our local real estate market showed an decrease in the Number of Units Sold (-2.3%) and Average Sold Price (-4.1%) from October to November 2018. Not surprising considering this was the start of the holiday season.

The Average Sold Price from October 2018 ($240,984) increased by 4.6 percent in November 2018 ($229,748).

 

Comparison Stats for November 2017/2018:

Greenville SC Homes Sold AVG DOM # SOLD AVG SOLD PRICE
November 2017  53 990 $ 225,992
November 2018  50 1062 $ 229,748
Percentage -/+ -5.6% +7.2% +1.6%

National Real Estate Market

Despite the fact that pending home sales saw a 0.7 percent drop in November and the current government shutdown, National Association of Realtors® chief economist, Lawrence Yun believes that there are good longer-term prospects for home sales.  He states: “Home sales in 2018 look to close out the year with 5.3 million home sales, which would be similar to that experienced in the year 2000. But given the 17 million more jobs now compared to the turn of the century, the home sales are clearly underperforming today. That also means there is steady longer-term growth potential.”

Read more

December 2018 Greenville SC Real Estate Market - NAR Existing-Home Sales November 2018

December 2018 Greenville SC Real Estate Market - NAR November 2018 Housing Snapshot


All information/graphs are from the Greater Greenville Association of Realtors® or The National Association of Realtors® and used with permission. All other use restricted.

While representative of market activity, this report may not include all sales brokered by Member firms, and should not be viewed as all inclusive of sales transacted within the referenced time periods.

December 2018 Greater Greenville Real Estate Market

Cliffs at Glassy Homesite 50 Falling Star Way Just Sold!

 

KW Luxury Homes International

Just Sold at The Cliffs!

Listed and Sold By Carolina Mountain Real Estate

50 Falling Star Way

Landrum, SC 29356

The Cliffs at Glassy

3.85-acres
This is one-of-a-kind homesite captures nearly 180 degree vistas that include the foothills and night lights of Greenville, as well as, majestic Table Rock and Caesar’s Head State Parks. Very private setting at the end of a cul-de-sac on the western edge of The Cliffs at Glassy.

For more details on these recent sales at The Cliffs, please call us at 877.226.0008 or email us at info@carolinamoutainre.com. 
 

Carolina Mountain Real Estate - Keller Williams Luxury Homes International
 

June is National Home Ownership Month for The Cliffs Real Estate

RETSImageServer.aspx

As of 2002, then President George W. Bush proclaimed the entire month of June National Home Ownership Month! For the past 12 years, we have celebrated every June by enjoying the national pastime of owning a piece of property in the United States. As we reflect on the upcoming months in real estate, here is a small excerpt from that speech that President Bush gave that day:

“Homeownership is an important part of the American Dream…A home provides shelter and a safe place where families can prosper and children can thrive. For many Americans, their home is an important financial investment, and it can be a source of great personal pride and an important part of community stability.”

“Homeownership encourages personal responsibility and the values necessary for strong families. Where homeownership flourishes, neighborhoods are more stable, residents are more civic-minded, schools are better, and crime rates decline.”

“During National Homeownership Month, I encourage all Americans to learn more about financial management and to explore homeownership opportunities in their communities. By taking this important step, individuals and families help safeguard their financial futures and contribute to the strength of our Nation.”

With June underway, there is no better time than now to celebrate the American dream by owning your own The Cliffs real estate. Having that pride of ownership is what we live for, as well as the financial stability that the piece of property can bring for you in the years to come. Owning your own home is still on everyone’s must have list as they grow older and with the economy picking back up, now is definitely the time to pursue those options!

New Homes Sales Rise 6.4% in The Cliffs For April

New Homes Sales Rise 6.4% in The Cliffs For April

2014 is starting to turn out to be the home of steady increases. In 2013 we saw a steadfast trend that made the The Cliffs real estate market bounce back immensely from the fall of 2008. The increase in prices rose approximately 13% during 2013 and 2014 has been a slowly but surely steady increase as well. Just announced today, new home sales have risen 6.4% for the month of April showing no signs of stopping the market as the summer months start to heat up.

Nationally, 407,000 new homes sold was the set pace for March, and April took that to the next level with 433,000. Originally, the Wall Street Journal economist even stated that April would only be seeing approximately 420,000 new homes sold. A modest 13,000 over the prediction is not a bad way to ease in to the upcoming hot summer months.

New single family houses are currently on the rise as the trends tend to show that most of the home buying and selling seasons increase dramatically in May, June, July, August and September. An increase in April is the perfect first act to our real estate play that is about to unfold.

Over the past few months, The Cliffs home prices have remained high while mortgage rates have priced many individuals looking to move or purchase their first property out of the market. With the recent fall of the mortgage rate to an astounding 4.14%, buyers are starting to come to the market with purchasing their new home in sight as affordability is becoming a mainstay of this current rate.

“The more reliable building permits data suggest that demand for new single-family homes bottomed out in the first quarter after a rate-related pullback in late 2013, and has resumed mild growth,” economists at Wrightson ICAP stated. Sales of previously owned homes has risen nationally as well up 1.3% this previous month to approximately 4.65 annually. As of right now, existing home sales takes a majority of the The Cliffs real estate market with an astounding 90% of all of transactions in the United States.

What is nice to notice though is that although the drastic increase that we saw last year helped to pick up the real estate market out of our current slump, the steady and every so slightly subtly increase month after month is a nice indication that the market is here to stay.

About Us

Carolina Mountain Real Estate is a boutique real estate firm where every decision is centered on developing personal relationships based on honesty, integrity and real estate professionalism. We offer a seasoned sales and listing staff with a combined total of 50+ years of experience.

Contact Us

3598 Highway 11, Suite 108
Travelers Rest, SC 29690
 
 

Search Tools

Basic Search

My Account

Advanced Search

Home Valuation

Map Search

Mortgage Calculator