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Greer Real Estate Outlook For 2014

Orlando Real Estate Projections

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.

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Greenville Real Estate Statistics for April 2014

The numbers for Greenville Real Estate are in and the outlook looks very promising! See just what to expect over the next few months as the housing market continues to thrive in these seller friendly market conditions. As the summer months draw closer though, be sure too see just how fast Greenville homes could in fact sell with multiple buyers flocking to the market even more so than they are right now. With limited inventory, rising prices and record low mortgage rates, the conditions are perfect for sellers to get the most out of their home while enjoying limited time on the Greenville real estate market.

Contact Carolina Mountain Real Estate for any and all Greenville news and to see just how much your home may be worth. The more you know, the more ideal of an executive decision you can make on your property to see if now really is the perfect time for you to look in to moving. Contact us today and let us help you get all of the info that you desire on your property.

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Why You Should Hire A Greenville Real Estate Agent

Greenville Real Estate Agent

This infographic explains perfectly why Greenville real estate agents are a necessity when selling or purchasing your Sarasota real estate. The amount of outside work these agents have to do is well worth the commission that you pay in the end. Paying for time saved and work completed are well worth the 3% to the agent when it is all said and done. Greenville real estate is having a spike right now and the faster you find you perfect dream home, the more likely you are to get it. Moving fast is a big part of this low inventory, high buyer market we are currently experiencing and the faster you move the better.

Contact Carolina Mountain Real Estate today and we can help you make your real estate life that much simpler!

Posted in: Blog Tagged: carolina mountain real estate, greenville luxury homes, greenville luxury real estate, greer homes for sale, greer luxury homes, greer luxury real estate, greer real estate, south carolina luxury homes, south carolina luxury real estate, south carolina real estate, the cliffs luxury homes, travelers rest luxury homes, travelers rest luxury real estate, travelers rest real estate

Greer Real Estate A Top Purchase For Millennials

In the past year alone, we have stated multiple times that the millennial generation is in fact looking to purchase Greer real estate more than you would expect. Although many believe that the new generation is a little reluctant to purchase a home, and who would not blame them with the way the economy has gone over the past few years, but with home prices starting to rise and mortgage rates still at relatively low prices, many of the younger home buyers are seeing the potential return on investment in comparison to just renting. Even though many experts may speak the other way when talking about the millennial generation and Greer real estate, the newest report from the National Association of Realtors saw a larger market share in the recent purchases nation wide than previously.

The results are in and here are the percentages of Greer real estate buyers over the past month by generations:

30 percent – Generation X

30 percent – Baby Boomer Generation

9 percent – Silent Generation

Even the National Association of Realtors Chief Economist Lawrence Yun stated, “Given that Millennials are the largest generation in history after the baby boomers, it means there is a potential for strong underlying demand. Moreover, their aspiration and the long-term investment aspect to owning a home remain solid among young people.” It was also discovered through the survey that 87 percent of those that purchased a home and were 33 years of age or younger stated that a Greer real estate purchase was a great investment financially. The middle age of the millennial generation that purchased a home was 29 and the median income was approximately $73,600. The good news is that 87 percent of those that did purchase a home purchased an existing Greer home and are planning on keeping their home for a long investment of approximately 10 years. And of course to the biggest surprise, the younger generations were looking for information and help from real estate agents in comparison to the older groups that searched on their own. Although all of the information is readily available online, a source that many millennials cherish, older generations have the experience and know how of the process from previous purchases, making a real estate agent a necessity for the paper work process, but not for the finding process.

From this entire survey, it seems that millennials are ecstatic to begin their work with Greer real estate agents as the market continues to thrive. Of course, if you are looking to purchase or sell a home, please feel free to contact Carolina Mountain Real Estate for any and all information you may need on where this rising market is going in your area.

Posted in: Blog Tagged: carolina mountain real estate, greenville luxury homes, greenville luxury real estate, greer homes for sale, greer luxury homes, greer luxury real estate, greer real estate, south carolina luxury homes, south carolina luxury real estate, south carolina real estate, the cliffs luxury homes, travelers rest luxury homes, travelers rest luxury real estate, travelers rest real estate

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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.

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3598 Highway 11, Suite 108
Travelers Rest, SC 29690
 
(864) 610-0775
 
info@carolinamountainre.com

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Information contained in this web site is deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal notice. Prices and availability subject to change. All specifications supplied by builder/seller, and subject to change or modification. Membership classification and availability are subject to change. It is the responsibility of the buyer or buyer's agent to verify.
- W. David Robertson, Broker-in-Charge / Carolina Mountain Real Estate, LLC

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