The Greater Greenville Real Estate Market – November 2017

#3 The Best Small Cities by Condé Nast!

Greenville SC continues to receive a lot of media attention. Recently we have been ranked number 3 on Condé Nast Traveler Readers’ Choice Awards for The Best Small Cities! These are cities with a population of under 1 million.

The real estate market for the Greater Greenville area is holding fairly steady. Residential sales saw an almost 7 percent increase in the average sold price from October 2016 to October 2017.

According to Realtor.org’s Regional Breakdown: “Existing-home sales in the South decreased 3.2 percent to an annual rate of 2.14 million in October, but are still 0.5 percent above October 2014. The median price in the South was $188,800, up 6.2 percent from a year ago.” In comparison to our southern neighbors, Greenville is doing very well!

For more information on reported  national sales in October follow this link: Existing-Home Sales Dial Back in October.

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Greenville SC comparison stats for OCTOBER 2016/2017:

	Avg DOM	# Units Sold	Avg Sold Price
October 2016	54	999	$214,515
October 2017	51	1001	$229,053
% Inc/Decrease	-5.5%	+0.2%	+6.7%

*All information/graphs from the Greater Greenville Association of Realtors® or The National Association of Realtors®.

National Real Estate Market – October 2017 “This Month in Real Estate”

Knowing the current real estate market conditions can help you decide if you want to list your property or if it is a good time to buy. This short video from KW® Realty highlights the most recent real estate market conditions in the US as of October 2017.

*Video by KW® Realty.

Contact us at Carolina Mountain Real Estate to find out more about our local market conditions.

The Greater Greenville Real Estate Market – October 2017

Greenville SC – A Hot Culinary Destination!

The Greater Greenville real estate market shows a 7 percent increase in the average residential sold price for September 2017 over September 2016. However, the number of units sold in September 2017 has decreased about 3 percent since September of last year.

It is now the end of the third quarter for sales. A comparison between 2016 and 2017 shows a 3 percent increase in the number of units sold. 9,624 units sold in 2016 and 9,900 units sold in 2017. Also, 2017 saw a 7 percent increase in the average sold price from 2016. The average sold price in 2016 was $207,898 and the average sold price in 2017 is $221,961. Thus far, over all, Greenville is doing very well!

Did you know that there are 34 cities named Greenville in the United States? Who would have thought that our Greenville would now be considered a “hot culinary destination?” According to Garden&Gun, VacationIdea,  USA Today, The Charlotte Observer, and The Washington Post we are!

The article by The Washington Post noted the following:

“Greenville’s vibrant food scene has received praise from Zagat as an under-theradar Southern food destination and from Esquire as the next big food city of the South. Not to mention that chef Sean Brock, a James Beard Award winner, chose Greenville as the third location for his acclaimed restaurant, Husk, which is slated to open this fall/early winter.” Read more…

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Greenville SC comparison stats for SEPTEMBER 2016/2017:

	Avg DOM	# Units Sold	Avg Sold Price
September 2016	50	1153	$207,320
September 2017	44	1123	$221,604
% Inc/Decrease	-12%	-2.6%	+6.8%

*All information/graphs from the Greater Greenville Association of Realtors® or The National Association of Realtors®.

National Real Estate Market – September 2017 “This Month in Real Estate”

Knowing the current real estate market conditions can help you decide if you want to list your property or if it is a good time to buy. This short video from KW® Realty highlights the most recent real estate market conditions in the US as of September 2017.

*Video by KW® Realty.

Contact us at Carolina Mountain Real Estate to find out more about our local market conditions.

The National Association of REALTORS® reports that existing-home sales in the South fell 3.0 percent in the second quarter but are 2.5 percent higher than the second quarter of 2016. The median existing single-family home price in the South was $229,400 in the second quarter, 6.7 percent above a year earlier. Nationally, the same quarterly report states that home prices jumped 6.2 percent in the second quarter.

The Greater Greenville area saw a 5 percent increase in the sold price for homes from the second quarter of 2017 over 2016. And the number of home sales stayed fairly even with 3,621 home sales in 2016 and 3,629 home sales in 2017. The NAR points out that the increase in the price for existing homes is because supply levels continue low nationally.

According to a new survey from the National Association of REALTORS®, 71 percent of Americans believe that now is a good time to sell their home!

Greenville SC comparison stats for JULY 2016/2017:

	Avg DOM	# Units Sold	Avg Sold Price
July 2016	53	1176	$215,215
July 2017	48	1226	$227,749
% Inc/Decrease	-9.4%	+4.2%	+5.8%

*All information/graphs from the Greater Greenville Association of Realtors® or The National Association of Realtors®.