The time has never been better to invest in a home in Greenville, South Carolina. The current real estate market has been remarkably steady in the first few months of 2007 and shows no signs of waning. In fact, the local market has not experienced the fabled "real estate bubble" that seems to be a hot topic in most of the home markets around the country. The question remains, "what is it that has set Greenville apart from other real estate markets?"
Well, one of the major factors is the remarkable appreciation rate of the area's historic homes. These beautiful pieces of property are appreciating at a rate of 3-4% per year. This is a sustainable level of increase when looked at in comparison to markets around the country that are experiencing periods of wild fluctuation. Other factors involved in the stability of the Greenville market are things like the excellent employment opportunities, the fine education system and accolades like being the 2003 winner of the "Great American Main Street Award."
Greenville has an extremely active real estate market. Current inventory is right in line with past years with over 5,000 current active listings. With an average price of approximately $260,592, Greenville is an attractive and affordable area in which to live. To give the common buyer or seller an idea of the action that this market has seen, there have been over 2,000 homes sold already this year with an average price of $176, 755. On the mean, homes spent an average of 88 days on the market and sold for an impressive 97% of their original list price.
Growth is another reason for the excellent shape of the Greenville market. A current inventory of almost 1500 new construction homes has brought new life to an already vibrant area. These new homes are listed for an average price of $312,643 and most are located in the outlying areas of Simpsonville and Greer.
