Carolina Luxury Living Blog

Greater Greenville Real Estate Market 

AUGUST 2017

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

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Greater Greenville Real Estate Market 

JULY 2017

In the report Profile of Home Staging, The National Association of REALTORS® has found that forty-nine percent of buyers’ agents that were surveyed cited that homes staging had an effect on most buyer’s view of the home. Seventy-seven percent of buyers’ agents said staging a home made it easier for a buyer to visualize the property as a future home. Staging the living room for buyers was found to be most important (55 percent), followed by staging the master bedroom (51 percent), and staging the kitchen (41 percent). About one-third of buyer’s agents said that staging a home increased the dollar value offered between one and five percent compared to other similar homes on the market that are not

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National Real Estate Market
"This Month in Real Estate" - JULY 2017

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 July 2017.

*Video by KW® Realty.

Contact us at Carolina Luxury Properties to find out more about our local market conditions.

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Greater Greenville Real Estate Market 

JUNE 2017

Realtor.org reported that "Pending home sales in the South declined 2.7 percent to an index of 125.9 in April and are now 2.3 percent below last April." However, pending home sales in April turn into closed home sales in May. The numbers below show that Greenville is holding steady with a slight increase in the number of units sold since last May. No wonder since Greenville SC has been ranked in a report by the United States Census Bureau as one of the top 5 fastest growing cities in the US (The other four were in Texas)!

Do you know how to protect yourself from mortgage phishing scams? Unfortunately this type of scam is on the rise and we want to protect our clients and customers! So watch this

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National Real Estate Market
"This Month in Real Estate" - JUNE 2017

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 June 2017.

*Video by KW® Realty.

Contact us at Carolina Luxury Properties to find out more about our local market conditions.

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Greater Greenville Real Estate Market 

MAY 2017

According to the National Association of Home Builders' Remodeling Market Index (RMI) survey for the 1st quarter of 2017, a simple “desire for better/newer amenities” once again ranked as the number one reason customers choose to remodel their homes. But if you are considering remodeling your new home, the third costly mistake new homeowners make in their first year, according to the article: 8 Costly Missteps New Homeowners Make in Their First Year, is making investments without checking the ROI. The answer? "Before you pick up a sledgehammer, check with an agent or appraiser, who usually are happy to share their knowledge about how much moola an improvement will eventually deliver."

Greenville SC

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National Real Estate Market
"This Month in Real Estate" - MAY 2017

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 May 2017.

*Video by KW® Realty.

Contact us at Carolina Luxury Properties to find out more about our local market conditions.

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Greater Greenville Real Estate Market 

APRIL 2017

According to a news release by the National Association of Realtors®, "all major regions saw a notable hike in contract activity last month (February 2017)." The release also stated that the 'Pending Home Sales Index, a forward-looking indicator based on contract signings, jumped 5.5 percent to 112.3 in February from 106.4 in January. Last month's index reading is 2.6 percent above a year ago, is the highest since last April (113.6) and the second highest since May 2006 (112.5).' To read the full article visit realtor.org.

Let's see how Greenville compared to the rest of the US. Here are the comparison stats for MARCH 2016/2017:

  Avg DOM # Units Sold Avg Sold Price
March
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National Real Estate Market
"This Month in Real Estate" - APRIL 2017

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 April 2017.

*Video by KW® Realty.

Contact us at Carolina Luxury Properties to find out more about our local market conditions.

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Greater Greenville Real Estate Market 

MARCH 2017

Looks like winter is finally wrapping up this week here in the South. Despite the topsy turvy weather, the Greenville real estate market is not suffering. Check out the stats for February! 

Comparison Stats for FEBRUARY 2016/2017:

  Avg DOM # Units Sold Avg Sold Price
FEB 2016 74 776 $ 194,593
FEB 2017 72 784 $ 205,159
% Inc/Decrease -2.7% +1.03% +5.4%

*All information/graphs from the Greater Greenville Association of Realtors.

Before you buy another home, do your homework! Check out this article from houselogic.com:

  • Exterior of tudor house

    7 Steps to Take Before You Buy a Home

    By doing your homework before you buy, you’ll

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