- Blog Archive: April, 2007

- Blog Archive: April, 2007 Close

April 2007

There are 3 blog entries for April 2007.

The Greenville News reported on April 13th that a new downtown building has been announced.  This nine-story building at the corner of South Main and East Court streets will most likely house upscale residences with shopping or offices on the main floor. The residences on floors two through seven would be approximately 4,400 square feet plus they will have balconies.

If all goes as planned, construction will begin in July and be completed by August 2008. The downtown Greenville real estate market continues to grow and offer housing options leaning towards the more affluent home buyers.

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According to U.S. Census Bureau figures released last week, Greenville South Carolina is one of the top 100 fastest growing urban areas in the country.  Greenville came in at number 79 and was joined by Columbia, Charleston and Myrtle Beach as the other South Carolina cities mentioned in the list. The population for Greenville County is approximately 400,000. This includes Simpsonville, Greer, Taylors and Mauldin.

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The first quarter of 2007 is over and it is time to take a look at the Greenville South Carolina Real Estate market and compare it to the performance of the first quarter of 2006. After a slow start this year, home buying activity in the Greenville area has picked up and home prices have stabilized.

  2006 1st Quarter 2007 1st Quarter
Listings Sold 2025 1854
Average Sales Price $177,512 $177,011
Average Days On Market 94 90
Current Active Listings   4901

New home inventory continues to rise slightly and the average sales price of new homes is substantially higher than existing home sales.  The largest number of new homes are in the Simpsonville and Greer areas.

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