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A monthly review of our team & the Greenville Real Estate MarketFall is around the corner...
After a break for summer our newsletter is back on track. Summer sales followed past trends of strong sales in June, slowing in July and strong again in August just in time for school to start. September typically has been a slower month as people are busy with Fall activities and school starting. This year, is has more sales then the previous two years and shows the confidence the buying public has in the economy. See our charts and summary below for more real estate insights.
Fountain Inn: This week we were visiting Fountain Inn in conjunction with one of our listings that had land, and sold quickly. Fountain Inn typically has more land around the homes. I was very surprised at the well defined downtown area and the streetscape improvements that have taken place over the past few years. I've included photos throughout this blog of the Fountain Inn downtown area. Areas that have seen improvement/attention include the actual sidewalks and lamps along the main street, side streets with cafe tables and sitting areas out of the sun, a water fountain and Saturday market pavilion, a renovated railroad depot and side buildings with original siding and structure still in place. With Mauldin putting in their section of the Swamp Rabbit Trail and Simpsonville committing to a portion as well, Fountain Inn is considering joining the trail as well.
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Greater Greenville Market Data Overview(Condo & Single Family Home Sales as of September 16th) |
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August |
2019 |
2018 |
Homes Sold |
1505 |
1359 |
Active Homes |
5128 |
4001 |
Average Sales Price |
$255,470 |
$239,792 |
Median Sales Price |
$220,000 |
$202,000 |
Average Days On Market (DOM) |
49 |
46 |
Thinking of listing? Talk to us about your home's value and our 3D interactive home tour. It's like having an open house 24-7 without the inconvenience! 864-679-0707.
What is the Parallel Project you ask? It is a project that's overall goal is to help with the congestion on Woodruff road. This project addressed the traffic from I-85 to Verdae Blvd. It opened a road behind the Home Depot and Target and runs it over to Verdae Blvd and connects two other side roads in the process. Once drivers learn about these roads it should cut down on some of the congestion in this area of Woodruff Road. The part I am looking forward to is when they figure out how to improve the Garlington exchange at Woodruff road among others. Good job Piedmont Natural Gas who came up with the solution.
Local Developments:
Greer Mill possibly up for redevelopment: The mill, Greer Mill, at the corner of 300 Connecticut Ave is being submitted to the city for renovation into a mixed use development. The builders are hoping to incorporate residential and commercial including 120 studio apartments, a boutique hotel, office space, restaurants, brewery, a gym, self-storage and a common area. The facility is 8.45 acres and is only 5 minutes from downtown Greer's central business district. The surrounding area is primarily residential mill village houses. These houses would be a good buy to hold onto and renovate for future investment.
![]() SEPTEMBER 2019 |
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DEMAND |
Rising |
INVENTORY |
Rising |
PRICE |
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GSP Airport: Opened their $33 million air cargo facility which will allow significantly more domestic and international freight, which is an important component when companies are looking to move to Greenville, SC.
Taylors Mill: Has announced two new tenants, The Mad Smash and The Blue Ox Hatchet House. These two businesses are thinking outside the box. The Mad Smash specialises in allowing clients to smash breakables OR get a massage. WOW, I want to try this place out. The Blue OX is also unique in that you get to throw hatchets. Really. I'm not kidding. Please support these businesses just for the novelty of it. Pretty cool. They will be in the Dock #3 area of the mill near 13 Stripes Brewery and The Farehouse. Sounds like some cool hangout options are growing in this location.
I-85-I-385 Construction: I recently found a cool video on the construction interchange going on. The video was fascinating in how the traffic will change and the new roads that will be or are built. View it here http://www.85385gateway.com/video.aspx
Albino Deer? Is there such a thing? Check out the photo of one that was taken in Seneca, SC. COOOOOL.
Cunningham Team Client Testimonial |
A monthly review of our team & the Greenville Real Estate MarketSummer is Here!
One of my favorite things to do for the newsletter is to go over all the coolest events that are happening in Greenville, SC. One that only Greenville has:
Furman Music by the Lake concert series running May 23rd - August 1st. This is a 10 concert series which has been going on since 1968. Thursday evenings at 7:30pm it's free, just bring your picnic, blanket and chairs.
![]() Shakespeare in the Park marks 25 YEARS! This is a must do activity at least once for all Greenvillians. There is nothing like watching a live show in the park with a picnic and family/friends. AND ITS FREE. That's entertainment that's hard to beat. The schedule for this summer is:
"Romeo & Juliet" Now - June 16th Thursdays-Sundays at 7PM
"The Tempest" July 11th - August 4th Thursdays-Sundays at 7PM
When coming for an evening in the park here's what to bring; lawn chairs, blanket, picnic. The best parking is behind County Square. No dogs are allowed. Come early for the Romeo and Juliet play as that one will be popular and ENJOY!
![]() In Travelers Rest the states LARGEST farmers market opened it's doors for the 2019 season. Many local farmer's markets have started up this month including the downtown Greenville farmer's market, Simpsonville, Mauldin, Fountain Inn, Greer, Hub City (Spartanburg), Easley and Anderson's farmer's markets to name a few! Google local Greenville farmers markets to see the extensive list and more information. It's a great way to start your weekend.
Greenville Chamber of Commerce moves to new location. The old location at 24 Cleveland Street was sold recently as it was outdated and too much space for the chamber. The old location was prime real estate, next to the cancer survivor's park along the swamp rabbit trail. I am sure it brought in a nice profit. The chamber new location will be in the central Riverplace building located on Main Street and the Reedy River. The Chamber is a non-profit organization that was established 130 year ago. It is an organization to help facilitate economic growth so that businesses can succeed and people can prosper (according to their mission statement) :) in the upstate area.
New Homewood Suites in downtown Greenville, SC is open. By Hilton, these units have a full kitchen and are for extended stays. The unique thing about this hotel is that it is across the street from FLUOR field. Talk about a nice place to hang out for a while. HEY, date weekend!!! Ok not so fun if you aren't a baseball fan, but the restaurants, spas and shops in the area are pretty special too. I can't think of any other hotels in the West End currently so this is a first! Every Monday- Thursday evening they will be having a drink social and hot breakfasts every morning.
![]() Jones Gap State Park Photo from betheupstate.orgAdventures in the Upstate. Upstate Forever is a non-profit that aims to protect the natural assets of the Upstate. Upstate Forever is 20 years old and has protected more then 22,000 acres since 1998. They recently highlighted 15 amazing outdoor activities in the annual publication Upstate Advocate, activities are located in some of the parks/reserves they have protected in order to highlight why they do what they do. A quick run down is:
Cunningham Team Home LISTING200 Molano Court, Greenville, SC 29607List Price $315,900 | 4 BD x 2.5 BA | 3,400 s.f.![]() Find out more information on Adventures in the Upstate and other activities at BetheUpstate.com or pick up an Upstate Advocate Spring/Summer 2019 magazine in many locations downtown. These assets are a BIG reason people LOVE living in Greenville, SC. Many of the outdoor features and geography are unique in the WORLD. They make owning a home in Greenville valuable and as I always like to say - it increases our quality of life tremendously therefore increasing our property values (not that I care anything about that...lol) Seriously though, It's like a Credit Card commercial, the value of the UPSTATE's natural resources...priceless. MAY Sales
Real Estate Sales - May marks the 6 Month of the year. There are fewer homes for sale at the lower end of the price spectrum and therefore less sales in that price range. In the upper price ranges inventory and sales are rising compared with June 2018-May 2019. Overall closed sales were up 2.4%. The $200k-$300k priced homes increased the most with a sales gain of 17.9%. Strongest sales were in the homes with 4 or more bedrooms, their sales rose 4.9%. Inventory levels, which are imporatant because without them there are no homes to buy, were up 27.4% Condos lead the rise in inventory with an increase of 85.8% due to all the new condo buildings in downtown Greenville. At the current selling rate there are 5 months supply of condos if no new condos are put up for sale. The supply of condos and homes for sale gives buyers more options and encourages competition among sellers. The current trends in the market show a balance between buyers and sellers. This is true of markets across the nation according to GGAR, Greenville Greater Association of Realtors.
Thinking of listing? Talk to us about your home's value and our 3D interactive home tour. It's like having an open house 24-7 without the inconvenience! 864-679-0707. Sources: GGAR MLS? DID YOU KNOW ?Front Porches are a new Trend in homes.
According to the National Association of Home Builders adding or enclosing a front porch is the most common request for renovations. Front porches are now included in about 65% of new home builds.
Mauldin Listed Among Most Affordable Cities in SCHomeSnacks.com was ranked at number 4 for the cheapest places in SC to live this year. HomeSnacks looks at many metrics including income, home prices, rent, safety, education, jobs and more. Mauldins median income was $65,539 with home prices having a median value of $153,700. With the work the city is doing to the downtown area (see the rendering of the Bridgeway Station project below) this area is set to boom. Add in the fact that they (hopefully) will complete their portion of the Swamp Rabbit Trail in the next few years and you have a ripe real estate opportunity. Many investors have already tuned into this fact and are buying and developing (Conestee Mill development for one) rapidly so do not wait to purchase a home here if you are thinking of it. ![]() The Bridgeway Station development will be an urban village re-making Maudin's town center and will consisting of 40 acres along I-385 in Mauldin, just south of Butler Road. It will have residential, retail, restaurants, shopping, dining and entertainment. It will also be just a part of a larger development coming in the future. With a price tag of $100 million it will be quite the project. It will take 18 months and will be along both sides of Main Street Maudin. It will give downtown Mauldin a focal point. A major point it the Bridgeway Station project is that it will make connecting with the Swamp Rabbit Trail at an amphitheater and public park a big part of it's design. A pedestrian bridge over I-385 is planned for the Swamp Rabbit Trail connection. The first phase is slated to open in 2020. It will be an internet connected, environmentally friendly and pedestrian focused place. They are encouraging a design that will host music, events, festivals and more. This urban village will be the first of it's kind in the Upstate. I'm already excited to check it out. ? DID YOU KNOW ?Roof Top Restaurants/Bars
A new Phenom - for Greenville, SC - is our roof top (or open air) bars and restaurants. We now have 8 new places to enjoy the awesome warm weather, mountain views and Greenville skyline. More great reasons to call Greenville home.
Up on the Roof (250 Riverplace thru Embassy Suites lobby) | SIP Whiskey & Wine Bar (103 N.Main St #400) | Ink N Ivy (1 E.Coffee St) | Carolina Ale House (113 S.Main St, 2nd Floor open to air) | Jianna (600 S.Main St, 2nd Fl) | Gringo's Cantina (11 Falls Park Dr.) | The Anchorage (586 Perry Ave, The Village of West Greenville) | WXYZ at Aloft (5 N Laurens St, 4th Florr)
Greenville Roper Mountain Science Center announces new Facility.The new facility will be an environmental education facility with over 28,000 sf. of interior space. hall as well as other locations. It will go between the Harrison Hall of Natural Sciences and the main parking area, in the location of the old amphitheater. It will have digital maps, classrooms, interactive work stations which will display cause and effect of decisions about food, clothing, water and waste to name a few. It will have a host of new amenities unlike any seen before. It will be a huge asset to Greenville, SC. Completion date is scheduled for fall of 2020. If you haven't checked out the science center and you have kids or not it's a must see. Sources: Greenville Journal
Cunningham Team Home LISTING91 Randall Drive, Taylors, SC 29687Listing Price: $349,900 | 4BR x 2.5BA | 2,200 S.F.~ with 6.6 Acres a creek and pond ~![]()
"Lee, Informative without being over the top and no hard sell. Excellent info on properties. We are not familiar with South Carolina real estate and the detail is great. ~ R. Thompson
HAPPY CLIENTS AT CLOSING with Lee Cunningham![]() What's SOLD in YOUR neighborhood?Get active, under contract and sold homes report for the ANY neighborhood. Be better informed about selling prices for properties and your future home. |
A monthly review of our team & the Greenville Real Estate MarketSpring has sprung with TONS of events, festivals and activities.
Many activities have started up, as we reviewed in lost months blog, so this month we will continue our overview of Travelers Rest by reviewing some of the restaurants that have flourished in the past few years - after some local news.
Farmers Markets ARE HERE. In Travelers Rest the states LARGEST farmers market opened it's doors for the 2019 season. Many local farmer's markets have started up this month including the downtown Greenville farmer's market, Simpsonville, Mauldin, Fountain Inn, Greer, Hub City (Spartanburg), Easley and Anderson's farmer's markets to name a few! Google local Greenville farmers markets to see the extensive list and more information. It's a great way to start your weekend.
What is the Golden Strip? and are they getting the Swamp Rabbit Trail. The Golden Strip in Greenville County, SC is a reference to Mauldin, Simpsonville and Fountain Inn, the towns that stretch along I-385 south towards Columbia. Concerning the Swamp Rabbit Trail, Fountain Inn is ahead of the curve and has already built a section of the Swamp Rabbit Trail in their city, but unless the other towns in the Golden Strip build a connection Fountain Inn's trail won't connect to the rest of the county. Simpsonville is voting on moving forward with funding for the trail they hope will connect through Mauldin. The trail is planned out and runs along an old railroad, connecting to Fountain Inn, but can't plan for Mauldin yet. Mauldin is further behind in building a trail partly because they are involved in re-developing their whole downtown "scene" as they don't have a traditional one. Their downtown has 4 lane highways running through it and their county buildings sit on "super blocks".
Photo: LAUREN PETRACCA
Mauldin officials are considering an alternative route that uses exiting green-way trails on a branch of Gilbert Creek. The great growth Travelers Rest has had is a great boon and encouragement for the Golden Strip town to connect as well because all this development takes significant amounts of money. Before any of these sections can be connected to downtown the much anticipated extension from Cleveland Park thru the Laurens Road corridor to Clemson's International Center for Automotive Research - ICAR needs to be completed, and is close to acquiring all needed land to finish their section of the trail. Sources: Greenville News
Artisphere. This past weekend saw Mothers Day falling on the same weekend as Artisphere. The festival has evolved a great deal since it's beginnings - in a good way. There are now more performances and vendors that "perform" rather then just stalls for art purchases. It was a fun and interesting way to spend some time this weekend and the art on display was AMAZING.
April Sales
Real Estate Sales HIGH Sales for April were about 150 units over what the real estate market sold last year and have doubled in volume from a low in January. Prices are continuing to rise and are up $15,000 over average and median home prices just a year ago. Looking at our historical graph (see graph below) of average home prices it shows a growth of about $50,000 in average home prices since 2007. Of course homes in the downtown and along the swamp rabbit trail have sometimes risen by 200% over prices in 2013. Inventory is higher then the past few years giving home buyers more choice and negotiation leverage.
Thinking of listing? Talk to us about your home's value and our 3D interactive home tour. It's like having an open house 24-7 without the inconvenience! 864-67-0707.
![]() Sources: GGAR MLSEating Well on the Swamp Rabbit Trail in Travelers Rest, SCEating well, whatever your definition of that happens to be, is easy on the Swamp Rabbit Trail in Travelers Rest, SC! Whether you like barbecue, bar food, tacos, sushi, vegetarian, vegan, American classics, or a combination, you can find it all on this less than one mile stretch of Main Street in Travelers Rest. ![]() And if you have a thirst you need to slake, water, sodas, tea, coffee - craft beers and crafted cocktails - are also available. The opening of the Swamp Rabbit Trail (SRT), a 22-mile long paved trail through Greenville County, in 2009 has been a boon for the small town of Travelers Rest (TR), SC. Once known simply as a place to pass through on the way from the mountains to Greenville, TR has become a destination for foodies and lovers of all things outdoors. TR’s Main Street and the SRT run right next to each other through downtown TR with walkers, bikers, and runners making frequent use of them both. The restaurants on Main Street have done their best to provide a welcoming atmosphere for the folks who find themselves thirsty and or hungry. Bike racks abound. Animals are welcome on the outdoor patios. Some of the restaurants right on the trail even provide back door service for drinks and treats. ? DID YOU KNOW ?CLAY TILES
Clay tiles have been used by nearly every civilization as a roofing material, but the idea can actually be traced back to as far as 10,000 B.C. to those in China and the Middle East.
The Greenville Health System (now Prisma Health) developed a guide, called “The Carrot”, to help find THE restaurant to satisfy your hunger on the SRT. In it you will find a map of food, drinks, and beer within a short “hop” of the Swamp Rabbit Trail. Available in hard copy and on-line, the Trail map is divided into logical geographic sections. Travelers Rest, South Carolina has its own page. Restaurants, bars, farmers markets, grocery stores, ice cream shops, and bakeries all have their own color code. The page facing each map lists all the businesses, with their color code and number, located in that particular section. Website addresses and phone numbers are also included in the listing. The guides are available at TR’s town hall as well as other locations.
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Number 9 on the map is Tandem Creperie, which opened its doors in August of 2014. Brad and Kristen Hartman are dedicated to the idea that “together is best”. The vision of this emporium of deliciousness is to provide a caring, hospitable atmosphere in which families and friends can spend meaningful time together. The specialty of the house is crepes, both savory and sweet. They also serve whole wheat waffles and homemade granola. And don’t forget the coffee-delicious Counter Culture coffee. Also available are hand crafted sodas, kombucha, fresh squeezed orange juice, and a selection of teas.
One of the older restaurants, The Whistle Stop at the American Café (#15) and located directly on the trail, was started in 1932. The original restaurant began in a different building but moved to The American Café in the 1970s. Vickie Hawkins’ grandfather owned the restaurant from 1945 to the mid 60s. She remembers spending time in the restaurant with her grandfather, sitting at the bar as he supervised his business. The second stool from the left at the bar was hers. Her grandfather claimed the first stool. The café was a whistle stop during the steam train era. While that era had passed, Ms. Hawkins remembers hearing the whistle as the train would approach from the south side of the restaurant. Her grandfather would fix a couple of hot dogs and pour an RC Cola and Ms. Hawkins would run it out to the train as it passed the rear of the restaurant.
The train didn’t stop but was moving at a crawl so she could safely hand her bounty to the train operator. Ms. Hawkins, a 3rd generation owner, has worked hard to provide a comfortable place for visitors, including adding rooftop dining, expanding the main dining area, and adding a “caboose” at the back of the restaurant to serve refreshments and treats to the people on the SRT. The restaurant is open for lunch and dinner and the menu is extensive - everything from appetizers to salads, pizza to full entrees, drinks to dessert.
The tour we’ve taken today did not cover all the goodies available along the Swamp Rabbit Trail. Other restaurants along the Trail include Petee’s Good Foods (#8), Northwest Grill (#7), TReats Smoothie and Juice Bar (#6), Leopard Forest Coffee Company (#5), the TReeHouse Café and Studio (#4), and Pink Mama’s Ice Cream Shop (#3). (The capitalized TRs in the above sentence are not typos but are a tribute to the town of Travelers Rest-TR as it is known among the locals.) And the culinary scene in Travelers Rest, South Carolina continues to grow.
“The Carrot” will need updating before long! The growth in Travelers Rest, South Carolina is a tribute to the county planners who started the Swamp Rabbit Trail and saw the potential of having a pedestrian friendly mode of transportation. Greenville & TR's leaders continue to make great choices which brings tremendous value to Greenville's real estate market and Greenville's quality of life.
Have a great month and enjoy the spring/summer weather!
Cunningham Team Client Testimonial |
A monthly review of our team & the Greenville Real Estate MarketWhat's Happening in Greenville Real Estate News
A variety of big and small events are unrolling rapidly so we will try to update you. I-85 Gateway Project is behind schedule. This should be no surprise to anyone who has noticed the 6 months of seemingly continuous rain we've had this year in Greenville. Finally the sun is out and the completion date, which was this month, has been adjusted to Jan 24th 2020 (yes, exactly on the 24. :). Hurricanes and wetland permits with additional work added are blamed for the delay. The contractor could be fined $25,000 a day if work is not completed on time. Source: Upstate Business Journal
Poe West development in The Village of West Greenville are unveiled. In the former Poe West Hardware & Supply Co a 60,000 s.f. development is being planned which will include retail, restaurant, Class-A office space and educational facilities. A 2019 opening for the new complex is planned. Greenville Tech's new Center for Culinary and Hospitality Innovation (CHI) along with Carolina Bauernhaus Brewery & Winery, LaRue Fine Chocolate and Six and Twenty distillery will be the anchor tenants. Sounds like it will be a delicious place to visit. Homes for sale close by will start demanding a premium price to be within walking distance of these treats. Source: Upstate Business Journal Distillery to open new location in the Village of West Greenville! The Six&Twenty Distillery, founded in Powdersville, is opening new doors in downtown Greenville, SC at the above mentioned Poe West. The distillery will be much more then just a local bar as it will have full production in view of the patrons. Cocktail classes and retail and event space will also be available. Tours will of course be given of the production areas. The distillery will be neighbors with the Greenville Tech culinary school a beneficial pairing. Six & Twenty has become one of South Carolina's premier craft distilleries, using local grains. They specialize in small batch whiskeys, bourbons and vodkas. Source: Upstate Business Journal 301 East Broad Street Condo Development. Yes, yet another cool new condo development is going in downtown. Are there to many condos? Not yet, all the new units going in get sold out pretty quickly. Downtown is just plain HOT. The 301 E Broad condos will have 38 units and will be across the street from McBee Station and all the conveniences available there including a publix, restaurants, doctors and more. These condos will have only a 3 block walk to Main Street and the new Camperdown (Greenville News) development. Prisma Health to build "Destination Zone" in Greenville, SC. Prisma Health, the new owners of Greenville Health System, wants to create a one stop shop for families and employees of the medical facilities. They want to have affordable housing, hotels, restaurants, andy amenities needed and even a new cancer center in their vision for the future. This will involve partnerships with local government, universities and businesses. It would also include upgrades in infrastructure and roads. All campuses will need more land and that drives up area prices near the campuses. They have a 5-10 year horizon for these changes. Source: Greenville News .408 Jackson mixed-use development to be built across from Flour Field. We mentioned this new development last month, but wanted to give more details. This will be a 5 story complex with a basement. It will surround a 6 story parking complex. The residential portion will face out towards the street and field. The Shoeless Joe Jackson museum currently on site will be moved to a corner closer to the ball field, with the blessings of the family. There will also be retail shops and restaurants that don't need a full kitchen and apartments in the development. Sources: Woodfield Developers, Upstate Business Journal New Grand Bohemian Greenville set to open 2020. This boutique hotel set next to Falls Park's Liberty Bridge will be 7 stories and look like a mountain lodge. I'm sure it will be a sought after place to stay for romantic couple get-aways (I'm making reservations now...just kidding) It is really in a great place and if it offers the type of atmosphere they are talking about it will be a wonderful destination. It will also have a 2 story restaurant and bar overlooking the Reedy River and Falls Park, so you don't need to stay there to enjoy the setting. The hotel will have 187 rooms and a Poseidon Spa as well as flexible indoor and outdoor venue spaces (think weddings and more). I can not wait to check it out, along with all the other new places coming to downtown. All of these new and potential developments add value to your Greenville, SC real estate investments and homes. Buying a home as young as you can is the wisest investment (see our recent blog newsletter subject on the topic of home and wealth), just do not max out your budget. A home is an asset, but only if it improves your quality of life and does not become a burden. March Sales
As you can see from the graph BELOW March sales have continued to climb and are matched up with 2018 sales. The number of listings are up over last year. This is good thing for home buyers as we have had a shortage of inventory for the past few years in the Greenville real estate market. High inventory helps home buyers find what they want and get it at a lower price because there is more competition between home sellers. The Average and median sales price for homes is up just slightly over 2018 which is great for Greenville Home Sellers. Even with the increase in inventory home prices are rising. Home buyers don't need to despair as it means you are getting a good investment. This time of the year is the BEST time to buy or sell as there are more homes on the market and home buyers are looking to buy and move in just after the new school year ends. Thinking of listing? Talk to us about your home's value and our 3D interactive home tour. It's like having an open house 24-7 without the inconvenience! 864-67-0707. Sources: GGAR MLS ? DID YOU KNOW ?The phrase “It’s raining cats and dogs” has several different origin theories. One is that when houses used to have thatched roofs, pets and other small animals (squirrels, groundhogs, etc.) used to nestle into the straw for warmth. When it would rain, however, the straw would become slippery and the animals would slide out, creating the illusion that it was literally raining cats and dogs! Greenville EVENT Series KickoffThe City of Greenville started it's Downtown Event Series on March 21st with Downtown Alive on Thursday nights and Heritage Main Street Fridays. If you are new to Greenville, these events are held in Noma Square with live music, children's activities and lots of fun people! This year we have 24 weeks of cool music and events. Thursdays there will be a food trucks available as well as all the downtown restaurants and shops. This year bands will be performing for your votes as well. You can vote online for your favorite bands and they will earn a paid gig and studio time for their and your efforts. Contest starts in May. These events create a fun and festive atmosphere in downtown Greenville, SC. The events attract patrons to the local retail and restaurants downtown and keeps them vibrant. The events also offer residents of Greenville County a break from the every day, family fun activities and overall improvement in the quality of life we have here in Greenville, SC. All of these things make homes in Greenville a valuable investment. Greenville Scottish Games May 24-26thLittle known fact about the Scottish Games here is Greenville. The City of Greenville LOVES the games as they are one of the top draws for people to come to Greenville from out of town. Those tourism dollars are huge and help Greenville, SC to grow & thrive with money from non-residents (always a happy thing for us home town folks). The games are a fun festival of music, dancing, kids activities and the athletic events. If you haven't been to one yet go check it out. The Games are on the beautiful Furman University campus. Travelers Rest has a new Wildlife Management Area. Just south of Highway 11/276 and about 12 miles from central TR a 1,757 acre parcel of land has been set aside for protection in it's natural state. It is called Tall Pines and contains upland and wetland areas, two lakes, numerous streams and a mile of frontage on the South Saluda River. Fish, deer, turkey, quail and small game live on the land. The land will be available to hunters, anglers, hikers and general public. It has taken 4 years to pull this together and about $4 million in funds. The land is particularly beautiful and is along the Blue Ridge Escarpment. It holds wonders that exist no where else in the state. Trails will be added moving forward. The property is at 556 Moody Bridge Road, Cleveland, SC. There is a sign at the entrance to the property and there are already roads in place that might be converted to trails by the SCDNR, who will maintain the WMA. Sources: travelersresthere.com Another Cunningham Team Home LISTING225 Murrell Road, Greenville, SC 29605List Price $225,000 | 4BD x 3BA | 2,000-2,199 s.f. | 3.1 ACRES
Spring Cleaning FOCUS: Laundry RoomsWe are looking to relocate our laundry room from right as you walk in the back / garage door to a storage closet. We will be converting the storage closet from garage space to home space. This is a smart idea because it will add square footage to our home. The more square footage the more you can ask for your home and still get it to appraise. Loosing the storage space in the garage is a blow as we loved it, but I will love not having the laundry right at the back door more. Plus that space will be converted into a mudroom/pantry, what I've wanted for a long time. Not all the storage will be lost however as we will be raising the floor quite a bit to match the floors in the house so underneath that floor I will install huge drawers that pull out in the garage for large storage space. We have been research the best options for a new laundry to make sure we add a lot of functionality and value to our home. functionality for us now and value to be able to resell for more later. ADD FUNCTION: One neat option we have because we are altering the floor already is to raise the flooring under the Washer/Dryer even more to be easier on the back when pulling clothes out and putting them in. Adding additional cabinet and a counter top for folding is a nice plus. The counter could actually be made to fold down if you want more space in the room for other things. Adding hanging space is a great feature, in this day and age, where else are you going to do it? The days of outside clothes lines seems to be fading into the past. A built in rod or a fold-down bar you can hide are two ways to deal with this option. Purchasing a rolling clothes basket with the bar across the top for hanging folding clothes is a great option as well. REMOVE WHAT's UNNECESSARY: When you are revamping your laundry room make sure to only have the products you need and get rid of old or un-used chemicals. Have the items you use all the time next to the washer and dryer in a cabinet, on top of the appliances or in a tote next to the W/D. Don't use the laundry room as a catch-all (unless you have no other choice) for other household cleaning supplies, mops, vacuums and misc storage. \ ORGANIZE: In the gaps between the machines you can put in a roll-out shelf for many of your laundry supplies and it will keep your laundry room looking clean and neat. Make sure the floor stay clear of clutter and clothing. Laundry floors seem to get dirty from all the fabric and dirt that come in, so clean it as often as you can and have laundry baskets in some sort of organized set-up. They have tall slender laundry baskets now that roll around or you can install a cabinet systems where laundry baskets rest and slide out for easy sorting. These can be labeled for each person so they can grab their clothes and put them away. KEEP CLEAN EASILY: When laundry detergent drips all over the cap/cup just toss it in with the laundry (non-delicates only). A favorite of mine is this non-trash can solution to lint. Try hanging an apartment style mailbox, or planter beside your dryer. Keep a small trash bag or plastic grocery bag in it and toss the lint into it. An easy and convenient solution for lint. ? DID YOU KNOW ?Housewarming. The term “housewarming party” comes from the literal tradition that used to occur before electricity. Every time a person built or bought a new home, guests would bring firewood as gifts and light fires in the home's fireplaces. This not only “christened” the house, but was said to ward off evil spirits. ALL THE CARE FOR CLOTHES: Since this is a dedicated clothing maintenance space make sure it has: a space for all dry cleaning items. A hanging space for your iron and ironing board (try the back of the door, or a fold down one the hide in a cabinet), A small basket for items that need mending or fixing, a small sewing kit for those items as well (it can be kept in the bottom of the basket), a basket for single socks (or a clothesline hung against the wall? ENJOY YOUR SPACE: Always remember that in order for you to enjoy going in the room it needs to be nice and bright. Have good lighting and maybe a window if possible. Light colored paint is always a good idea and minimal window treatments to let the sun shine in. Cunningham Team Home UNDER CONTRACT3 Deerborne Dr, Taylors, SC 29687Listing Price: $229,000 | 3BR x 3BA | 1,800 S.F.( YES, Just Listed and Just Closed. THAT FAST )
Lee and his team are excellent at what they do. He was able to sell our house in ONE day with multiple offers. He got us an amazing price and great terms and we are very thankful for him and his team. He was always easily reachable via phone, email, or text. We moved out of state and he did a great job coordinating all the repairs and things we couldn’t do ourselves. We highly recommend him! ~KellyHAPPY CLIENTS AT CLOSING with Lee CunninghamWhat's SOLD in YOUR neighborhood?Get active, under contract and sold homes report for the ANY neighborhood. Be better informed about selling prices for properties and your future home.
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A monthly BRIEF on the Lighter side of Greenville's Real Estate MarketGreenville Real Estate Spot Light - Travelers RestGreenville, South Carolina is not just about the downtown area, our location close to the Blue Ridge Mountains, and with flowing rivers and lakes close by make this area a great place to live. Many people like to slow down, work less, spend less and have more free time for quality of life. Homes in Travelers Rest accommodate this higher quality of life without sacrificing access to good restaurants, shops and activities. Travelers Rest is now enticing many younger residents to settle there because of these factors. TR is unique in that it has embraced a healthier and innovative way to appeal to younger residents, families and couples. Having Furman University in TR helps bring in a younger crowd, but the growth since the swamp rabbit trail opened has really catalyzed amazing shops and restaurants to open. This article will detail more about TR and the trailblazer park. Next month we will talk about all the amazing new restaurants opening in Travelers Rest. Image Source: trailblazerpark.comA Short Travelers Rest HistoryJust north of Greenville, in South Carolina where US-276 and US-25 unite for a short distance and then head off in different directions, nestles a place called Travelers Rest. The name itself conjures up a sense of peace and relaxation, a place to take a deep breath and put your feet up for awhile. The town takes its name from its location-in the 1800s, weary travelers coming down out of the mountains to sell goods or to travel to the coast, would stop here and take a breather before continuing to their destination. It was also the last stop before heading back up into the mountains on the way home. Sometimes those travelers had to wait months to allow the snow to clear. NEW Cunningham Team Home Listing202 Asheton Lakes Way, Simpsonville, SC 29681$479,900 | 4BR x 3.5BA | 3,400-3,599 S.F.
Travelers Rest, SC has always given weary travelers a respite-a place to stay for a day or a month, a place to rest and to restock their supplies. TR is not just a sleepy little town anymore. Today, visitors to TR do not need to go to the general store to restock their wagons with supplies or food (although people food is definitely available!) or find a place to repair a broken wagon wheel. They can, however, choose to restock their wagon with other items- like fun, adventure and enjoyment! Depending on your mood and your level of energy, there are a number of activities in Travelers Rest to explore. The two we’ll be taking off the shelf and adding to our wagon today -Trailblazer Park and the Swamp Rabbit Trail connection- are available anytime and, best of all, don’t cost a dime! Sources: Eric Vinson, city administrator,A Huge Asset to Travelers Rest - Trailblazer ParkTrailblazer Park is located on 22 acres on the southern side of downtown Travelers Rest (TR). Travelers Rest High School was located on this site until it was moved to a site on North Main St. in 2007. The school board’s plan was to use the property as a school bus hub, but TR’s visionary planners, including former mayors Roy Reynolds and Wayne McCall and city administrator, Dianna Turner, had a better idea. Administrators wanted to take advantage of one of the best views in the area ...so Trailblazer Park was bornThey wanted to take advantage of one of the best views in the area and make this piece of property a hub of activity for the community. And so Trailblazer Park was born.
Trailblazer Park opened in the summer of 2014. If you need to take care of any town business, Travelers Rest’s City Hall, Police Department, Fire Department, and Summary Court are all located here. But the park is not all serious business! Step outside those offices and take in the view of the Blue Ridge Mountains to the north and Paris Mountain to the southeast. The park itself is a beautiful green-space with wide sidewalks equally suitable for an evening stroll or a more strenuous walk for exercise. Trialblazer Park Events and ActivitiesThe Travelers Rest Farmers Market Pavilion is located in the center of the park. Every Saturday morning, from May to September, this space welcomes 70+ vendors, making it the “largest, independently run, non-profit farmers market in the state” (quote from https://www.travelersrestfarmersmarket.com). Opening Day this year is May 4th, 2019. The Farmers Market, besides bringing fresh, local products to customers, also provides regular programs during the Saturday markets. Those programs include Market Music, Market Talks, Market Cooks, Market Kids, and Market Fitness. The May 4th programs include “Ask a Master Gardener” presented by Greenville Gardeners Master Gardeners, “Plant a Seed for Life” hosted by Market Kids, and a yoga class offered by Market Fitness. Check the website above for the schedule of events and fill your Saturday mornings with good food, fun and a bit of education. One program offering, which sounds particularly appealing, is the “Tomato Sandwich Taste-Off” on July 27th. This will be the 6th year for this event, which features 8 local restaurants competing for the “Big Tomato” title. ![]() Behind the Market Pavilion is the amphitheater. This year, the amphitheater will host “Music in the Park” every Saturday evening in May, June and September. A wide range of musical genres is represented so check out the schedule, and choose a night (or several) to enjoy this beautiful venue. Food vendors, food trucks, and a craft beer and wine kiosk will be available. Bring your lawn chairs or a blanket , but no pets, alcohol, hard-sided or large coolers. Another popular series in the amphitheater is “Movies in the Park” every Saturday evening in August. The schedule will be announced in June. The movies start around 8:30 PM. Food trucks will be open. Bring a chair and grab a spot! On Thursday evenings during the month of October, when the temperatures turn cool and the mountains are blazing with color, Trailblazer Park celebrates with the Bluegrass/Harvest Market. This event features bluegrass music in the amphitheater and family style dining. Local vendors and artisans also return to offer their wares at this market. Trailblazer Park hosts annual/biannual events too. Coming up on April 19-20 is the Vintage Market featuring over 100 vendors of vintage and handmade goods, along with food and music. The Vintage Market is also held in the fall, but that date has not been announced yet. On June 19, Chautaugua Series presents “History Comes Alive” with Leslie Goddard portraying Jackie Kennedy. Included in the Park’s 22 acres are Greenville County athletic fields, known as the Chico Bolin Athletic Complex. The former Travelers Rest High School football field, complete with lights and a ¼-mile walking track, remains on this site. On the southern side of the field, new trails, a concession stand, and bathrooms are being constructed. Trailblazer Park offers something for everyone. As a visitor, you can enjoy a solo walk around the park’s trails, attend a concert in the amphitheater, buy local food and wares at the Farmer’s Market, or do business with the city. Or all of these on the same trip! Image Source: trailblazerpark.comTravelers Rest portion of the Swamp Rabbit TrailAnother bargain in TR is the Swamp Rabbit Trail. The Swamp Rabbit Trail (SWT) is a 20+-mile long (and growing) paved trail, which runs through Greenville County. The SWT sits on the old rail bed for the Greenville and Northern Railway-one of many names this railway had over the years. The railway’s nickname, though, was the Swamp Rabbit, because the line ran along the Reedy River and the ride, evidently, bounced passengers around, just like its namesake’s hopping gait. And, as with many nicknames, Swamp Rabbit was the name that stuck. In 1998, Upstate Forever saw the potential in converting the section of the abandoned line from Greenville to Travelers Rest to a public trail. The group spearheaded acquisition of the property and the eventual partnership between Greenville County Parks, Recreation, and Tourism and Greenville Health System, and the opening of the “Greenville Health System (now Prisma Health) Swamp Rabbit Trail” in 2009. Since then, it has grown to its current 20+ miles and runs from just north of Travelers Rest to Lake Conestee Nature Park south of Greenville. You can find an interactive map of the SWT online or you can pick up a hard copy at Travelers Rest City Hall. Over 600,000 bikers, runners, and walkers used the Swamp Rabbit Trail (SWT) in 2016Over 600,000 bikers, runners, and walkers used the SWT in 2016. The SWT closely parallels Travelers Rest’s Main St and has helped to transform the downtown area from its former status as a place to pass through to its current repute as a “hopping” destination. The eastern portion of Trailblazer Park lies very close to the SWT. A short spur across from City Hall allows easy access to the trail. From there, it is an easy 0.8 mile hike, run, or bike ride to downtown TR and all the food and entertainment available there. This portion of the trail is popular with families, with people walking pets (and pets walking their people!), runners, and bikers. With so many different types of users, rules to keep everyone safe do exist. Those rules include staying to the right if you are a walker or runner, to the left if you are a biker. Trail etiquette calls for bikers to warn pedestrians of their presence by ringing a bell or calling “on your left!” Pedestrians, though, also need to remain aware and keep one ear open for approaching bicycle traffic. Optimum health is built on many things, including ample rest and relaxation, physical activity, healthy food, and emotional and spiritual activities that feed our souls. Travelers Rest remains a wonderful place to seek peace and quiet, but has also transformed itself into a place to be active and involved. From the Farmer’s Market at Trailblazer Park, where local produce is available for your purchase, to the Swamp Rabbit Trail, where you can stretch your legs with a gentle amble, or push yourself a bit with a bike ride or a run, Travelers Rest provides many options for helping you become the best you can be. ? DID YOU KNOW ?Talk about lightening up... Nanoleaf, a unique lighting company, has developed hexagonal smart light panels. Arranged in endless combinations you can create programmable art and light. Set it to react to touch or music! $250 for 9 tiles available later this year. Starting Spring yard work?Planning a new yard design to update the current one? Curb appeal is top on the list with new buyers. The app Home Design 3D Outdoor & Garden can help you with that!. The NAR blog for ABR credentialed realtors (which Lee is one) recommend it! What are basic Spring DIY Cleaning Supplies?General things about cleaning supplies, Cleaners rely on either acids or bases. When combined they cancel each other out so pick one or the other, but not both for the same job. ? DID YOU KNOW ?Did you know that mixing bleach & vinegar OR ammonia creates HIGHLY TOXIC chlorine gases NEVER MIX THESE. Mixing hydrogen peroxide can cause an EXPLOSION! Borax is an excellent cleaner, but TOXIC. Acid can etch the surface of any stone (granite, marble, etc). Whew, now that we have that out of the way... You can start making your own cleaning supplies by stocking up on these basics: Weak Acids: White Vinegar - (acetic acid) Has a slight smell at first which goes away quickly. It's a great all purpose cleaner. Do Not use the apple cider vinegar for cleaning purposes! Lemon juice - (citric acid) This acid does all of the above, but smells much nicer. Alkaline Bases: Baking soda - A safe and gentle alkaline base. Germs can't survive around this much base. Borax - Toxic Bleach - Does not play well with others. Only add water!!!
ANOTHER Cunningham Team Home Closing450 Peaksview Drive, Simpsonville, SC 29681
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Cunningham Team Client Testimonial |
"Lee Cunningham and his team...
by far exceed my expectations of the entire home selling process.
The property was such, that a particular type of buyer was needed, and found. Also, the LC team in no way impeded a temporary lease of the property that extended the time frame by 5 months, but ended up with a closed deal! My thanks to all of you!"
A monthly review of our team & the Greenville Real Estate MarketBig Month in Greenville Real Estate News
So much to talk about and so little time! Greenville, SC was named in the top 10 for most livable places to live in the US on livable.com. This is an amazing position to be in when you think of all the towns and cities in the US. It comes as no surprise though to anyone that has traveled to downtown Greenville, SC. The new real estate developments in downtown are sprouting up all over the area, not just along Main Street. Also the new restaurants, eateries, shops, parks and galleries all make Greenville great. Downtown events center would house Bob Jones Art Museum and much more! Many hurdles to cross for that to happen, but it would drive business to downtown and create a space off of Main street for people to visit. The Bob Jones Museum has world class exhibits and paintings and needs showcasing. Three new huge residential buildings are going up in downtown Greenville, SC. Merrill Gardens Senior Living, The McClaren, and .408 Jackson. Recently built were the Westgate Townhomes, Falls Walk town-homes and Greene apartments. The growth downtown is seemingly out of control and exciting at the same time, yet to long time residents it's been a long time coming. There was a time when the City could not get businesses to thrive in the West End area. Greenville has also recently topped the half a million population mark.Simpsonville has announced a big development in it's downtown area. The development, Burdette Central, will have a historic feel to it. It's named after Burdette Hardware, which is the building that is being renovated. It will continue to host current residents. Burdette's Hardware started in 1899! It's good that it's legacy is going to continue in such a cool way. New residents will be Sidewall Pizza (yes, another Travelers Rest Transplant) Kaffeine Coffee Shop and Roastery and FIVE other restaurant and retail tenants. They have 27,000 s.f. to fill and it included upper floor office space, a beer garden and more. When Greenville Today asked what people would like to see there was the suggestion of a nice local sit down restaurant (Leo N. and others) and a community-driven work-space (co-working space) that brings remote workers together. (Aaron O.) Hopefully the developers are listening. Rendering by McMillan Pazdan Smith ArchitectureFebruary Sales Are Bounding Back
As you can see from the graph BELOW February sale rocketed back over January's lackluster performance to by-pass 2018 sales for February. This is good news for the Greenville real estate market. Also the number of active listings rose from 636 in January to a whooping 4619 so inventory of homes on the market is high right now. High inventory helps home buyers find what they want and get it at a lower price because there is more competition between home sellers. The Average and median sales price for homes is down just slightly over 2018 which showes the increase in inventory is doing it's job Sources: GGAR MLS
WHAT Makes the BEST Greenville Neighborhoods?According to Trulia & Forbes there are about 12 factors that make for the best neighborhoods. While there are no neighborhoods that EVERYONE thinks are perfect there are factors common to ALL great neighborhoods.
? DID YOU KNOW ?Did you know that almost 30% of Americans own their home "free and clear," without a mortgage? That's approximately 21 million households!
? DID YOU KNOW ?A homeowner's net worth is over 30 times greater than that of a renter.
Greenville's Best NeighborhoodsAccording to livability.com. We will compare these neighborhoods to our criteria above to see how well they choose. Livability.com names the best "areas" in Greenville rather then exact neighborhoods, which makes sense as most subdivisions do not have retail stores, at least not around here. Downtown Greenville was top of the list of course and seems to check off all the above factors for best neighborhoods. It has walkability, nightlife and convenience, established areas, medical offices close by, outdoor areas and more. Another area is Augusta Road which is basically an extension of downtown and covers these criteria as well. A surprise to me was Cherrydale Point. I wouldn't think of this area as being super walkable except in the shopping center, but I would say that's typical of most areas in the U.S where we love our cars. Lots of amenities and shopping similar to other areas chosen Haywood Road, Pelham Road and Roper Mountain Road areas. The last two areas mentioned are really a part of the downtown Greenville area or next to it, The Village of West Greenville and the West End. Best Areas that I did not see mentioned in the article that definitely check all the boxes were Travelers Rest downtown area, Greer's downtown, Mauldin's new central square and Simpsonville's downtown. Of course Greer and Mauldin are still building their new city-scapes, but get the jump on home buyers before the prices skyrocket like downtown Greenville's and buy real estate in these areas soon.
Another Cunningham Team Home Closing17 Parkins Mill Road, Greenville, SC 29607
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Cunningham Team Client Testimonial |
It was truly a pleasure to work with the Cunningham Team. They were fully engaged from the 1st time we spoke and gave valuable advice on how we could maximize profit on the sale of our property. They were with us every step of the way. Good honest people and I would recommend to anyone. Thanks Cunningham Team!
- Kirk C
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It is full of awesome information which we will summarize here.
Greenville, SC is one of the most affordable places to live according to the National Association of Home Builders. They actually have an index that measures housing affordability called the Housing Opportunity Index. It figures out a percentage of how many people with median incomes in Greenville were able to buy a home. SO...Can we buy a home in Greenville with an average Greenville income?
Greenville has consistently ranked as one of the top 1/3 places in the nation most affordable to buy a home. Our median price is $206,000 and median income for these measures is $66,500.
As housing inventory has fallen in Greenville prices have risen. For one of the first times Greenville median home prices are over $200,000 and price per square foot is greater then $100. As prices rise less people can afford to buy so new construction is critical to increase inventory and keep prices steady.
The months when most people are looking for homes and listing homes are March - August with March having the most new home listings, typically over 1000 new listings. This past December we had 550 new listing which is up 12% over the previous year so we are off to a fast start this year. Look for prices to loosen up if home sellers are as motivated as early indicators show.
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DEMAND
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INVENTORY
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Falling
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In our country every community can be segmented into groups of people with similar likes and dislikes. GGAR has compiled the different types for Greenville, SC. The three main types are: Southern Satellites, Middleburg and In Style. We will detail these three types. Which are you?
This is the major group in Greater Greenville and makes up 15.1% while only 3.2% are nationally Southern Satellites. The characteristics of this group are that they live in a rural areas close to an economic core area (Greenville) in the South. (go figure) They are slightly older, settled, married, who own homes.
Homes are 2/3 single family, 1/3 mobile homes. Median household incomes are below average. They enjoy country living and prefer outdoor activities and DIY home projects. They usually own trucks and like to service it themselves. SS own pets, usually a dog, like to hunt and fish and listen to country music.
7.1% of Greenville households are this group. Only 2.6% of American's overall are from this group. In the last decade the subdivisions this group lives in has transformed from rural or country living to semi-rural subdivisions. They tend to be conservative, family-oriented consumers. Tend to be thrifty, but carry some debt and are investing in the future. They use their smart phones to stay in touch and are proud of it. They prefer to buy American and travel in the U.S. These folks are younger, but growing in size and assets.
Middleburg people tend to be locals within metropolitan areas (Greenville). MB tend to be young couples with children, most work away from home. Traditional values of faith, country and family. Trucks are the preferred vehicle, but also SUVs and sometimes convertibles and motorcycles. Sports are hunting, target shooting, bowling and baseball.
This group is much more urban then Southern Satellites and Middleburg preferring to live close to a downtown area. 4.6% of Greater Greenville's households are in this group vs. the national average of 2.3%. The IS group loves all things urban including support of the arts, travel and extensive reading. They love being connected through mobile devices. The group tends to be professional couples or single households without children. They have the time, resources and energy to focus on their interests and homes. They tend to be older and are planning for retirement.
IS tend to be attentive to prices and use coupons, are partial to late model SUVs or trucks. Homes are important to them with housekeeping hired out. This groups likes to grow their own food or eat organic. Actively support various charities and causes and have insurance.
Greater Greenville Market Data Overview
(Condo & Single Family Home Sales) |
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JANUARY |
2019 |
2018 |
Homes Sold |
651 |
814 |
Active Homes
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4316 |
3469 |
Average Sales Price |
$242,326 |
$231,360 |
Median Sales Price |
$210,000 |
$191,000 |
Average Days On Market (DOM) |
63
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56 |
Broken down it looks like this
50.3% Every time 8 existing homes are sold it actually causes 1 new home to be built increasing money in the local area so for every home sold 1/6 of a new home's value is added to the economy = $32,454
27.7% Income to real estate industries (realtors, builders, inspectors, appraisers, mortgage lenders) = $17,523
16.1% Multiplier effect is when the income earned by real estate industries is recirculated into the local economy = $10,399
6.4% Spending for home purchase (paint, appliances, remodeling costs & furniture) = $4,142
Sources: BEA, U.S. Census, NAHB, Macroeconomic Advisers, NAR, GGAR
Back in 2007, 2008 and 2014 the Home Builders Association of Greenville commissioned the Housing Economics Department of the National Association of Home Builders to conduct an analysis of the economic impact of home building in Greenville County on the Greater Greenville area. The study found a substantial impact on local infrastructure (sewers, roads, utilities, schools, postal service, fire and police protection) was more than paid for by the income coming from the purchase of the home and the taxes paid year after year. We will look at how that is possible.
Let's look at some figures on home building in Greenville, SC. In 2014 3,492 single family homes were built. From the real estate built in 2014 $522.8 MILLION dollars of income were generated, $53.5 MILLION in local taxes and fees were collected AND 7,795 JOBS WERE CREATED. Amazing numbers, good job Greenville.
That's not all, each year these new homes continue to contribute to Greenville' economy and this has been measured. The impact of the 3,492 new homes built in 2014 have been an additional 1,282 new homes built (remember when a home is bought it creates a demand for another 1/6th home), $107,500,000 in income to Greenville residents, $15,100,0000 in taxes to local governments, and an additional 1,548 new Greenville jobs created. Wow. I love real estate. It really drives our countries economy.
The recurring impact (what it generates every year) of new home construction is $111,000,000 in Greenville income, $28,000,000 in Greenville taxes, and 2,208 new jobs each year. I can see why the Fed want to encourage home buying and home buyers. These are staggering numbers and they are just for Greenville for just ONE YEAR.
The consensus from GGAR is that...
For every 1,852 single-family and 532 multi-family homes built
Multi-family (which includes condos, apartments, duplexes, & town-homes) has an annual recurring impact as well. For every 1,282 MF homes built in Greater Greenville $28,8 million income is generated, $8.8 million in taxes and 572 jobs are created. All these numbers add up to more money in the local economy and better quality of life for Greenville residents.
Something that sometimes gets forgotten when government starts to regulate the housing industry too heavily is the impact it has on the home price. Consumers are very sensitive to fluctuations in the price of new homes. Just $1,000 increase in the price of real estate homes makes in impossible for OVER 480 households to qualify for a home loan and therefore a home.
When looking to change the housing codes legislatures need to think very carefully about the true safety these codes are bringing. By making codes which raise construction and development costs some families can't even live in these new "safer" homes.
In Greenville the median home price is $281,420 and you need $71,295 in annual income to qualify. only 34% of Greenville households qualify. If that home price goes up only $1,000 then 486 households will NOT be able to get a loan for the home.
Cunningham Team Client Testimonial |
Working with Lee Cunningham, Renee and their team of professionals at RE/MAX to sell my house was the best decision I ever made. From my initial interview to closing I felt like I was their only client. The 3D presentation of my home was outstanding! People would view the house online and feel like they were actually inside the house. This presentation combined with their dedication to details resulted in my accepting an offer only 6 hours after it was listed for showing, and the offer was $5,000.00 more than my asking price. If you want a professional team that places your interests first, you cannot go wrong with RE/MAX and especially the Cunningham team. - Barbara H
In the heart of downtown Greenville, South Carolina, located in the Historic West End District, is a jewel of great beauty: Falls Park on the Reedy River. Daily, the park enchants visitors with its natural waterfalls, colorful gardens, modern art displays, cutting-edge architecture, and delightful dining.
Falls Park on the Reedy shines a delightful aura on Greenville, making it a wonderful community to operate a business, raise a family, or retire.
However, no jewel comes out of the earth in its full glory. First, it must succumb to the tools of miners and artisans. So it was with Falls Parks.
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Galen Cunningham |
More info on Greenville, SC Real Estate and Homes for sale. Contact us! (864) 679-0707 Sources: Greenville News, and GSA Business