A monthly review of our team & the Greenville Real Estate Market
Summer 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 The old location at 24 Cleveland Street was sold recently as it was outdated and too much space for the chamber.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.org
Adventures 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:
- Paddle & picnic in Tyger River Nature Park,
- Hike Jones Gap,
- Dog Walk at Glassy Mt. Trail,
- Bike the Prisma Health Swamp Rabbit Trail,
- Quail Hunt at High Meadow Preserve,
- Walk through history at Raines Mill in Mountain Rest, SC,
- Fish for Bass at Lake Greenwood,
- Mountain bike at Stumphouse Passage in Walhalla, SC,
- Hawk Watch at Caesars Head State Park,
- Enjoy music, food and crafts at Greenbriar Farms in Easley during the Front Porch series weekly during the summer,
- Eat and shop locally at the states largest farmers market in Travelers Rest, SC every Saturday morning,
- Stretch and Laugh at Goat Yoga at Split Creek Farm in Anderson, SC (who knew),
- Camp in Croft State Park,
- Pick your own produce at one of the U-Pick farms across the Upstate,
- Paddle the Chauga River in Oconee, SC.
Cunningham Team Home LISTING
200 Molano Court, Greenville, SC 29607
List 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.
Greater Greenville Market Data Overview
(Condo & Single Family Home Sales as of June 10th) |
MAY
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2019
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2018
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Homes Sold
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1430
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1365
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Active Homes
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5019
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5054
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Average Sales Price
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$258,740
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$248,642
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Median Sales Price
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$220,000
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$195,000
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Average Days On Market (DOM)
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49
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54
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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 SC
HomeSnacks.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's Real Estate Market MAY 2019
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DEMAND
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Rising
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INVENTORY
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Rising
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PRICE
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Rising
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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 LISTING
91 Randall Drive, Taylors, SC 29687
Listing Price: $349,900 | 4BR x 2.5BA | 2,200 S.F.
~ with 6.6 Acres a creek and pond ~
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Cunningham Team Client Testimonial
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"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
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