Cameron's Blog

Greenville's Main Street ranks in "America's Top Ten Great Streets"

Cameron Keegan - Greenville SC Realtor (Prudential C. Dan Joyner) — Tue, 27 Oct 2009 13:03:18 -0500

The American Planning Association released its rankings for the Top Ten Great Streets in America, and of course, Greenville took one of those spots. Obviously those who have been to Main Street, know that this prize was not only deserved, but earned. After all, Greenville's Main Street has truly been transformed over the past three decades.

http://www.planning.org/ - Interestingly enough, they even use a picture of River Place on their homepage.

The American Planning Association defines a "great street" by the following criteria:
Quote:

Provides orientation to its users, and connects well to the larger pattern of ways.
Balances the competing needs of the street - driving, transit, walking, cycling, servicing, parking, drop-offs, etc.
Fits the topography and capitalizes on natural features.
Is lined with a variety of interesting activities and uses that create a varied streetscape.
Has urban design or architectural features that are exemplary in design.
Relates well to its bordering uses - allows for continuous activity, doesn't displace pedestrians to provide access to bordering uses.
Encourages human contact and social activities.
Employs hardscape and/or landscape to great effect.
Promotes safety of pedestrians and vehicles and promotes use over the 24-hour day.
Promotes sustainability through minimizing runoff, reusing water, ensuring groundwater quality, minimizing heat islands, and responding to climatic demands.
Is well maintained, and capable of being maintained without excessive costs.
Has a memorable character.

_________________________________________
Cameron J. Keegan - Greenville SC Realtor
Prudential C. Dan Joyner Realtors
Greenville SC Homes

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Mahaffey Plantation [$474,900] 5BD/3.5BA plus bonus and partially finished basement!

Cameron Keegan - Greenville SC Realtor (Prudential C. Dan Joyner) — Mon, 19 Oct 2009 21:44:41 -0500

Mahaffey Plantation

63 Griffith Creek Drive, Greer, SC 29651 View Map

Location, features, and privacy! From the moment you enter the two-story foyer, you won't know where to begin. The formal dining room with dense wainscot and coffered ceiling, or the inviting great room with built-in bookcases and floor-to-ceiling stacked stone fireplace. Access one of two decks from this space, and you will immediately feel at peace, as you gaze upon the private backyard, which backs to more than 70 acres of wooded land. The chef's kitchen is also a highlight, featuring a downdraft Jenn-Air cooktop, built-in wine lattice, and ample cabinet and granite counter space. The spacious master suite also graces the main floor, and offers conveniences such as his/her walk-in closets, separate vanities, jetted-tub, and more! Upstairs you will find two large bedrooms, full bath, and sizable bonus room. Continue to the partially finished basement, which offers two additional bedrooms, a large rec room, access to the second deck, and 733 square feet of unfinished space that could easily be converted to a home theater, workshop, or anything your heart desires. This is truly a home that draws you in.

Details

Asking Price:

$474,900

MLS:

1190757

Sq. Feet:

3,900

Lot Size:

.61 acres

Bedrooms:

Bathrooms:

3.5

# of Floors:

HOA/Maintenance Fees:

$412/yr

Garage Size:

Subdivision:

Mahaffey Plantation

Year Built:

2004

Contact Info

Cameron J. Keegan
Realtor, ASR, ABR

Cell 864.238.7109
Dir 864.678.5373
Email | Website

All information is deemed reliable but is not guaranteed.

Click here to see more Greer SC Real Estate!

[$69,900] Updated 3BD/2BA less than 2 miles from downtown Greenville!

Cameron Keegan - Greenville SC Realtor (Prudential C. Dan Joyner) — Thu, 01 Oct 2009 10:49:22 -0500

Updated 3BD/2BA less than 2 miles to downtown!

5 Chaney Street, Greenville, SC 29607 View Map

Adorable updated home less than 2 miles from downtown Greenville and only 1 mile from Cleveland Park! As you pull up, it's hard not to notice the rocking-chair front porch. As you enter the front door, you are greeted by a huge great room at over 300 square feet! The eat-in kitchen features a smooth cooktop,self-cleaning oven, refrigerator with ice/water, dishwasher, and gorgeous ceramic tile flooring! Continue down the hallway to find the spacious master suite,complete with large walk-in closet. The other two bedrooms offer size not often found in a home at this price. Brand new flooring and paint top off thisamazing find. This home is truly in move-in condition, so act now before it's too late!

Details

Asking Price:

$69,900

MLS:

1189846

Sq. Feet:

1202

Lot Size:

.14 acres

Bedrooms:

Bathrooms:

# of Floors:

Year Built:

1992

Property Amenities

Contact Info

Cameron J. Keegan
Realtor, ASR, ABR

Cell 864.238.7109
Dir 864.678.5373
Email | Website

All information is deemed reliable but is not guaranteed.

Visit my website for even more Greenville SC Real Estate!

Spaulding Farm - 4BD/3.5BA + bonus on cul-de-sac street!

Cameron Keegan - Greenville SC Realtor (Prudential C. Dan Joyner) — Thu, 24 Sep 2009 08:34:36 -0500

Spaulding Farm

112 Hunters Run, Greenville, SC 29615 View Map

Traditional southern charm, tucked away on a cul-de-sac street in this sought-after neighborhood. The moment you pull up to this home, you can't help but notice the nearly 300 square foot rocking-chair front porch, and it only gets better once you walk inside. The floor plan has excellent flow from the formal living room with deep crown molding, to the large formal dining room. Continue through the butler's pantry into the huge eat-in kitchen featuring ample cabinet and counter space. The two story great room with cozy gas log fireplace is highlighted by gorgeous built-in bookcases, and provides easy access to the sunroom. The main floor is also home to the roomy master suite, featuring jetted-tub, separate shower, and what seems to be an endless walk-in closet. Continue upstairs to find three large bedrooms, two bathrooms, a 375 square foot bonus room, and an abundance of storage possibilities. Head back downstairs, past the spacious laundry room, and out onto the enormous deck just shy of 700 square feet, not including the gazebo. The level fenced backyard is private, and offers areas of shade as well as areas with an abundance of natural light.

Details

Asking Price:

$574,900

MLS:

1189326

Sq. Feet:

4,000

Lot Size:

.65 acres

Bedrooms:

Bathrooms:

3.5

# of Floors:

HOA/Maintenance Fees:

$1,000/yr

Garage Size:

2.5

Subdivision:

Spaulding Farm

Year Built:

1996

Property Amenities

Community Amenities

Contact Info

Cameron J. Keegan
Realtor, ASR, ABR

Cell 864.238.7109
Dir 864.678.5373
Email | Website

All information is deemed reliable but is not guaranteed.

Click here to see more Greenville SC Real Estate!

Paris Mountain - 4BD/3BA on 1.52 usable acres w/ views of Tryon!

Cameron Keegan - Greenville SC Realtor (Prudential C. Dan Joyner) — Mon, 24 Aug 2009 15:42:58 -0500

Paris Mountain

1006 Altamont Road, Greenville, SC 29609 View Map

Landscaper's paradise with breathtaking views! This immaculate home sits atop Paris Mountain at over 1,700 feet above sea level, and offers amazing views of Tryon from the large wrap-around deck, secondary deck, sunroom, or one of two balconies. The stone front porch draws you into the home, and it only gets better as you enter the foyer to find exposed beams, a cathedral ceiling, and a 2-story stone fireplace. The large eat-in kitchen has been updated with granite countertops, new appliances, and ceramic tile flooring. The spacious great room offers plenty of windows to help you enjoy your surroundings, and another den on the main floor offers a separate space to relax. The main level master suite is enhanced by large windows, and the bathroom has been remodeled to make room for a large walk-in shower. The upstairs of this home features yet another master suite with private balcony, clawfoot tub, separate shower, and walk-in closet. The current owner has thought of everything, from the new architectural roof to the tankless water heater with 37-hour backup ignition battery; two new A/C units to the infrared heating system in the garage and workshop. The list goes on and on!

Details

Asking Price:

$409,000

MLS:

1187334

Sq. Feet:

2931

Lot Size:

1.52

Bedrooms:

Bathrooms:

# of Floors:

1.5

HOA/Maintenance Fees:

$40/yr

Garage Size:

Subdivision:

Paris Mountain

Year Built:

1982

Property Amenities

Contact Info

Cameron J. Keegan
Realtor, ASR, ABR

Cell 864.238.7109
Dir 864.678.5373
Email | Website

All information is deemed reliable but is not guaranteed.

Click here to find even more Greenville SC Real Estate!

Eastwood Terrace - 3BD/1BA on cul-de-sac lot only 5 minutes from downtown!

Cameron Keegan - Greenville SC Realtor (Prudential C. Dan Joyner) — Mon, 24 Aug 2009 15:37:41 -0500

Eastwood Terrace

15 Eastwood Court, Greenville, SC 29607 View Map

Welcome home to this amazing brick ranch at the end of a cul-de-sac, and only 5 minutes from downtown Greenville! As you pull up the street, this home is sure to stand out with a brand new front door, freshly painted shutters, and a brand new roof! Upon entering, it's hard not to notice the beauty of real hardwood floors, from the large great room into the spacious dining area. The kitchen has just received an overhaul with new cabinets, countertops, deep sink, and flooring! Three bedrooms also grace the main floor, as well as an updated bathroom with gorgeous tile surround, updated hardware, and a vanity that can only be called exceptional along with the rest of the bathroom. All this on a cul-de-sac lot with excellent space and privacy!

Details

Asking Price:

$109,900

MLS:

1187631

Sq. Feet:

1100

Lot Size:

.27 acres

Bedrooms:

Bathrooms:

# of Floors:

Subdivision:

Eastwood Terrace

Year Built:

1965

Property Amenities

Contact Info

Cameron J. Keegan
Realtor, ASR, ABR

Cell 864.238.7109
Dir 864.678.5373
Email | Website

All information is deemed reliable but is not guaranteed.

Click here to see even more Greenville SC homes!

Poplar Forest | 3BD/2.5BA plus bonus and .65 acre lot with views of Paris Mtn!

Cameron Keegan - Greenville SC Realtor (Prudential C. Dan Joyner) — Mon, 04 May 2009 18:55:25 -0500

Poplar Forest

10 Precipice Place, Greenville, SC 29617 View Map

Imagine enjoying your morning coffee on the patio, watching the sun rise over Paris Mountain! This amazing home sits at the end of a cul-de-sac on one of the largest lots Poplar Forest has to offer. The dramatic 2-story foyer starts things off, and immediately draws your eye into the formal living room with a gorgeous palladium window. The formal dining is convenient to the large eat-in kitchen, which is perfect for entertaining with openess to the great room. Cozy is the only way to describe this space, which features a wood-burning fireplace. Upstairs you will find 3 bedrooms, including the master suite, which features all the amenities you've been searching for. You will also find a large bonus room upstairs, which could easily be used as a 4th bedroom. Privacy, privacy, privacy. That is the only way to describe the backyard, which is 84 yards long! Plenty of room for practically anything you can imagine! Don't miss your opportunity to own this home, before it's too late!

Details

Asking Price:

$199,900

MLS:

1180720

Sq. Feet:

2279

Lot Size:

.65 acres

Bedrooms:

Bathrooms:

2.5

# of Floors:

HOA/Maintenance Fees:

398/year

Garage Size:

Subdivision:

Poplar Forest

Year Built:

2003

Property Amenities

Community Amenities

Contact Info

Cameron J. Keegan
Realtor, ASR, ABR

Cell 864.238.7109
Dir 864.678.5373
Email | Website

Click here to see more Greenville SC Real Estate!

Greenville, SC: "Top micro North American City of the Future"!

Cameron Keegan - Greenville SC Realtor (Prudential C. Dan Joyner) — Mon, 27 Apr 2009 20:06:16 -0500

Whenever I come across something interesting about the Greenville market, I always like to pass it along. fDi (Foreign Direct Investment) Magazine published their list of top North American cities of the future, which was derived from more than 6 months of research in the categories of economic potential, human resources, cost effectiveness, quality of life, infrastructure, business friendliness, as well as 50 other areas of judging criteria.

Greenville, South Carolina ranked number one on the list in the micro city category, for those cities having a population less than 100,000.

"The top micro North American City of the Future 2009/10 is Greenville, South Carolina, due to its strong economic potential, good human resources and high scores in business friendliness."

Greenville ranked #1 overall, and placed in the top 5 for the following categories: Best Economic Potential (#1), Best Human Resources (#2), Best Infrastructure (#5), and Business Friendliness (#2).

Source: North American Cities of the Future 2009/10 - Foreign Direct Investment (fDi)

Data (pdf): http://fdimagazine.com/cp/20/022-028_FDI_0409.pdf

_________________________________
Cameron J. Keegan - Realtor
Prudential C. Dan Joyner Realtors
Greenville SC Real Estate

Warrenton | 4BD/2.5BA plus bonus, office, and more!

Cameron Keegan - Greenville SC Realtor (Prudential C. Dan Joyner) — Tue, 07 Apr 2009 14:46:39 -0500

Warrenton

204 Ackerman Court, Greenville, SC 29607 View Map

Need more space? Walk through the rocking-chair front porch and enter the dramatic 2-story foyer to find a formal living room and formal dining room highlighted by wainscoting, trey ceiling, and freshly painted crown molding that continues through the rest of the home. Continue into the large eat-in kitchen, which is complete with recently refinished hardwood floors, large island, and tons of cabinet and counter space. Perfect for entertaining, this area opens to the large great room with a cozy gas log fireplace. Located off of the great room, you will find even more space that would be perfect for an office or playroom. Upstairs you will be amazed by the spacious master suite, which is complete with double sinks, garden tub, separate shower, and a large walk-in closet. You will also find 3 more bedrooms, a bonus room, and laundry room on the second level. As you head back downstairs, exit through the breakfast room onto the patio. Step up to the elevated deck, which overlooks the fenced yard, and backs to nearly 3.5 acres of common area!

Details

Asking Price:

$234,900

MLS:

1179253

Sq. Feet:

2725

Lot Size:

.19 acres

Bedrooms:

Bathrooms:

2.5

# of Floors:

HOA/Maintenance Fees:

385/year

Garage Size:

Subdivision:

Warrenton

Year Built:

2003

Property Amenities

Community Amenities

Contact Info

Cameron J. Keegan
Realtor, ASR, ABR

Cell 864.238.7109
Dir 864.678.5373
Email | Website

Click here for more Greenville SC Real Estate!

Greenville makes Top 50 (again): Best Places for Business and Careers

Cameron Keegan - Greenville SC Realtor (Prudential C. Dan Joyner) — Fri, 03 Apr 2009 17:28:18 -0500

Yet again, Forbes.com has ranked Greenville, South Carolina in their Top 50 Best Places for Business and Careers. Yet another best list to add to our list of accolades for the Greenville area.

#46 - Greenville SC
Metro Area Population: 621,000

Rank
Cost of Doing Business 77
Educational Attainment 113
Income Growth 109
Job Growth Projected 73
Net Migration 49

Source: Best Places For Business And Careers: #46 Greenville SC - Forbes.com

______________________________________
Cameron Keegan - Greenville SC Realtor
Prudential C. Dan Joyner Realtors
Mobile: 864.238.7109
Greenville SC Real Estate

Money Magazine: Greenville market among quickest to recover...

Cameron Keegan - Greenville SC Realtor (Prudential C. Dan Joyner) — Thu, 26 Mar 2009 16:55:58 -0500

In the April 2009 issue of Money Magazine, they had a story entitled: When Will Home Prices Hit Bottom, Already?

Overall the article is pretty interesting, and they actually mention Greenville, SC in the article itself (apart from just the map). On the map itself, they show that the Greenville metro area will be one of the quickest markets to recover, 2nd Quarter 2009 is their prediction. They also project that the median home price will fall in our area by 0.2% over the next 12 months (the footnote states that 12 months is 1st quarter 2009 to 1st quarter 2010).

They're using the median price of a single family home from 3rd quarter 2008. They state that this median price was $157,000 in 3Q08.

_____________________________________
Cameron J. Keegan - Realtor, ABR, ASR
Prudential C. Dan Joyner Realtors
Mobile: 864.238.7109
Greenville SC Real Estate

River Shoals - 3BD/2BA plus bonus in wonderful gated community!

Cameron Keegan - Greenville SC Realtor (Prudential C. Dan Joyner) — Thu, 26 Feb 2009 09:32:14 -0600

River Shoals

132 Saint Johns Street, Simpsonville, SC 29680 View Map

You've found a terrific home in a wonderful gated community. This 3 year old home features a desirable split floor plan, with all bedrooms on the main level. As you enter this gorgeous home, you will be greeted by an impressive entry, and your eyes are drawn to the formal dining room, which features a high ceiling, wainscoting, chair rail, and stately columns. Continue into the open eat-in kitchen to find ample counter space and cabinets, many of which feature slide-out shelving for added convenience. The large breakfast area can even accommodate most 6 or 8 person tables! The great room has been wired for surround sound, and also features a widescreen TV nook above the cozy gas log fireplace. The spacious master suite should fulfill all of your desires with his/her walk-in closets, separate shower, large garden tub, and separate vanities. Aside from the secondary bedrooms, one of which features a dramatic cathedral ceiling, you will find a great extra space in the bonus room. River Shoals is an excellent gated community only 20 minutes from downtown Greenville, and features a clubhouse, lazy river pool, palm trees, and a fenced playground area!

Details

Asking Price:

$209,900

MLS:

1176632

Sq. Feet:

2100

Lot Size:

.19

Bedrooms:

Bathrooms:

# of Floors:

1.5

HOA/Maintenance Fees:

400/year

Garage Size:

Subdivision:

River Shoals

Year Built:

2006

Property Amenities

Community Amenities

Contact Info

Cameron J. Keegan
Realtor, ASR, ABR

Cell 864.238.7109
Dir 864.678.5373
Email | Website

Click here to see more Simpsonville SC Real Estate!

Avon Park - 103 Avon Drive, Taylors, SC 29687

Cameron Keegan - Greenville SC Realtor (Prudential C. Dan Joyner) — Thu, 22 Jan 2009 09:26:57 -0600

Avon Park

103 Avon Drive, Simpsonville, SC 29687 View Map

This terrific brick ranch can be yours, but act fact, since nothing lasts long in this established Taylors community. Cross the threshold from the front porch into the foyer, and you are greeted by gorgeous hardwood floors, which continue throughout most of the home. The floor plan just seems to flow right into the formal living room, through the formal dining room, and into the large eat-in kitchen with updated range, built-in microwave, and more! The great room features a cozy gas log fireplace, and more than 225 square feet of space to stretch out after a long day. Take a peek out back, where you will find a 336 square foot brick patio, and a connecting deck! It only gets better when you realize the convenience to local points of interest, including a less than 10 minute drive to downtown Greenville and only 11 minutes to Haywood Mall or The Shops at Greenridge! Just wait until the mature Crepe Myrtles in the front yard bloom!

Details

Asking Price:

$134,900

MLS:

1172982

Sq. Feet:

1650

Lot Size:

.40 acres

Bedrooms:

Bathrooms:

# of Floors:

Garage Size:

Subdivision:

Avon Park

Year Built:

1967

Property Amenities

Contact Info

Cameron J. Keegan
Realtor, ASR, ABR

Cell 864.238.7109
Dir 864.678.5373
Email | Website

View more Taylors SC Real Estate.

Historic Downtown Laurens - 614 W. Main Street, Laurens, SC 29360

Cameron Keegan - Greenville SC Realtor (Prudential C. Dan Joyner) — Thu, 22 Jan 2009 09:19:50 -0600

Laurens Historic District

614 W. Main Street, Laurens, SC 29360 View Map

Have you been searching for that perfect blend of historic charm and modern amenities? Look no further! Built in 1910, this gorgeous piece of history sits only 800 yards from Laurens town square. The epitome of curb appeal is highlighted by mature Palmetto trees, which can be enjoyed from the rocking chair front porch. Continue inside to find the grand foyer featuring a distinct archway, winding staircase, stunning hardwood floors, and 10 foot ceilings, which continue throughout the rest of the home. The great room continues to impress with a cozy gas log fireplace, which is double-sided to serve the spacious dining room as well. The eat-in kitchen has been updated with newer appliances, solid-surface countertops, and more! The main floor is also home to two bedrooms, including the large master suite. This space features a large walk-in closet, and a master bath fit for royalty. The master bathroom is highlighted by dual pedestal sinks, stone tile shower with multiple heads, jetted tub featuring ceramic tile surround, and wall-mounted audio speaker. Continue upstairs, and you are greeted with a large landing, perfect for a sitting area. Three additional rooms (the smallest of which is 18x16) are located upstairs, and each feature their own fireplace, making a total of 7 fireplaces (5 with gas hookups) in this spectacular home. Donâ€™t miss the oversized 2-car garage, featuring approximately 450 square feet of storage space upstairs. Words can only minimally describe this striking home, so be sure to schedule your private showing before itâ€™s too late!

Details

Asking Price:

$204,900

MLS:

1173610

Sq. Feet:

3500

Lot Size:

.46

Bedrooms:

Bathrooms:

2.5

# of Floors:

Garage Size:

Subdivision:

Laurens Historic District

Year Built:

1910

Property Amenities

Community Amenities

Contact Info

Cameron J. Keegan
Realtor, ASR, ABR

Cell 864.238.7109
Dir 864.678.5373
Email | Website

View more Greenville SC Homes for Sale!

Greenville remains at minimal risk for price decline!

Cameron Keegan - Greenville SC Realtor (Prudential C. Dan Joyner) — Tue, 20 Jan 2009 11:27:43 -0600

In a quarterly report from The PMI Group Inc., the Greenville-Mauldin-Easley MSA remains at "minimal risk for a decline in average price over the next 2 years." Greenville, SC continues to be an excellent place to buy a home.

Source: http://www.pmi-us.com/media/pdf/products_services/eret/pmi_eretappndx_0109.pdf

__________________________________
Cameron J. Keegan - Realtor
Prudential C. Dan Joyner Realtors
Mobile: 864.238.7109
Greenville SC Real Estate

Greenville, SC real estate market report.

Cameron Keegan - Greenville SC Realtor (Prudential C. Dan Joyner) — Mon, 15 Dec 2008 15:26:40 -0600

There is no doubt in my mind, that everyone reading this has heard some negative news about the real estate market over the past 18 months or so. While it is true that the market (on a national level) has seen better days, it is also true that some markets are still doing better than others.

First of all, there is no national real estate market. That's just as obvious as the fact that there is no national weather forecast. You've probably heard a similar analogy before, but it's true. There is also no denying that the issues facing real estate in some areas, have had an impact on the market in the Upstate.

The residential real estate market has changed on many levels in the past year or so, and the antithesis of these changes resulted in the boom we saw in many markets 3 to 5, and even 7 years ago. For the most part, those markets which didn't see this "boom", are the ones doing better right now compared to those that did.

Greenville, SC and the surrounding Upstate areas did not see the boom that many markets experienced, and therefore did not see as drastic of a decline. The changes I was referring to above include home prices, financing, average days on market/absorption rate, and the number of homes sold.

Existing Home Prices

According to the National Association of Realtors, the United States saw its recent peak in median sale price on or around 3rd quarter 2006, when the median sale price of an existing single-family home reached a seasonally adjusted price of $221,900. The national median price fell to $196,100 (1Q08), but has since risen to $200,500 as of 3rd quarter 2008.

The trends in home prices are very different for the Greater Greenville, SC area, according to the Greenville SC MLS. In fact, the median sale price of an existing home has stayed stable, and has even appreciated in most quarters. In November 2008, the median sale price in Greater Greenville, SC was $139,000. This is compared to $140,000 in November 2007, $132,500 in November 2006, $135,250 in 2005, and $126,000 in November 2004.

Our affordability has also helped avoid a major decline, and on November 12th, 2008, Forbes ranked Greenville County #5 in their "Affordable Place to Weather the Downturn" article. This was based on an affordability index (150.23), median property tax ($984), job growth (+.9%), and per capita income ($23,926).

Financing

Obviously the landscape of the mortgage industry has also changed. The sub-prime lending market is gone, so those who had been able to find financing in the past, may have more difficulty now. BUT, there are plenty of financing options out there for people with good, and even average credit.

There is this huge misconception right now, that although interest rates are at great levels, you have to have perfect credit and a huge down payment in order to qualify.

Currently, the national average for a conforming 30 year fixed rate mortgage is 5.875% according to HSH Associated Financial Publishers (http://www.hsh.com). Local rates for conforming 30 year fixed mortgages average around 5.5%, based on rates from several local mortgage professionals.

The Greater Greenville area is still considered a low-risk market by most, if not all lending institutions. On October 1st, 2008, the housing price risk index from The PMI Group, Inc showed that Greenville, South Carolina has a "less than 1% risk of decline in average home price over the next two years."

The fact is that you can still find lending option to fit virtually every financial scenario, with the exception of those buyers who relied on the sub-prime market. You can find programs with requirements for 3% down, 5% down, and the USDA Rural Development program continues to have 100% options available for properties in eligible areas. These eligible areas still include some areas surrounding Five Forks (Woodruff Rd/Bennetts Bridge Rd), even areas surrounding Locust Hill Rd/Wade Hampton Blvd in Taylors, and more.

Average Days on Market/Absorption Rate

First of all, the average days on market and absorption rate are two different things, but are commonly confused as the same.

The absorption rate is a measure of the length of time it would take to sell all existing inventory, based on the number of sales in a specific timeframe. While the absorption rate across the US has risen to approximately 11.5 months, the absorption rate in the Upstate still averages approximately 7.99 months for existing single-family homes. Both figures indicate a buyer's market, but the Upstate remains far healthier than the national average.

Average days on market is measured from the first day of a listing agreement, to the day a property goes under contract. In the Greater Greenville area, it was approximately 87 days in November 2008. This is compared to 85 days in November 2007, 75 days in November 2006, 92 days in November 2005, and 99 days in November 2004.

Number of Homes Sold

The number of homes which have sold is an area where virtually every market has been affected. This is due to many factors including the lack of sub-prime lending programs, the inability for people to sell their homes in declining markets and move (within the same market or to another market), the sharp increase of home sale activity in past years, and buyer perception as a result of negative media attention.

According to the National Association of Realtors, in 2005, approximately 7,076,000 homes sold in the United States. This number fell to its lowest point during 2nd quarter 2008 when the seasonally adjusted annual rate fell to 4,910,000. In 3rd quarter 2008, this number rose to a seasonally adjusted annual rate of 5,037,000 homes.

In the Greater Greenville area, there have been 5,028 existing single-family homes sold year to date (1/1/2008-11/30/2008). This compares to 6,235 during the same time period in 2007, 6,576 in 2006, 5,925 in 2005, and 4,958 in 2004.

The Future

It is my opinion that the markets which saw little or no decline during this slowdown, will rebound quicker than those which were heavily impacted by falling prices and increases in absorption rate. I believe this to be true because as those markets begin to pick up in sales, more buyers will revisit their original intent to relocate. When those markets rebound, the media will shift their focus to something else, which will bring more local buyers off the fence in their respective markets.

When this rebound will occur is anyone's guess, but many of the nation's leading financial analysts are predicting that residential real estate will begin to pickup in the 2nd quarter of 2009.

I have already started to see an increase in inquiries, reminiscent of what I remember in 2006. During that time, many of the buyers in the Upstate were coming from Florida, New England, and other parts of the country. I constantly look at statistics for my website, and keep a close eye on Realtor.com traffic reports. As for Realtor.com, the Greenville-Spartanburg-Anderson MSA saw a 15.1% increase in traffic in September 2008, compared to September 2007.

Typically the busiest time for my website is during the summer months, but during 2007 and until recently, I noticed a decrease in traffic from Florida, New England, etc. As you will see in the chart below, that traffic has increased to levels comparable to what I remember in late-2006, which I believe is a good sign.

My website traffic during the first two weeks of December (232 unique visitors) has increased to levels which surpass the first two weeks in August (146 unique visitors). This actually defies everything I know about traditional times when people inquire about real estate. Not only have local searches increased, but traffic from Florida has increased by 37.50%, and the number of pages those buyers are visiting has increased by 72%. Traffic from several New England states has doubled. Even inquiries from Michigan increased by 350%, and visitors from North Carolina increased by an amazing 450%!

A final look into my website visitors from November 14th - December 14th, which I think accurately displays the continued interest in the Greenville, SC market:

-----------------------------

This ended up being a much more lengthy report than I originally anticipated, but as long as one person finds this information useful, it was worth it.

Please let me know if you have any questions whatsoever, and have a great day.

Cameron J. Keegan - Greenville SC Realtor
Prudential C. Dan Joyner Realtors
Mobile: 864.238.7109
Greenville SC Homes for Sale

Was Supra blind to changing technology?

Cameron Keegan - Greenville SC Realtor (Prudential C. Dan Joyner) — Tue, 02 Dec 2008 14:22:00 -0600

I'm sure I am one of many frustrated PDA users out there, who are now finding it difficult or impossible to find a PDA phone, which has an infrared port for opening the Supra iBox. Well, it may be difficult now, but impossible very soon. I currently have Verizon Wireless, and they're one of the last carriers who even offer a PDA with an IR port. Come January, they won't, since the XV6800 (aka HTC Titan, Mogul, PPC-6800) should be discontinued around that time.

I remember 3 years ago, when my MLS office announced the change to the iBox. Everyone thought it was great, but I'm standing there thinking, "why in the world are they implementing a dying techonology now?" I mean bluetooth has been around since 1994, and was formalized in 1998. That was 10 years ago! Infrared is great, because it is direct. There is a limited ability for someone to "hack" an IR signal, whereas bluetooth would be a little easier. Then again, the hacker would have to be standing at a maximum of 30 feet from you, and that would make them the worst criminal ever. Not to mention their hack would last a maximum of 24 hours, since the key would still require an update, and your pin.

I know that Supra is starting to offer a "fob" for Blackberry users, which transmits a signal from your Blackberry to the fob....via bluetooth! I thought the point of having an eKey, was to eliminate the middle-man (DisplayKey). Plus, unless you buy a Blackberry through LetsTalk, you have to pay for the fob. Huh? Who knows how much the "fob" will cost if you already have a Blackberry, and what about all of us non-Blackberry users? I have to imagine that there are more Samsung/HTC/Palm users, than there are Blackberry users. They already charge more for eKey service anyway.

Just a little frustrating, but Supra is the primary loser in this mess, and I'm sure they know it. Until they figure out the mess, I'll go back to my Display Key, and save about $10/month. I'm sure they're wondering, just like we are, why they didn't implement bluetooth into the iBox right from the get-go.

Maybe they should recall every iBox nationwide, and replace them with a bluetooth iBox at no charge. Ha!

__________________________________
Cameron J. Keegan - Realtor
Prudential C. Dan Joyner Realtors
Greenville SC Real Estate

More good news: Greenville posts 9th highest appreciation rate in US.

Cameron Keegan - Greenville SC Realtor (Prudential C. Dan Joyner) — Tue, 25 Nov 2008 21:04:53 -0600

Once again, the OFHEO (now the FHFA) released their House Price Index, which showed the Greenville-Mauldin-Easley MSA as having the 9th highest appreciation rate in the United States when comparing 3Q08 to 3Q07.

According to this index, the appreciation rate in our Metropolitan Statiscal Area has amounted to the following:

Quarterly (2Q08 to 3Q08): -.61%
Yearly (3Q07 to 3Q08): +4.55%
5 year (3Q03 to 3Q08): +22.63%

Just like to share those tidbits of information with everyone, since a lot of what you hear in the media has little or no bearing on our local market.

Source: http://www.ofheo.gov/media/PDF/3q08hpi.pdf

View more Greenville SC Real Estate Statistics!

_____________________________________
Cameron J. Keegan - Realtor, ASR, ABR
Prudential C. Dan Joyner Realtors
Mobile: 864.238.7109
Office: 864.678.5373
ckeegan@cdanjoyner.com

Lake Robinson Cove - 4BD/3BA on .58 acres - New Carpet, Fresh Paint, Refinished Hardwoods, and more!

Cameron Keegan - Greenville SC Realtor (Prudential C. Dan Joyner) — Tue, 25 Nov 2008 16:35:27 -0600

Lake Robinson Cove

1 Crusoe Cove, Greer, SC 29651 View Map

**Priced $11,000 less than August 2008 appraisal, which was performed prior to work completion (new carpet, fresh paint, refinished hardwoods, landscaping, and more)!** The gorgeous tree-lined driveway and rocking chair front porch are only the beginning, as this home continues to get better inside. Upon entering, you will immediately notice the amazing hardwood floors, which were recently refinished to bring out their true potential. A formal living room could be the perfect location for a home office, and the formal dining room leads you right into the spacious eat-in kitchen. At more than 350 square feet, the great room is perfect for entertaining. We've only just begun with the main floor, which also features a bedroom, full bath, as well as a large laundry/mud room. Upstairs you will find an alcove, which may be the perfect place for a shared computer. You will also find 3 large bedroooms (all with walk-in closets), including the master suite, complete with double vanity, jetted-tub, separate shower, and a walk-in closet with nearly 100 square feet of space for the shopper in the family. This home is in asbolute move-in condition, and the current owner can close before the holidays!

Details

Asking Price:

$250,000

MLS:

1171225

Sq. Feet:

2917

Lot Size:

.58

Bedrooms:

Bathrooms:

# of Floors:

Garage Size:

Subdivision:

Robinson Cove

Year Built:

2006

Property Amenities

Contact Info

Cameron J. Keegan
Realtor, ASR, ABR

Cell 864.238.7109
Dir 864.678.5373
Email | Website

View more Greenville SC Real Estate!

Sparrows Point - 3BD/2BA one-level home on cul-de-sac street!

Cameron Keegan - Greenville SC Realtor (Prudential C. Dan Joyner) — Thu, 20 Nov 2008 12:38:48 -0600

Sparrows Point

402 Ashridge Way, Simpsonville, SC 29681 View Map

**Price $10,100 below the most recent sale of the same floor plan in Sparrows Point!** What more could you ask for? How about new carpet, fresh paint, and a 15 year transferable termite bond! This home sits at the end of a cul-de-sac and features 3 bedrooms and 2 bathrooms, all on one level. Once you enter through the foyer, you will notice the large great room featuring gas start fireplace, and a dramatic cathedral ceiling. Continue past the dining room to find the kitchen, which includes everything from a built-in microwave to the included refrigerator. This split floor plan also features a main level master suite complete with walk-in closet, garden tub, and separate shower. Just when you thought it couldn't get any better, you will absolutely love being within walking distance to the community pool, cabana, playground, and tennis courts!

Details

Asking Price:

$134,900

MLS:

1170534

Sq. Feet:

approx 1

Lot Size:

.25

Bedrooms:

Bathrooms:

# of Floors:

HOA/Maintenance Fees:

275/year

Garage Size:

Subdivision:

Sparrows Point

Year Built:

1996

Property Amenities

Community Amenities

Contact Info

Cameron J. Keegan
Realtor, ASR, ABR

Cell 864.238.7109
Dir 864.678.5373
Email | Website

View more Greenville SC Real Estate!

Asheton - 4BD/3.5BA + bonus, office, and more on 1.06 acres in established neighborhood!

Cameron Keegan - Greenville SC Realtor (Prudential C. Dan Joyner) — Thu, 20 Nov 2008 12:33:01 -0600

Asheton

205 Asheton Way, Simpsonville, SC 29681 View Map

You truly have to see this home to believe it! Nestled on just over one acre, this gorgeous one-owner home is a landscaper’s paradise. From the momentyou enter through the 2-story foyer, you will appreciate the excellent flow of this floor plan. The master suite is located on the main level, and features separated vanities, walk-in closet, and the convenient ability to utilize as an additional powder room while entertaining. The large kitchen boasts ample cabinet and counter space, as well as a large island with built-in smooth cook top and seating area. Continue upstairs to find three spacious bedrooms, one with private bath, as well as a large bonus room. Head back downstairs, and into the breath-taking sunroom, which overlooks the tranquil backyard. This space is beyond compare, featuring an abundance of alcoves, brick pathways, a foot bridge, and is absolutely full of color. Last but not least, whether you love crafts, painting, or just want a place to get away; there is no place like the detached studio, featuring a quaint front porch, vaulted ceiling, two closets,and an independent HVAC system!

Details

Asking Price:

$569,900

MLS:

1170524

Sq. Feet:

4500

Lot Size:

1.06

Bedrooms:

Bathrooms:

3.5

# of Floors:

HOA/Maintenance Fees:

545/yr

Garage Size:

Subdivision:

Asheton

Year Built:

1983

Property Amenities

Community Amenities

Contact Info

Cameron J. Keegan
Realtor, ASR, ABR

Cell 864.238.7109
Dir 864.678.5373
Email | Website

View more Greenville SC Real Estate!

Forbes: "Affordable Places to Weather the Downturn"

Cameron Keegan - Greenville SC Realtor (Prudential C. Dan Joyner) — Thu, 13 Nov 2008 14:04:09 -0600

In a Forbes article yesterday, they ranked the most afforable areas in the US to weather the economic downturn. They based their analysis on affordability, property taxes, and job growth.

Greenville County, SC ranked #5! They even used Main Street as their headline photo.

Just thought I would share that.

Source: http://www.forbes.com/2008/11/12/cheap-cities-affordable-forbeslife-cx_hc_1112realestate.html

____________________________
Cameron J. Keegan - Realtor
Prudential C. Dan Joyner Realtors
Mobile: 864.238.7109
Greenville SC Real Estate

Greenville, SC is great for relocating singles!

Cameron Keegan - Greenville SC Realtor (Prudential C. Dan Joyner) — Thu, 30 Oct 2008 08:38:09 -0500

In a recent ranking of "2008 Best Cities for Relocating Singles", Greenville actually ranked 21st, of the 100 metro areas in the rankings.

This ranking was based on a multitude of criteria ranging from population demographics to an adventure index.

Yet another positive story relating to the Greenville area, and why it continues to be a great place to consider when thinking about your next move.

See full article below, and click here for more Greenville SC Real Estate.

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WASHINGTON, Oct 30, 2008 (BUSINESS WIRE) -- Relocation industry group Worldwide ERC(R) and Primacy Relocation today announced at ERC's Global Workforce Symposium that Boston/Quincy, MA; Nassau/Suffolk, NY; New Haven, CT; New York/White Plains/Wayne, NY/NJ; and Edison, NJ are 2008's Best Cities for Relocating Singles among U.S. metropolitan areas.

In this fifth and final annual survey, the two organizations once again partnered with Bert Sperling's BestPlaces to identify the cities with the most to offer relocating singles. Using statistical profiles of the largest 100 U.S. metro areas, the survey focused on the criteria most relevant to singles, with the rankings reflecting the ease of transition during a relocation.

Unlike other "best" surveys, the ERC/Primacy Best Cities for Relocating Singles survey measures the issues impacting a newcomer's experience in the weeks and months immediately following a transfer. This year's survey placed an increased emphasis on those economic factors most affecting singles, including an area's unemployment rate, percentage of recent job growth and availability of affordable rental housing. New data was also incorporated this year, measuring an area's arts and recreation opportunities and the overall population growth.

"Relocating to a city can be both exciting and overwhelming for an individual," said Michelle Vallejo, SCRP, GMS, Primacy's President, The Americas. "This survey identifies those factors that help ease the transition for singles, while helping HR professionals better predict the success rates of their employee transfers."

"It's well known that the success of a relocation is strongly reliant on the transferee's ability to assimilate into the new community and recreate his or her support, social, medical and lifestyle networks," said Cris Collie, CAE, Chief Executive Officer of Worldwide ERC. "Our newest 'Best Cities for Relocating Singles' survey provides substantive information for companies whose ranks of renters, a group largely comprised of singles, have been on the rise."

Statistics Used in Ranking the Best Cities for RelocatingSingles:
Population Criteria:
Local single population aged 25-34
Male-female ratios
Diversity and density

GrowthEconomic Criteria:
Cost of living index, rental rates and availability of rentalproperty
Job growth vs. unemployment rates
Higher education costs, including in-state and out-of-state tuitionrequirements

Quality-of-Life Criteria:
Adventure index
Prevalence of restaurants, bars, health clubs, sporting events andconcerts
Percentage of population utilizing online dating and subscribing to magazines geared towards singles
Annual rainfall, snowfall and high/low temperatures
Property and violent crime rates

Worldwide ERC is the membership association of choice for corporate and government relocation managers, real estate companies, goods movers, and a range of service firms and individuals from industries relocation-related workforce issues. Global workforce mobility trends information are at their site. ( http://www.erc.org/)

Sperling's BestPlaces puts facts about cities and living in the hands of the public, so they can make better decisions about best places to live, work, retire, play, or relocate.

Primacy Relocation is one of the top third-party employee relocation providers in the world, and is the largest to focus all technology and resources solely on relocation and global assignment (expatriate) management. Primacy administers programs for employers throughout the Americas, EMEA and Asia regions. Core services include home sales, destination services, household goods move management, and overall program administration. In addition to its Memphis headquarters, Primacy has offices in Chicago, Dallas, Houston, Los Angeles, Minneapolis, New York, Omaha, Sacramento and Washington D.C. (Government Services), as well as Amsterdam, Basel, Geneva, Hong Kong, London, Montreal, Munich, Paris, Shanghai, Singapore and Zurich. Primacy is online, in nine languages, at primacy.com.

Source: Primacy Relocation and Worldwide ERC(R) Rank 2008 Best Cities for Relocating Singles(TM) - MarketWatch

The Truth about Greenville, SC Real Estate

Cameron Keegan - Greenville SC Realtor (Prudential C. Dan Joyner) — Thu, 09 Oct 2008 14:46:21 -0500

With the dismal reports on the national news (and sometimes local), I thought I would shed some light on the state of our local market.

Did you know that the average sale price of an existing home is still rising in the Greater Greenville area? Surprising, I know, since everyone in the media makes it sound like the "real estate crisis" is national. In fact, Greenville had the 9th highest appreciation rate in the most recent price index by the National Association of Realtors. Better yet, The PMI Group Inc. (an organization responsible for identifying risk for lenders) released a report on October 1st, 2008 showing that the Greater Greenville area has "a less than 1% risk of decline in average sale price over the next 2 years."

Something else you might hear about all the time is the foreclosure crisis. Here's another reality that you may not hear on the news too often. According to RealtyTrac (the same organization where the news gets their info), Greenville has a rate of foreclosure 65% below the national average. Actually, in the list of the top 100 markets by population, Greenville ranked 88th for number of households in some stage of foreclosure.

Another term you may hear from time to time is "absorption rate" or "inventory". This has always been a reliable gauge of where a market is leaning (buyers market, sellers market, or neutral). The absorption rate is calculated by counting all of the properties currently on the market, and figuring out how long that inventory would take to sell based on the number of sales in the past. While the national average is approximately 11.5 months (indicating a strong buyer's market), the absorption rate in Greater Greenville is approximately 6.5 months (indicating a neutral market leaning toward the buyer).

One story currently all over the news, is that lenders have limited funds to give potential buyers. It is true that someone with a 570 credit score may have difficulty finding 100% financing nowadays. In markets where prices are on a downward slope, of course lenders have tighter funds, but in lower risk markets such as Greenville, the funds are still readily available.

I sincerely hope that this information helps. If you are looking to buy, interest rates are low, and prices are still rising. I recently realized that if I were to ask my financial advisor to "find me an investment that has averaged a 3.14% yearly gain over the past 5 years, with the ability to write the interest off my taxable income, not pay any taxes on gains up to $250,000 after 2 years, and has a less than 1% risk of decline for the next two years", he would laugh at me.

That's the reality of the Greenville market.

_________________________________________
Cameron Keegan is a Greenville SC Realtor with more than 5 years experience in helping buyers and sellers with their Greenville SC Real Estate needs.

G/S/A remains at low risk for housing price decline.

Cameron Keegan - Greenville SC Realtor (Prudential C. Dan Joyner) — Wed, 01 Oct 2008 12:10:32 -0500

Every quarter, The PMI Group Inc. releases their risk index, which basically measures the likelyhood of a decline in average home price over the next two years. The Fall 2008 Risk Index was released this morning.

Just thought I would post the fact that the Greenville-Spartanburg-Anderson area continues to have a "less than 1% risk of decline in average sale price over the next 2 years."

Ever since I started checking this risk index, our market has held the same "minimal" rating for risk of decline. In fact, I have compiled more than 5 years worth of data from the Greenville MLS, which completely supports The PMI Group's risk index.

With all of the doom and gloom in the national media, I thought I would post this information here, since it contradicts most of what we hear, even on our local news.

Cameron Keegan
Prudential C. Dan Joyner
Greenville SC Real Estate

Source: http://media.corporate-ir.net/media_files/irol/63/63356/pmi_eret_fall08.pdf