What Will 2017 Hold For Upstate SC Real Estate?

By
Real Estate Agent with Berkshire Hathaway HomeServices - C. Dan Joyner 21498

The beginning of a new year is always exciting to me. It is full of hope and possibility.  I am an optimist at heart and always start the year thinking it will be a wonderful year for all!  Being a Realtor in Upstate SC, I wanted to make a few predictions for what 2017 will be like in the real estate market for our area.

In the end, I think it will be a great year for our market. As with all years, it will have it's ups and downs, but I think our area will continue to grow and prosper. Following are a few of my 2017 predictions:

  • Interest rates will rise some, but the increase may actually help the economy overall. I don't think the rates will rise so much that they will influence buyers to slow their buying.
  • Home prices will continue to increase, but at a slower pace than 2016. This is actually a good thing overall so we don't have another crash.
  • Inventory will continue to be an issue for most of 2017. Sellers are still cautious and most dont realize that prices have come up again to about where they were before the crash. 
  • Because the inventory stays low, it will continue to be a seller's market for most of 2017. This will also keep the days on market very low, but will continue to frustrate buyers since it is so hard to find a home to buy.
  • New homes will boom in our area for 2017. With lack of inventory, builders will come back to the market in force!
  • Lending will be a little easier, making it easier for the first time buyers to get in the market and own their first home. 

So there you have it, my predictions for Upstate SC ( Anderson, Greenville, Pickens and Oconee Counties of SC). What are your thoughts? How do you think the real estate market will do in 2017? 

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If you are looking to buy or sell a home in the  Anderson or Greenville SC real estate areas, visit our website at www.SheilaNewtonTeam.com for tons of great information.

 

   
Sheila Newton   
Sheila Newton Team 
Berkshire Hathaway HomeServices -
C. Dan Joyner, Realtors
864-225-1205 (direct)
864-940-6377 (mobile)

www.SheilaNewtonTeam.com    


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Rainmaker
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Susan Haughton
Long and Foster REALTORS (703) 470-4545 - Alexandria, VA
Susan & Mindy Team...Honesty. Integrity. Results.

Sounds as if you have a great handle on the real estate market for your area of SC in 2017. I think it is stacking up to be a good year for many folks. 

Jan 08, 2017 12:51 PM #1
Rainmaker
818,843
Sheila Newton Team Anderson & Greenville SC
Berkshire Hathaway HomeServices - C. Dan Joyner - Anderson, SC
Selling the Upstate since 1989

Susan - I really think we are going to all do well in 2017!! looking forward to a great year

Jan 08, 2017 12:55 PM #2
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Paul S. Henderson, REALTOR®,CRS,
RE/MAX Northwest. - Tacoma, WA
Tacoma Washington Agent/Broker & Market Authority!

Loved the view from your crystal ball and I hope you have an awesome year Sheila Newton Team -- Anderson & Greenville SC Real Estate 

Jan 08, 2017 04:47 PM #3
Rainmaker
818,843
Sheila Newton Team Anderson & Greenville SC
Berkshire Hathaway HomeServices - C. Dan Joyner - Anderson, SC
Selling the Upstate since 1989

thanks, Paul.. hope you have an awesome year as well :)

Jan 08, 2017 05:47 PM #4
Rainmaker
4,850,249
Roy Kelley
Realty Group Referrals - Gaithersburg, MD
Roy and Dolores Kelley Photographs

Thank you very much for sharing your real estate market predictions.

Have a most productive year!

Jan 08, 2017 06:15 PM #5
Rainmaker
818,843
Sheila Newton Team Anderson & Greenville SC
Berkshire Hathaway HomeServices - C. Dan Joyner - Anderson, SC
Selling the Upstate since 1989

Thanks, Roy.. hope you have a wonderful year as well..

Jan 08, 2017 06:17 PM #6
Rainmaker
1,650,887
Lottie Kendall
Pacific Union International - San Francisco, CA
Serving San Francisco and the Silicon Valley

Hi Sheila -- like Susan Haughton says, you have a good handle on your local real estate market.  May I print your blog post for a possible referral? I'll be sending you a message soon!

Jan 08, 2017 08:02 PM #7
Rainmaker
3,736,043
Joan Cox
Metro Brokers - House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Sheila, we always get calls from potential clients asking what the market will do for this year -- great overview! 

Jan 10, 2017 08:59 AM #8
Rainmaker
818,843
Sheila Newton Team Anderson & Greenville SC
Berkshire Hathaway HomeServices - C. Dan Joyner - Anderson, SC
Selling the Upstate since 1989

Lottie - of course, that would be awesome! :) and very much appreciated

Jan 10, 2017 09:36 AM #9
Rainmaker
818,843
Sheila Newton Team Anderson & Greenville SC
Berkshire Hathaway HomeServices - C. Dan Joyner - Anderson, SC
Selling the Upstate since 1989

Joan - thanks.. I am thinking of putting this blog on my website.. :)

Jan 10, 2017 09:36 AM #10
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Praful Thakkar
LAER Realty Partners - Andover, MA
Andover, MA: Andover Luxury Homes For Sale

Sheila Newton Team -- Anderson & Greenville SC Real Estate - lots of catching up to do for me...

Most of us have the same 'prediction' when it comes to mortgage interest rates. This should help buyers come our of the closet and buy! 

(And in our area, builders are already out! Lots of new construction!)

Jan 12, 2017 03:41 PM #11
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Praful Thakkar
LAER Realty Partners - Andover, MA
Andover, MA: Andover Luxury Homes For Sale

By the way, thanks for your participation in this contest Sheila Newton Team -- Anderson & Greenville SC Real Estate.

Jan 12, 2017 03:42 PM #12
Rainmaker
1,407,680
Inna Ivchenko
Barcode Properties - Encino, CA
Realtor® • Green • GRI • HAFA • PSC Calabasas CA

I agree, 2017 is going to be RE strong and well see more listings and more buyers. 

Jan 14, 2017 07:06 PM #13
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