July 2017 Market Report

By
Real Estate Broker/Owner with Gwen Fowler Real Estate, Inc 10307

July 2017 Market Report

Local news outlets across the nation have been delving into the cause for lower sales totals in their markets during a period of economic growth, and it generally boils down to a lack of housing supply, especially in certain price ranges, to meet buyer demand.

For the 12-month period spanning August 2016 through July 2017, Pending Sales in the Western Upstate region were up 0.4 percent overall.

The price range with the largest gain in sales was the $300,001 and Above range, where they increased 12.0 percent. The overall Median Sales Price was up 7.4 percent to $160,000. The property type with the largest price gain was the Condos segment, where prices increased 8.7 percent to $117,250.

The price range that tended to sell the quickest was the $100,001 to $150,000 range at 56 days; the price range that tended to sell the slowest was the $300,001 and Above range at 110 days.

Market-wide, inventory levels were down 0.8 percent. The property type that gained the most inventory was the Condos segment, where it increased 8.9 percent. That amounts to 6.3 months supply for single-family homes and 6.2 months supply for Condos.

 

Data was taken from the Western Upstate Sales File.

Posted by

************************************************************************************************************

Gwen Fowler-Brown

Gwen Fowler Real Estate, Inc
317 South Highway 11
West Union SC 29696
Serving Oconee County, from the banks of the Chattooga River to the shores of Jocassee, Hartwell & Keowee Lakes.

c-->

Contact me about property in Oconee County, Seneca, Walhalla, Westminster, Long Creek, Salem, Mountain Rest, Richland, Sunset and Six Mile, SC.  2nd homes are our expertise. 

The best number to reach me at is 1-800-248-8950.

View our listings at www.CoolMountainEscapes.com

Gwen Fowler Real Estate, reasons for going to work each dayBlue Ridge MountainsOC Spot Monday Holstein

 

 

close

This entry hasn't been re-blogged:

Re-Blogged By Re-Blogged At
Topic:
Real Estate Market Trends

Spam prevention
Show All Comments
Rainmaker
3,571,834
Will Hamm
Hamm Homes - Aurora, CO
"Where There's a Will, There's a Way!"

Happy Sunday Gwen and thanks for sharing your market report with us here in the rain,  Always good to see what is happening in the rest of the country.

Aug 20, 2017 07:43 AM #1
Ambassador
2,285,920
MichelleCherie Carr Crowe Just Call...408-252-8900
Get Results Team...Just Call (408) 252-8900! . DRE #00901962 . Licensed to Sell since 1985 . Altas Realty - San Jose, CA
Family Helping Families Buy & Sell Homes 40+ Years

My thanks for a great article on home values in your area.

Aug 22, 2017 03:52 PM #2
Show All Comments

What's the reason you're reporting this blog entry?

Are you sure you want to report this blog entry as spam?

Rainmaker
642,434

Gwen Fowler-864-916-2019 SC Mountains Lakes Homes

Gwen Fowler Real Estate, Inc.
Ask me a question
*
*
*
*