Current trends in the Kingdom

Real Estate Agent with Parkway Realty Associates

A buyer once told me not to tell him that my area is unique.  He said every area is unique.  After a lot of thinking, I believe he is right and wrong.  All areas are unique and this area is no different.  It, too, is unique.  We have a great way of life here that affords us a lot of great opportunities. We have four seasons and each season allows us to participate in new adventures.  As a result, many people gravitate here for those adventures.  Once here, they often find ways to experience these adventures on a more regular basis.  Some move here and make it their home.  Others purchase a second home or land hoping to build a get away.  Because of this, our real estate market is a mixture of primary residences and vacation properties. 

So, what does all this mean to real estate in this area?  I think it contributes to a more stable market.  Factors that help or hurt the economy of the local area don't necessarily effect the buyers and sellers of vacation properties.  Conversely, when the areas south of here, where many second home buyers and sellers come from, experience a downturn, that may not have a significant effect on traditionally primary residences.  We also do not experience the highs and lows in such magnitude as other areas.  That can be good news and bad news. 

The current downturn is having an effect on much of the country. We are in a slower market, too, but things are still selling when properly priced. We are not seeing the same rate of foreclosures due to more conservative banking practices. This is something we are all thankful for.

I agree with many of the economist that it will be awhile before we see significant recovery in the real estate arena.  However, historically, real estate has always been a good investment and I believe it will continue to be.  Now is a great time to be a buyer.  In all adversity is opportunity!

Comments (6)

Keith Elliott Jr
KEIRE Realty Group - Manassas, VA
Principal Broker/Owner

Hello Patricia,

Welcome to Active Rain and congrats on your first post! The opportunities to learn and network are incredible here. Best of luck to ya!


Jul 29, 2008 10:00 AM
Susan McQuaide
Keller Williams - Simpsonville, SC

Welcome to Active Rain! I hope you find this site as informative and entertaining as I have!

Jul 29, 2008 12:30 PM
Bill Kennedy
Keller Williams Greenville Upstate - Greenville, SC
Homes For Sale Greenville SC

I just wanted to give you a welcome to Active Rain! This is a great site, and a great community.  Join some groups, check out some blogs, and most importantly, write often!  Just watch out - it's addictive!

If you ever need the services of a real estate agent in the Greenville South Carolina area, let me know!

Jul 29, 2008 03:20 PM
Kirk Westervelt
Van West Realty - Greenville, SC Realtor -Short Sale Expert! - Greenville, SC
Kirk Westervelt, Broker In Charge, Van West Realty - CDPE - Short Sale Agent - Home for Sale - Greenville, Simpsonvil...

Hi, welcome to Active Rain! I hope to see more of your blogs in the future. Learn from others, share your knowledge and experiences and enjoy yourself! Take care! ---Kirk.

Jul 29, 2008 05:15 PM
The Trumm Team Omaha Homes for Sale, Real Estate
Keller Williams Greater Omaha - Omaha, NE

Welcome to ActiveRain!

If you would like a few tips on getting the most out of ActiveRain, please visit my blog Welcome to Active Rain.  It has a few simple steps of what to do now that you have joined.

If you ever have any questions, just let me know.

Troy Trumm

Jul 30, 2008 12:57 AM
Lorena Westervelt
Van West Realty - Greenville, SC

Hello, welcome to Active Rain! This seems like a wonderful environment to network as well as learn from others. I hope you enjoy yourself and participate often in the Active Rain environment!

Jul 31, 2008 09:05 AM