Greenville SC Real Estate: How is the market Report....November 2008

By
Real Estate Broker/Owner with PRODUCER Realty, LLC

There are several factors to consider when buying or selling Greenville South Carolina Real Estate or Upstate SC Real Estate, here are some statistics to help you when buying or selling Greenville SC Real Estate:

Greenville Nov. TrendIn November, there were 414 units sold in the Greater Greenville Real Estate market. This number is (-44.7%) less than the 749 units sold in November 2007. The total volume was $75,345,285 in    November                            2008  vs. $140,206,011 in November 2007, with an average price of $181,993 in November 2008 vs. $187,191 in November 2007. Average Days on the Market(DOM) was 99 days in November 2008 vs. 92 days in November 2007.

Between January 1st - November 30th 2008, there were a total of 7,514 units sold the Greater Greenville SC Real Estate market. If you compared that number to the same time last year at 9,531, that is (-21.1%). The volume was $1,388,742,664 (-21.8),    Average price of $184,821(-.8%), and Average DOM of 95 days Versus: Volume of $1,776,504,421, Average price of $186,392, and Average DOM of 86 days for Jan 1st - November 30th 2007.

ACTIVE GREATER GREENVILLE SC HOMES FOR SALE:

As of December 10th of 2008, there were 6,791(+4.5%) Single Family Homes for sale, Condominiums for sale, and Townhomes for sale in the Greater Greenville Real Estate market. The Volume is $1,827,962,101 (+10.1%), Average price is $269,174(+5.4%), and Average DOM is 142 days. Compared to December 10th 2007 at 6,499 actives, the Volume was $1,659,699,340, Average price was $255,377, and Average DOM was 121 days.

WHAT DOES THIS MEAN TO THE VALUE OF YOUR HOME?

Right now, the Greenville SC Real Estate market is shifting in favor of the buyer, so there are more Greenville South Carolina homes on the market than there are buyers willing to buy. If you are considering selling your Greenville SC home, you should make sure that you have it priced right according to the market. This is no time to overprice your home for sale. Not only does your home need to be priced correctly, it also needs to stand out above the competition. So, you should consider having your home professionally staged, or at least give it a very nice cleaning, and spruce up the landscaping, etc.

Keep in mind that the value of your home is not soley determined by the statistics shared on this blog. To get a no obligation, Free Maximum Home Value Audit of your home, feel free to contact me either by email at Victor@TheProducerTeam.com or call me directly at 864-525-0201. Also, feel free to visit the Seller section of our website at www.TheProducerTeam.com/Selling.

If you are interested in purchasing Greenville SC real estate, contact me or visit my website at: www.TheProducerTeam.com to browse through over 12,000 Greater Greenville SC Homes for sale.

 

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This information is intended for those interested in Greater Greenville South Carolina real estate information, and the stats was from Greater Greenville Association of Realtors. The opinion shared here was believed to be relevant at the time at the time of this post, but may not be relevant in the future.

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Victor Amadi, REALTOR® | Broker-In-Charge | CDPE | CHSA
PRODUCER Realty, LLC
Office:     864-438-5050   
Cell:        864-525-0201
Fax:        1-800-860-0993
Email:     Victor@ProducerRealty.com
Location: 425 N. Main Street, Suite C
                Simpsonville, SC 29681
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