September 2019 Greenville Homes Newsletter

A monthly review of our team & the Greenville Real Estate Market Fall is around the corner... After a break for summer our newsletter is back on track. Summer sales followed past trends of strong sales in June, slowing in July and strong again in August just in time for school to start. September typically has been a slower month as people are busy with Fall activities and school starting. This year, is has more sales then the previous two years and shows the confidence the buying public has in the economy. See our charts and summary below for more real estate insights.  Fountain Inn: This week we were visiting Fountain Inn in conjunction with one of our listings that had land, and sold quickly. Fountain Inn typically has more land around the homes. I was very surprised at the well defined downtown area and the streetscape improvements that have taken place over the past few years. I've included photos throughout this blog of the Fountain Inn downtown area. Areas that have seen improvement/attention include the actual sidewalks and lamps along the main street, side streets with cafe tables and sitting areas out of the sun, a water fountain and Saturday market pavilion, a renovated railroad depot and side buildings with original siding and structure still in place. With Mauldin putting in their section of the Swamp Rabbit Trail and Simpsonville committing to a portion as well, Fountain Inn is considering joining the trail as well.  Fountain Inn Cafe Tables/Side Street. Fountain Inn Downtown improvements to the street scape Speaking of cool Greenville town's - Travelers Rest The TR Farmer's Market at trailblazers park has been in full swing this summer and has plans for this fall for more events,  we will go into in a minute. September 28th marks the APPLE FEST SEASON FINALE for the Saturday Market. There will be vendor for everything apple from the farmers to restaurants with apple recipes all prepared to eat (apple cider donuts sound delish) and even vendors doing soaps and other inventive things with our locally grown apples.  Travelers Rest Harvest Market and Bluegrass Festival Is starting up in October. This event will run all of October and is held Thursday evenings from 5:00pm - 8:00pm @ Trailblazer Park, 235 Trailblazer Drive, TR, SC 29690 It will include food trucks, craft beer vendors, wine, produce, baked goods, crafts and MUSIC! Bluegrass musicians will be playing weekly. Sounds like great ambiance and then you can eat out at all the great restaurants TR is becoming famous for if you are not full from all the great food at the park. Just walk it off with a stroll or ride along the swamp rabbit trail.  Fountain Inn Sidewalk streetscape work, Brick inlay and decorative lamps Greenville's Tunnel Project. Greenville's leaders are preparing for the future with this new 100 year sewer dig. It is projected to handle sewer and water issue for the next 100 years with projected growth of the upstate factored into the calculations. There were many ways to handle the issues with our sewer system and many of them would have been very disruptive to the downtown area and Falls Park. Stats on Greenville's Tunnel Project It was decided to take it all underground with a massive pipe that is 7 feet in diameter and will be 6000 feet long. It will run right under downtown from Westfield street to Cleveland Park. Completion date is 2021. The sewer tunnel will be entirely gravity feed and will lead into the sewer treatment plant. It will also handle excess rainwater from storms that now flood the sewer system.   Cunningham Team Home LISTING Hollingsworth Park - 6 Alister Drive, Greenville, SC 29607 List Price $469,900     |    5 BD x 3.5 BA   |    2,800 s.f.   |   MLS# 1396211 AUGUST Home Sales How many homes sold compared to last year?    Real Estate Sales  - September marks the final month of the 3rd Quarter. Businesses and individuals have a firm grasp on what their income for the year is going to be. After a slight slump in the summer months, August soared back with 1505 homes, condos and residential lots sold. This upswing is typical for August, but the volume was much higher then last years rebound. Market wide, inventory levels were up 28.2%. Condos gained the most inventory by 107.1%. That is about a 5.6 months supply of condos. Average home prices are up by $15,000 and median sales prices are up $18,000, that's a 7.0% gain. Condos lead the price increase with their median prices rising to $177,118. The price range that sold the quickest was the $100,001 to $150,000 range, selling in just 33 days. The $300,001 and above range was the slowest seller with an average number of days until it was sold at 72 days,   Greater Greenville Market Data Overview (Condo & Single Family Home Sales as of September 16th) August 2019 2018 Homes Sold 1505 1359  Active Homes 5128 4001 Average Sales Price    $255,470    $239,792 Median Sales Price $220,000    $202,000     Average Days On Market (DOM)  49 46 Thinking of listing? Talk to us about your home's value and our 3D interactive home tour. It's like having an open house 24-7 without the inconvenience!  864-679-0707.  Sources: GGAR MLS ?   DID YOU KNOW   ? The latest color trends include Dark Green's now. The darker Green's are a reboot of the 90's hunter green which was very popular. Today's dark green's have a hint of grey which makes it less jarring and more sophisticated.  Blue is still very popular, but corals are also making a come back with the popularity of the mid-century vibe people are embracing. Greenville's Parallel Project is Complete What is the Parallel Project you ask? It is a project that's overall goal is to help with the congestion on Woodruff road. This project addressed the traffic from I-85 to Verdae Blvd. It opened a road behind the Home Depot and Target and runs it over to Verdae Blvd and connects two other side roads in the process. Once drivers learn about these roads it should cut down on some of the congestion in this area of Woodruff Road. The part I am looking forward to is when they figure out how to improve the Garlington exchange at Woodruff road among others. Good job Piedmont Natural Gas who came up with the solution. Local Developments:  Greer Mill possibly up for redevelopment:  The mill, Greer Mill, at the corner of 300 Connecticut Ave is being submitted to the city for renovation into a mixed use development. The builders are hoping to incorporate residential and commercial including 120 studio apartments, a boutique hotel, office space, restaurants, brewery, a gym, self-storage and a common area. The facility is 8.45 acres and is only 5 minutes from downtown Greer's central business district. The surrounding area is primarily residential mill village houses. These houses would be a good buy to hold onto and renovate for future investment.   Greenville's Real Estate Market  SEPTEMBER 2019 DEMAND Rising INVENTORY Rising PRICE Rising GSP Airport: Opened their $33 million air cargo facility which will allow significantly more domestic and international freight, which is an important component when companies are looking to move to Greenville, SC.  Taylors Mill: Has announced two new tenants, The Mad Smash and The Blue Ox Hatchet House. These two businesses are thinking outside the box. The Mad Smash specialises in allowing clients to smash breakables OR get a massage. WOW, I want to try this place out. The Blue OX is also unique in that you get to throw hatchets. Really. I'm not kidding. Please support these businesses just for the novelty of it. Pretty cool. They will be in the Dock #3 area of the mill near 13 Stripes Brewery and The Farehouse. Sounds like some cool hangout options are growing in this location. I-85-I-385 Construction:  I recently found a cool video on the construction interchange going on. The video was fascinating in how the traffic will change and the new roads that will be or are built. View it here http://www.85385gateway.com/video.aspx Albino Deer? Is there such a thing? Check out the photo of one that was taken in Seneca, SC. COOOOOL. Cunningham Team Home LISTING 102 Cope Circle, Greenville, SC 29617 Listing Price: $199,900   |   3BR x 2BA   |  1,600 S.F.   |   MLS# 140107 ALL BRICK RANCH - CLOSE TO FURMAN UNIVERSITY Cunningham Team Client Testimonial "Working with Lee Cunningham and their team of professionals at RE/MAX to sell my house was the best decision I ever made. From my initial interview to closing I felt like I was their only client. The 3D presentation of my home was outstanding! People would view the house online and feel like they were actually inside the house...I accepted an offer only 6 hours after it was listed for $5,000 more then asking.                ~Barbara H. What's SOLD in YOUR neighborhood? Get sold homes reports for any GREENVILLE, SC neighborhood. Be better informed about selling prices for real estate near you, and your future home.