Winter 2012 Market Update
Clients from out of state like our standard of living versus the cost of living. They like the climate, property taxes, affordability of housing.

Average Home Price $150,000 - View Graph Trend
Average Price Compared to Last Year Down 0-5%
Average Time on Market More than 120 days
Best Selling Price Range$100,000 - $149,000
Worst Selling Price Range$550,000 - $599,000
Prices As % of Asking Price 90-95%
Existing Home Prices for the past 90 days are?Decreasing
Market Trend Increasing
Buyers’ or Sellers’ Market More sellers than buyers
Buyer Activity for the past 90 days in Spartanburg isNo Change
Seller Activity for the past 90 days in Spartanburg is?No Change
Multiple Offers?No
What Percentage of the Current Housing Inventory are Foreclosures and/or Short Sales?5-10%
Is Financing Available For Qualified Buyers?Yes
Housing Inventory Good supply - Some Prices
Inventory CommentsThere is a very good inventory of homes at all price points.
Greatest Activity Repeat Buyers
Reason to Buy/Sell Population Growth
Nearest Metro AreaSpartanburg
Housing Hot SpotsWe continue to have great interest in the Westside of Spartanburg. It is near shopping, both interstates, very good schools.
Average Sold Price $150,000 - View Graph Trend

Spartanburg Local News

Sluggish housing market in line for a better 2012, according to quarterly survey

The figures are still flat-lining, but there appears to be signs of life out there for a housing market that's dying for an upward tick of good news.

The up-and-down ride for real estate the past few years was seen again in the fourth quarter of 2011, according to a survey of HouseHunt real estate agents across the country. There are pockets of good news offset by bad, with home values and prices basically bumping along the bottom of the grid on a perceived never-ending rocky road.

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Joyce Pettit
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     864-316-6336
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Mortgage Rates
– Feb 10th, 2012 –
---------------------------------
 30 yr. fixed rate:     3.89%
 15 yr. fixed rate:     3.21%
  30 yr. jumbo rate:  4.60%
  15 yr. jumbo rate:  3.96%

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Joyce Pettit
Keller Williams Realty
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(NOTE: Because current market conditions can change rapidly in any given marketplace, please check with the exclusive HouseHunt, Inc., real estate agent for this territory before acting on this information.)
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