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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.
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| 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 is | No 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 Comments | There is a very good inventory of homes at all price points. |
| Greatest Activity | Repeat Buyers |
| Reason to Buy/Sell | Population Growth |
| Nearest Metro Area | Spartanburg |
| Housing Hot Spots | We 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.
Click here for full article...
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.
Click here for full article...
Contact Information
Joyce Pettit
864-316-6336
Request More Information Let me answer your questions!
Ask Me!
Blog Archives
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%
Home Values
StreetZip Code
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Request More Information Let me answer your questions! Ask Me!
Joyce Pettit
Keller Williams Realty
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 864-316-6336
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