Spartanburg Real Estate Market Report - Spartanburg, South Carolina
Spartanburg, South Carolina - Spartanburg
| Market Commentary Provided by Joyce Pettit Clients from out of state like our standard of living versus the cost of living. They like the climate, property taxes, affordability of housing. New homeowners feel |
| Report Date | Winter 2010 |
CONNECT WITH A LOCAL PROFESSIONAL 
Joyce Pettit
Keller Williams Realty Spartanburg, South Carolina 864-316-6336 joycepettit@agents.househunt.com Agent Home Page  |
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| Nearest Metro Area | Spartanburg | ||||
| Buyers’ or Sellers’ Market | More sellers than buyers | ||||
| Average Time on Market | More than 120 days | ||||
| Market Trend | Increasing | ||||
| Housing Inventory | Good supply - Some Prices | ||||
| Inventory Comments | There is a very good inventory of homes at all price points. | ||||
| Average Home Price | $150,000 - View Graph Trend | ||||
| Best Selling Price Range | $100,000 - $149,000 | ||||
| Worst Selling Price Range | $450,000 - $499,000 | ||||
| Compared to Last Year | Up 0-5% | ||||
| Prices As % of Asking Price | 90-95% | ||||
| Multiple Offers? | No | ||||
| Greatest Activity | First Time Buyers | ||||
| Buyer Activity for the past 90 days in Spartanburg is | Increasing | ||||
| Seller Activity for the past 90 days in Spartanburg is | Increasing | ||||
| Is Financing Available For Qualified Buyers in Spartanburg? | Yes | ||||
| Existing Home Prices for the past 90 days are | No Change | ||||
| What Percentage of the Current Housing Inventory are Foreclosures and/or Short Sales? | 5-10% | ||||
| Housing Hot Spots | We continue to have great interest in the Westside of Spartanburg. It is near shopping, both interstates, very good schools. | ||||
| Reason to Buy/Sell | Population Growth | ||||
| Average Sold Price | $150,000 - View Graph Trend | ||||
| National Real Estate Market | |||||
| National Summary: National Housing Market Recovery Near? Latest HouseHunt Random Survey Finds Encouraging Signs - First Time Buyers Taking Advantage of $8,000 Tax Credit Like the legendary phoenix which rose renewed from its ashes, the U.S. housing market appears to be on the verge of emerging from the worst real estate market in three years. Several encouraging signs are there. Click here for full article... |
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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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