Strong Demand in Greenville Residential Market


house constructionThe Greenville area’s residential real estate market has rebounded from 2007, with strong demand, particularly for homes up to $250,000, outpacing inventory in some communities. Industry executives also said Greenville’s “destination” downtown has become a selling point.

A report for March shows a $9,816 increase in the average purchase price of single-family houses-condominiums-townhouses since March 2007 in The Greenville Multiple Listing Service area that includes Greenville County, Greer and part of Laurens and Pickens counties. The March average sales price is up $27,110 from March 2006.

“The downtown area is what is doing it,” said Nick Sabatine, CEO of the 2,400-member Greater Greenville Association of Realtors and the MLS. Sabatine said 2006 records do not show any sales of more than $2 million but in 2015 and this year there are transactions of $4.85 million, $2.14 million and two at $2.8 million.


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