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1) Strong Real Estate Fundamentals: Greenville has consistently seen between 2-5% appreciation over the last 10-15 years. The local real estate market never got over-inflated and prices here are still between 5-10% beneath the national average. The average time on the market for homes remains at around 6 months for the Greater Greenville Area. The downtown Greenville Condo market moves much quicker with the Average Days on the market for a condo being around 100 days! 2) A Real Estate Market that Resists Downturns: Greenville South Carolina has experienced a 10% appreciation for 2007 while must other areas in the country have seen severe depreciation. Greenville also sold 8% more total dwellings in 2007 than in 2006. 2006 was a stellar year for the Greenville Home and Real Estate Market! 3) Strong Local Economy: Greenville has a vibrant and diversified economic base with over 220 international firms calling Greenville home. Greenville and Upstate South Carolina also have more foreign per capita investment than any other place in the country! 4) An Award Winning Downtown: Greenville’s Downtown won the 2003 American Main Street Award. The downtown is vibrant, cosmopolitan, clean, and safe! Greenville’s Downtown continues to be a major draw to the area and boasts over 1200 downtown condos. The Downtown Greenville Condo Market continues to sizzle with purchasers and investors from around the country investing here. 5) Greenville’s Climate, Scenery, and Recreational Possibilities: Greenville experiences four full seasons yet they are very mild. Greater Greenville sits at the base of the beautiful Blue Ridge Mountains and the extended area offers many recreational possibilities including white water rafting, hiking, camping, boating, fishing, and, mountain biking. Greenville City offers concerts, movies, festivals, and plenty of fun and interesting places to visit. 6) Continued Growth: Greenville’s Economic Base continues to lure national and international firms. The new ICAR Research Park has already broat commitments from Michele, BMW, the Timken Company, Microsoft, and IBM.
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Overall the fundamentals and general attractiveness of Greenville South Carolina make this market a pretty safe place to park your investment dollars. The future looks just as promising as the past. For more information please visit: Greenville South Carolina, Greenville South Carolina Real Estate, Greenville Condos.
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