The Dave Edwards Global Real Estate Blog

The following information is deemed accurate as of May 31, 2009 and is based on GGAR members:

In the the month of May there were 583 units sold at an average price of $171,794 and a median price of $141,000. The average days on market was 104.

During May approximately 89% of the sales were below $300,000. Year-to-date that percentage increases to 90%.

There is currently over 7,100 properties on the market at an average price of $270,986 and a median price of $189,900.

Year-to-date there has been over 2,400 units sold at an average price of $165,272 and a median price of $139,400. The average days on market was 102.

When it’s time to buy or sell real estate in Greenville, SC you need to work with a realtor who is honest, trustworthy, and knows the market. The Dave Edwards Global Team makes a strong effort to keep up with Greenville, SC market trends by analyzing market information on a daily basis. Who do you know that needs to sell? Contact us today at 864.275.7250.

Just recently I ran into a friend who was laid off and the business closed (they forgot to apply for a bailout). The reason the business closed is because their competitors had moved operations overseas where people are content with less. The following are a list of things that are not necessarily bad, but most of the world does not have or expect government to give or help them possess. Americans expect to drive on 4 lane highways, police who respond in minutes, numerous hospitals within a stones throw, parks and recreational facilities all over and well maintained, everyone living in a nice home, excellent paying jobs, paid time off, other work benefits, 2 or 3 cars per household, flat screen TV’s, subsidized retirement (Social Security), subsidized health care (Medicare/Medicad), huge grocery stores with numerous food items, airports nearby, laptops for each child, lights on major roads, centralized heating and air, public education, etc. Granted, many countries would like to have what we do, but have we gone from consider it a privilege to it being a right?

Has the “common” American demanded so much that we can’t be content with less?

Do you know where SC ranks in foreclosures, unemployment, and state budget deficits? Find out.  

Are we going to continue to be bought out by the Chinese? Article  

Current absorption rates for the Greenville area  

Are you keeping up with Greenville county property tax laws? Educate yourself.  

Please feel free to contact me with any questions at 864.275.7250 or daveedwards@kw.com. As always I appreciate your business and referrals!!

Price Reduced!!!

This home is conveniently located in the Pelham area with convenient access to downtown Greenville, the Haywood mall area, 385, I85, and much more. The popular Avalon floorplan was selected for this custom built home that includes both extras, the breakfast room and Florida room. As you enter the front door you encounter a beautiful open floor plan. The formal dining room is on your left and the two story foyer is in front of you as you enter the front door. The kitchen has large granite countertops with a fabulous island. It is perfect to entertain or be connected with the rest of the family as they sit in the great room. The large deck provides a wonderful place for an outside retreat. You will not be able to find at this price another home in this location that has this much convenience for your life’s activities, this amount of square footage, and a great floorpla. Contact us today to schedule your personal tour!

New Price is only $300,000!!!!!!

Absorption Rates for the Greenville, SC real estate market.

When it’s time to buy or sell real estate in Greenville, SC you need to work with a realtor who is honest, trustworthy, and knows the market. The Dave Edwards Global Team makes a strong effort to keep up with Greenville, SC market trends by analyzing market information on a daily basis. Who do you know that needs to sell? Contact us today at 864.275.7250 

As of April 10th, 2009 there were 7,162 properties on the market and in March there were 490 properties sold at an average price of $158,541. There has already been 1,270 properties sold this year in the Greenville area.

How many properties have sold each year in South Carolina? See this chart for total real estate sales in South Carolina: 1999-2008

Average Sold Days On Market (DOM)  for Greenville: 1999-2008. At the end of March 2009 the DOM had increased to 105.

If you or someone you know has not owned a home in 3 years or is a first time home buyer then please read about the tax credit that is available.

When it’s time to buy or sell real estate in Greenville, SC you need to work with a realtor who is honest, trustworthy, and knows the market. The Dave Edwards Global Team makes a strong effort to keep up with Greenville, SC market trends by analyzing market information on a daily basis. Who do you know that needs to sell? Contact us today at 864.275.7250

How important is it to know your market? Please see the chart below.

It is starting to annoy me that every statistic, average sold price, and other market information is continually compared to last year. As I look at market reports for Greenville, SC and listen to other realtors discuss the numbers it boggles my mind that they seem to think that the increase in sales and prices would continue to go up no matter what. It is such a narrow focus on the market that it gives a very warped view of reality. This chart shows that the market is coming back in line with a normal market. No doubt sales and prices have dropped, but it doesn’t need to cause a widespread panic. There are many other economic factors that are affecting life and causing much pain to individuals. However, the last five years were extraordinary and the coming five years will be extraordinary. Both periods will have both good and bad mixed in together. Get a bigger picture of what is happening and it will help to calm your nerves.

When it’s time to buy or sell real estate in Greenville, SC you need to work with a realtor who is honest, trustworthy, and knows the market. The Dave Edwards Global Team makes a strong effort to keep up with Greenville, SC market trends by analyzing market information on a daily basis. Who do you know that needs to sell? Contact us today at 864.275.7250

HOMEOWNERS: AVERAGE SOLD PRICE IS UP 17%

The average sold price for a home is up 17% and the average sold days on market has increased by only 2 days. To top it off, there were 847 more homes sold!!

Based on statistics by the Greater Greenville Association of Realtors, what was the worst year for the average seller in Greenville in the past 6 years? The answer: 2003.

In 2003 the average sold price was $156,726, but in 2008 it was $183,816-an increase of 17%!!. The median sold price for Greenville homeowners in 2003 was $132,921. In 2008 homeowners saw that median sold price rise by 16% to $153,724. Also, in 2003 there were only 7,174 units sold while in 2008 there were 8,021. That is a healthy 12% increase in units sold.

How do you look at the real estate market?

The Dave Edwards Global Team (www.edwardsglobalrealty.com) assists residential sellers in the Greenville area and is proudly affiliated with Keller Williams Realty.

This information is deemed reliable, but not guaranteed.

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This information has been provided by Dave Edwards. He is a professional real estate consultant with Keller Williams Realty. You may contact Dave Edwards at 864.275.7250 or daveedwards@kw.com.

This home is conveniently located in the Pelham area with convenient access to downtown Greenville, the Haywood mall area, 385, I85, and much more. The popular Avalon floorplan was selected for this custom built home that includes both extras, the breakfast room and Florida room. As you enter the front door you encounter a beautiful open floor plan. The formal dining room is on your left and the two story foyer is in front of you as you enter the front door. The kitchen has large granite countertops with a fabulous island. It is perfect to entertain or be connected with the rest of the family as they sit in the great room. The large deck provides a wonderful place for an outside retreat. You will not be able to find at this price another home in this location that has this much convenience for your life’s activities, this amount of square footage, and a great floorpla. Contact us today to schedule your personal tour!

These two properties, 185 Payne Drive and 138 King Road, are a great opportunity for investors or first time homebuyers. These homes won’t break your budget in these difficult times. You have a chance to own approximately 3 acres or 0.5 acres of land. At least take a look, you might decide you would like to talk about it further. Contact us today at 864.275.7250.