Saturday, April 11, 2009

Bargain Property in Greenville South Carolina Provides Excellent Returns

Buyer activity has picked up in the Greenville market with much of the increase coming from first time home buyers taking advantage of the $8,000 stimulus program. The first quarter results show that the number of homes sold is down 39% compared to the first quarter of 2008.

There are currently 6,079 homes for sale in the Greenville MLS and 1,148 of these are new/never lived in homes. There are a large number of new neighborhoods being built and more announced each month. Many of these are in the Simpsonville area, which is one of the larger growth markets. The Greer area also has many new homes being built in all price ranges.

During the first quarter there were 1,119 homes sold for an average price of $166,364 and average days on market was 103 days. These homes sold for an average of 95.4% of list price and the days on market were slightly higher than the same time period in 2008.

If you are searching for a home or bargain property to fix and flip or just buy and hold as a rental please visit my web site at

Approximate Location Boundaries: Greenville, Taylors, Mauldin, Greer and Simpsonville

Location Characteristics: Beautiful area with all type homes from starter to million dollar plus properties.

Other information on investing in bargain property in Greenville SC South Carolina

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