The Upstate SC

VOL12ISS1 2016

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Page 59 of 83

THE ORIGINAL RELOCATION GUIDE — UPSTATE SC | VOLUmE 12 — ISSUE 1 58 If you are looking for a great place to buy a home, look no further than the Upstate region of South Carolina. Greenville, Spartanburg and the surrounding cities and towns all feature prime locations and unique amenities that are sure to satisfy even the most discriminating home buyer. With a low cost of living and stable real estate market, the Upstate is a perfect place for newcomers who are buying their frst homes or for older generations who are looking for an upgrade in surroundings and square-footage. As far as South Carolina real estate in general, the state issued 1,947 new residential permits in January 2016, down 9.2 percent from December but up 2.5 percent from January 2015. Housing starts in the "Palmetto State" totaled 27,100 in January, up 2.9 percent in the month and 2.0 percent since January 2015. Home values in the state, according to CoreLogic Information Solutions, depreciated 0.7 percent in December but appreciated 6.8 percent on a year-over-year basis. Home values depreciated in December in every South Carolina metro area except Charleston and Spartanburg while on a year-over- year basis, prices grew in every MSA except Columbia. South Carolina's venerable city of Greenville boasts one of the top housing markets in the nation and is consistently recognized as one of the best places to live because of its moderate climate, low cost of living, and wide variety of amenities. The city boasts affordable housing options and a diverse mix of bungalows, classic Tudors, Charleston-style homes, townhomes and more within traditional neighborhoods, historic districts, and suburban areas. In recent years, increased demand for urban living has resulted in a boom of new housing development in the downtown area, ranging from single-family homes and townhouses to urban lofts and condominiums. According to the Council for Community and Economic Research, Greenville's annual cost of living is 95 percent of the national average. It comes as no surprise that Greenville is ranked as one of the top 10 fastest- growing cities in the United States. upstate real estate Upstate Real Estate by brett cornwright More good news for newcomers is that Greenville home prices are leveling of. The median price of home that sold in January 2016 was $168,000, just over two percent higher than in the previous year. Greenville housing sales were 11.5 percent higher in January 2016 as compared with the previous year. Annual housing sales in 2015 were also 11.5 percent higher than in 2014. In a sign of a growing real estate market, homes sales in Greenville have grown by double digit averages every year since 2011. With plentiful, diverse career opportunities, great public and private schools, and a dynamic, vibrant downtown, it's easy to see how newcomers fall in love with Spartanburg. Nested in the foothills of the Blue Ridge Mountains, Spartanburg is full of great homes at afordable price points. The median selling price of homes in Spartanburg is well below the national median. The average home here costs $152,154 and has 1,750 square feet. Spartanburg homes include traditional ranches, conventional two-stories, Colonials and Craftsman styles. Numerous communities ofering a friendly neighborhood setting can be found throughout Spartanburg. New upscale condos are available downtown, within walking distance of restaurants, boutiques and Morgan Square. Also within walking distance of downtown is historic Hampton Heights, the county's oldest intact residential neighborhood, with sidewalks, tall trees and dozens of restored homes. The Hampton Heights neighborhood is comprised of 340 residences, many of which retain their architectural integrity from the early twentieth century. Architectural styles represented in the neighborhood include Queen Anne, Bungalow, Craftsman, Four-Square, and Neo-Classical. Listed on national and local historic registers, the neighborhood has been revitalized by pro- active homeowners and a strong neighborhood association. Its close proximity to downtown allows residents to walk or bike to many destinations. So no matter which Upstate city or town you choose for your new home, you simply can't go wrong. Good luck on the search and don't forget to contact one of the area's many Realtors for practical advice and guidance through the buying process. [] great locations, choices, stable market

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