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...There are currently 171 properties for sale in the Spartanburg MLS with an asking price from $400-700,000.00 87 properties in the same range sold this year since 1/01/2014. Almost double the supply versus demand.
Greenville has 562 active properties that meet the same criteria while 539 properties sold this year, with supply meeting the demand...
thank you for the objective data - IMHO, I'd never purchase a $400K+ house in Spartanburg unless I'd plan to live there forever
what are these folks doing for a living that they can afford 400k - 700k houses in Greenville. My wife and I make great money, we are in our early 30s, but we cant afford that kind of a house. not even the low side of $400k. and we make more than most our age, so i'm confused.
what are these folks doing for a living that they can afford 400k - 700k houses in Greenville. My wife and I make great money, we are in our early 30s, but we cant afford that kind of a house. not even the low side of $400k. and we make more than most our age, so i'm confused.
my guess: dual professional households with little debt (specialist physicians, attorneys, business owners, etc) and/or home owners with deep pockets/"family money" - there is a LOT of family wealth in Greenville
what are these folks doing for a living that they can afford 400k - 700k houses in Greenville. My wife and I make great money, we are in our early 30s, but we cant afford that kind of a house. not even the low side of $400k. and we make more than most our age, so i'm confused.
People moving from other, more expensive parts of the country can easily afford these homes, some with no mortgage. Also retirees who have amassed a lot of equity in their homes plus savings.
That's good to know. I must have misinterpreted your comment. I was trying to figure out why there are so many homes for sale and high DOM in Country Club subdivision. We've seen some nice homes online. I thought you were saying because there had been little grown on the surround roads (or not much development)
That is correct. The Moore, Roebuck and Pauline communities have been slow in growth. As the Moore community welcomes industrial growth, more residential and commercial development should follow.
People moving from other, more expensive parts of the country can easily afford these homes, some with no mortgage. Also retirees who have amassed a lot of equity in their homes plus savings.
Not many ppl my wife and my age make what we do, not bragging just saying for the purpose of this thread, but has to be older ppl unless they are very successful young folks (doctors, inherited a successful business, and perhaps a few others). $400-700k homes are expensive! We couldn't afford $400k much less $700k.
doing what? investing in.........? my guess these are middle aged families with attorneys and physicians. RN's and teachers arent buying em.
Doing different things and investing in different things. Not everyone works for a company. Some are retirees who relocate also.
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