|
Housing
 The Greer area has a very active real estate market. New residential developments are being built at record levels which makes for a very dynamic and active real estate market. With mortgage rates at all-time lows and the increase of affordable housing the residential market in Greer continues to be very strong. Good schools, growing retail, quality government services, excellent transportation infrastructure and numerous parks and recreational amenities make Greer the location within the Upstate for continued residential growth.
In 2001, Greer had approximately 400 new home starts. This was up from 325 new home starts in 2000. In 2002 the City of Greer issued 362 permits for single family homes and by 2003 the City surpassed that record amount and issued 436 permits for single family dwellings.
Residential growth is not anticipated to slow down. In the Greer area there are over 120 residential developments planned or under construction. There will be the potential for over 11,000 units if all development occurs. Based on this data the Greer area could anticipated over 20,000 new potential residents over the next five to seven years.
During 2004 there were 1,186 homes sold in the Greer area. This was 252 fewer homes sold than in 2003. The average home price in 2004 was $174,400 which 6.4 percent higher than the 2003 average home price of $163,905. During 2004 the Greer area housing market had a median home sales price of $139,800 which was 2.4 percent higher than the 2003 median home sales price of $136,485. The following is information on the City of Greer’s housing market from the 2000 Census.
2008 Housing Occupancy Data for the City of Greer
| HOUSING UNITS |
Number |
| 2008 Housing Units |
23,356 |
| 2013 Housing Units |
26,315 |
| 2008 Owner-Occupied Housing Units |
15,638 |
| 2013 Owner-Occupied Housing Units |
17,701 |
| 2008 Renter-Occupied Housing Units |
5,885 |
| 2013 Renter-Occupied Housing Units |
6,537 |
| 2008 HOUSING VALUE |
| Less than $40,000 |
1,104 |
| Value $40,000-$59,999 |
964 |
| Value $60,000-$79,999 |
1,142 |
| Value $80,000-$99,999 |
1,596 |
| Value $100,000-$149,999 |
5,235 |
| Value $150,000-$199,999 |
2,874 |
| Value $200,000-$299,999 |
1,989 |
| Value $300,000 & greater |
824 |
| (X) Not applicable; Source: Infomentum, 2008 |
Residential Housing Permits by Month, 2008
Totals 2005, 2006 & 2007
City of Greer
| Month |
No. Single Family Permits |
Cost of Construction |
No. of Multi-Family Permits |
Cost of Construction |
Total No. of Residential Permits |
| January |
14 |
$1,280,040 |
- |
- |
14 |
$1,280,040 |
| February |
19 |
$2,068,825 |
- |
- |
19 |
$2,068,825 |
| March |
11 |
$1,305,384 |
- |
- |
11 |
$1,305,384 |
| April |
23 |
$2,451,658 |
12 |
$15,238,439 |
35 |
$17,689,097 |
| May |
|
|
|
|
|
|
| June |
|
|
|
|
|
|
| July |
|
|
|
|
|
|
| August |
|
|
|
|
|
|
| September |
|
|
|
|
|
|
| October |
|
|
|
|
|
|
| November |
|
|
|
|
|
|
| December |
|
|
|
|
|
|
| Year to Date |
67 |
$7,195,907 |
12 |
15,238,439 |
79 |
$22,343,346 |
| Total 2005 |
454 |
$52,333,422 |
6 |
$110,000 |
460* |
$52,443,442* |
| Total 2006 |
418 |
$49,561,558 |
- |
- |
418 |
$49,561,558* |
| Total 2007 |
303 |
$30,655,495 |
18 |
$10,235,268 |
322 |
$40,860,142 |
| *Also Includes Duplex Developments |
| Source: City of Greer, Codes Department |
Subdivisions Planned or Under Construction in the Greer Trade Area 2007
View The Map
Area Homebuilders Associations:
Homebuilders Association of South Carolina
http://www.hbaofsc.com/
Homebuilders Association of Greenville
http://www.hbaofgreenville.com/home.html
Homebuilders Association of Spartanburg
341 East Kennedy
PO Box 2592
Spartanburg, SC 29304-2592
|
