Upstate: a luxury home market?

According to the morereport, Greenville/Spartanburg is a strong market for luxury homes.  Check out these statistics of home closings by price range:

  • July 1, 2013-June 30, 2014: 34 homes closed for more than $1 million
  • July 1, 2013-June 30, 2014: 82 homes closed for $750,000 to $999,999
  • July 1, 2012-June 30, 2013: 24 homes closed for more than $1 million
  • July 1, 2012-June 30, 2013: 49 homes closed for $750,000 to $999,999

These numbers are supported by The Market Edge, which found that 18 percent of all homes permitted in the Upstate were over 4,000 square feet in size or more than $400,000 in permitted value.  By comparison, Asheville is similar at about 19 percent, Charlotte is 16 percent, Raleigh is 22 percent, and Columbia is 13 percent.

Sources: and

Building Permit Trend Report is Positive for Greenville County

Building permits are trending up in 2010 for Greenville County according to a report of building permit trends just released.

The Market Edge, a Knoxville, TN, firm, published the report.

The report found that building permit activity in the first three quarters of 2010 were up in Greenville County 11.2 percent compared to the same period in 2009. By comparison, Pickens County is down 25 percent, Laurens County is down 2 percent, Oconee County is down 18 percent, Spartanburg County is down 8 percent, Greenwood County is down 6 percent, and Anderson County is down 15 percent.

While permit activity in Greenville County in 2010 is on track to exceed 2009, most of the increase can be attributed to the New Home Buyer Tax Credit. Since the tax credit expired earlier this year, building permits have dropped 36 percent from the first quarter to the third quarter.

You can read the permit report by clicking here.