Despite a stabilizing housing market, the foreclosure crisis is far from over. According to RealtyTrac, South Carolina is in the top ten for home foreclosures in 2016. How does South Carolina’s overall picture look for Greenville?
Greenville SC Foreclosures Market Trend
In January, there is a 15 percent increase in the number of properties that received a foreclosure filing in Greenville County, SC compared in the previous month. Although the number of Greenville SC foreclosures seems to be down by 24 percent from the previous year, there is an estimate of 1 filing in every 943 home in Greenville County.
Foreclosure Rates For Greenville County, SC
|Travelers Rest:||1 in every 679 homes goes into foreclosure|
|Simpsonville:||1 in every 699 homes goes into foreclosure|
|Piedmont:||1 in every 899 homes goes into foreclosure|
|Greenville:||1 in every 1011 homes goes into foreclosure|
|Taylors:||1 in every 920 homes goes into foreclosure|
The number of Greenville SC foreclosures per estimated market show that homes in the price range of 100-200k have the highest availability in Greenville, SC followed by homes priced under 100k.
The median sales price of a non-distressed home was $156,500. The median sales price of a foreclosure home was $102,000, or 35% lower than non-distressed home sales.
Buying a Greenville SC Foreclosure
If you’re looking to purchase a Greenville, SC foreclosed home, you’ll find there are plenty of listings available on the market today. However, you should act quickly once a foreclosed home comes on the market as they often don’t stay long on the market especially if they are in good condition and located in a good area. If you’re interested in a foreclosed home, prepare yourself to move quickly and give us a call. Our buyer specialists are ready to serve you.