Right now there is a lot of buzz about condos and townhomes in Greenville, and rightfully so. Greenville County’s condominium and townhome communities are expanding while providing opportunities that cater to different lifestyles.
While an individual’s reason and intention for moving is always unique, I’ve seen a few common trends among those who are searching for condos and townhomes.
The first trend I’ve experienced is young professionals looking for their first home purchase. They would like to build equity and, in some cases, are saving money in comparison to the increasing rate of rent. These reasons, in addition to avoiding the costs of home maintenance, make condos and townhomes a good deal. The next trend is eager re-locators hoping to expand their horizons in a bustling city with an equally attractive culture. Condo and townhome communities can be in close proximity to Greenville’s highly populated urban areas. The third trend is the downsizing couple who still desires to own real estate with flexible living. Greenville’s landscape caters to these trends with its expansive condo and townhome communities.
Currently, there are 200 condos and townhomes for sale in Greenville County. GGAR MLS (multiple listing services) offers insights on the popularity of Greenville condos and townhomes.
Did you know that between January 1, 2020 and March 24, 2020, 154 condos and townhomes, between $100,000 and $300,000, were sold? I consider that a big deal for such a short amount of time. They are also selling quickly with 69 of those condos and townhomes being sold in under 30 days of being on the market. There’s even more data to support the trend of popularity with 16 of those properties being sold the same day they were introduced to the market!