Anderson County SC Real Estate Market Report October 19 2014

17 Homes Sold in Anderson County

There were 9 homes in Anderson, 2 in Belton, 1 in Iva, 1 in Liberty ( Liberty address but it IS in Anderson County ), 1 in Pelzer, 1 in Piedmont, 1 in Starr and 1 in Townville reported as sold this week.

15 single family home and 2 mobile homes were reported as sold this week.

The average price of the homes reported sold this week was $169,012.

The median price of the homes reported sold this week was $164,400.

The average days on market was 126.

Remember this is for only 1 week and 17 homes!

Because these statistics are for only one week and all of Anderson County, it may not tell you what is possible for a specific home.

This is only the basics of what happened last week in Anderson County real estate.

 

Least Expensive Home Reported Sold in Anderson County

The least expensive home reported sold this week was a brick 991 SF 3 bedroom 1 bath house on 0.89 acres in Iva. It sold for $19,900 CASH after being on the market for 125 days. Originally hit the market at $35,000.

Located in the 29655 Zip Code and the Crescent High, Starr-Iva Middle and Iva Elementary school district per MLS info.

Some hardwood floors. Baseboard heat and no air. Fresh paint on the inside. New windows, gutters, hot water heater. Updated plumbing. Private well and connected to city water. Roof looks iffy but otherwise, this is a great price.

 

Most Expensive Home Reported Sold in Anderson County

The most expensive home reported sold this week was a brick 3600 SF 4 bedroom 3.5 bath house on 1.54 acres in Belton. It sold for $445,000 after being on the market for 19 days. Originally hit the market at $469,900.

Located in the 296727 Zip Code and the TL Hanna High, Glenview Middle and Midway Elementary school district per MLS info.

Custom built home with 10 ft ceilings, hardwood floors, custom cabinets with granite counter tops. Keeping room with fireplace. Master bedroom has his and hers walk in closets. 3 car garage. In ground pool.

 

  Sold Deal of the Week in Anderson County

In my opinion, the best deal of the homes sold this week was a brick 2646 SF 4 bedroom 2 bath house on 0.49 acres in the city limits of Anderson. It sold for $140,000 after being on the market for 36 days. Originally hit the market at $159,900.

Located in the 29625 Zip Code and the Westside High, Lakeside Middle and Whitehall Elementary school district per MLS info.

Super awesome location in North Anderson. I admit that I love the homes in North Anderson close to Linley Park. Yes they may be older homes but they have character that is hard to find in newer homes. Especially at this price! Plus there is usually mature landscaping including some magnificent old trees for lots of shade.

This home has beautiful hardwood floors, fireplace and built ins in the living room, formal dining room. Recently renovated kitchen. Large Butler’s pantry with built in cabinets. 28X17 rec room. Vinyl windows and architectural roof. Storage building and 1 car garage ( the garage looks really small ). And of course, lots of charm and character wazoo…

 

Foreclosures and Short Sales in Anderson County

None of the homes reported sold this past week was a foreclosure.

None of the homes reported sold was a short sale.

Today there are 89 foreclosed homes for sale in Anderson County.

Today there are 24 homes listed as a short sale in Anderson County.

 

Inventory and Absorption Rate in Anderson County

Today there are 1467 homes for sale in Anderson County.

  If homes in Anderson County continue to sell at the same pace and no more homes hit the market, it will take 604 days to sell all the available homes. This statistic is for all homes in Anderson County and based only on this week’s activity. Most people consider a housing market healthy if there is less than 6 months of inventory.

Depending on the home/location/price range, this may not tell you what is possible or realistic for a specific home! It could be better or worse!

 

New Listings in Anderson County

There were 78 new listings to hit the MLS this week in Anderson County.

  This Week’s Hot New Listing in Anderson County

The best deal in my opinion of this week’s new listings is a brick 3088 SF 5 bedroom 2 bath home on 2.11 acres in Anderson. Hit the market at $179,900.

Located in the 29621 Zip Code and the Wren High, Wren Middle and Spearman Elementary school district per MLS info.

Foreclosure. Needs work but lots of potential and good price for the size/location. Multiple fireplaces. No heat or air so quite possible the home is “copper free” also. Built in bookcases. Granite counter tops. Hardwoods under the carpets.

 

Looking Forward

21 homes were reported as going Under Contract (Pending) this week.

Currently there are 218 homes in the MLS with an Under Contract (Pending) status.

 

The Fine Print:

This report covers what happened for the week ending October 19 2014 based on information from the Western Upstate Multiple Listing Service for the period October 12 2014 through October 19 2014. As always there may have been more closings but the agent has not turned in the closing sheet to the WUAR MLS yet. All this data is from the Western Upstate Association of REALTORS® Multiple Listing Service.

Any snarky or sarcastic comments are from your truly…

Mortgage Rate Update October 18 2014

Freddie Mac mortgage rate chart october 16 2014

It has been way too long since we looked at the average mortgage rates. Lets look at the average mortgage rates reported by Freddie Mac, the MBA and Bankrate.com Freddie Mac Reported: 30 year fixed rate mortgages averaged 3.97% with an average … [Continue reading]