Time to look at what happened this week in Anderson County South Carolina real estate:
20 Homes Sold in Anderson County
There were 15 homes in Anderson, 1 in Belton, 1 in Fair Play, 1 in Iva, 1 in Pendleton and 1 in Williamston reported as sold this week.
18 single family homes, 1 town home and 1 mobile homes were reported as sold this week.
The average price of the homes reported sold this week was $155,940.
The median price of the homes reported sold this week was $140,500.
The average days on market was 73.
Remember this is for only 1 week and 20 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.
Least Expensive Home Reported Sold
The least expensive home reported sold this week was a 999 SF 2 bedroom 1 bath home on less than 0.25 acres in the city limits of Belton. It sold for $14,000 CASH after being on the market for 8 days. Originally listed at $15,000.
Great investment property. Sold AS-IS but not a foreclosure. Large screened porch, detached garage/shop and an updated gas pack.
Most Expensive Home Reported Sold
The most expensive home reported sold this week was a 4200 SF 5 bedroom 3.5 bath home on less than 0.49 acres in Fair Play. It sold for $450,000 after being on the market for 26 days. Originally listed at $475,000.
I should mention this home was previously listed for 295 days with another agent / company. It was listed at $599,500 when it was withdrawn. Considering it sold quickly at a much lower price, what should this teach anyone selling a home?
Overpriced homes do NOT sell. Plain and simple.
That being said, this is a big nice home with good water and a dock that is only 5 minutes from I-85. If it had been priced correctly the first time it was listed, I have no doubt it would have sold just as quickly.
Sold Deal of the Week
In my opinion, the best deal of the homes sold this week was a brick 2297 SF 3 bedroom 2.5 bath home on 0.6 acres in the city limits of Iva. It sold for $40,000 CASH after being on the market for 100 days. Originally listed at $77,500.
Foreclosure. Did not look too bad other but will need some rehab and the roof looks iffy in some of the pictures. Still, this is a big house for the price. Even if you need to do some work, this is still a good price.
Foreclosures and Short Sales
Only 1 of the homes reported sold this past week was a foreclosure.
None of the homes reported sold was a short sale.
Today there are 103 foreclosed homes for sale in Anderson County.
Today there are 26 homes listed as a short sale in Anderson County.
Inventory and Absorption Rate
Today there are 1551 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 542 days to sell all the available homes. This statistic is for all homes in Anderson County and based only on this week’s activity.
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 86 new listings to hit the MLS this week in Anderson County.
This Week’s Hot New Listing
The best deal in my opinion of this week’s new listings is a 2055 SF 3 bedroom 2 bath home on 0.5 acres in Anderson. It hit the market at $135,000.
Concord, McCants, Hanna schools. Contemporary home with great curb appeal in wonderful location. Nice landscaping, newer roof. Sunken living room with fireplace plus a den/office with another fireplace. Hard to adequately describe this home because it really is different.
16 homes were reported as going Under Contract (Pending) this week.
Currently there are 242 homes in the MLS with an Under Contract (Pending) status.
The Fine Print:
This is only the basics of what happened last week in Anderson County real estate.
This report covers what happened for the week ending 6-22-2014 based on information from the Western Upstate Multiple Listing Service for the period 6-15-2014 through 6-22-2014. 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.