Greenville: A Rising Star in Real Estate and Culinary Delights!
Hey there, Greenville! If you’ve glanced out your window this morning, you probably noticed it’s a bit partly cloudy to start the day, but don’t worry—those clouds are rolling in for an afternoon visit! Expect a high of around 55°F with some breezy northeast winds at 10 to 15 mph. As we move into tonight, prepare for some occasional rain showers with temperatures dipping to a low around 38°F. With a 40% chance of rain later on, it might be a good idea to keep an umbrella handy!
Greenville-Anderson: A Real Estate Hotspot!
Now, onto some exciting news for the real estate enthusiasts out there! The Greenville-Anderson housing market has just been highlighted as one of the top 10 real estate markets expected to outperform in 2025 by the National Association of Realtors (NAR). That’s right—our lovely area is bringing its A-game!
The timing couldn’t be better as Greenville checked off more criteria on NAR’s list of housing hot spots than most other cities. Among the competition this year? Major cities like Boston, Charlotte, Indianapolis, Knoxville, and Kansas City. But, it seems our charming city is standing out.
What factors place us among the best? According to NAR’s chief economist, Lawrence Yun, it’s all about the available inventory at affordable price points, promising low mortgage rates, rising incomes for young adults, and the influx of new residents into our area. The average mortgage rate in the Greenville-Anderson metro sits at just 6.9% in 2023, which is notably lower than the national average!
Thriving Community and Real Estate Growth
Families and young professionals are finding accessibilities and stability in starter homes, which is fantastic for our community. The report notes that strong net migration into the area is really fueling the market’s growth—a clear sign that people are recognizing the beauty and potential of Greenville!
Culinary Developments in the Heart of Greenville
On the culinary front, we’ve got some anticipated changes coming up. If you’ve enjoyed dining at Roost on Main Street, hold onto your forks! The American-style restaurant will be temporarily closing for renovations from December 26 until early spring 2025. They’re aiming to create an elevated yet approachable dining experience that embraces seasonal flavors and local ingredients under the direction of Executive Chef Zac Leepper. Delicious future meals await!
Meanwhile, earlier this month, another change was announced—the Starbucks at NOMA Square will be closing its doors to make way for a locally focused market and café, but fear not, the same owner will still be around to guide this new venture.
Exciting Real Estate Activity
In real estate news, an industrial property just a five-minute drive from downtown Landrum has sold for an impressive $4.9 million. This manufacturing site, sprawling over 137,200 square feet, was facilitated by BellStreet Inc.—a boutique firm specializing in commercial real estate. Broker Max Norton praised the property as a unique opportunity for investors in a growing market.
Wrapping Up!
So, there you have it, Greenville! Whether you’re looking at houses, checking out new restaurants, or just soaking in the beauty of our town, there’s never a dull moment! Keep your eyes peeled on the skies and your ears open for more local happenings. Happy exploring!
