Boiling Springs SC and Spartanburg SC Luxury Homes Priced $400,000 and Up
As the price of a Spartanburg South Carolina home goes up the number of days it takes that home to sell goes up as well. There is a direct correlation between Spartanburg home prices and days on market in a tight economy or at least an economy with so much uncertainty. The Boiling Springs area offers a lot of home for the money in a great community, in a great location in “Upstate”, SC. The luxury home market is no exception as we have a number of very good local builders that build homes that would sell for much more if located in some other markets.
Still, the time it takes a home to sell, or the days on market for Spartanburg SC homes increases considerably as the price goes up. Look at the “Sold Listings” column below to see the annual sales rate of Spartanburg homes in this price range. As the price goes up the sales rate comes down even while the supply of homes remain consistent across the $400,000 to $600,000 prices range. Not shocking new information but certainly interesting to see. This of course translates into a higher months of inventory ranging from 2.5 years to 5 years and beyond. Search for Boiling Springs SC homes and real estate priced at $400,000 and above.
If you are a seller of a $400,000 or greater Spartanburg home or Boiling Springs home it will be important to reach a buyer market outside of the local Boiling Springs real estate market. You can review the highlights of a successful residential real estate marketing sales plan by clicking the link. Of course some secret details are left off as proprietary sales strategies and tactics!!!
|Source: Spartanburg, SC MLS|
|Date Range||Solds per
|$400 – $450||74||30||12||2.5||29.60|
|$450 – $500||71||26||12||2.2||32.77|
|$500 – $600||74||17||12||1.4||52.24|
|$600 – $750||41||8||12||0.7||61.50|
|$750 – $1 million||48||3||12||0.3||192.00|
|$1 million – up||40||2||12||0.2||240.00|