Greenville Ranked in Top Third of Nation's Housing Markets

The 2009 Coldwell Banker Home Price Comparison Index (HPCI) released today ranked Greenville in the top one-third of affordable housing markets in the nation with an average home price of $214,116 for a 2,200-square-foot home.

The HPCI is an annual study released by Coldwell Banker© Real Estate, LLC that provides an apples-to-apples comparison of similar 2,200-square-foot, four-bedroom, 2.5 bath homes among 310 U.S. markets. Coldwell Banker Caine participated locally in the study that provides insight into the most expensive and most affordable markets across the nation. This year’s study ranked Greenville as #103 in affordability, nearly $150,000 below the national average of $363,460.

“The Upstate continues to provide a wide range of affordable housing options,” says Brad Halter, President of Coldwell Banker Caine. “This affordability, along with low interest rates and tax incentives, provides first-time home buyers and move-up buyers with a unique opportunity to take advantage of Greenville’s current housing market.”

In addition, Halter says that the study also shows that Greenville’s homes are maintaining their value.

“Statewide, Greenville’s home values are ranked second in South Carolina behind Charleston,” Halter says. “This shows that homes here are maintaining their value, which reinforces that home buying in the Upstate continues to be a good investment. And, that doesn’t even take into consideration Greenville’s high quality of life and economic growth, which also positively impacts on our housing market. This truly is a smart time to buy.”

Other S.C. markets that were identified in the study include Charleston, Columbia and Myrtle Beach. Charleston’s average home cost is $338,726; Columbia’s is $191,075; and Myrtle Beach’s is $188,123.

The Coldwell Banker HPCI formula allows consumers to calculate what their home may be worth in another city and provides preliminary guidance for the affordability of housing from one market to another. Other markets nationally that compare to the average price of homes in Greenville include Las Vegas, Nev.; Modesto, Calif.; Albuquerque, N.M., and Boise, Idaho.

The HPCI formula, along with the full study, can be accessed at www.ColdwellBankerCaine.com.

Coldwell Banker Caine has more than 150 full-time sales associates that serve Oconee, Greenville, Anderson, Pickens and Spartanburg counties. Coldwell Banker Caine is the #1 Coldwell Banker Residential and Commercial firm in South Carolina. It also is ranked in the Top 2 Percent of Coldwell Banker’s 1,232 firms internationally.

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As a premier provider of full-service real estate, Coldwell Banker Caine is a nationally competitive firm that has the highest per person productivity in the Upstate. The company offers quality residential and commercial real estate services through offices located in Greenville, Spartanburg, Oconee, and Pickens counties. Family owned and operated, Coldwell Banker Caine has been providing service beyond the contract to the Upstate community since 1933.

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