Commercial Real Estate in Upstate South Carolina

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7 Unit Package in Greenwood, SC

Phoenix St & Baptist Court | Greenwood, SC 29646

Highlights

  • Phoenix St. Includes:
  • Two – 1 Bed, 1 Bath units on the first floor
  • One – 2 Bed, 1 Bath unit on the second floor
  • Baptist Ct. Includes:
  • Two – 2 Bed, 1 Bath single family dwellings
  • One – 2 Beds, 1 Bath Duplex
  • One – Value add duplex waiting to be flipped for its future renters!
  • Properties located within 5 minutes of each other

Apartments in Greenwood

310 Walker Avenue | Greenwood, SC 29649

Highlights

  • 12 Total units
  • All are 2 BR, 1 BA
  • Separate utilities for each unit
  • Extra lot included that offers room for growth
  • Located near Lander University and Lake Greenwood

Multifamily in Laurens

2841 SC-127 | Laurens, SC 29360

Highlights

  • Wonderful value-add opportunity
  • Renovations could add additional units and/or coin laundry
  • 18 Total Units
  • 17 Studios and 1 – 2 BR/1BA.
  • Located in the growing city of Laurens, SC near I-26

Apartments in Downtown Laurens

255 E Main Street | Laurens, SC 29360

Highlights

  • Wonderful value-add opportunity
  • Additional home included which could add units and/or coin laundry after renovations
  • 21 Total Units
  • 7 Studios, 3 – 1BR/1BA, 11 – 2 BR/1BA
  • Close access to I-26 and I-385

Unzoned Lane in Travelers Rest

Belvue School Road | Travelers Rest, SC 29690

Highlights

  • Unzoned
  • 0.96 +/- acres
  • Direct access to Highway 25
  • Located minutes from downtown Travelers Rest

Industrial Warehouse and Company for Sale

Upstate, SC | Upstate, SC 

Highlights

  • Adjusted annual profit: $250,000
  • 10,946 +/- SF total
  • Situated on 1.63 +/- acre lot
  • Building 1: Front offices and rear shop/warehouse space
  • Building 2: Steel building divided into 3 shop/warehouse bays
  • Building 3: Rear storage shed with a roll up door and service door

Office Space for Lease – Site #1142

618 W Main Street | Williamston, SC 29697

Highlights

  • 1,250+/- SF off
  • Great corner lot on Main street in Williamston
  • Ideal for small office, retail space

250 Rock Quarry Road – Site #1127

250 Rock Quarry Road | Travelers Rest, SC 29690

Highlights

  • Unzoned
  • Multiple parcels combined to equal 2.25 +/- acres
  • Swamp Rabbit Trail within walking distance

Connect with Our Commercial Team

Prime Realty Commercial is presenting the opportunity to lease or purchase commercial space in the Upstate of South Carolina. We hope browsing through our commercial listings in more detail piqued your interest! To submit an inquiry, email info@primerealtysc.com with any questions, fill out our contact form, or call our office at 864-326-5405. For residential opportunities, browse our Live Greenville site. 

2022 Market Review

2022 Market Review for South Carolina Real Estate

2022 Market Review

Here’s the 2022 Market Review.

People would consider last year to be a rollercoaster year. Mortgage rates were near historic lows, buyer competition was fierce, and homes were selling at a breakneck pace, often with multiple binds and all-cash offers, due to pent-up demand and a shortage of housing supply, causing sales prices to soar to new heights.

But all that changed shortly after when the increase in mortgage rates began and hundreds of dollars added to people’s existing monthly mortgage payments, causing the housing affordability to plummet to its lowest level in decades. 

Year-to-Year Comparison Report comparing 2021 to 2022.

The quantity sold increased by 2% going from 33,753 to almost 34,337.

The volume sold increased by 14% going from $10,114,053,877 to $11,568,805,796.

The average sale price increased by 11.9% going from $318,548 to $356,525.

The median sale price increased by 14% going from $265,000 to $302,187.

The Price Comparison Report

While the Year-to-Year report does a good job explaining the numbers how much they changed percentage wise, our second source is the Price Comparison Report. This report gives you a more specific look at the overall numbers for each year.

The Price Comparison Report for the years 2021 and 2022 in Greenville looking only at Sold Residential properties, we saw a decrease in home price and a decrease in days on market (DOM). As you can see from this chart, Days on Market declined in 2022 from the 2021 average.

Price Range

Sold 2021

Sold 2022

Average DOM 2021

Average DOM 2022

$0-$49,000

1,016

718

185

137

$50,000-$99,000

948

767

109

66

$100,000-$149,999

1,471

1,010

58

51

$150,000- $199,999

3,189

2,014

35

32

$200,000-$249,999

4,209

2,797

29

28

$250,000-$299,999

3,620

3,636

33

28

$300,000-$399,999

4,094

4,827

33

28

$400,000-$499,999

1,739

2,291

38

33

$500,000+

2,132

2,652

62

40

The Average Sale Price Sold average for 2022 was $356,525 which is significantly more than the 2021 Average Sales Price Sold average of $318,548. While the number of listings from 2021 to 2022 increased from 20,204 to 20,594.

The Cumulative Historical Statistics

The Cumulative Historical Statistics created by the Greater Greenville Association of Realtors® is the final source for our 2022 Market Review. According to these statistics, the Upstate has had a steady increase in units, volume, average price, and median price for the past five years.

These numbers are a representation of market activity but may not include all sales brokered by Member firms and should not be viewed as an all-inclusive of sales transacted within the referenced time periods.

Here are the 2022 numbers compared to last year (2021).

Year

Units

Average Price

Median Price

Average DOM

2022

16,647

$356,525

$302,187

27

2021

17,690

$318,516

$265,000

29

 Here are the 2022 numbers compared to the 2016 numbers.

Year

Units

Average Price

Median Price

Average DOM

2021

17,690

$318,516

$265,000

32

2016

12,198

$212,306

$183,000

62

So, what does this mean for 2023?

Takeaway from SCR Annual Report on the South Carolina Housing Market:

Looking ahead to 2023, much depends on inflation, mortgage interest rates, and the broader state of the economy, although economists predict many of 2022’s housing trends will continue into the new year: home sales will soften, price growth will moderate, inventory will remain tight, and there will be greater variability between markets nationally, with some regions possibly seeing price declines while other, more affordable areas of the country remain in high demand and experience price growth.

NAR Declares Greenville-Anderson-Mauldin, South Carolina Real Estate Market as ‘One to Watch in 2023’:

NAR selected the top 10 real estate markets to watch in 2023 based on how they compared to the national average on the following economic indicators: 1) better housing affordability; 2) greater numbers of renters who can afford to buy a median-priced home; 3) stronger job growth; 4) faster growth of information industry jobs; 5) higher shares of the information industry in the respective local GDPs; 6) migration gains; 7) shares of workers teleworking; 8) faster population growth; 9) faster growth of active housing inventory; and 10) smaller housing shortages.

Prime Realty’s 2022 Residential & Commercial Review

Prime Realty’s residential team ranked no. 65 nationally for total volume sold as a firm! Selling 171 units in 2022, they ranked no. 51 nationally. Prime Realty team is ready for 2023!

Prime Realty’s commercial team reached almost $22 million in volume sold in 2022, establishing their national ranking at no. 41.

Find Your Dream Home in South Carolina

We hope you found this 2022 Market in Review helpful and informative.

If you’re in the market for real estate in South Carolina, be sure to check out our inventory site for available properties. Our experienced team is dedicated to helping you find your dream home, so please don’t hesitate to contact us with any questions or to schedule a showing. And remember, if you’re ready to take the next step in finding your new home, give us a call or visit our website to schedule a consultation with one of our expert agents today!

Resources

NAR Forecast

South Carolina Realtors

For this blog, we used the Residential Sales data from the MLS (Multiple Listing Service) for the Greater Greenville Association of REALTORS® (GGAR) to show you how the market in Greenville has changed over time. For more generic 2023 detailed forecast reports, visit Realtor and Zillow.

Why Prime Agents Love the Upstate of S.C.

According to the people who live here (and a few national publications) the Upstate is one of the best and friendliest places to be, but what makes it the best? We decided to ask the people who know the area best, our agents! Below are responses from a select amount of our Prime agents. 

Question 1: Why do you love the Upstate of South Carolina?

Jackie Dowling: “I love the Upstate because it is close to the mountains and close to the beach! You can take a day trip to either!”

Lindsay Jasionowski: “I love that the Upstate offers “big city” experiences, yet still manages to feel like a small-town home. The upstate is very passionate about keeping things local. Almost all of the restaurants are sourced by local farms, small businesses selling products produced by local artists and designers. And my favorite of all, the amount of people who spend time outdoors – running, biking, walking, hiking – rain or shine, you can almost guarantee to see activity around you.”

Tracy Tate: “I love the Upstate of South Carolina because of the people that live here. I am originally from here, but I love that so many people have found our great area and love it enough to move here. People are kind and helpful.”

Sierra Wright: “I love the location! Greenville SC is driving distance to the beach, the mountains, and also bigger cities. The climate is always nice, and cost of living is lower than up north and the West Coast.”

Mary Krcelic: “The Upstate has been my home for over 35 years. Love it because of the closeness to so many other places, activities, change of seasons, football and because Greenville is amazing!”

Matt Poole: “I love the Upstate because of its proximity to so many things. Hiking, Lakes, the beach, Charlotte, and Atlanta are all within a couple of hours. I also love that there is so much you can do and with so many new businesses and companies coming into the area, that list continues to grow.”

Rebecca Henderson: “It’s the best location! Close enough to the mountains for a day hike and lakes/beach for some fun on the water, our area has something to offer in all seasons.”

Amy McMahan: “I love the smaller town living. The proximity to the mountains and the beach makes it a great place to live.”

Erin Halperin: “Accessibility to mountains, coast, ATL, Asheville, Charlotte without the price tags.”

Question 2: What is your favorite place in Upstate S.C.?

Rebecca Henderson: “How am I supposed to choose one?! If I had to choose, it would be the Greenville Zoo!! I have adored and been fascinated by animals all my life, so the zoo is a very happy place for me. A close second is the Roper Mountain planetarium…call me crazy but the illusion of experiencing galaxies far far away is hypnotic. Having gone there as a kid for many field trips, there’s something a little nostalgic there as well.”

Matt Poole: “My favorite place in the Upstate is Downtown Greenville. I love the food scene and the vibe that downtown provides. It is a beautiful place to walk around, shop, enjoy good food and good times with your friends and family.”

Mary Krcelic: “I love Downtown Greer. There are so many cute places and wonderful restaurants. I also love Landrum and it’s cute downtown.”

Sierra Wright: “The Swamp Rabbit Trail is the best place for walking and bicycling, it is also very relaxing!”

Erin Halperin: “Anywhere outside, but the Swamp Rabbit Café has amazing local groceries and delicious treats!”

Tracy Tate: “I love Paris Mountain. It is beautiful and a short drive from my home.”

Lindsay Jasionowski: “Falls Park – How many states have a massive waterfall nestles right into the heart of the City?!”

Jackie Dowling: “The Children’s Museum! We frequent often and love the ever-changing exhibits. It’s fun for all ages.”

Amy McMahan: “Downtown!”

Question 3: What is your favorite thing to do in the Upstate of South Carolina?

Tracy Tate: “I am a runner, so my friends and I make great use of the Swamp Rabbit Trail. We met at the Swamp Rabbit Cafe, get our miles in and then have breakfast.”

Amy McMahan: “We live to walk downtown and have lunch and shop!”

Matt Poole: “My favorite thing to do in the Upstate is driving. I know that sounds weird, but there are so many amazing places around that you see so much. Taking a drive down Highway 11 at the base of the mountains in the fall or around Keowee in the Summer or through many of the small towns. There is just so much to see and enjoy.”

Rebecca Henderson: “Eat! So many incredible places to enjoy a great meal, from the local family-owned kitchen to the national chains; there’s something for everyone!!”

Jackie Dowling: “Go hiking or biking along the Swamp Rabbit Trail.”

Lindsay Jasionowski: “Explore the outdoors!!”

Erin Halperin: “Walk or bike the trail”

Sierra Wright: “Travel to the beach and enjoy the events Downtown Greenville.”

Mary Krcelic: “I love all of the events in Greenville, some of my favorites are Fall for Greenville and Euphoria.”

Check Out More Prime Realty Blogs About South Carolina

If you are looking for recommendations of more places to go or things to do, check out Prime Realty’s other blogs all about the Upstate of South Carolina, linked below. If you are thinking about relocating here or just moving to a different area, contact one of our Upstate  real estate agents today!

Waterfalls in Upstate South Carolina

Picture of a waterfalls within a mountains-cape

Your Guide to Waterfalls in Upstate S.C.

It’s finally that time of year when the weather is getting nice and it’s starting to warm up in the Upstate of South Carolina. It’s no secret that the Upstate is full of waterfalls, but did you know we are known for having one of the highest concentration of waterfalls in the United States? The specific area is called the Blue Ridge Escarpment, also known as “The Blue Wall.” The Blue Wall rises 3,554 feet at its highest peak and spans around 20,000 acres through South Carolina, North Carolina, and Georgia. Many of the waterfalls are located in Oconee, Pickens, and Greenville Counties, this area has an average rain fall of 80 inches which creates beautiful rushing waterfalls. We did some reading and spoke to a couple of locals to create a list of a of waterfalls in each area of the Upstate that are perfect for every kind of adventurer!

Click on the section heading to be directed to one of the many state parks found in that county.

Oconee County Falls

Waterfall in North Carolina

Oconee County is also known as “The Golden Corner” and it runs along the Chattooga River and marks the border between South Carolina and Georgia.

  • Bee Cove Falls: This waterfall is divided into four sections. The hiking distance is about 2 miles to see all four and the hike is considered difficult.
    • #1. 40 foot waterfall
    • #2. 30 foot waterfall
    • #3. 40 foot waterfall
    • #4. 20 foot waterfall
  • Big Bend Falls: This 30 foot waterfall gets its name from the hairpin curve where it is located on the Chattooga River just before the falls. The hike to Big Bend is almost three miles and is considered an easy hike. The shoreline of the river below the falls is beachy and boulders where you can relax, have a snack, or take a swim after your hike.
  • Brasstown Falls: This series of three waterfalls is located on the edge of Sumter National Forrest. It is a quick hike, only .3 miles to see all three but is not recommended for new hikers!
    • Cascades: 50 feet
    • Veil: 35 feet
    • Sluice: 35 feet
  • Disappearing Falls: This 12 foot waterfall is one of the more interesting waterfalls in the upstate. At first glance, it appears to be a small stream, but when you get closer there is a 12 foot drop over a black granite rock, the water ends up in an underground stream.
  • Hidden Falls: This 60 foot waterfall is best viewed after a rainy day and was unnamed until 1995. The hiking distance is a little over two miles and is considered a moderate hike.
  • Issaqueena Falls: This 100 foot waterfall is one of the easiest to access in South Carolina. Just a 10 minute hike, perfect for all kinds of hikers!
  • Whitewater Falls: This 200 foot waterfall is located north of Salem. There are two major falls, and it is considered the highest series of falls in North America.

Pickens County FallsWaterfall

Pickens County is known as the upper Eastatoee Valley. Eastatoee is a Cherokee word that translates to Valley of the Green Bird, which is a reference to the now extinct Carolina Parakeet. Pickens County is located he northwest part of the U.S. state of South Carolina, between Greenville and Clemson and up to the North Carolina border.

  • Carrick Creek Falls: This 15 foot waterfall is an easy .2 miles hike in Table Rock State Park.
  • Eastatoee Gorge Falls: This 25 foot waterfall is an amazing sight after a difficult 2.5 mile hike. The fall is at the point where the 15 foot wide river is forced into a three-foot-wide sluice.
  • Gauley Falls (also known as Sliding Rock Falls): This is a 12 foot waterfall that is made up of a series of large boulders that the water flows over. There is no need to hike to get here, it is located right off the golf course at The Rock at Jocassee.
  • Mill Creek Falls: This waterfall is divided into two parts, upper and lower.
    • Upper: This 25 foot waterfall is about a three mile hike that will take you to the bottom of the falls so you can look straight up at it.
    • Lower: This 50 foot waterfall is technically located on private property, but can be seen taking a quick road side break on your way to Table Rock State Park.
  • Pinnacle Mountain Falls: This 100 foot waterfall is a 1.4 mile hike through a rough trail but is totally worth the view. This multi-tiered waterfall runs over rocks and fallen trees.
  • Todd Creek Falls: This 20 foot waterfall is breathtaking and only a 20 minute hike.
  • Twin Falls: This 75 foot waterfall is located an easy ¼ of a mile hike, it even has a viewing deck with seating. If you visit after a heavy rain, you can sometimes see a third waterfall to the right of the falls.

Greenville County Falls

Waterfall in GreenvilleGreenville County is located north of Pickens and Oconee Counties. The waterfalls in this area are surrounded by a rich history of mountaineers in the Upstate.

  • Ashmore Falls: This 150 foot waterfall is located in the Ashmore Heritage Preserve. While it is only a short walk to be able to see the waterfalls, if you want to get a closer look, you’d have to hike a bit further into the steep terrain.
  • Drip Rock Falls: This 12 foot waterfall is located right on the side of the road and is best viewed during the winter months. The slow flowing water creates beautiful large icicles in the winter.
  • Falls Creek Falls (not to be confused to Fall Creek Falls): This 125 foot waterfall is a 1.2 mile hard hike in Westminster, SC and is one of the most unique waterfalls in the Upstate.
  • Firewater Falls: This 20 foot waterfall is located 1 mile into a Caesars Head State Park. The name came from an old moonshine still that once was on top of the granite shelf.
  • Jones Gap Falls: This 50 foot hike is located only one mile down a well maintained hiking trail. The water flows over many multi-colored ledges of granite.
  • Mashbox Falls: This 80 foot waterfall is a difficult hour long hike near Caesars Head State Park. This waterfall location is interesting because of the mashbox and two 55-gallon water drums used for making moonshine that are stuck in the ground around 300 feet from the base of the waterfall.
  • Rainbow Falls: This 140 foot waterfall is located a hard half mile hike in Cox Camp Creek. The hard hike is worth it to see this beautiful thin ribbon of water falling and swaying in the wind.
  • Reedy River Falls: This 28 foot waterfall is located in the heart of downtown Greenville. If you want to take a long or short walk on the Swamp Rabbit Trail to check it out, this waterfall is hard to miss.

There are a so many great waterfalls to visit in the Upstate. We only picked some local favorites, there are so many more to choose from! Hopefully, we’ve inspired you to visit these beautiful Upstate waterfalls for yourself. If you enjoyed this guide, please share it with other hikers and lovers of the great outdoors and check out some of our other guides to the Upstate. Happy adventuring!

 

Take a Look At Our Other Prime Realty Guides For Upstate S.C.

New Year, New List of Must Try Places in the Upstate

Kid Friendly Activities in the Upstate

Food Worth Trying in Greenville

8 Dog Friendly Places in Greenville

State Parks Not Far from Greenville

Happy Hours Around Town

Resource:

Waterfall Hikes of Upstate South Carolina by Thomas E. King