Greenville SC Homes
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New Home Inventory Going Up in 2010
The number of Upstate residential building permits in 2009 reversed the downward trend of the past couple of years and may indicate that the momentum has changed. According to The Market Edge, more permits were issued in the second half of 2009 than the first, a rarity since in a typical market, 60% of the permits are in the first two quarters. Builders have recognized that the current tax incentives for first time buyers and some owners will spur sales in the first half of 2010, and they are getting ready. You can expect the new home inventory to increase over the next few months. Also, lots that had been held off the market due to bankrupt builders have finally become available as legal issues have been resolved and investors have jumped on the bargains. The Upstate region is categorized as Abbeville, Anderson, Greenville, Greenwood, Laurens, Oconee, Pickens, and Spartanburg Counties; of the 2623 permits issued in the Upstate region in 2009, 1006 were in Greenville County.
Viola Street Recognized
The Southern Living Magazine has recognized downtown Greenville's Viola Street neighborhood as one of 10 comeback neighborhoods in the South. The area is nestled against the popular North Main area just outside the downtown business district, and has undergone a remarkable transformation from small unheated shacks to modern homes. It all started in 2000 when a phalanx of volunteers pulled together to make it all possible. The developer managed the construction for free, a businessman funded scholarships and tutoring programs increased the skills of the current residents that enabled job growth. The end result is 86% owner occupancy, a community center, and a close knit neighborhood. This is one of the revitalization projects in the Greenville area which has proven successful. The other areas noted by Southern Living include North Chattanooga, TN, the Wilmore/South End in Charlotte, NC, Baltimore's Patterson Park, and Holy Cross in New Orleans.
West End's Changing Face
There are a couple of holes in the downtown Greenville storefront lineup as a result of two demolition projects. In the upper end of Main St. next to Piazza Bergamo, the old building is gone with plans to expand the green community area behind the archway leading to the Bank of America building. Locals will also notice the absence of the Army Surplus store farther down Main St. at River Street in the West End. That store has been a mainstay in the West End for almost 40 years, surviving while other businesses failed during the early days of revitalization. The building goes back to about 1870, but was too deteriorated to repair, so has been torn down. In its place, a similar style 4-story building will appear, maintaining the west end architecture.
GSP Expansion Project
The Greenville Spartanburg International Airport has just opened a new general aviation terminal that is LEED registered project. The building was designed to be energy and water efficient with large windows for more light and a water collection system on the roof. It should use 30% less energy and 70% less water than a traditional building, with about a 2% increase in construction cost. Stevens Aviation maintains aircraft at GSP and operates as the fixed base operator, supplying fuel, food and services for general aviation aircraft.
Boy, it really poured rain this last weekend, but it looks like we'll see some clear skies this week with highs in the 50s. Still fairly cool though, with lows in the 30s, and more precipitation later in the week. It's been an abnormally cold winter, but spring flowers are only a few weeks away!