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Victoria Cottle

Business Moving on Despite Covid-19

Plans were announced for a new 172-acre business park in Fountain Inn June 16th when the Greenville Area Development Corporation held it annual meeting. Which they did via Zoom.

They noted how they believe the size and layout of the building will be desirable to companies that they work with. They believe the success rate here will be high.

The project is being developed by The Sudler Companies, a family-owned and operated firm out of New Jersey, that develops and manages commercial real estate around the U.S. They are interested in investing in areas that are business friendly, of which, they believe Greenville SC to be just that.

Fountain Inn has been experiencing incredible growth in recent years. This development will add to that potential and hopefully reflect positively on Fountain Inn’s main street creating an infusion of dollars from new employees and residents.

As a result of the unexpected COVID-19 pandemic a local Greenville-based healthcare technology service is changing where its employees work. They are downsizing from the downtown Main St location to a 10,000 square foot location near Liberty Bridge.

However, the new space will be used mainly by the company’s leadership teams and executives as the company become a remote-only call center with nearly 200 employees working from home.

It is interesting how this pandemic is making some companies realize that their employees can still efficiently perform their duties while working from home. It is leading to lower overhead for many companies and reducing their expenses. This will also lessen the commuter traffic that will hopefully result in cleaner air especially in cities. And it will lessen the demand on big business electric taking it back to individual homes. It would be a nice bonus for companies with home workers to add a bit to help cover the rise in employee electric bills due to extended use of computers and air conditioning.

Real Estate News

Leading home price analyst CoreLogic put out their Home Price Index (HPI®) report on July 7th, 2020 regarding their analysis of the month of May 2020. National home prices did increase year-over-year in May by 4.8%. But they are predicting that the economic downturn that started in March 2020 is predicted to cause a 6.6% drop in the HPI® by May 2021 which would be the first decrease in annual home prices in over nine years.

Surprisingly, more home buyers are actively entering the housing market this summer. That has created a disconnect between buyers and homes for sale. Housing inventory is still historically low. This imbalance is pushing home values up for now and creating bidding wars in some areas of the U.S. On average for homes that closed in May, there was an average of three offers. As people continue to return to work, we will continue to see an increased in interested buyers.

Boost your chances by hiring a trusted local Realtor® and getting pre-approved for a mortgage loan. This will let sellers know you are serious and qualified to purchase a home. You might also think about writing a letter to the seller of a home you want to put an offer on to increase your chances.

People are on the move and I am ready to help you buy or sell in the Greenville area. Please contact Victoria Cottle by email or call (864) 275-3953 for your real estate needs in the Upstate of South Carolina!

Victoria Cottle is a Realtor® in the Greenville South Carolina area and if you, a friend, or a family member need assistance with selling or buying a home I can help. Referrals and people needing relocation assistance are welcome! Search Single Family homes in Greenville. Search Condos and Townhomes in Greenville.

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The Victoria Cottle Group
Keller Williams Greenville Upstate
(864) 275-3953