As a Realtor, I am often asked if the real estate market in Fort Mill is showing signs of recovery. While this is diffiicult question to answer with a hard yes or no, I am assured that there are signs of improvement and positive growth all around.
In reviewing the Carolina Multiple Listing Service data in Fort Mill, the 2011 real estate year showed an 11% increase in homes closed over 2010. There was also a reduction in homes on the market which has created a lessened supply and more demand. This positive movement will be very important as we work through the busy spring & summer market.
Another positive is that our area is continuing to grow and diversify the economy away from banking. We are seeing more and more companies locate operations to the Charlotte area because of our good infrastructure with an international airport, attractive business environment, reasonable cost of living, and proximity to many customer headquarters. There have been recent announcements from companies such as Chiquita, Infinisource & NovantHealth that they will be hiring as well as relocating workforce to the area. Fort Mill will continue to benefit as many families will choose to call it home due to the great school system, lower taxes and convenience to the airport as well as Uptown Charlotte. Schools are being built to handle the movement, builders are developing land to build more homes and roads are being improved to assist the growth.
Finally, I am always reminded that while Fort Mill was definitely impacted by the market downturn, we did not feel it nearly as bad as some parts of our nation such as Florida, California or Arizona. We are so blessed to live in a city that is still a top destination for many families to choose to call their home. I get many requests on a weekly basis from families that are so excited about our great schools, the low taxes we pay as well as all of the vacation destinations that are within a short drive of the area such as the beaches and mountains. I am always excited to be on the receiving end and to be able to help them find a home in a place that they will also love.
So, while the verdict is still out as to whether we are in recovery, overall, I am very positive that Fort Mill is showing great patterns of stability, growth and improvement. Happy Spring and enjoy all that our great Town of Fort Mill has to offer.