December 2014 showed a solid improvement in home sales in the Fort Mill, South Carolina area (which also includes Tega Cay) of the Charlotte metro region. The average sale price of Fort Mill/Tega Cay area homes increased by 6.8% to just over $282,000 versus December 2013, while days on market for property listings dropped to 42 days, a significant 33.3% improvement over the same period last year. Price per square foot also increased by 5.8% to $110/square foot during December versus the same period in 2013.
Closed sales of homes in Fort Mill/Tega Cay were up 12.1% versus the same period last year with 1,311 homes closing in the month of December 2014. Pending sales in December were also up significantly--13.7% versus December 2013.
The average percent of original list price that sellers received for their homes was essentially flat compared with last year, but at a 96.9% figure (about a .4% improvement), it shows how little negotiating room there is on Fort Mill/Tega Cay homes.
The Fort Mill/Tega Cay area's months supply of homes is 3.2 months--indicating a true seller's market in Fort Mill and Tega Cay, South Carolina.
Fort Mill Area Local Market Update - December 2014
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This Charlotte, North Carolina real estate monthly update for Fort Mill and Tega Cay is brought to you courtesy of Nina Hollander and Carolinas Realty Partners, RE/MAX Executive, your Charlotte metro area real estate consultants.
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