Special offer

February 2015 Charlotte Housing Market Update - Indian Land, SC

By
Real Estate Agent with Coldwell Banker Realty 179530

Homes for sale in Indian Land, SCFebruary 2015 showed a solid performance in home sales in the Indian Land, South Carolina area of the Charlotte metro region.

 

The average sale price of Indian Land area homes increased 3.5% to just over $265,000, while days on market for property listings dropped to 62 days, a 19.5% improvement over the same period last year.

 

Price per square foot also increased by 3.7% to $111/square foot during February versus the same period in 2014 (much of this having to do with the large amount of new construction in Indian Land). Gone are the days when buyers could look in Indian Land for a "bargain" in Lancaster County versus York County.

 

Closed sales of homes in Indian Land were down slightly by 1% versus the same period last year with just 6 fewer homes closing in the month of February 2015. However, pending sales in February 2015 were up 6.1% versus February 2014.

 

The average percent of original list price that sellers received for their homes was essentially flat compared with last year, but at a 96.5% figure (down 0.4%) it shows how little negotiating room there is on Indian Land homes.

 

The Indian Land area's months supply of homes is just over 3 months for two years now--indicating more of a seller's than buyer's market in Indian Land, South Carolina. It would appear we can expect continued low inventory levels of homes for sale, pressure on prices, and minimal negotiating room.

 

 

Indian Land Area Local Market Update - February 2015

 

 

 

 

 

 

 

 

 

 

SEARCH ALL INDIAN LAND, SC HOMES FOR SALE

 

WONDERING WHAT YOUR INDIAN LAND, SC AREA HOME IS WORTH?

 

 

Posted by

 

 Nina Hollander, RE/MAX Broker, Realtor

 

 

 

Broker, Realtor, MBA, GRI, ABR, SRES, CDPE, SFR, SPS, CMRS
Carolinas Realty Partners with Coldwell Banker Realty
Direct: 704-779-0813
Website: www.GreatHomesInCharlotte.com
Blog: News You Can Use From The Greater Charlotte Area
Search For All Charlotte Area Homes: www.GreatHomesInCharlotte.com 

Charlotte Magazine 5-Star Customer Satisfaction Award Winner Since 2007

 

 Connect with me also on these sites:  

 

facebook twitterlinkedinpinterest

  

                                                                                                                                          

Oh by the way, I'm never too busy for any of your referrals!

 

Find Your Charlotte Home

 

How Much Is My Home Worth       Free Charlotte Relocation Package

 

 

 

Disclaimer:  Nothing in this blog article is to be construed as legal advice, tax advice, or financial advice.  For legal advice see an attorney.   For tax advice or financial advice see a tax attorney, certified public accountant, or other qualified professional.

 

Comments (12)

George Souto
George Souto NMLS #65149 FHA, CHFA, VA Mortgages - Middletown, CT
Your Connecticut Mortgage Expert

Nina you guys are into a good market in your area and it looks like it is going to keep going in that direction for a while.  Enjoy It!!!

Mar 10, 2015 09:51 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Good morning, George Souto ~ we're enjoying, for sure, and hoping that the party goes on for a while!

Mar 10, 2015 08:55 PM
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

Hi Nina.  Thanks for keeping us updated on the Indian Land SC real estate market.

Mar 10, 2015 10:04 PM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Hey Gabe Sanders ~ you are more than welcome. I check your posts daily and I know you do a great job in your market as well keeping people updated.

Mar 10, 2015 10:13 PM
Maria Gilda Racelis
Home Buyers Realty, LLC-Manchester, Bolton. Vernon,Ellington - Manchester, CT
Home Ownership is w/in Reach. We Make it Happen!

Hi Nina: The increase pending sales in February 2015 compensated for the reduction on the sales for the same month.

Overall, the market shows improvement from the sluggish years we had a few years ago.

Mar 10, 2015 10:43 PM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Maria Gilda Racelis ~ you are totally right and pending sales in February auger for a good March/April. By the same token, the decrease in reduction of sales was only 6 fewer houses sold--not a very significant number at the end of the day.

Mar 10, 2015 10:48 PM
Roy Kelley
Retired - Gaithersburg, MD

Thanks for sharing your market update. This is good information for prospective home buyers and home sellers.

Mar 11, 2015 12:10 AM
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Nina, great report to keep residents in and around Indian Land informed on the recent sales data.   Glad to see home values have increased.  

Mar 11, 2015 11:50 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Roy Kelly ~ let's just hope some of those buyers and sellers actually read this!

Mar 11, 2015 08:37 PM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Thanks, Joan Cox ~ our home values have been moving up slowly but steadily for a couple of years now. Hopefully, we won't be seeing any reverses any time soon.

Mar 11, 2015 08:38 PM
Sally K. & David L. Hanson
EXP Realty 414-525-0563 - Brookfield, WI
WI Real Estate Agents - Luxury - Divorce

Sounds healthy and that's a good thing ! 

Mar 11, 2015 09:26 PM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Sally K. & David L. Hanson ~ our market throughout the region is quite healthy right now, thank heavens. And, of course, we are all hopeing it stays that way for the next several years.

Mar 11, 2015 09:39 PM