April 2015 continued showing major 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 area homes increased by 8.4% to just under $284,000 compared with April 2014, while average days on market for property listings dropped by 20 days to 65 days, a significant 23.5% improvement over the same period last year. Price per square foot also increased by 4.7% to $111/square foot during April versus the same period in 2014.
Closed sales of homes in Fort Mill/Tega Cay were up 8.6% compared with the same period last year with 1,354 homes closing in the month of April 2015. Pending sales in April 2015 were also up significantly--14.5% versus April 2014.
The average percent of original list price that sellers received for their homes was slightly higher compared with last year and at a 96.6% figure (about a .2% 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 3.3 months--indicating a true seller's market in Fort Mill and Tega Cay, South Carolina. And with new listings down in April 2015 by .5%, we can only assume that housing inventory in Fort Mill will remain tight and homes will continue to sell fast and close to asking price.
Fort Mill Area Local Market Update - April 2015
SEARCH ALL FORT MILL, SC HOMES FOR SALE
SEARCH ALL TEGA CAY, SC HOMES FOR SALE
WONDERING WHAT YOUR FORT MILL OR TEGA CAY, SC HOME IS WORTH?
Previous Fort Mill Housing Market Updates:
- March 2015: http://activerain.com/blogsview/4644013/march-2015-charlotte-housing-market-update-fort-mill-sc-area
- February 2015: http://activerain.com/blogsview/4620662/february-2015-charlotte-housing-market-update-fort-mill-sc-area
- January 2015: http://activerain.com/blogsview/4599378/january-2015-charlotte-housing-market-update---fort-mill--sc-area
- December 2014: http://activerain.com/blogsview/4581464/december-2014-charlotte-housing-market-update---fort-mill--sc-area
- November 2014: http://activerain.com/blogsview/4557439/november-2014-charlotte-housing-market-update---fort-mill--sc-area
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.
If you are considering selling or purchasing a home in the Charlotte metro area, I would love an opportunity to earn your business, exceed your expectations, and to prove to you that:
"The Right Broker Makes All The Difference."
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