What Happened In Indian Land, SC's Housing Market In December 2016

By
Real Estate Agent with RE/MAX Executive | Charlotte, NC

Indian Land, South Carolina

 

December 2016 homes sales in the Indian Land, South Carolina area of the Charlotte metro region experienced another excellent month, continuing the strong trends we've seen here all through 2016.

 

The average sale price of Indian Land area (29707 zip code area) homes increased 5.9% to just under $297,000, while average days on market for property listings dropped by 7 days to 49 days in December, a 12.5% improvement over the same period last year. Median days on market also dropped by 10 days to 21 days compared with one year ago.

 

Price per square foot also increased by 6.0% to an average of $123/square foot during December 2016 versus the same period in 2015.  Home buyers can no longer expect to find "bargains" in Indian Land, as the days when homes in  Lancaster County versus adjacent York County were much less expensive are essentially gone and clearly gone for good.

 

Closed sales of homes in Indian Land were up 9.1% versus the same period last year. Meanwhile, pending sales in December 2016 were up by double digits at 12.3% versus December 2015. Clearly, the fall and holiday selling season maintained its intensity through December. The average percent of original list price that sellers received for their homes held steady at 96.9%, showing minimal negotiating room for Indian Land homes.

 

The Indian Land area's months supply of homes in December decreased 11.8% to 3.0 months versus one year ago--indicating a seller's in Indian Land, South Carolina.  New listings  were up 11.2%, which will hopefully begin to relieve some of the pressure of inventory shortage in Indian Land, especially in the under $250,000 price point.

 

 

Indian Land Area Local Market Update - December 2016

 

 

 

 

 

 

 

 

 

SEARCH ALL INDIAN LAND, SC HOMES FOR SALE

 

FIND OUT WHAT YOUR INDIAN LAND, SC HOME IS WORTH IN TODAY'S MARKET

 

 

 

Previous Indian Land Housing Market Updates:

 

 

This Charlotte, North Carolina real estate monthly update for Indian Land, South Carolina 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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SEARCH ALL CHARLOTTE METRO AREA HOMES HERE

 

Nina Hollander, Broker, Realtor / REMAX / Carolinas Realty Partners / Ph: 704.779.0813 / F: 704.341.3346 / E: Nina@NinaHollander.com / W: www.GreatHomesInCharlotte.com

Nina Hollander
Broker, Realtor, CRS, GRI, ABR, SRES, CDPE, SFR, SPS, CMRS
Carolinas Realty Partners with RE/MAX Executive Realty
Direct: 704-779-0813
Website: www.GreatHomesInCharlotte.com
Blog: http://activerain.com/blogs/ninahollander
Search for Charlotte Area Homes: www.HomesInCharlotteArea.com

2007 - 2016 Charlotte Magazine 5-Star Customer Satisfaction Award Winner

 

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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.

 

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Rainmaker
3,361,683
Dorie Dillard
Coldwell Banker United Realtors® ~ 512.346.1799 - Austin, TX
Serving Buyers & Sellers in NW Austin Real Estate

Good morning Nina Hollander ,

Thank you for a great real estate market update in Indian Land SC. It's amazing to see the months on market decrease so greatly to a sellers market. The price point is so affordable to  so many especially with the rise in interest rates. 

Jan 04, 2017 04:44 AM #1
Rainmaker
2,311,299
Nina Hollander
RE/MAX Executive | Charlotte, NC - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Dorie Dillard ~ good morning, Dorie... and it really is all about perspective... Indian Land was an area where you took buyers who were trying to spend $250K or less and now they've been pretty much priced out of the market in the past year or so.

Jan 04, 2017 04:47 AM #2
Rainmaker
1,414,621
Sandy Padula and Norm Padula, JD, GRI
Realty One Group - Carlsbad, CA
Presence, Persistence & Perseverance

Nina Hollander Thanks for sharing an excellent market report for Indian Land, SC. It is encouraging to see affordable homes in SC!

Jan 04, 2017 05:02 AM #3
Rainmaker
2,710,151
Sally K. & David L. Hanson
Keller Williams 414-525-0563 - Brookfield, WI
WI Realtors - Luxury - Divorce - Short Sale

I think that there are signs of "Thinventory relief" in the first quarter...hoping you experience it as well !

Jan 04, 2017 05:12 AM #4
Rainmaker
2,311,299
Nina Hollander
RE/MAX Executive | Charlotte, NC - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Sally K. & David L. Hanson ~ hi Sally, not seeing too much relief to the thinventory in our market as yet, Sally. And while pending sales dropped all over the nation in December, they were forging ahead in Charlotte. Time will tell...

Jan 04, 2017 05:15 AM #5
Rainmaker
2,311,299
Nina Hollander
RE/MAX Executive | Charlotte, NC - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Sandy Padula and Norm Padula, JD, GRI NMLS#1483386 ~ good morning Sandy and Norm, amazing isn't it how hyperlocal real estate is? You see Indian Land as "affordable" and in the strictest sense of the word, it is. But for anyone who knows the Indian Land market for the past 15 years, it's not so affordable anymore.

Jan 04, 2017 05:17 AM #6
Rainmaker
1,707,015
Ginny Gorman
RI Real Estate Services ~ 401-529-7849~ RI Waterfront Real Estate - North Kingstown, RI
Homes for Sale in North Kingstown RI and beyond

Nina, certainly the Charlotte area is doing remarkably well and although a slowdown in this Indian Land market I am sure it will rebound.  It has shown a good growth in dollars over the last couple of years.

Jan 04, 2017 05:42 AM #7
Rainmaker
2,566,489
Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker

Good morning Nina. Indian Land is a treaure trove for the experienced agent! Go for it! Enjoy your day!

Jan 04, 2017 05:59 AM #8
Rainmaker
2,311,299
Nina Hollander
RE/MAX Executive | Charlotte, NC - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Wayne Martin ~ good morning, Wayne... with the lack of affordable listings, it's more like a buried treasure these days! 

Jan 04, 2017 06:11 AM #9
Rainmaker
2,311,299
Nina Hollander
RE/MAX Executive | Charlotte, NC - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Ginny Gorman ~ hi Ginny... not totally sure why you think there's been a slowdown in the Indian Land market... home prices and sales are up. Did I misstate something to lead you to this conclusion?

Jan 04, 2017 06:12 AM #10
Rainmaker
3,919,029
Gita Bantwal
RE/MAX Centre Realtors - Warwick, PA
REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel

You always provide good information about your housing market. Thank you for sharing 

Jan 04, 2017 06:21 AM #11
Rainmaker
2,311,299
Nina Hollander
RE/MAX Executive | Charlotte, NC - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Gita Bantwal ~ thanks, Gita, and good morning. Hope your day has gotten off to a great start.

Jan 04, 2017 06:23 AM #12
Rainmaker
1,707,015
Ginny Gorman
RI Real Estate Services ~ 401-529-7849~ RI Waterfront Real Estate - North Kingstown, RI
Homes for Sale in North Kingstown RI and beyond

Hi Nina Hollander I was looking at Dec. market  only ...the year looked good!

Jan 04, 2017 06:31 AM #13
Rainmaker
1,885,898
Brian England
Arizona Focus Realty - Gilbert, AZ
MBA, GRI, REALTOR® Real Estate in East Valley AZ

Whenever I am wondering what is going on in Indian Land, all I need to do is visit your blog!

Jan 04, 2017 07:10 AM #14
Rainmaker
2,311,299
Nina Hollander
RE/MAX Executive | Charlotte, NC - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Brian England ~ Brian, you are too funny. Somehow I'm having a hard time picturing you sitting around thinking about what's going on in Indian Land, South Carolina! 

Jan 04, 2017 08:27 AM #15
Rainmaker
4,155,284
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 the update of the Indian Land, SC real estate market.

Jan 04, 2017 04:38 PM #16
Rainmaker
4,509,173
Roy Kelley
Realty Group Referrals - Gaithersburg, MD
Roy and Dolores Kelley Photographs

Indian Land home sellers will be in very good hands when they select you as their listing agent.

Jan 04, 2017 05:28 PM #17
Rainmaker
2,311,299
Nina Hollander
RE/MAX Executive | Charlotte, NC - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Gabe Sanders Roy Kelley ~ thank you both for stopping by and taking time to comment. Have a great day today!

Jan 05, 2017 03:07 AM #18
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Rainmaker
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