What Happened In The Fort Mill/Tega Cay, SC Housing Markets: Dec 2016

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

Homes for sale in Fort Mill, South CarolinaDecember 2016 home sales in the Fort Mill/Tega Cay, South Carolina areas of the Charlotte, NC metro region had a solid performance in the last month of the fourth quarter, continuing the trends we've seen all year with sales prices increasing, closed and pending sales up.

 

The average sale price of Fort Mill area homes increased by 3.8% to just under $291,000 compared with December 2015, while average days on market for property listings dropped by 12 days to 47 days, a 20.3% improvement over the same period last year. Price per square foot also increased by 5.5% to $115/square foot during December 2016 versus the same period in 2015.

Homes for sale in Tega Cay, SC

 

In Tega Cay, average home sale prices were up 7.6% to just under $328,000 versus December 2015, while days on market increased by 2 days to 60 days.  Price per square foot in Tega Cay increased by 6.8% to $126/square foot in December 2016.

 

 

Closed sales of homes in Fort Mill during December 2016 improved by double digits at 12.7% compared with the same period last year. In Tega Cay, closed sales also increased by double digits at 18.5% versus December 2015. Pending sales in December 2016 were up double digits, as well, by 11.5% in Fort Mill and up by 28.7% in Tega Cay versus December 2015.

 

The average percent of original list price that sellers received for their homes was 97.1% in Fort Mill and 97.0% in Tega Cay, showing relatively little negotiating room on both Fort Mill and Tega Cay homes.

 

The Fort Mill/Tega Cay area's months supply of homes as compared with one year ago is 2.8 months (down 12.5%) and 3.6 months (down 7.7%), respectively--indicating a seller's market in the Fort Mill/Tega Cay areas of South Carolina. Unlike in many other parts of the Charlotte metro area new listings increased 9.2% in Fort Mill and 16.7% in Tega Cay in December 2016.

 

Based on sales in 2016, as we enter the first month of 2017, it seems safe to assume that housing inventory in Fort Mill/Tega Cay will remain relatively tight and homes will continue to sell quickly and close to asking price for the forseeable future.

 

 

Fort Mill/Tega Cay Areas Local Market Update - December 2016

 

 

 

 

 

 

 

 

  

 

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/Tega Cay Housing Market Updates

 

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."

 

 

Posted by

 

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

 

 Connect with me also on these sites:  

 

facebook google plustwitterlinkedinpinterest

  

                                                                                                                                          

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

 

Search Charlotte Real Estate

 

 

 

 

 

How Much Is Your Home Worth

 

 

 

 

 

 

 

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.

 

close

This entry hasn't been re-blogged:

Re-Blogged By Re-Blogged At
Topic:
Real Estate Market Trends
Location:
South Carolina York County Fort Mill
Groups:
City and State
Charlotte NC Real Estate
Market Reports
2017 Market Trend Reports
Tags:
fort mill sc
fort mill real estate
tega cay real estate
tega cay sc
fort mill homes for sale
tega cay homes for sale
fort mill housing market report
tega cay housing market report
fort mill tega cay housing market report december 2016

Post a Comment
Spam prevention
Spam prevention
Show All Comments
Rainmaker
3,817,332
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. Thanks for sharing.

Jan 05, 2017 04:54 AM #1
Rainmaker
2,211,330
Nina Hollander
RE/MAX Executive | Charlotte, NC - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Gita Bantwal ~ good morning, Gita... and thanks for stopping by. I appreciate hearing from you.

Jan 05, 2017 05:31 AM #2
Rainmaker
2,472,565
Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker

Good morning Nina. The only thing that can stop your road to success this year in thinventory! Enjoy your day!

Jan 05, 2017 06:37 AM #3
Rainmaker
1,808,563
Brian England
Arizona Focus Realty - Gilbert, AZ
MBA, GRI, REALTOR® Real Estate in East Valley AZ

Hey, how did you know that I was sitting around and wondering what happened in the Fort Mill and Tega Cay markets!

Jan 05, 2017 06:38 AM #4
Ambassador
1,058,345
Jerry Newman
Brown Realty, 210-789-4216,www.JeremiahNewman.com - San Antonio, TX
Texas REALTOR, San Antonio Military Relocation

WOW! What am amazing presentation of your markets. I know you sent loads of time putting it together. Best Wishes for getting more listings in your area.

Jan 05, 2017 06:48 AM #5
Rainmaker
2,449,933
Will Hamm
Hamm Homes - Aurora, CO
"Where There's a Will, There's a Way!"

As always Nina Hollander, you always have great market reports for buyers and sellers in your area.  Cold in Denver today and snow.

 

 

Jan 05, 2017 06:59 AM #6
Rainmaker
4,394,404
Roy Kelley
Realty Group Referrals - Gaithersburg, MD
Roy and Dolores Kelley Photographs

Families on the move will certainly appreciate your local real estate market reports.

Jan 05, 2017 07:12 AM #7
Rainmaker
2,211,330
Nina Hollander
RE/MAX Executive | Charlotte, NC - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Wayne Martin ~ good morning, Wayne... oh yes, that dreaded word for Realtors--thinventory! I'm hoping interest rate increases will start pushing sellers and buyers into the market.

Jan 05, 2017 08:31 AM #8
Rainmaker
2,211,330
Nina Hollander
RE/MAX Executive | Charlotte, NC - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Roy Kelley ~ thanks, Roy. Trust you are having a good day.

Will Hamm ~ hi Will... thanks. Cool here too and we are waiting to see if it snows here on Friday night into Saturday... that'll stop things cold here (no pun intended!)

Jan 05, 2017 08:33 AM #9
Rainmaker
2,211,330
Nina Hollander
RE/MAX Executive | Charlotte, NC - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Jerry Newman ~ good morning, Jerry. Thanks. I'll admit I come from the school of thought that says if you're going to do something, do it right!

Jan 05, 2017 08:33 AM #10
Rainmaker
2,211,330
Nina Hollander
RE/MAX Executive | Charlotte, NC - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Brian England ~ hi Brian... I just had that feeling this morning and just knew I had to make your day! 

Jan 05, 2017 08:34 AM #11
Ambassador
2,343,350
Debe Maxwell, CRS
www.AtHomesCharlotte.com | The Maxwell House Group | RE/MAX Executive | (704) 491-3310 - Charlotte, NC
Charlotte Homes for Sale - Charlotte Neighborhoods

Hi Nina!  My admin lives there and is absolutely crazy about the area and, like you, I'm sure, we're seeing a LOT more movement that way.  The market is definitely hot there!  Great report!

Jan 05, 2017 04:26 PM #12
Rainmaker
4,044,078
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 information and update for the Fort Mill/Tega Cay, SC housing markets.

Jan 05, 2017 04:29 PM #13
Rainmaker
1,927,091
Elizabeth Weintraub Sacramento Real Estate Agent, Top 1% of Lyon Agents
Lyon Real Estate - Sacramento, CA
Put 40 years of experience to work for you

How many markets do you cover in Charlotte, Nina? Seems like you work in such a wide area as your market reports are always so comprehensive and informative. I've never even heard of Fort Mill or Tega Cay before today, but what a hot real estate market!!!

Jan 05, 2017 06:48 PM #14
Rainmaker
2,211,330
Nina Hollander
RE/MAX Executive | Charlotte, NC - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Elizabeth Weintraub Sacramento Real Estate Agent, Top 1% of Lyon Agents ~ hi Elizabeth, I work about a 50 mile radius around Charlotte, which includes two states, half a dozen counties, and multiple "towns" in the counties. Most of my sales are in Ballantyne, Union County, South Charlotte, and Indian Land/Fort Mill/Tega Cay, which are in South Carolina. 

Jan 06, 2017 03:17 AM #15
Rainmaker
2,211,330
Nina Hollander
RE/MAX Executive | Charlotte, NC - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Gabe Sanders ~ hi Gabe... thanks for stopping by, as always, and taking time to comment. Have a super day... we are awaiting a snow storm tonight.

Jan 06, 2017 03:18 AM #16
Rainmaker
2,211,330
Nina Hollander
RE/MAX Executive | Charlotte, NC - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Debe Maxwell ~ hi Debe... I'd say easily 35% of my sales are in Lancaster and York Counties for years now and some years they've hit as high as 45%. People used to go there because prices were a bit lower but no more.

Jan 06, 2017 03:19 AM #17
Post a Comment
Spam prevention
Show All Comments

What's the reason you're reporting this blog entry?

Are you sure you want to report this blog entry as spam?

Rainmaker
2,211,330

Nina Hollander

Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor
What real estate questions can I answer for you today?
*
*
*
*
Spam prevention

Additional Information