What Happened In The Fort Mill/Tega Cay Housing Markets In July 2017?

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

 

 

Homes for sale in Fort Mill, SCJuly 2017 home sales in the Fort Mill/Tega Cay, South Carolina areas of the Charlotte, NC metro region had a solid performance in the first month of the third quarter as compared with the same period one year ago, continuing the trends we saw all year in 2016 and through the first half of 2017 with sales prices increasing, closed and pending sales up and inventory continuing to decrease.

 

The average sale price of Fort Mill area homes increased by 7.3% to just over $319,000 compared with July 2016, while average days on market for property listings dropped by 3 days to 50 days, a 5.7% improvement over the same period last year. Price per square foot also increased by 6.8% to $125/square foot during July 2017 versus the same period in 2016.

 

 

Homes for sale in Tega Cay, SCIn Tega Cay, average home sale prices were up 2.8% to just under $339,000 versus July 2016, while days on market decreased by 8 days to 65 days. Price per square foot in Tega Cay increased by 3.3% to $127/square foot in July 2017.

 

 

 

Closed sales of homes in Fort Mill during July 2017 improved by double digits by 13.7% compared with the same period last year. In Tega Cay, closed sales  increased  9.0% versus July 2016. Pending sales in July 2017 were up as well -- by 10.4% in Fort Mill and up by 3.2% in Tega Cay versus July 2016.

 

The average percent of original list price that sellers received for their homes was 97.1% in Fort Mill and 95.9% 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 2.6 months (down 18.8%) and 4.2 months (down 17.6%), respectively--indicating a seller's market in the Fort Mill/Tega Cay areas of South Carolina.  New listings increased 4.4% in Fort Mill and by 0.5% in Tega Cay in July 2017. 

 

As we enter the second month of the third quarter of 2017, it seems safe to assume that housing inventory in Fort Mill and Tega Cay will remain relatively tight and that homes will continue to sell quickly and close to asking price for the forseeable future.

 

 

Fort Mill/Tega Cay, SC Areas Local Market Update - July 2017

 

 

 

 


 

 

 

 

 

SEARCH ALL FORT MILL, SC AREA HOMES HERE

SEARCH ALL TEGA CAY, SC AREA HOMES HERE

 

WONDERING WHAT YOUR FORT MILL AREA HOME IS WORTH?

WONDERING WHAT YOUR TEGA CAY AREA HOME IS WORTH?

 

  

 

Previous Fort Mill/Tega Cay, SC Housing Market Updates:

Fort Mill/Tega Cay Housing Market Update: June 2017

Fort Mill/Tega Cay Housing Market Update: May 2017

Fort Mill/Tega Cay Housing Market Update: April 2017

Fort Mill/Tega Cay Housing Market Update: March 2017 

Fort Mill/Tega Cay Housing Market Update: February 2017 

Fort Mill/Tega Cay, SC Housing Market Update: January 2017 

Fort Mill/Tega Cay, SC Housing Market Update: December 2016

Fort Mill/Tega Cay, SC Housing Market Update: November 2016

Fort Mill/Tega Cay, SC Housing Market Update: October 2016

Fort Mill/Tega Cay, SC Housing Market Update: September 2016 

 Fort Mill/Tega Cay, SC Housing Market Update: August 2016

Fort Mill/Tega Cay, SC Housing Market Update: July 2016

 

 

  

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."

 

 Originally posted at:  https://www.greathomesincharlotte.com/fort-mill-and-tega-cay-sc-housing-market-update-july-2017 

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:
Charlotte NC Real Estate
Market Reports
Buyer Information - What Buyers Need to Know in Today's Market
2017 Market Trend Reports
City and State Community & Marketing Reports
Tags:
fort mill sc
tega cay sc real estate
fort mill sc real estate
tega cay sc
fort mill sc homes for sale
tega cay sc homes for sale
fort mill tega cay sc housing market update
fort mill tega cay sc housing market update july 2017

Post a Comment
Spam prevention
Spam prevention
Show All Comments
Rainmaker
3,787,687
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

Good morning Nina.  Thanks for keeping us informed about the Fort Mill/Tega Cay real estate market.

Aug 06, 2017 04:59 AM #1
Rainmaker
1,975,309
Nina Hollander
RE/MAX Executive | Charlotte, NC - Charlotte, NC
Your Charlotte/Waxhaw/Fort Mill Area Realtor

Good morning, Gabe. I remember the days when people would come to Charlotte and couldn't afford south Charlotte so we took them to Fort Mill... now they can't afford Fort Mill either!

Aug 06, 2017 05:02 AM #2
Rainmaker
2,263,297
Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker

Good morning Nina. Your market is hot! May it stay that way, requiring serious buyers to contact you to find the right home! Enjoy your day!

Aug 06, 2017 05:18 AM #3
Rainmaker
1,975,309
Nina Hollander
RE/MAX Executive | Charlotte, NC - Charlotte, NC
Your Charlotte/Waxhaw/Fort Mill Area Realtor

Wayne Martin ~ good morning, Wayne... somehow against all odds I'm finding homes for my buyers in our thinventory situation, but it isn't easy!

Aug 06, 2017 05:42 AM #4
Rainmaker
1,508,696
Patricia Feager
DFW FINE PROPERTIES - Southlake, TX
Selling Homes Changing Lives

Nina Hollander - In markets like we have today, only the strong survives. You are a a survivor! You are quick thinking, very experienced, and your knowledge is valuable. Not all agents succeed as well as you do. If I had clients moving to NC, I'd refer them to you. 

Aug 06, 2017 05:47 AM #5
Rainmaker
1,975,309
Nina Hollander
RE/MAX Executive | Charlotte, NC - Charlotte, NC
Your Charlotte/Waxhaw/Fort Mill Area Realtor

Patricia Feager ~ hi Patricia... at the end of the day that's what we have to sell -- our knowledge and expertise, not our lock box key. Any idiot can get a lock box key at some point!

Aug 06, 2017 05:50 AM #6
Rainmaker
3,606,767
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 

Aug 06, 2017 05:51 AM #7
Rainmaker
1,975,309
Nina Hollander
RE/MAX Executive | Charlotte, NC - Charlotte, NC
Your Charlotte/Waxhaw/Fort Mill Area Realtor

Gita Bantwal ~ thanks, Gita. Hope you are enjoying a nice weekend and that it's not too hot at your end of the world (like it is here).

Aug 06, 2017 05:53 AM #8
Rainmaker
1,631,095
Brian England
Arizona Focus Realty - Gilbert, AZ
MBA, GRI, REALTOR® Real Estate in East Valley AZ

Fort Mill and Tega Cay sound like nice areas too and I am sure that people in the area really appreciate the updates!

Aug 06, 2017 06:50 AM #9
Rainmaker
2,491,485
Sally K. & David L. Hanson
Keller Williams 414-525-0563 - Brookfield, WI
WI Realtors - Luxury - Divorce - Short Sale

Inventory slowing and prices growing !

Aug 06, 2017 07:25 AM #10
Rainmaker
2,261,574
Will Hamm
Hamm Homes - Aurora, CO
"Where There's a Will, There's a Way!"

As always Nina, you come up with great information for buyers and sellers.  Make it a great day!

 

Aug 06, 2017 08:28 AM #11
Rainmaker
4,120,035
Roy Kelley
Realty Group Referrals - Gaithersburg, MD
Roy and Dolores Kelley Photographs

This is excellent information to share with families moving to the area.

Aug 06, 2017 08:46 AM #12
Rainmaker
3,092,016
Joan Cox
Metro Brokers - House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Nina, great market update for Fort Mill and Tega Cay, and you do have very easy to read reports for the public! 

Aug 06, 2017 09:10 AM #13
Ambassador
2,418,980
Paul S. Henderson, CRS, REALTOR®,
RE/MAX Professionals. - Tacoma, WA
Tacoma Washington Agent/Broker & Market Authority!

You are really rolling through your housing markets and I love to read your updates Nina Hollander 

Aug 06, 2017 10:17 AM #14
Rainmaker
1,975,309
Nina Hollander
RE/MAX Executive | Charlotte, NC - Charlotte, NC
Your Charlotte/Waxhaw/Fort Mill Area Realtor

Paul S. Henderson, CRS, REALTOR®, ~ hi Paul... and thanks. I think I'm essentially done for this month except for the overall market update in a few days.

Aug 06, 2017 10:57 AM #15
Rainmaker
1,975,309
Nina Hollander
RE/MAX Executive | Charlotte, NC - Charlotte, NC
Your Charlotte/Waxhaw/Fort Mill Area Realtor

Joan Cox  ~ hi Joan... it took a while for me to decide how to do these to make them easy to digest, but once the system was down, it's just a question of updating numbers each month.

Aug 06, 2017 10:58 AM #16
Rainmaker
1,975,309
Nina Hollander
RE/MAX Executive | Charlotte, NC - Charlotte, NC
Your Charlotte/Waxhaw/Fort Mill Area Realtor

Will Hamm ~ hi Will... thanks. Hope you have a good time in Las Vegas... (first year in several I haven't been there a single time).

Aug 06, 2017 10:58 AM #17
Rainmaker
1,975,309
Nina Hollander
RE/MAX Executive | Charlotte, NC - Charlotte, NC
Your Charlotte/Waxhaw/Fort Mill Area Realtor

Sally K. & David L. Hanson ~ hi Sally and David... I think too many people don't realize how lack of inventory impacts the price of what they buy.

Aug 06, 2017 10:59 AM #18
Rainmaker
1,975,309
Nina Hollander
RE/MAX Executive | Charlotte, NC - Charlotte, NC
Your Charlotte/Waxhaw/Fort Mill Area Realtor

Brian England ~ hi Brian... both Fort Mill and Tega Cay are popular for their excellent schools, lower taxes and proximity to Uptown Charlotte. Tega Cay sits on Lake Wylie... so lots of homes with gorgeous water views and lake access.

Aug 06, 2017 11:00 AM #19
Rainmaker
1,975,309
Nina Hollander
RE/MAX Executive | Charlotte, NC - Charlotte, NC
Your Charlotte/Waxhaw/Fort Mill Area Realtor

Roy Kelley ~ hi Roy... thanks. We still have a lot of people moving to our area who don't realize how tight our market is compared with where they are coming from.

Aug 06, 2017 11:01 AM #20
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
1,975,309

Nina Hollander

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

Additional Information