Fort Mill/Tega Cay, SC Housing Market Updates/Videos: March 2018

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

 

 

Homes for sale in Fort Mill, SCMarch 2018 home sales in the Fort Mill/Tega Cay, South Carolina areas of the Charlotte, NC metro region continued the trends we've seen in the first two months of the year and since 2016 with downward pressure on closed and pending sales, as inventory continued to decrease, while demand for homes exceeds supply.

 

 

 

The average sale price of Fort Mill area homes increased by 3.0% to just over $325,000 compared with March 2017, while average days on market for property listings were 51 days. Price per square foot also increased by 4.1% to $128/square foot in March 2018 versus the same period in 2017.

 

Homes for sale in Tega Cay, SC

In Tega Cay, average home sale prices increased by 1.3% just under $343,000 versus March 2017, while days on market decreased by 10 days to 64 days, a 13.5% improvement. Price per square foot in Tega Cay increased by 7.2% to $134/square foot in March 2018.

 

Closed sales of homes in Fort Mill during March 2018 decreased by 7.7% compared with the same period last year. In Tega Cay, closed sales decreased by 7.4% versus March 2017. Pending sales in March 2018 were also down ~ 8.7% in Fort Mill and 9.2% in Tega Cay versus March 2017. To some degree this can be attributed to the decrease in the months supply of homes for sale the lack of new listings coming on the market, especially in Tega Cay.

 

The median percent of original list price that sellers received for their homes was 97.9% in Fort Mill and 97.0% in Tega Cay, showing relatively little negotiating room for 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 (flat versus last year) and 3.8 months (down 15.6%), respectively--indicating a seller's market in the Fort Mill/Tega Cay areas of South Carolina. New listings marginally increased by 1.1% in Fort Mill and decreased by 3.7% in Tega Cay in March 2018. 

 

As we enter the height of the spring selling season, it seems safe to assume that housing inventory in Fort Mill and Tega Cay will remain relatively tight and that housing will remain a seller's market with home prices continuing a steady increase.

 

  

 

SEARCH ALL FORT MILL, SC AREA HOMES HERE

WONDERING WHAT YOUR FORT MILL AREA HOME IS WORTH?



 

free home listing alerts from greathomesincharlotte.com 

 

SEARCH ALL TEGA CAY, SC AREA HOMES HERE

WONDERING WHAT YOUR TEGA CAY AREA HOME IS WORTH?

 

 

instant home value report from greathomesincharlotte.com 

 

 

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

Fort Mill/Tega Cay Housing Market Update: February 2018

Fort Mill/Tega Cay Housing Market Update: January 2018

Fort Mill/Tega Cay Housing Market Update: December 2017

Fort Mill/Tega Cay Housing Market Update: November 2017

Fort Mill/Tega Cay Housing Market Update: October 2017

Fort Mill/Tega Cay Housing Market Update: Sepetember 2017

Fort Mill/Tega Cay Housing Market Update: August 2017

Fort Mill/Tega Cay Housing Market Update: July 2017

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 

 

 

    

This Charlotte, North Carolina real estate monthly update for Fort Mill and Tega Cay, SC is brought to you courtesy of Nina Hollander and Carolinas Realty Partners, RE/MAX Executive, your Charlotte metro area residential real estate experts and Fort Mill/Tega Cay specialists.

 

If you are considering selling or purchasing a home in the Charlotte metro area, I'd 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

 

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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
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Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding, Marketing & Strategy

Nina,

As usual, you had done a great job explaing the state of the market in Fort Mill/Tega Cay in South Carolina.  A

Apr 13, 2018 11:07 AM #1
Rainmaker
2,310,376
Nina Hollander
RE/MAX Executive | Charlotte, NC - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Ron and Alexandra Seigel ~ thanks, Alexandra. I try to make it understandable for those who are not numbers geeks, like myself.

Apr 13, 2018 11:37 AM #2
Rainmaker
1,385,498
Yolanda Cordova-Gilbert
Sitterle Homes - Richmond, TX
Sitterle Homes

Nina,

 WOnderful market report on the Fort Mill/Tega Cay in your area! I hope you have a wonderful weekend!

Apr 13, 2018 02:39 PM #4
Rainmaker
2,310,376
Nina Hollander
RE/MAX Executive | Charlotte, NC - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Yolanda Cordova-Gilbert ~ thanks, Yolanda... wishing you a terrific weekend, as well. It's finally warmed up at my end.

Apr 13, 2018 02:47 PM #5
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Paul S. Henderson, REALTOR®,CRS,
RE/MAX Professionals. - Tacoma, WA
Tacoma Washington Agent/Broker & Market Authority!

Nina Hollander, You put so many value added features into your blog post and market reports; it is really a pleasure to read!

Apr 13, 2018 04:59 PM #6
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Debbie Reynolds
Platinum Properties - Clarksville, TN
Your Dedicated Clarksville TN Real Estate Agent

A steady increase in prices shows a stable market. Have a wonderful weekend, Nina.

Apr 13, 2018 08:46 PM #7
Rainmaker
2,310,376
Nina Hollander
RE/MAX Executive | Charlotte, NC - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Paul S. Henderson, REALTOR®,CRS, ~ hi Paul... thank you. I admit to being a "numbers geek" so sometimes worry that because most people are not that I'm overwhelming them.

Apr 14, 2018 03:59 AM #8
Rainmaker
2,310,376
Nina Hollander
RE/MAX Executive | Charlotte, NC - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Debbie Reynolds ~ good morning, Debbie... that steady price increase is evidence of lack of inventory in this market which is pushing sales down... and that worries me for the long run as so many people are being priced out of the market.

Apr 14, 2018 04:01 AM #9
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Debb Janes EcoBroker and Bernie Stea JD
ViewHomes of Clark County - Nature As Neighbors - Camas, WA
REALTORS® in Clark County, WA

Hope some potential sellers give you a call and get listed. It appears as if inventory is greatly needed - once again. 

Apr 15, 2018 07:38 AM #10
Rainmaker
2,310,376
Nina Hollander
RE/MAX Executive | Charlotte, NC - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Debb Janes EcoBroker and Bernie Stea JD ~ hi Debb... here in the Charlotte area it's not so much that inventory is needed "once again," but more like it's needed "still." We have been suffering from thinventory for several years now and it's not getting better.

Apr 15, 2018 07:41 AM #11
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Rainmaker
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