As summer comes to a close and the fall begins, it is exciting to reflect on how great the real estate market in Fort Mill has been over the past 12 months. Signs of improvement are abundant and both buyer and seller reluctance is not as evident as in recent years. According to the Carolina Multiple Listing Service, there has been a 35% increase in closed single family homes within Fort Mill year over year and days on market has decreased by 18 which is a significant change for the market.
Another exciting sign of improvement and growth for Fort Mill is the increase in new home sales. Closings are up almost 50% year over year and the pace is continuing. While we watch communities such as the beloved Baxter Village and Reserve at Gold Hill sell their remaining few lots, new communities have been started as well as planned throughout the area. In speaking with Chris Beard, new home sales rep at True Homes, he was excited to share that new home permits are up throughout the area and that they have had to hire more contractors and vendors to keep up with the demand. Many builders see Fort Mill as a prime choice for building homes and the buyers have responded very positively at what has been introduced. Several new product lines are available such as patio homes, executive homes with large wooded lots, cottage style architecture as well as custom products.
As a home seller or buyer, the opportunities are endless throughout Fort Mill. Don’t let the gloom and doom of the national media bring you down as the signs are everywhere that this is the best place to live, work and play.