November 2014 showed a solid improvement in home sales in the Fort Mill, South Carolina area (which also includes Tega Cay) of the Charlotte metro region. The average sale price of Fort Mill/Tega Cay area homes increased by 5.7% to just over $275,000, while days on market for property listings dropped to 66 days, a significant 29% improvement over the same period last year. Price per square foot also increased by 5.8% to $110/square foot during November versus the same period in 2013.
Closed sales of homes in Fort Mill/Tega Cay were up 11% versus the same period last year with 1,324 homes closing in the month of November 2014.
The average percent of original list price that sellers received for their homes was essentially flat compared with last year, but at a 96.7% figure (about a .5% improvement), it shows how little negotiating room there is on Fort Mill/Tega Cay homes.
The Fort Mill/Tega Cay area's months supply of homes is 3.6 months--indicating an increasingly seller's market in Fort Mill and Tega Cay, South Carolina.
Fort Mill Area Local Market Update - November 2014
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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.
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