March 2015 showed a major 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 area homes increased by 7% to just under $284,000 versus March 2014, while average days on market for property listings dropped to 61 days, a significant 29.1% improvement over the same period last year. Price per square foot also increased by 5.7% to $111/square foot during March versus the same period in 2014.
Closed sales of homes in Fort Mill/Tega Cay were up 10.6% versus the same period last year with 1,323 homes closing in the month of March 2015. Pending sales in March 2015 were also up significantly--13.3% versus March 2014.
The average percent of original list price that sellers received for their homes was slightly higher compared with last year and at a 96.9% figure (about a .2% 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 3.0 months--indicating a true seller's market in Fort Mill and Tega Cay, South Carolina.
Fort Mill Area Local Market Update - March 2015
SEARCH ALL FORT MILL/TEGA CAY, SC HOMES FOR SALE
WONDERING WHAT YOUR FORT MILL OR TEGA CAY, SC HOME IS WORTH?
Previous Fort Mill Housing Market Updates:
- February 2015: http://activerain.com/blogsview/4620662/february-2015-charlotte-housing-market-update-fort-mill-sc-area
- January 2015: http://activerain.com/blogsview/4599378/january-2015-charlotte-housing-market-update---fort-mill--sc-area
- December 2014: http://activerain.com/blogsview/4581464/december-2014-charlotte-housing-market-update---fort-mill--sc-area
- November 2014: http://activerain.com/blogsview/4557439/november-2014-charlotte-housing-market-update---fort-mill--sc-area
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."
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