What Happened In Indian Land, SC's Housing Market In September 2015?

By
Real Estate Agent with Coldwell Banker Residential Brokerage
https://activerain.com/droplet/4JQg

Homes for sale in Indian Land, SCSeptember 2015 homes sales had a stellar performance in the Indian Land, South Carolina area of the Charlotte metro region.

 

The average sale price of Indian Land area (29707 zip code area) homes increased 1.5% to just over $272,000, while days on market for property listings dropped to 53 days, a 25.4% improvement over the same period last year.

 

Price per square foot also increased by 2.7% to $115/square foot during September versus the same period in 2014 (much of this having to do with the large amount of new construction in Indian Land). Gone are the days when buyers could look in Indian Land for a "bargain" in Lancaster County versus York County.

 

Closed sales of homes in Indian Land were up 22.7% versus the same period last year. Meanwhile, pending sales in September 2015 were also up in double digits to 25.7% versus September 2014. The sizzling hot summer of homes sales in 2015 has continued into the first month of the fall selling season!

 

The average percent of original list price that sellers received for their homes was up  compared with last year, and at 96.7% it shows how little negotiating room there is on Indian Land homes.

 

The Indian Land area's September months supply of homes continues to hover around at just over 3 months for two years now--indicating more of a seller's than buyer's market in Indian Land, South Carolina. And while new listings were up 17.7%,  it would appear we can expect continued low inventory levels of homes for sale, pressure on prices, and minimal negotiating room for Indian Land homes.

 

 

Indian Land Area Local Market Update - September 2015

 






 

 

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 Nina Hollander, RE/MAX Broker, Realtor

 

 

 

 

 

 

Nina Hollander

Broker, Realtor, MBA, GRI, ABR, SRES, CDPE, SFR, SPS, CMRS
Carolinas Realty Partners with Coldwell Banker Residential Brokerage
Direct: 704-779-0813
Website: www.GreatHomesInCharlotte.com
Blog: News You Can Use From Charlotte/Ballantyne/Waxhaw/Fort Mill
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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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Rainer
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Jan Sohlman
RE/MAX Integrity - Eugene, OR
RE/MAX Integrity

That is nice that the Indian land is now a sellers market.  How are you handling the flooding in your areas? Or is that further south?

Oct 05, 2015 04:31 AM #1
Rainmaker
3,135,121
Nina Hollander
Coldwell Banker Residential Brokerage - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Jan Sohlman ~ hi Jan... nothing here in the south Charlotte area in terms of flooding even though we got around 15 inches of rain overnight from Friday to Saturday. The real disaster is further south of us in South Carolina, which is suffering terrible. Hard to believe so much disaster just 90 minutes down the road.

Oct 05, 2015 04:33 AM #2
Rainmaker
1,320,916
Nick T Pappas
Assoc. Broker/Broker ABR, CRS, SFR, e-Pro, @Homes Realty Group, @HomesBirmingham & Providence Property Mgmnt, LLC Hun... - Huntsville, AL
Madison & Huntsville Alabama Real Estate Resource

Nina, I know this is news your sellers want to hear. Just talked to a friend in Pinehurst...he pretty much had the same thing to say as you.

Oct 06, 2015 08:56 AM #3
Ambassador
2,190,241
Debbie Laity
Cedaredge Land Company - Cedaredge, CO
Your Real Estate Resource for Delta County, CO

Those are some great numbers you've posted, Nina. Both buyers and sellers will appreciate the information you've put together for this real estate market report on the Indian Land SC area. 

Oct 06, 2015 09:30 AM #4
Rainmaker
3,135,121
Nina Hollander
Coldwell Banker Residential Brokerage - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Debbie Laity ~ thanks, Debbie. Indian Land is one of the fastest growing Charlotte suburbs right now and prices keep increasing, as a result.

Oct 06, 2015 01:31 PM #5
Rainmaker
3,135,121
Nina Hollander
Coldwell Banker Residential Brokerage - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Nick T Pappas ~ hi Nick, there are spots in NC that are slow, but areas like Charlotte metro, Pinehurst, etc. are doing really well.

Oct 06, 2015 01:34 PM #6
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Rainmaker
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