November 2015 showed continued improvement in home sales in the Fort Mill/Tega Cay, South Carolina areas of the Charlotte metro region.
The average sale price of Fort Mill area homes increased by 5.3% to just over $291,000 compared with November 2014, while average days on market for property listings dropped by 8 days to 59 days, an 11.9% improvement over the same period last year. Price per square foot also increased by 1.8% to $116/square foot during November versus the same period in 2014.
In Tega Cay, average home sale prices were up 1.7% to just under $317,000 versus November 2014, while days on market were down to 64 days, a 22.9% improvement over last year. Price per square foot increased by 1.7% to $115/square foot in November 2015.
Closed sales of homes in Fort Mill were essentially flat compared with the same period last year with 2 fewer homes closing in the month of November 2015. In Tega Cay, closed sales increased by 9.9% versus November 2014. Pending sales in November 2015 were up in both Fort Mill (+3.3%) and Tega Cay (+12.8%) versus November 2014.
The average percent of original list price that sellers received for their homes was 96.7% in Fort Mill and 95.7% in Tega Cay, showing how little negotiating room there is on Fort Mill and Tega Cay homes.
The Fort Mill/Tega Cay area's months supply of homes is 3.1 months (down 16.2%) and 5.3 months (down 18.5%), respectively--indicating a true seller's market in both Fort Mill and Tega Cay, South Carolina. And with new listings increasing by just 2.3% in Fort Mill (equal to just 39 houses) and decreasing 0.2% in Tega Cay in November 2015, it seems safe to assume that housing inventory in Fort Mill/Tega Cay will remain tight and homes will continue to sell quickly and close to asking price.
Fort Mill/Tega Cay Areas Local Market Update - November 2015
SEARCH ALL FORT MILL, SC HOMES FOR SALE
SEARCH ALL TEGA CAY, SC HOMES FOR SALE
WONDERING WHAT YOUR FORT MILL OR TEGA CAY, SC HOME IS WORTH?
Previous Fort Mill/Tega Cay Housing Market Updates:
-
October 2015: http://activerain.com/blogsview/4776821/what-happened-in-fort-mill-tega-cay-sc-housing-market-in-october-2015
- September 2015: http://activerain.com/blogsview/4757677/what-happened-in-fort-mill-tega-cay-s-housing-market-in-september-2015
-
August 2015: http://activerain.com/blogsview/4738882/what-s-happening-in-the-fort-mill-tega-cay-housing-market-august-2015
- July 2015: http://activerain.com/blogsview/4718351/july-2015-charlotte-area-housing-update-fort-mill-tega-cay-areas
- June 2015: http://activerain.com/blogsview/4699760/june-2015-charlotte-housing-market-update-fort-mill-sc-area
- April 2015: http://activerain.com/blogsview/4662713/april-2015-charlotte-housing-market-update-fort-mill-sc-area
- March 2015: http://activerain.com/blogsview/4644013/march-2015-charlotte-housing-market-update-fort-mill-sc-area
- 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."
Comments (14)Subscribe to CommentsComment