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

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

 

Homes for sale in Indian Land, South Carolina

 

December 2015 homes sales had another excellent 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 2.4% to just under $281,000, while average days on market for property listings dropped by 11 days to 56 days, a 16.4% improvement over the same period last year. 

 

Price per square foot also increased by 2.7% to $116/square foot during December versus the same period in 2014 (much of this having to do with the large amount of new construction in Indian Land). The days when buyers could look in Indian Land for a "bargain" in Lancaster County versus York County are essentially gone.

 

Closed sales of homes in Indian Land were up 4.2% versus the same period last year. Meanwhile, pending sales in December 2015 were up 7.9% versus December 2014. So much for the forecasts that December could prove to be a slow month for home sales.... certainly not in Indian Land, South Carolina.The average percent of original list price that sellers received for their homes was 97.4%, showing how little negotiating room there is for Indian Land homes.

 

The Indian Land area's December months supply of homes  continues to hover around 3.3 months for two years now--indicating more of a seller's than buyer's market in Indian Land, South Carolina.  New listings  were up 11.1%, which will hopefully relieve some of the pressure of finding affordable homes for sale in Indian Land.

 

 

Indian Land Area Local Market Update - December 2015

 

 

 

 

 

 

 

 

 

 SEARCH ALL INDIAN LAND, SC HOMES FOR SALE

 

FIND OUT WHAT YOUR INDIAN LAND, SC HOME IS WORTH IN TODAY'S MARKET

 

  

Previous Indian Land, SC Housing Market Updates:

 

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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
Search For All Charlotte Area Homes: www.GreatHomesInCharlotte.com 

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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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Topic:
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Tags:
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Rainmaker
1,502,230
Beth Atalay
Cam Realty and Property Management - Clermont, FL
Cam Realty of Clermont FL

Hi Nina, I smile when I read about increasing home prices as I've heard from several different people in 2014 who predicted that prices would go down. 

Jan 05, 2016 02:13 AM #1
Rainmaker
924,370
Bob Ratliff
Robert Ratliff Realty - San Antonio, TX
"Sold with Bob"

Great market report for Indian Land SC with 3.3 months inventory and 56 average days on market isn't bad at all. Forbes will be listing North and South Carolina on their top ten soon.

Jan 05, 2016 04:06 AM #2
Rainmaker
3,136,798
Nina Hollander
Coldwell Banker Residential Brokerage - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Beth Atalay ~ hi Beth... I think the writing has been on the wall in many parts of the country that home prices would not be going down in 2015. And certainly not here in the Charlotte region!

Jan 05, 2016 04:20 AM #3
Rainmaker
3,136,798
Nina Hollander
Coldwell Banker Residential Brokerage - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Bob Ratliff, Broker Associate - REALTOR® CRS, GRI ~ 512-587-5689 ~ hey Bobby... and the thing is that Indian Land isn't even the best of performing sections of the Charlotte metro area!

Jan 05, 2016 04:20 AM #4
Rainmaker
31,883
Melanie McLaughlin
Blue Door Realty - Rio Rancho, NM
Mel Sells Homes!

Excellent post Nina. I don't prospect expireds for all these reasons. The continued badgering by agents doesn't sit well with most consumers. Makes us look bad as an industry.

Jan 05, 2016 09:22 AM #5
Rainmaker
3,248,021
Lou Ludwig
Ludwig & Associates - Boca Raton, FL
Designations Earned CRB, CRS, CIPS, GRI, SRES, TRC

Nina

Thanks for sharing the December 2015 housing market update for Indian Land, South Carolina.

Good luck and success.

Lou Ludwig

Jan 05, 2016 11:40 AM #6
Ambassador
3,983,274
Debbie Reynolds
Platinum Properties - Clarksville, TN
Your Dedicated Clarksville TN Real Estate Agent

It is good to hear that the market is strong and that prices are up making sellers happy. 

Jan 05, 2016 10:21 PM #7
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Rainmaker
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Nina Hollander

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