What Happened In The Indian Land, SC Housing Market In February 2016?

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

Search for homes in Indian Land, South Carolina

 

February 2016 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 2.7% to just over $280,000, while average days on market for property listings dropped by 11 days to 55 days, a 16.7% improvement over the same period last year. Meantime, median days on market dropped by 37.5% to 30 days in February 2016 as compared with February 2015.

 

Price per square foot also increased by 3.5% to $117/square foot during February versus the same period in 2015.  Buyers should no longer look in Indian Land for a "bargain" as the days when homes in  Lancaster County versus York County are much less expensive are essentially gone.

 

Closed sales of homes in Indian Land were up 5.6% versus the same period last year. Meanwhile, pending sales in February 2016 were up 10.4% versus February 2015. Clearly, no slowdown of homes sales in the first two months of 2016 The average percent of original list price that sellers received for their homes was 96.7%, showing how little negotiating room there is for Indian Land homes.

 

The Indian Land area's February months supply of homes  continues to hover around 3.3 months for a third year now--indicating more of a seller's than buyer's market in Indian Land, South Carolina.  New listings  were up 8.4%, which will hopefully relieve some of the pressure of inventory shortage in Indian Land.

 

Indian Land Area Local Market Update - February 2016

 

 

 

 

 

 

 

 

 

 SEARCH ALL INDIAN LAND, SC HOMES FOR SALE

 

WONDERING WHAT YOUR INDIAN LAND, SC AREA HOME IS WORTH?

 

  

Previous Indian Land, SC Housing Market Updates:

 

Posted by

 

SEARCH ALL CHARLOTTE METRO AREA HOMES HERE

 

 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 

2007 - 2019 Charlotte Magazine 5-Star Customer Satisfaction Award Winner

 

 Connect with me also on these sites:  

 

facebook google plustwitterlinkedinpinterest

  

                                                                                                                                          

Oh by the way, I'm never too busy for any of your referrals!

 

Find Your Charlotte Home

 

How Much Is My Home Worth       Free Charlotte Relocation Package

 

 

 

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.

 

close

This entry hasn't been re-blogged:

Re-Blogged By Re-Blogged At
Topic:
Real Estate Market Trends
Location:
South Carolina Lancaster County Indian Land
Groups:
Charlotte NC Real Estate
Charlotte North Carolina Area
Buyer Information - What Buyers Need to Know in Today's Market
Tags:
charlotte area homes for sale
indian land sc
indian land homes for sale
charlotte area housing market report
indian land housing market report
indian land real estate
indian land sc housing market report february 2016

Post a Comment
Spam prevention
Spam prevention
Show All Comments
Rainmaker
2,050,826
Robert Bob Gilbert
Berkshire Hathaway HomeServices Anderson Properties - Katy, TX
Your Katy TX ( West of Houston) Real Estate Expert

Nina, excellent market report for The Indian Land SC. This is a sellers market and I would guess it will stay this way for this whole year. 

Thanks for your very nice comment about Miss Duchess. She is such a special girl who is real character.. 

Mar 10, 2016 05:16 AM #1
Rainmaker
3,135,143
Nina Hollander
Coldwell Banker Residential Brokerage - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Robert (Bob) Gilbert ~ hi Bob, thank you. As for your little Miss Duchess, I was still thinkin about her today.

Mar 10, 2016 06:08 AM #2
Rainer
1,756,848
Conrad Allen
Re/Max Professional Associates - Webster, MA
Webster, Ma, Realtor

Hi Nina.  Is Indian land Indian land or just a name?  I missed the reference to Miss Duchess in your blog.

Mar 10, 2016 06:34 AM #3
Rainmaker
3,135,143
Nina Hollander
Coldwell Banker Residential Brokerage - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Conrad, Indian Land is a name of a section of modern day Lancaster County, SC named after the Catawba Indian Tribe, who for hundreds of years claimed all of this entire County as their tribal landsNo more Indians there today, though, as they sold these lands a gazillions years ago.

Bob Gilbert posted about his dog's birthday yesterday and I had commented on that post about how in love I was with his Miss Dutchess.

Conrad Allen 

Mar 10, 2016 06:41 AM #4
Rainmaker
3,983,365
William Feela
WHISPERING PINES REALTY - North Branch, MN
Realtor, Whispering Pines Realty 651-674-5999 No.

A nice moderate increase and that make sit easier to sustain in the long run

Mar 10, 2016 09:53 AM #5
Ambassador
3,823,247
George Souto
George Souto NMLS #65149 FHA, CHFA, VA Mortgages - Middletown, CT
Your Connecticut Mortgage Expert

Nina sellers in your are should be taking advantage of the excellent Sellers Market you guys are in.

Mar 10, 2016 10:09 AM #6
Rainmaker
596,598
Nancy Laswick
United Real Estate - Phoenix, AZ
Your REALTOR® For The Valley Of The Sun

Love to see closed sales and price per square foot go up in the same month! Excellent market report Nina Hollander.

Mar 10, 2016 01:14 PM #7
Rainmaker
3,209,384
Endre Barath, Jr.
Berkshire Hathaway HomeServices - Beverly Hills, CA
Realtor - Los Angeles Home Sales 310.486.1002

Nina change the name to West Los Angeles and it is the identical statistics, prices increasing, days on market decreasing and the list goes on and on... great overview of your market, Endre

Mar 10, 2016 02:28 PM #8
Rainmaker
3,135,143
Nina Hollander
Coldwell Banker Residential Brokerage - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Endre Barath, Jr. ~ good morning, Endre and thanks. It's really amazing to me how many areas of the country are mirroring each other in terms of housing statistics right now.

Mar 10, 2016 08:35 PM #9
Rainmaker
3,135,143
Nina Hollander
Coldwell Banker Residential Brokerage - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Nancy Laswick ~ thanks, Nancy. I believe your market is doing pretty gosh darn well, itself, right now.

Mar 10, 2016 08:36 PM #10
Rainmaker
3,135,143
Nina Hollander
Coldwell Banker Residential Brokerage - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

George Souto ~ hi George... you would think, wouldn't you? Yet many sellers are very hesitant as they worry about finding a new home to buy.

Mar 10, 2016 08:37 PM #11
Rainmaker
3,135,143
Nina Hollander
Coldwell Banker Residential Brokerage - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

William Feela ~ hi Bill... that is one good aspect of the Charlotte metro region--we are not very speculative in terms of housing prices and it helped us weather the downturn and to recover quicker than many other parts of the country.

Mar 10, 2016 08:38 PM #12
Rainmaker
558,553
HGNL Digital Marketing Agency
Detroit, MI
We are a full service real estate marketing agency

Nina Hollander : Sounds like Indian Land, SC real estate market is on the upswing. I hope this blog brings you lots of qualified buyers and sellers.

Cheers!

Milan 

Mar 14, 2016 08:38 AM #13
Rainmaker
3,135,143
Nina Hollander
Coldwell Banker Residential Brokerage - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

What Not To Renovate - Milan B. ~ hi Milan... thanks. Indian Land has been a pretty hot market now for several years and not cooling down.

Mar 14, 2016 09:03 PM #14
Post a Comment
Spam prevention
Show All Comments

What's the reason you're reporting this blog entry?

Are you sure you want to report this blog entry as spam?

Rainmaker
3,135,143

Nina Hollander

Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor
What real estate questions can I answer for you today?
*
*
*
*
Spam prevention

Additional Information