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

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Real Estate Agent with Coldwell Banker Residential Brokerage
https://activerain.com/droplet/4Qp2

Indian Land, South Carolina

 

March 2016 homes sales in the Indian Land, South Carolina area of the Charlotte metro region had another excellent month. The average sale price of Indian Land area (29707 zip code area) homes increased 2.3% to just under $283,000, while average days on market for property listings dropped by 11 days to 54 days in March, a 16.9% improvement over the same period last year. 

 

Price per square foot also increased by 2.6% to $117/square foot during March 2016 versus the same period in 2015.  Buyers can 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 5.5% versus the same period last year. Meanwhile, pending sales in March 2016 were up 10.5% versus March 2015. Clearly, no slowdown of homes sales in the first three months of 2016 The average percent of original list price that sellers received for their homes was 96.8%, showing how little negotiating room there is for Indian Land homes.

 

The Indian Land area's months supply of homes in March continued 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 8.8%, which will hopefully relieve some of the pressure of inventory shortage in Indian Land.

 

Indian Land Area Local Market Update - March 2016

 

 

 

 

 

 

 

 

 

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 

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

 

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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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Rainmaker
4,432,217
Gita Bantwal
RE/MAX Centre Realtors - Warwick, PA
REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel

Home buyers and sellers in the area will appreciate this report.

Apr 04, 2016 11:11 PM #1
Rainmaker
3,130,170
Nina Hollander
Coldwell Banker Residential Brokerage - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Gita Bantwal ~ hi Gita... thanks. What I'm hoping is that more sellers "get the message" and list.

Apr 04, 2016 11:15 PM #2
Rainmaker
3,202,181
Will Hamm
Hamm Homes - Aurora, CO
"Where There's a Will, There's a Way!"

Good Morning Nina Hollander, (Well hald the morning is gone for you)  Great report as always from you, Hope those sellers call you!

 

Apr 05, 2016 12:12 AM #3
Rainmaker
3,130,170
Nina Hollander
Coldwell Banker Residential Brokerage - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Will Hamm ~ hi Will, all I know is that I sit down at my computer at 6am and don't come up for air and 5 hours later still trying to figure out what I have accomplished!

Apr 05, 2016 12:44 AM #4
Rainmaker
3,191,303
Lawrence "Larry" & Sheila Agranoff. Cell: 631-805-4400
The Top Team @ Charles Rutenberg Realty 255 Executive Dr, Plainview NY 11803 - Plainview, NY
Long Island Home and Condo Specialists

The perfect way for consumers to keep track of what's going on in the Indian Land housing market is to sign up for your free market snapshot!

Apr 05, 2016 01:01 AM #5
Ambassador
1,924,955
Hannah Williams
Re/Max Eastern inc. - Philadelphia, PA
Expertise NE Philadelphia & Bucks 215-953-8818

Nina Hollander  I think you have a great knowledge  of what-happened-in-the-Indian-Land--SC-housing-market-in-March-2016-

Apr 05, 2016 01:20 AM #6
Rainmaker
3,130,170
Nina Hollander
Coldwell Banker Residential Brokerage - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Lawrence "Larry" & Sheila Agranoff. Call 631-805-4400 (c) ~ hi Sheila and Larry... I'm often amazed that more people don't sign up for the snapshot.

Apr 05, 2016 01:39 AM #7
Rainmaker
3,130,170
Nina Hollander
Coldwell Banker Residential Brokerage - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Hannah Williams ~ hi Hannah, since a fairly heft percentage of my sales these days are right over the Ballantyne border in Indian Land, I do hope I know the market and am a good resource to home buyers and sellers.

Apr 05, 2016 01:40 AM #8
Ambassador
3,820,366
George Souto
George Souto NMLS #65149 FHA, CHFA, VA Mortgages - Middletown, CT
Your Connecticut Mortgage Expert

Nina I keep on asking you to send some of that market trend up here to CT and I think we might finally be starting to see it.  I hope that it is not just a sign of the Spring market and that we are finally starting to see the beginning of a turn around.

Apr 05, 2016 01:48 AM #9
Rainmaker
3,130,170
Nina Hollander
Coldwell Banker Residential Brokerage - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

George Souto ~ hi George, if I were an agent in your area, I'd take an improving market anyway that I could, even if only for the spring season. But it's taken yours so long to turnaround, hopefully it's only the start of a turnaround and will continue through 2016 and into 2017.

Apr 05, 2016 01:54 AM #10
Rainmaker
679,919
Nicole Doty - Gilbert Real Estate Expert
Zion Realty - Gilbert, AZ
Broker/Owner of Zion Realty ZionRealtyAZ.com

Those are some good numbers for the Indian Land housing market. They should only get better as the Spring and Summer market kicks in. 

Apr 05, 2016 02:08 AM #11
Rainmaker
3,130,170
Nina Hollander
Coldwell Banker Residential Brokerage - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Nicole Doty - Gilbert Real Estate Expert ~ hi Nicole... our numbers are such that it feels as if our spring season began in January on New Year's Day!

Apr 05, 2016 02:52 AM #12
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Rainmaker
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