What Happened In Indian Land, SC's Housing Market In July 2016?

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

Indian Land, South Carolina

 

July 2016 homes sales in the Indian Land, South Carolina area of the Charlotte metro region experienced another excellent month as we entered the third quarter of the year.

 

The average sale price of Indian Land area (29707 zip code area) homes increased 6.6% to just under $293,000, while average days on market for property listings dropped by 7 days to 50 days in July, a 12.3% improvement over the same period last year. 

 

Price per square foot also increased by 5.3% to $120/square foot during July 2016 versus the same period in 2015.  Home buyers can no longer expect to find "bargains" in Indian Land, as the days when homes in  Lancaster County versus adjacent York County are much less expensive are essentially gone and mostly likely gone for good.

 

Closed sales of homes in Indian Land were up 8.3% versus the same period last year. Meanwhile, pending sales in July 2016 were up 9.5% versus July 2015. Clearly, no slowdown of homes sales in the spring/summer selling season 2016 and in the first month of the year's third quarter. The average percent of original list price that sellers received for their homes holds steady at 97%, showing minimal negotiating room for Indian Land homes.

 

The Indian Land area's months supply of homes in July decreased 8.1% to 3.1 months--indicating more of a seller's than a balanced or buyer's market in Indian Land, South Carolina.  New listings  were up 5.1%, which will hopefully begin to relieve some of the pressure of inventory shortage in Indian Land.

 

Indian Land Area Local Market Update - July 2016

 

 

 

 

 

 

 

 

 

SEARCH ALL INDIAN LAND HOMES FOR SALE

 

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

 

  

Previous Indian Land 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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South Carolina Lancaster County Indian Land
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Tags:
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Rainmaker
3,983,375
William Feela
WHISPERING PINES REALTY - North Branch, MN
Realtor, Whispering Pines Realty 651-674-5999 No.

Great report and easy to see what the market is doing

Aug 03, 2016 08:04 AM #1
Rainmaker
2,801,126
Kathleen Daniels
KD Realty - 408.972.1822 - San Jose, CA
San Jose Homes for Sale-Probate & Trust Specialist

Nina,  The Indian Land area market seems to be doing well. 

You certainly demonstrate your knowledge of the market in this report. 

Aug 03, 2016 08:04 AM #2
Rainmaker
3,137,572
Nina Hollander
Coldwell Banker Residential Brokerage - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Kathleen Daniels ~ thanks, Kathleen. And yes, Indian Land is booming! One of the fastest growing areas of the Charlotte metro region.

Aug 03, 2016 08:08 AM #3
Rainmaker
3,137,572
Nina Hollander
Coldwell Banker Residential Brokerage - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

William Feela ~ hi Bill... thank you. That's exactly what I was aiming for in doing these reports on the major markets I sell in.

Aug 03, 2016 08:08 AM #4
Ambassador
2,302,371
Belinda Spillman
Aspen Lane Real Estate Colorful Colorado - Aurora, CO
Colorado Living!

Great market snapshot with lots of helpful charts and links.   Good job!!!

Aug 03, 2016 08:44 AM #5
Rainmaker
3,137,572
Nina Hollander
Coldwell Banker Residential Brokerage - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Belinda Spillman ~ good morning and thanks, Belinda. Unless someone is a numbers geek (like me), unless it's quick and easy to read, I think people don't pay attention.

Aug 03, 2016 09:30 PM #6
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Rainmaker
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Nina Hollander

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