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

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

Indian Land, South Carolina

 

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

 

The average sale price of Indian Land area (29707 zip code area) homes increased 7.1% to just over $295,000, while average days on market for property listings dropped by 6 days to 51 days in August, a 10.5% improvement over the same period last year. 

 

Price per square foot also increased by 6.1% to $121/square foot during August 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 6.4% versus the same period last year. Meanwhile, pending sales in August 2016 were up 13.7% versus August 2015. Clearly, no slowdown of homes sales in the late summer months of 2016. 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 August decreased 8.8% 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 5.9%, which will hopefully begin to relieve some of the pressure of inventory shortage in Indian Land.

 

 

Indian Land Area Local Market Update - August 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 Housing Market Updates:

 

 

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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

 

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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
3,130,457
Nina Hollander
Coldwell Banker Residential Brokerage - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Wayne Martin ~ good morning, Wayne... only "out of control" for properties priced under $250,000--almost impossible to find.

Sep 01, 2016 10:12 PM #3
Rainmaker
3,130,457
Nina Hollander
Coldwell Banker Residential Brokerage - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Anita Clark ~ hi Anita... thanks. Amazing to me how many people still think the market hasn't recovered.

Sep 01, 2016 10:13 PM #4
Rainmaker
1,696,637
Lise Howe
Keller Williams Capital Properties - Washington, DC
Assoc. Broker and Attorney Licensed in DC, MD, VA,

Very nice presentation of homes for sale in the Indian Land, SC area. I love reading the market reports to see how different parts of the country are doing and to see how different people prepare their market reports. Thanks for sharing.  How many do you do each month? 

I always get confused between your SC and NC market reports - how far is SC from Charlotte?

Sep 01, 2016 10:37 PM #5
Rainmaker
3,130,457
Nina Hollander
Coldwell Banker Residential Brokerage - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Lise Howe ~ hi Lise... thanks. Charlotte is immediately adjacent to the SC border. Sort of like going from DC into Virginia except we don't necessarily cross any water. Indian Land, Fort Mill. Tega Cay, Clover... these are all essentially bedroom communites for Charlotte now. I do a good 35-40% of my sales on the SC side many years and rarely less than 30%. 

As for how many market reports I do: I do a monthly for the Ballantyne area, for Waxhaw area (adjacent to Ballantyne), for Indian Land, and for Ft Mill and Tega Cay. These four areas represent the bulk of my sales. Then I do an overview of the Charlotte metro market report once a month as well.

Sep 01, 2016 11:02 PM #6
Rainmaker
1,696,637
Lise Howe
Keller Williams Capital Properties - Washington, DC
Assoc. Broker and Attorney Licensed in DC, MD, VA,

thanks Nina - I am trying to figure out a schedule for doing my market reports and how many I want to do. This is helpful

Sep 01, 2016 11:05 PM #7
Rainmaker
3,202,377
Will Hamm
Hamm Homes - Aurora, CO
"Where There's a Will, There's a Way!"

Hello Nina Hollander,  Good report and information on Indain Land.  Are you going to be effective by the storm with rain?

 

Sep 01, 2016 11:19 PM #8
Rainmaker
1,548,850
Sandy Padula and Norm Padula, JD, GRI
HomeSmart Realty West & Geneva Financial, Llc. - Carlsbad, CA
Presence, Persistence & Perseverance

It seems like Indian Land is in high demand, Nina Hollander and prices will continue the upward trek for a while. Great report!

Sep 01, 2016 11:39 PM #9
Rainmaker
2,579,597
Brian England
Arizona Focus Realty - Gilbert, AZ
MBA, GRI, REALTOR® Real Estate in East Valley AZ

So much great data for consumers to use and find out what is going on with the real estate market in Indian Land!!!

Sep 02, 2016 01:28 AM #10
Rainmaker
3,130,457
Nina Hollander
Coldwell Banker Residential Brokerage - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Brian England ~ thanks, Brian. There is a lot to take-in about the nuances of our market these days.

Sep 02, 2016 01:33 AM #11
Rainmaker
3,130,457
Nina Hollander
Coldwell Banker Residential Brokerage - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Sandy Padula and Norm Padula, JD, GRI NMLS#1483386 ~ hi Sandy and Norm... nothing on the horizon right now that would indicate that the Indian Land are won't keep increasing in sales and home prices. That's good in a way, but for many who often looked to Indian Land as the "affordable" area, it's serious sticker shock time.

Sep 02, 2016 01:35 AM #12
Rainmaker
3,130,457
Nina Hollander
Coldwell Banker Residential Brokerage - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Will Hamm ~ hi Will... we are too far inland to be badly affected by Hermine. Lots of rain today, but on an off and not steady, and they say we'll have some wind gusts. But will be sunny by tomorrow morning and nice all weekend.

Sep 02, 2016 01:36 AM #13
Rainmaker
1,943,056
Grant Schneider
Performance Development Strategies - Armonk, NY
Your Coach Helping You Create Successful Outcomes

Good Morning Nina - looks like a positive market report for Indian Land, SC.  You have a good market but not out of reach.

Sep 02, 2016 02:43 AM #14
Rainmaker
3,130,457
Nina Hollander
Coldwell Banker Residential Brokerage - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Grant Schneider ~ hi Grant... our market is indeed still not out of reach for many; but for some it has definitely gotten there.

Sep 02, 2016 03:02 AM #15
Rainmaker
3,983,315
William Feela
WHISPERING PINES REALTY - North Branch, MN
Realtor, Whispering Pines Realty 651-674-5999 No.

Nina, have you had any backlash from the name Indian Land.  In my area they go crazy

Sep 02, 2016 05:41 AM #16
Rainmaker
3,130,457
Nina Hollander
Coldwell Banker Residential Brokerage - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

William Feela ~ no, Bill... we haven't. It's been Indian Land for hundreds of years.

Sep 02, 2016 07:06 AM #17
Rainmaker
2,704,850
Lisa Von Domek
Lisa Von Domek Team - Dallas, TX
....Experience Isn't Expensive.... It's Priceless!

Very concise market report for the Indian Land, SC housing market!

Sep 02, 2016 11:40 AM #18
Rainmaker
3,130,457
Nina Hollander
Coldwell Banker Residential Brokerage - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Lisa Von Domek ~ good morning, Lisa, and thanks. I like things straightforward and easy to understand.

Sep 02, 2016 08:58 PM #19
Rainmaker
3,267,873
Sally K. & David L. Hanson
EXP Realty 414-525-0563 - Brookfield, WI
WI Realtors - Luxury - Divorce

Uh oh Thinventory in Indian Land !  Wise to be lookng with an experienced Realtor like Nina Hollander if you want to call this great place,home !

Sep 02, 2016 09:22 PM #20
Rainmaker
3,130,457
Nina Hollander
Coldwell Banker Residential Brokerage - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Sally K. & David L. Hanson ~ good morning, Sally and David. Uh oh thinventory is the refrain all over the Charlotte metro area!

Sep 02, 2016 09:34 PM #21
Rainmaker
5,422,934
Roy Kelley
Realty Group Referrals - Gaithersburg, MD

Indian Head home sellers will be in very good hands when they select you as their listing agent.

Sep 03, 2016 09:30 PM #22
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