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

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

Indian Land, South Carolina

 

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

 

The average sale price of Indian Land area (29707 zip code area) homes increased 7.1% to just over $296,000, while average days on market for property listings dropped by 5 days to 51 days in September, an 8.9% improvement over the same period last year. Median days on market also dropped by 7 days to 24 days compared with one year ago.

 

Price per square foot also increased by 5.2% to an average of $121/square foot during September 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 September 2016 were up by double digits at 13.4% versus September 2015. Clearly, no slowdown of homes sales as the summer selling season wound down and the fall selling season began. The average percent of original list price that sellers received for their homes held steady at 97%, showing minimal negotiating room for Indian Land homes.

 

The Indian Land area's months supply of homes in September 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 9.8%, which will hopefully begin to relieve some of the pressure of inventory shortage in Indian Land, especially in the under $300,000 price range.

 

 

Indian Land Area Local Market Update - September 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:

 

 

This Charlotte, North Carolina real estate monthly update for Indian Land, South Carolina is brought to you courtesy of Nina Hollander and Carolinas Realty Partners, RE/MAX Executive, your Charlotte metro area real estate consultants. 

 

If you are considering selling or purchasing a home in the Charlotte metro area, I would love an opportunity to earn your business, exceed your expectations, and to prove to you that

"The Right Broker Makes All The Difference."

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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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Rainmaker
3,205,338
Will Hamm
Hamm Homes - Aurora, CO
"Where There's a Will, There's a Way!"

Hello Nina Hollander,  You are have the top of the line market reports.  Thanks for the time in Vegas.

 

Oct 02, 2016 04:48 AM #1
Rainmaker
3,135,121
Nina Hollander
Coldwell Banker Residential Brokerage - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Will Hamm ~ thank you, Will. Vegas seems like a hundred years ago, already. How is your hip feeling?

Oct 02, 2016 05:00 AM #2
Rainmaker
3,248,021
Lou Ludwig
Ludwig & Associates - Boca Raton, FL
Designations Earned CRB, CRS, CIPS, GRI, SRES, TRC

Nina

The Indian land South Carolina real estate market continued  to be very active in September 2016.

Good luck and success.

Lou Ludwig

Oct 02, 2016 06:32 AM #3
Rainmaker
2,050,826
Robert Bob Gilbert
Berkshire Hathaway HomeServices Anderson Properties - Katy, TX
Your Katy TX ( West of Houston) Real Estate Expert

Nina, Good report and Indian Land is definitely a sellers market. 

Oct 02, 2016 07:04 AM #4
Rainmaker
3,304,559
Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

Good evening Nina. The right indicators are up and days on market down! Supply needs a bit of help to keep pace with the market! Enjoy your evening!

Oct 02, 2016 12:26 PM #5
Rainmaker
3,135,121
Nina Hollander
Coldwell Banker Residential Brokerage - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Wayne Martin ~ good morning to you, Wayne. Thinventory is the story in our market all over town right now.

Oct 02, 2016 09:05 PM #6
Rainmaker
3,135,121
Nina Hollander
Coldwell Banker Residential Brokerage - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Robert Bob Gilbert ~ hi Bob... in the immediate Charlotte metro areas, just about everywhere is a seller's market right now. 

Oct 02, 2016 09:06 PM #7
Rainmaker
3,135,121
Nina Hollander
Coldwell Banker Residential Brokerage - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Lou Ludwig ~ good morning, Lou.... and I have a feeling that the Indian Land market will remain active for the rest of the year, as well.

Oct 02, 2016 09:07 PM #8
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Rainmaker
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