What Happened In The Indian Land, SC Housing Market In December 2017?

By
Real Estate Agent with RE/MAX Executive | Charlotte, NC

 

 

Indian Land, SC Homes for SaleDecember 2017 homes sales in the Indian Land, South Carolina area of the Charlotte metro region continued the trends we've been seeing since 2016 with both home prices and sales increasing.

 

The average sale price of homes in the Indian Land area (29707 zip code) increased 6.5% to just under $316,000, while average days on market for property listings remained flat at 49 days compared with December 2016. Median days on market were just 22 days in December 2017.

 

Price per square foot also increased by 3.3% to an average of $126/square foot during December. The days when homes in Indian Land in Lancaster County versus adjacent Fort Mill in York County were much less expensive are essentially gone for good.

 

Closed sales of homes in Indian Land were up 1.0% versus the same period last year. Meanwhile, pending sales in December 2017 were up 5.3% versus December 2016. Much of this somewhat anemic performance in closed sales can be attributed to the lack of inventory in homes priced under $235,000 where there are less than two months of inventory and where the number of homes in this price range available for sale were down 20.0% compared with one year ago.

 

The average percent of original list price that sellers received for their homes was 96.7%, showing minimal negotiating room for Indian Land homes.

 

The Indian Land area's months supply of homes in December 2017 increased 12.9% to 3.5 months versus one year ago -- continuing to indicate a seller's market in Indian Land, South Carolina. Inventory of resale homes is lower at 2.9 months. New listings were up 8.8%, but it's worth pointing out that new listings of affordable homes prices under $235,000 were down 20.0% compared with one year ago with only 0.8 months of inventory... clearly putting pressure on closed sales despite the overall increase in new listings.

 

It's worth pointing out that the average sale price of a resale home in Indian Land in December 2017 stood at $302,572 (up 8.2% versus December 2016), while the average sale price of a new construction home stood at $387,784 (up 5.0% versus December 2016). No wonder it's so hard to find homes in Indian Land under $250,000 (new or resale). For those looking for new construction, the difference in average price for resale homes versus new homes  is over $85,000. Any one looking for new construction bargains in Indian Land, South Carolina will be disappointed.

 

 

Indian Land, SC Area Local Market Update - December 2017

 

 

 

 

 

 

 

 

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:

Indian Land Housing Market Update: November 2017

Indian Land Housing Market Update: October 2017

Indian Land Housing Market Update: September 2017

Indian Land Housing Market Update: August 2017

Indian Land Housing Market Update: July 2017

Indian Land Housing Market Update: June 2017

Indian Land Housing Market Update: May 2017

Indian Land, SC Housing Market Update: April 2017

 Indian Land, SC Housing Market Update: March 2017

Indian Land, SC Housing Market Update: February 2017 

Indian Land, SC Housing Market Update: January 2017 

 

 

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 Indian Land or anywhere in the Charlotte metro area, I'd love an opportunity to earn your business, exceed your expectations, and to prove to you that:

 "The Right Broker Makes All The Difference."

 

 

 Discover Indian Land image credited to DiscoverIndianLand.com

 

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SEARCH ALL CHARLOTTE METRO AREA HOMES HERE

 

Nina Hollander, Broker, Realtor / REMAX / Carolinas Realty Partners / Ph: 704.779.0813 / F: 704.341.3346 / E: Nina@NinaHollander.com / W: www.GreatHomesInCharlotte.com

Nina Hollander
Broker, Realtor, CRS, GRI, ABR, SRES, CDPE, SFR, SPS, CMRS
Carolinas Realty Partners with RE/MAX Executive Realty
Direct: 704-779-0813
Website: www.GreatHomesInCharlotte.com
Blog: http://activerain.com/blogs/ninahollander
Search for Charlotte Area Homes: www.HomesInCharlotteArea.com

2007 - 2016 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
1,995,242
Elizabeth Weintraub Sacramento Real Estate Agent, Top 1% of Lyon Agents
Lyon Real Estate - Sacramento, CA
Put 40 years of experience to work for you

Hi Nina: It's interesting that the homes in Indian Land are now on par with those in Fort Mill. (I can't believe I'm beginning to recognize the communities in your area.) But I always tell buyers it's good to buy on the edge of strong communities because eventually it will spill over.

Jan 06, 2018 09:55 AM #1
Ambassador
2,705,680
Paul S. Henderson, REALTOR®,CRS,
RE/MAX Professionals. - Tacoma, WA
Tacoma Washington Agent/Broker & Market Authority!

We can always depend on you to tell us what the Indian Land in South Carolina housing market is Nina Hollander .

Jan 06, 2018 10:49 PM #2
Rainmaker
3,996,254
Gita Bantwal
RE/MAX Centre Realtors - Warwick, PA
REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel

You always provide good information about your housing market. Thank you for sharing 

Jan 07, 2018 02:51 AM #3
Rainmaker
2,388,931
Nina Hollander
RE/MAX Executive | Charlotte, NC - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Elizabeth Weintraub Sacramento Real Estate Agent, Top 1% of Lyon Agents ~ Indian Land used to be very much a rural and horse farm community 20 years ago. Once we started running out of land in Fort Mill, and especially once schools were ranked way higher, Indian Land became the place to go... close to Ballantyne, low taxes, etc. Now that it's an "it" place it has become more expensive on par with Fort Mill. Come on down to Charlotte and I'll introduce you to all these areas!

Jan 07, 2018 04:08 AM #4
Rainmaker
2,388,931
Nina Hollander
RE/MAX Executive | Charlotte, NC - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Paul S. Henderson, REALTOR®,CRS, ~ hi Paul... indeed you can depend on me for Indian Land news. It's a mile from my house and I've sold there before most people ever gave Indian Land much thought.

Jan 07, 2018 04:09 AM #5
Rainmaker
2,388,931
Nina Hollander
RE/MAX Executive | Charlotte, NC - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Gita Bantwal ~ good morning, Gita... thank you for stopping by and commenting. Wishing you a really lovely Sunday.

Jan 07, 2018 04:10 AM #6
Rainmaker
1,957,539
Brian England
Arizona Focus Realty - Gilbert, AZ
MBA, GRI, REALTOR® Real Estate in East Valley AZ

Here it is, the report that I have been waiting for!  I don't always know what all of the stats mean, but it appears that the Indian Land market is pretty healthy!!!

Jan 07, 2018 06:16 AM #7
Rainmaker
2,388,931
Nina Hollander
RE/MAX Executive | Charlotte, NC - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Brian England ~ hi Brian... happy that you got your monthly Indian Land "fix." Sort of like my weekly Sissy "fix." Have a wonderful Sunday.

Jan 07, 2018 07:13 AM #8
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Rainmaker
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