What Happened In The Fort Mill/Tega Cay, SC Housing Market In Dec 2017

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

 

 

Homes for sale in Fort Mill, SCDecember 2017 home sales in the Fort Mill/Tega Cay, South Carolina areas of the Charlotte, NC metro region had a solid performance continued the trends we've seen since 2016 with lots of pressure on closed sales, as inventory continued to decrease.

 

The average sale price of Fort Mill area homes increased by 6.0% to just under $327,000 compared with December 2016, while average days on market for property listings were increased by two day to 51 days compared with the same period last year, more than likely due to a holiday seasonality. Price per square foot also increased by 5.8% to $128/square foot in December 2017 versus the same period in 2016.

 

 

Homes for sale in Tega Cay, SCIn Tega Cay, average home sale prices dropped by 1.0% just over $339,000 versus December 2016, while days on market decreased by 9 days to 65 days, a 14.5% improvement. Price per square foot in Tega Cay increased by 6.5% to $132/square foot in December 2017.

 

 

 

Closed sales of homes in Fort Mill during December 2017 decreased by 1.7% compared with the same period last year. In Tega Cay, closed sales decreased by 1.4% versus December 2016. Pending sales in December 2017 were also down -- down 1.0% in Fort Mill and down by 9.1% in Tega Cay versus December 2016. To some degree this can be attributed to the decrease in the months supply of homes for sale, the drop in new listings coming on the market especially in Tega Cay, and holiday seasonality.

 

The average percent of original list price that sellers received for their homes was 97.0% in Fort Mill and 95.8% in Tega Cay, showing relatively little negotiating room on both Fort Mill and Tega Cay homes.

 

The Fort Mill/Tega Cay area's months supply of homes as compared with one year ago is 2.6 months (down 13.3%) and 4.0 months (down 14.9%), respectively--indicating a seller's market in the Fort Mill/Tega Cay areas of South Carolina.  New listings marginally increased by 1.4% in Fort Mill and decreased by 5.1% in Tega Cay in December 2017. 

 

As we closed out 2017 and look forward to 2018, it seems safe to assume that housing inventory in Fort Mill and Tega Cay will remain relatively tight and that housing will remain a seller's market.

 

 

Fort Mill/Tega Cay, SC Areas Local Market Update - December 2017

 

 

 

 

 

 

 

 

SEARCH ALL FORT MILL, SC AREA HOMES HERE

SEARCH ALL TEGA CAY, SC AREA HOMES HERE

 

WONDERING WHAT YOUR FORT MILL AREA HOME IS WORTH?

WONDERING WHAT YOUR TEGA CAY AREA HOME IS WORTH?

 

 

Previous Fort Mill/Tega Cay, SC Housing Market Updates:

Fort Mill/Tega Cay Housing Market Update: November 2017

Fort Mill/Tega Cay Housing Market Update: October 2017

Fort Mill/Tega Cay Housing Market Update: Sepetember 2017

Fort Mill/Tega Cay Housing Market Update: August 2017

Fort Mill/Tega Cay Housing Market Update: July 2017

Fort Mill/Tega Cay Housing Market Update: June 2017

Fort Mill/Tega Cay Housing Market Update: May 2017

Fort Mill/Tega Cay Housing Market Update: April 2017

Fort Mill/Tega Cay Housing Market Update: March 2017 

Fort Mill/Tega Cay Housing Market Update: February 2017 

Fort Mill/Tega Cay, SC Housing Market Update: January 2017 

Fort Mill/Tega Cay, SC Housing Market Update: December 2016

Fort Mill/Tega Cay, SC Housing Market Update: November 2016

 

    

This Charlotte, North Carolina real estate monthly update for Fort Mill and Tega Cay, SC 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'd love an opportunity to earn your business, exceed your expectations, and to prove to you that

 "The Right Broker Makes All The Difference."

 

 

Posted by

 

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
2,388,931
Nina Hollander
RE/MAX Executive | Charlotte, NC - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Sheri Sperry - MCNE® ~ hi Sheri... thanks for the great endorsement. Wishing you a terrific Tuesday!

Jan 09, 2018 07:13 AM #3
Rainmaker
2,388,931
Nina Hollander
RE/MAX Executive | Charlotte, NC - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Anthony Acosta - ALLATLANTACONDOS.COM ~ hi Anthony... thanks, as always, for popping by and taking time to leave a comment.

Jan 09, 2018 07:14 AM #4
Rainmaker
4,601,759
Roy Kelley
Realty Group Referrals - Gaithersburg, MD
Roy and Dolores Kelley Photographs

Families moving to the area will appreciate your local community reports.

Jan 09, 2018 07:16 AM #5
Rainmaker
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Kristin Johnston - REALTOR®
RE/MAX Realty Center - Waukesha, WI
Giving Back With Each Home Sold!

Great  informational market post...I am sure you will get a bunch of clicks!

Jan 09, 2018 07:22 AM #6
Rainmaker
2,388,931
Nina Hollander
RE/MAX Executive | Charlotte, NC - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Kristin Johnston - REALTOR® ~ hi Kristin... thanks. Always get lots of clicks... but not all that many phone calls. Have begun questioning how valuable this is to spend time on.

Jan 09, 2018 07:24 AM #7
Rainmaker
2,388,931
Nina Hollander
RE/MAX Executive | Charlotte, NC - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Roy Kelley ~ thanks, as always, Roy, for taking the time to stop by and leave a comment.

Jan 09, 2018 07:25 AM #8
Rainmaker
2,833,469
Lawrence "Larry" & Sheila Agranoff. Cell: 631-805-4400
The Top Team @ Charles Rutenberg Realty 255 Executive Dr, Plainview NY 11803 - Plainview, NY
Long Island Condo & Home Sale Specialists

Buyers and sellers like all the information they can get for their area of choice, and this is the best place to find out about Fort Mill / Tega Cay in SC. 

Jan 09, 2018 08:14 AM #9
Rainmaker
2,388,931
Nina Hollander
RE/MAX Executive | Charlotte, NC - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Lawrence "Larry" & Sheila Agranoff. Cell: 631-805-4400 ~ hi Sheila and Larry... thanks. And thanks for taking time to stop by with a comment.

Jan 09, 2018 08:31 AM #10
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 09, 2018 09:58 AM #11
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

Even though December is almost always a more quiet time of year in the real estate market, it looks like prices in your Charlotte neighborhoods just continue to go up, Nina. Even with a little bit of a decline in inventory. It will be interesting to see how 2018 plays out.

Jan 09, 2018 10:17 AM #12
Rainmaker
2,583,066
Will Hamm
Hamm Homes - Aurora, CO
"Where There's a Will, There's a Way!"

Hello Nina and great information for buyers and sellers in your area as always.  Hope it is getting warm again.

 

Jan 09, 2018 11:04 AM #13
Rainmaker
2,388,931
Nina Hollander
RE/MAX Executive | Charlotte, NC - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Gita Bantwal ~ hi Gita... thank you. Always appreciate your stopping by. Trust you've had a great day.

Jan 09, 2018 02:32 PM #14
Rainmaker
2,388,931
Nina Hollander
RE/MAX Executive | Charlotte, NC - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Will Hamm ~ thanks, Will. It's amazing... Saturday and Sunday I was showing property in 27 degree temperature in a fur coat. Today I was showing in 65 degree temperature with no coat.

Jan 09, 2018 02:33 PM #15
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 ~ hi Elizabeth... you can count on me to be keeping a very close eye on inventory, dom, and sales in the next several months.

Jan 09, 2018 02:34 PM #16
Ambassador
2,705,680
Paul S. Henderson, REALTOR®,CRS,
RE/MAX Professionals. - Tacoma, WA
Tacoma Washington Agent/Broker & Market Authority!

Comparing your Fort Mill/Tega Cay, South Carolina areas of Charlotte, NC to our local December numbers shows much more than a solid performance Nina Hollander 

Jan 09, 2018 08:18 PM #17
Rainmaker
1,957,539
Brian England
Arizona Focus Realty - Gilbert, AZ
MBA, GRI, REALTOR® Real Estate in East Valley AZ

So, a friend of mine recently moved to the Charlotte area and his Mom has lived there for a while.  When he called yesterday, I asked him if he was going to drive through Indian Land, he said that it is in South Carolina.  He says his Mom lives in Indian Trail.  I thought it was so cool that I could talk intelligently with him about the area, haha.  It's all because of you!!!

Jan 10, 2018 10:13 AM #18
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... there's a reason Charlotte was named the fourth fastest growing metro area in the country... and it's reflected in the demand for housing.

Jan 10, 2018 11:49 AM #19
Rainmaker
2,388,931
Nina Hollander
RE/MAX Executive | Charlotte, NC - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Brian England ~ so was your friend impressed with what you knew about the area, Brian?

Jan 10, 2018 11:50 AM #20
Rainmaker
3,522,280
Joan Cox
Metro Brokers - House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Nina, you always have such valuable data for buyers and sellers if they should decide to relocate to Fort Mill/Tega Cay.

Jan 10, 2018 01:09 PM #21
Rainmaker
2,388,931
Nina Hollander
RE/MAX Executive | Charlotte, NC - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Joan Cox  ~ hi Joan... as I always say "any idiotic with a lock box key can open a door." It's all the other stuff that really counts.

Jan 10, 2018 01:26 PM #22
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