What Happened In The Fort Mill/Tega Cay Housing Markets In Jan 2018?

By
Real Estate Agent with Coldwell Banker Residential Brokerage

 

 

Homes for sale in Fort Mill, SCJanuary 2018 home sales in the Fort Mill/Tega Cay, South Carolina areas of the Charlotte, NC metro region continued the trends we've seen since 2016 and throughout 2017 with pressure on closed sales, as inventory continued to decrease, while demand for homes exceeded supply.

 

The average sale price of Fort Mill area homes increased by 6.0% to just over $327,000 compared with January 2017, while average days on market for property listings were 52 days. Price per square foot also increased by 5.8% to $128/square foot in January 2018 versus the same period in 2017.

 

Homes for sale in Tega Cay, SC

In Tega Cay, average home sale prices increased by 1.0% just over $343,500 versus January 2017, while days on market decreased by 9 days to 65 days, a 14.5% improvement. Price per square foot in Tega Cay increased by 7.3% to $133/square foot in January 2018.

 

Closed sales of homes in Fort Mill during January 2018 increased by 0.2% compared with the same period last year. In Tega Cay, closed sales decreased by 2.8% versus January 2017. Pending sales in January 2018 were also down -- down 4.4% in Fort Mill and down by 7.9% in Tega Cay versus January 2017. To some degree this can be attributed to the decrease in the months supply of homes for sale the lack of new listings coming on the market, especially in Tega Cay.

 

The average percent of original list price that sellers received for their homes was 96.9% in Fort Mill and 95.7% 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 2.7 months (down 6.9%) and 3.9 months (down 15.2%), respectively--indicating a seller's market in the Fort Mill/Tega Cay areas of South Carolina.  New listings marginally increased by 2.8% in Fort Mill and decreased by 1.3% in Tega Cay in January 2018. 

 

As we begin 2018 and look forward to the spring selling season, 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 with home prices continuing a steady increase.

 

 

Fort Mill/Tega Cay, SC Areas Local Market Update - January 2018

 

 

 

 

 

 

 

 

 

SEARCH ALL FORT MILL, SC AREA HOMES HERE

WONDERING WHAT YOUR FORT MILL AREA HOME IS WORTH?

 

 

 

SEARCH ALL TEGA CAY, SC AREA HOMES HERE

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: December 2017

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

 

    

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, 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 - 2018 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
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Lawrence "Larry" & Sheila Agranoff. Cell: 631-805-4400
The Top Team @ Charles Rutenberg Realty 255 Executive Dr, Plainview NY 11803 - Plainview, NY
Long Island Home and Condo Specialists

It's so easy to find out what's happening in the Fort Mill/Tega Cay Real Estate Market. All buyers and sellers have to do is make the call to Nina Hollander!

Feb 16, 2018 10:24 AM #1
Rainmaker
3,010,850
Nina Hollander
Coldwell Banker Residential Brokerage - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Lawrence "Larry" & Sheila Agranoff. Cell: 631-805-4400 ~ and ain't that the truth, Sheila and Larry. And if they do call, I'm happy to tell them everything they need to know!

Feb 16, 2018 10:45 AM #2
Ambassador
3,057,313
Paul S. Henderson, REALTOR®, CRS
RE/MAX Northwest. - Tacoma, WA
Tacoma Washington Agent/Broker & Market Authority!

I am so impressed that you keep such a close watch on these two area Nina Hollander 

Feb 16, 2018 04:47 PM #3
Ambassador
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Debbie Reynolds
Platinum Properties - Clarksville, TN
Your Dedicated Clarksville TN Real Estate Agent

This is terrific information for buyers and sellers of Fort Mill/Tega Cay. I hope you get a lot of calls and new clients for this area.

Feb 16, 2018 06:00 PM #4
Rainmaker
4,432,093
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 

Feb 17, 2018 05:14 AM #5
Rainmaker
3,010,850
Nina Hollander
Coldwell Banker Residential Brokerage - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Gita Bantwal ~ thanks, Gita, for stopping by. Wishing you a lovely weekend.

Feb 17, 2018 05:35 AM #6
Rainmaker
3,010,850
Nina Hollander
Coldwell Banker Residential Brokerage - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Debbie Reynolds ~ thanks, Debbie. People are always surprised by what a big percentage of my sales are in South Carolina.

Feb 17, 2018 05:36 AM #7
Rainmaker
3,010,850
Nina Hollander
Coldwell Banker Residential Brokerage - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Paul S. Henderson, REALTOR®,CRS, ~ good morning, Paul... I'm licensed in both North and South Carolina and for years now 35+% of my sales are just over the border in Fort Mill, Tega Cay, and Indian Land... which is why I keep close track of these areas. At this point in time, they are essential bedroom communities for Charlotte, just in a different state.

Feb 17, 2018 05:38 AM #8
Rainmaker
3,209,764
Sally K. & David L. Hanson
EXP Realty 414-525-0563 - Brookfield, WI
WI Realtors - Luxury - Divorce

Some healthy increases that should wake up some "fence sitters" to get their "FOR SALE" signs out !

Feb 17, 2018 05:51 AM #9
Rainmaker
2,476,722
Brian England
Arizona Focus Realty - Gilbert, AZ
MBA, GRI, REALTOR® Real Estate in East Valley AZ

My friend Nina always knows what is going on in the market and certainly should be the first call to make!

Feb 17, 2018 06:01 AM #10
Rainmaker
3,010,850
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. I think those darn fence sitters are very entrenched! I suspect the only thing that will blast them of the fence now are increasing interest rates/

Feb 17, 2018 06:18 AM #11
Rainmaker
3,010,850
Nina Hollander
Coldwell Banker Residential Brokerage - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Brian England ~ good morning, Brian... I sure do try to stay on top of markets in my area as we have so many of them and they are all different.

Feb 17, 2018 06:18 AM #12
Rainmaker
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Roy Kelley
Realty Group Referrals - Gaithersburg, MD

Families on the move will appreciate your local real estate market reports.

Feb 17, 2018 08:55 AM #13
Rainmaker
3,010,850
Nina Hollander
Coldwell Banker Residential Brokerage - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Roy Kelley ~ thanks, Roy. Trying to cover all the key bases in the Charlotte metro area.

Feb 17, 2018 11:45 AM #14
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Rainmaker
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