Indian Land, SC Housing Market Update/Video: March 2018

By
Real Estate Agent with Coldwell Banker Realty

 

March 2018 homes sales in the Indian Land, South Carolina area (29707 zip code) of the Charlotte metro region continued the trends we've seen since 2016 with strong demand for homes resulting in continued increases in home prices, coupled with significant decreases in availability of affordable homes priced under $250,000.

 

 

 

The average sale price of homes in the Indian Land area (29707 zip code) increased 7.2% to just under $323,000. Average days on market for property listings were 51. Median days on market were just 22 days in March 2018.

 

Price per square foot also increased by 2.4% to an average of $127/square foot during March. The days when homes in Indian Land in Lancaster County versus adjacent Fort Mill in York County were much less expensive are now a thing of the past.

 

Closed sales of homes in Indian Land were up 6.8% versus the same period last year. Meanwhile, pending sales in March 2018 were up 16.2% versus March 2017. 

 

The median percent of original list price that sellers received for their homes was 98.1%, indicating minimal negotiating room for Indian Land homes.

 

The Indian Land area's months supply of homes in March 2018 increased by one-half of a month to 3.5 months versus one year ago -- but with less than four months, still continuing to indicate a seller's market in Indian Land, South Carolina.

 

New listings were up 15.4%, but it's worth pointing out that new listings of affordable homes prices under $235,000 were down 6.4% compared with one year ago with only 2.1 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 March 2018 stood at $308,120 (up 8.5% versus March 2017), while the average sale price of a new construction home stood at $396,768 (up 7.1% versus March 2017). 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 almost $89,000. Anyone looking for new construction bargains in Indian Land, South Carolina will be disappointed.

 

 

SEARCH ALL INDIAN LAND, SC HOMES FOR SALE

 

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WONDERING WHAT YOUR INDIAN LAND, SC AREA HOME IS WORTH?

 

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Previous Indian Land, SC Housing Market Updates:

Indian Land Housing Market Update: February 2018

Indian Land Housing Market Update: January 2018

Indian Land Housing Market Update: December 2017

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

 

 

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."

 

 

Posted by

 

 Nina Hollander, RE/MAX Broker, Realtor

 

 

 

Broker, Realtor, MBA, GRI, ABR, SRES, CDPE, SFR, SPS, CMRS
Carolinas Realty Partners with Coldwell Banker Realty
Direct: 704-779-0813
Website: www.GreatHomesInCharlotte.com
Blog: News You Can Use From The Greater Charlotte Area
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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.

 

Comments (12)

Terry Records
Records Results!Real Estate - Fort Myers, FL

Hi Nina,

Great, professional video, well done!

Apr 08, 2018 12:33 PM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Terry Records ~ thanks, Terry... high compliment saying it's professional... I'm a total amateur!

Apr 08, 2018 12:37 PM
Endre Barath, Jr.
Berkshire Hathaway HomeServices - Beverly Hills, CA
Realtor - Los Angeles Home Sales 310.486.1002

Nina, I am a charts and written word person, will need to get used to the video idea, still fighting it:) Good for you for joining main stream:)Endre

Apr 08, 2018 12:51 PM
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.

Apr 08, 2018 01:23 PM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Endre Barath, Jr. ~ hi Endre... I'm a charts and written word person, as well, Endre. But everyone keeps saying that videos are the "bomb" these days and I've been fighting that trend, too. So I substituted the video for charts. The written word is still there. Maybe I'll put together an infographic in lieu of charts and add it to future posts.

Apr 08, 2018 01:38 PM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Thank you, again, Gita, for popping by and taking time to leave me comment.

Apr 08, 2018 01:38 PM
George Souto
George Souto NMLS #65149 FHA, CHFA, VA Mortgages - Middletown, CT
Your Connecticut Mortgage Expert

Nina nice touch with the addition of a video to the market report.

Apr 08, 2018 02:52 PM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

George Souto ~ thanks, George. I've put in videos previously but at the bottom of the post...they say 60% of people will look at a video before reading, so I decided to move the video up in importance. And I've noticed that everyone in the Rain noticed my videos for the first time, as a result.

Apr 08, 2018 03:02 PM
MichelleCherie Carr Crowe .Just Call. 408-252-8900
Get Results Team...Just Call (408) 252-8900! . DRE #00901962 . Licensed to Sell since 1985 . Altas Realty - San Jose, CA
Family Helping Families Buy & Sell Homes 40+ Years

Thank you for providing this informational report on this local market.

Apr 08, 2018 05:59 PM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Michelle Carr-Crowe-Top 1% Diamond Certified Real Estate Team Sells Cupertino San Jose Homes-Just Call 408-252-8900 ~ thanks, Michelle. Alway appreciate your stopping by and checking out my posts.

Apr 09, 2018 04:15 AM
Brian England
Arizona Focus Realty - Gilbert, AZ
MBA, GRI, REALTOR® Real Estate in East Valley AZ

Here it is, the report that I was waiting for and I couldn't see it yesterday because I couldn't login to ActiveRain, haha, darn AR gremlins.

Apr 09, 2018 07:48 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Brian England ~ hi Brian... and there I was rushing to get the report out just for you!  I got caught by those gremlins on Friday... but all akay since then.

Apr 09, 2018 10:16 AM