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

By
Real Estate Agent with Coldwell Banker Residential Brokerage | Charlotte, NC

 

April 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 6.0% to just over $322,000. Average days on market for property listings were 52. Median days on market were just 23 days in April 2018. It's worth pointing out that average days on market for resale homes were 45, while for new construction they were 63 days, which is what skews that number due to all the new construction sales in Indian Land. Meantime, "affordable" and much in demand homes priced under $235,000 saw only 17 days on market.

 

Price per square foot also increased by 4.1% to an average of $128/square foot during April. 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 9.0% versus the same period last year. Meanwhile, pending sales in April 2018 were up 18.9% versus April 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 April 2018 increased 17.7% 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 18.9%, but it's worth pointing out that new listings of affordable homes prices under $235,000 were down 11.6% compared with one year ago with less than one month of inventory available.

 

Also worth pointing out is that the average sale price of a resale home in Indian Land in April 2018 stood at $308,000 (up 7.2% versus April 2017), while the average sale price of a new construction home stood at $397,384 (up 7.2% versus April  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 $90,000. 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: March 2018

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

 

  

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

 

SEARCH ALL CHARLOTTE METRO AREA HOMES HERE

 

 Nina Hollander, RE/MAX Broker, Realtor

 

 

 

 

 

 

Nina Hollander

Broker, Realtor, MBA, CRS, 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
1,328,948
Bob "RealMan" Timm
Tivoli Custom Homes - Minot, ND
Bob Timm, Project Coordinator for Tivoli Homes

Excellent report Nina Hollander , I sure wish our DOM numbers were as good as yours.

May 06, 2018 01:28 PM #3
Rainmaker
2,587,640
Nina Hollander
Coldwell Banker Residential Brokerage | Charlotte, NC - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Bob "RealMan" Timm ~ thanks, Bob... and these days on market numbers are even as "good" as many other parts of the metro area.

May 06, 2018 01:53 PM #4
Rainmaker
950,820
Sheri Sperry - MCNE®
Coldwell Banker Residential Brokerage - Sedona, AZ
(928) 274-7355 ~ YOUR Solutions REALTOR®

HI Nina Hollander - your videos are great market updates for your communities such as Indian Land SC. I raise a glass to many new clients. Cheers!

May 06, 2018 03:44 PM #5
Rainmaker
2,587,640
Nina Hollander
Coldwell Banker Residential Brokerage | Charlotte, NC - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Sheri Sperry - MCNE® ~ thanks, Sheri. I'll raise my glass right back at you! Trust you had a nice weekend!

May 06, 2018 04:57 PM #6
Ambassador
2,833,473
Paul S. Henderson, REALTOR®,CRS,
RE/MAX Northwest. - Tacoma, WA
Tacoma Washington Agent/Broker & Market Authority!

I love when you get on a roll with your market Nina! Well done!

May 06, 2018 08:06 PM #7
Rainmaker
2,587,640
Nina Hollander
Coldwell Banker Residential Brokerage | Charlotte, NC - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Paul S. Henderson, REALTOR®,CRS, ~ hi Paul... thanks for the compliment. One more market report to go today!

May 07, 2018 04:27 AM #8
Rainmaker
1,796,878
Patricia Feager
DFW FINE PROPERTIES - Southlake, TX
Selling Homes Changing Lives

Nina Hollander - What a GREAT video presentation! What I liked best is that my eyes stayed focused and I wasn't scrolling down the page to read. When you read a lot of emails and blog posts, video sure makes it easier on the eyes.

You are motivating me to get started in that direction! 

Your comment in #2 is exactly what I'm facing in my area too. There was a time when building was scare and/or dead in my area. Now the pendalum has swung and there aren't very many alternatives for sellers who sell quickly and don't have the time and/or enough money to build. Time, will always be of the essence and it's creating stressful decision making.

This is a wonderful report! You truly inspired me today!

May 07, 2018 05:05 AM #9
Rainmaker
4,811,430
Roy Kelley
Realty Group Referrals - Gaithersburg, MD
Roy and Dolores Kelley Photographs

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

May 07, 2018 05:17 AM #10
Rainmaker
2,587,640
Nina Hollander
Coldwell Banker Residential Brokerage | Charlotte, NC - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Patricia Feager ~ thanks so much, Patricia.  Now you've inspired me to keep on doing these videos. People have such short attention spans these days, I figured an under 2-minute video could work to hold their attention and I don't even need to be in the picture, so to speak! Happy Monday!

May 07, 2018 05:22 AM #11
Rainmaker
2,587,640
Nina Hollander
Coldwell Banker Residential Brokerage | Charlotte, NC - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Roy Kelley ~ thanks, Roy. One advantage I've found about doing these market reports is that it also forces me to really study the market and "know it."

May 07, 2018 05:22 AM #12
Rainmaker
4,481,411
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

Good morning Nina.  Thanks for the information and update about the Indian Land, SC real estate market.

 

May 07, 2018 05:30 AM #13
Rainmaker
1,796,878
Patricia Feager
DFW FINE PROPERTIES - Southlake, TX
Selling Homes Changing Lives

Nina Hollander - You're right! People do have short attention spans and they really don't have a lot of time. I need to work on this too! 

May 07, 2018 05:36 AM #14
Rainmaker
2,118,729
Brian England
Arizona Focus Realty - Gilbert, AZ
MBA, GRI, REALTOR® Real Estate in East Valley AZ

Here it is, the moment we have all been waiting for, well maybe it was just the moment I have been waiting for, haha.  Sounds like things are good in Indian Land!

May 07, 2018 06:02 AM #15
Rainmaker
2,587,640
Nina Hollander
Coldwell Banker Residential Brokerage | Charlotte, NC - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Brian England ~ hi Brian... I holding my breath waiting for you to show up here! Things are good in Indian Land (except for anyone looking for a more affordable home).

May 07, 2018 06:18 AM #16
Rainmaker
2,587,640
Nina Hollander
Coldwell Banker Residential Brokerage | Charlotte, NC - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Patricia Feager ~hi Patricia... I saw that with our grands... how much shorter their attention spans were when they were kids as compared to when I was their age. It's a bit better now as they are adults, but still relatively short. At the end of the day, no matter how busy we are, we always find time to do what's important to each of us personally.

May 07, 2018 06:20 AM #17
Rainmaker
2,587,640
Nina Hollander
Coldwell Banker Residential Brokerage | Charlotte, NC - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Gabe Sanders ~ hi Gabe... thanks, as always, for taking time to pop by and leave a comment, as well.

May 07, 2018 08:04 AM #18
Rainmaker
3,701,275
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, great market update for Indian Land, and anyone thinking of moving should utilize your expertise! 

May 09, 2018 05:53 AM #19
Rainmaker
2,587,640
Nina Hollander
Coldwell Banker Residential Brokerage | Charlotte, NC - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Joan Cox ~ hi Joan... thanks. Meantime, is there snow in the forecast for Denver for next week? 

May 09, 2018 08:57 AM #20
Rainmaker
3,701,275
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

No, we got only 27" this year --- and we should have about 50+, way down.  You are good to go! 

May 09, 2018 03:05 PM #21
Rainmaker
2,587,640
Nina Hollander
Coldwell Banker Residential Brokerage | Charlotte, NC - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Joan Cox ~ still bringing a winter coat with me... don't quite trust your weather!

May 09, 2018 03:17 PM #22
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