Fort Mill & Tega Cay, SC Housing Market Update/Videos: April 2018

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

 

 

Homes for sale in Fort Mill, SCApril 2018 home sales in the Fort Mill/Tega Cay, South Carolina areas of the Charlotte, NC metro region continued the trends we've seen in the first two months of the year and since 2016 with downward pressure on closed and pending sales, as inventory continued to decrease or barely increase and as "affordable" homes are harder to find.

 

 

 

 

 

 

The average sale price of Fort Mill area homes increased by 2.9% to just under $326,000 compared with April 2017, while average days on market for property listings were 51 days. Price per square foot also increased by 4.9% to $129/square foot in April 2018 versus the same period in 2017.

 

Homes for sale in Tega Cay, SC

In Tega Cay, average home sale prices decreaased slightly by 1.2% to just over $340,000 versus April 2017, while days on market decreased by 6 days to 63 days, an 18.2% improvement. Price per square foot in Tega Cay increased by 5.6% to $133/square foot in April 2018.

 

Closed sales of homes in Fort Mill during April 2018 decreased by 9.7% compared with the same period last year. In Tega Cay, closed sales decreased by 5.3% versus April 2017. Pending sales in April 2018 were also down ~ 4.4% in Fort Mill and 7.7% in Tega Cay versus April 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 in Tega Cay and to some degree due to the increasing lack of  "affordable homes" priced under $300,000 and especially under $250,000.

 

The median percent of original list price that sellers received for their homes was 97.9% in Fort Mill and 97.0% in Tega Cay, showing relatively little negotiating room for 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 2.9 months  and 3.8 months (down 15.6%), respectively--indicating a seller's market in the Fort Mill/Tega Cay areas of South Carolina. New listings marginally increased by 3.2% in Fort Mill and decreased by 2.6% in Tega Cay in April 2018. 

 

As we enter the last two months of 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.

 

  

 

SEARCH ALL FORT MILL, SC AREA HOMES HERE

WONDERING WHAT YOUR FORT MILL AREA HOME IS WORTH?



 

free home listing alerts from greathomesincharlotte.com 

 

SEARCH ALL TEGA CAY, SC AREA HOMES HERE

WONDERING WHAT YOUR TEGA CAY AREA HOME IS WORTH?

 

 

instant home value report from greathomesincharlotte.com 

 

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

Fort Mill/Tega Cay Housing Market Update: March 2018

Fort Mill/Tega Cay Husing Market Update: February 2018

Fort Mill/Tega Cay Housing Market Update: January 2018

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

   

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 residential real estate experts and Fort Mill/Tega Cay specialists.

 

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
2,347,625
Nina Hollander
RE/MAX Executive | Charlotte, NC - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

George Souto ~ hi George... no doubt... prices keep creeping up, but you can't sell what you don't have.

May 07, 2018 09:12 AM #17
Rainmaker
2,347,625
Nina Hollander
RE/MAX Executive | Charlotte, NC - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Lawrence "Larry" & Sheila Agranoff. Cell: 631-805-4400 ~ thanks, Sheila and Larry... everyone seems to think that videos are the way to go... so I'm just getting with the "program!"

May 07, 2018 09:13 AM #18
Rainmaker
3,682,614
Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding, Marketing & Strategy

Nina,

As always great work and great videos defining the activity in your marketplace.  You are a wonderful resource for the buyers and sellers in your marketplace.  A

May 07, 2018 10:05 AM #19
Rainmaker
2,347,625
Nina Hollander
RE/MAX Executive | Charlotte, NC - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Ron and Alexandra Seigel ~ thanks, Alexandra... I think I'll go get myself a swelled head now after this compliment! 

May 07, 2018 10:06 AM #20
Rainmaker
3,682,614
Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding, Marketing & Strategy

Nina,

I am just telling it the way I see it.. Wishing you a great week.  A

May 07, 2018 10:11 AM #21
Rainmaker
2,347,625
Nina Hollander
RE/MAX Executive | Charlotte, NC - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Ron and Alexandra Seigel ~ thanks, and the same to you and Ron. I'm off to Colorado at the end of the week for 5 days to attend the graduation of our youngest grandson from CSU in Ft Collins. Looking forward to a bit of a break (even though work will follow me).

May 07, 2018 10:25 AM #22
Ambassador
1,670,329
Hannah Williams
Re/Max Eastern inc. - Philadelphia, PA
Expertise NE Philadelphia & Bucks 215-953-8818

Nina Hollander  very interesting market report .You incorporated all the bells and whistles . I am sure this will get lots of Google Juice . Any one looking in these area will certainly call you .-- Have a wonderful Week

May 07, 2018 12:12 PM #23
Rainmaker
2,347,625
Nina Hollander
RE/MAX Executive | Charlotte, NC - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Hannah Williams ~ thanks, Hannah. I guess we'll see about that Google juice. I keep hearing mixed reports about how well it's working for AR these days. Have a super week, yourself!

May 07, 2018 12:53 PM #24
Rainmaker
1,396,655
Yolanda Cordova-Gilbert
Sitterle Homes - Richmond, TX
Sitterle Homes

Nina,

 I think videos are the way to go and I need to get to it! I hope you have a wonderful week!

May 07, 2018 03:26 PM #25
Rainmaker
1,189,102
Bob "RealMan" Timm
Alliance Real Estate - Minot - Minot, ND
Bob Timm, Broker Associate, Alliance Real Estate

Averaging 97% of the asking price is a beautiful thing Nina Hollander 

May 07, 2018 05:55 PM #26
Rainmaker
2,733,085
Sally K. & David L. Hanson
Keller Williams 414-525-0563 - Brookfield, WI
WI Realtors - Luxury - Divorce - Short Sale

Great illustration of your market...people in your area appreciate your effort.

May 07, 2018 07:45 PM #27
Ambassador
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Debbie Reynolds
Platinum Properties - Clarksville, TN
Your Dedicated Clarksville TN Real Estate Agent

Great videos and marketing, Nina. Those prices are holding strong.

May 07, 2018 08:23 PM #28
Rainmaker
2,347,625
Nina Hollander
RE/MAX Executive | Charlotte, NC - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Debbie Reynolds ~ hi Debbie... thank you. That's what's most troublesome... those prices which keep creeping up are beginning to lock out many entry level buyers.

May 08, 2018 03:57 AM #29
Rainmaker
2,347,625
Nina Hollander
RE/MAX Executive | Charlotte, NC - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Bob "RealMan" Timm ~ hi Bob... a 1-3% discount from original ask price has pretty much been the norm in Charlotte "forever." We tend to price close to market value so there's never much negotiating unlike in other markets when people price 20% above value and expect low opening offers. Even when the market went sideways, many of our areas only saw a 5-6% discount from ask.

May 08, 2018 03:58 AM #30
Rainmaker
2,347,625
Nina Hollander
RE/MAX Executive | Charlotte, NC - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Yolanda Cordova-Gilbert ~ hi Yolanda... that's what they tell me about videos. I've only started being consistent with them relatively recently, so we'll see how/if they "pay off."

May 08, 2018 03:59 AM #31
Rainmaker
2,347,625
Nina Hollander
RE/MAX Executive | Charlotte, NC - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Sally K. & David L. Hanson ~ thanks, Sally and David. Appreciate your popping by and taking time to leave an "uplifting" comment.

May 08, 2018 04:00 AM #32
Rainmaker
4,553,032
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 08, 2018 06:18 AM #33
Rainmaker
2,347,625
Nina Hollander
RE/MAX Executive | Charlotte, NC - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Roy Kelley ~ thanks, Roy. They'll either appreciate or get scared by the numbers.

May 08, 2018 06:24 AM #34
Rainmaker
4,198,642
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 keeping us informed about the real estate market in Fort Mill & Tega Cay, SC.

 

May 09, 2018 04:46 AM #35
Rainmaker
2,347,625
Nina Hollander
RE/MAX Executive | Charlotte, NC - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Gabe Sanders ~ hi Gabe... as always, great to see your smiling face on one of my posts!

May 09, 2018 04:49 AM #36
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