Indian Land, SC (29707 Zip Code) Housing Market Update/Video-June 2018

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

 

Indian Land, SC Housing Market Update & Video: June 2018

 

June 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 sold in the Indian Land area (29707 zip code) in June 2018 increased 6.4% to just over $325,000 as compared with June 2017.

 

Average days on market for property listings were 53. Median days on market were just 21 days in June 2018. It's worth pointing out that average days on market for resale homes were 46, while for new construction they were 62 days, which  skews the DOM number given 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 (down 19% compared to June 2017). And days on market for new construction affordable homes stood at 27 days (down 30.8%) -- considerably lower than for new construction homes as a whole.

 

Price per square foot also increased by 2.4% to an average of $128/square foot during June. The days when homes in Indian Land in Lancaster County versus adjacent Fort Mill in York County were considerably less expensive are now a thing of the past.

 

Closed sales of homes in Indian Land were up 15% versus the same period last year. Meanwhile, pending sales in June 2018 were up 18.2% versus June 2017. Increases in both pending and closed sales can be attributed to the increases in new listings and inventory as compared with the same period last year except for homes priced under $235,000 where both closed and pending sales were down due to lack of new listings and "thinventory."

 

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 June 2018 increased 6.2% to 3.4 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 14.3%, but it's worth pointing out that new listings of affordable homes priced under $235,000 were down 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 June 2018 stood at just over $309,000 (up 6.3% versus June 2017), while the average sale price of a new construction home stood at $400,244 (up 6.7% versus June 2017). No wonder it's so hard to find homes in Indian Land under $250,000 (new or resale). For buyers looking for new construction, the difference in average price for resale homes versus new homes is just under $91,000. 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: May 2018

Indian Land Housing Market Update: April 2018

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

 

  

This Charlotte, North Carolina real estate monthly update for Indian Land, South Carolina is brought to you by Nina Hollander and Carolinas Realty Partners, RE/MAX Executive, your Charlotte metro area residential real estate experts and Indian Land specialists. 

 

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
2,952,089
Endre Barath, Jr.
Berkshire Hathaway HomeServices - Beverly Hills, CA
Realtor - Los Angeles Home Sales 310.486.1002

Nina, when Days on Market shrink and list to sale prices are virtually identical all I can say is you need to be on the listing side of a transaction, Endre

Jul 08, 2018 03:00 PM #3
Rainmaker
3,630,799
Dorie Dillard CRS GRI ABR
Coldwell Banker United Realtors® ~ 512.346.1799 - Austin, TX
Serving Buyers & Sellers in NW Austin Real Estate

Good evening Nina Hollander,

Thanks for keeping us updated on the Indian Land SC Housing market. Endre Barath, Jr. is right..definitely want to be listing these homes. Call Nina she knows the market!

Jul 08, 2018 03:20 PM #4
Rainmaker
2,706,249
Nina Hollander
Coldwell Banker Residential Brokerage | Charlotte, NC - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Endre Barath, Jr. hi Endre... for sure... the problem is convincing a home owner to sell... they are all concerned they won't be able to find or afford the next home.

Jul 08, 2018 03:28 PM #5
Rainmaker
2,706,249
Nina Hollander
Coldwell Banker Residential Brokerage | Charlotte, NC - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Dorie Dillard hi Dorie... no doubt... a good time to sell with so much demand. But sellers are very concerned about finding the next home (and rightly so).

Jul 08, 2018 03:29 PM #6
Ambassador
3,972,121
Debbie Reynolds
Platinum Properties - Clarksville, TN
Your Dedicated Clarksville TN Real Estate Agent

Nice video marketing, Nina. This has been a great year for sellers that price right and have their homes market ready.

Jul 08, 2018 06:54 PM #7
Rainmaker
2,706,249
Nina Hollander
Coldwell Banker Residential Brokerage | Charlotte, NC - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Debbie Reynolds good morning, Debbie. It has been a good year for sellers in our area, but then again, we are pretty much through our third good year for sellers.

Jul 09, 2018 03:53 AM #8
Rainmaker
1,259,183
Wayne and Jean Marie Zuhl
Samsel & Associates - Clark, NJ
The Last Names You'll Ever Need in Real Estate

Great info and a really impressive video as well!

Jul 09, 2018 04:04 AM #9
Rainmaker
2,706,249
Nina Hollander
Coldwell Banker Residential Brokerage | Charlotte, NC - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Wayne and Jean Marie Zuhl - thanks, Wayne and Jean Marie... always appreciate your taking time to pop by and leave me a comment. Wishing a wonderful week ahead!

Jul 09, 2018 05:42 AM #10
Rainmaker
4,617,688
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.

 

Jul 09, 2018 05:47 AM #11
Rainmaker
4,302,257
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 

Jul 09, 2018 06:49 AM #12
Rainmaker
2,839,480
Will Hamm
Hamm Homes - Aurora, CO
"Where There's a Will, There's a Way!"

Happy Monday Nina,  You are doing so good with the videos in your blogs.  Do you post them else where?

 

Jul 09, 2018 07:16 AM #13
Rainmaker
2,706,249
Nina Hollander
Coldwell Banker Residential Brokerage | Charlotte, NC - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Will Hamm they are posted on Youtube and all my social media accounts. Can't see that anyone ever really looks at them... I think this video business "rules" might just be a lot of hype about nothing!

Jul 09, 2018 09:00 AM #14
Rainmaker
1,690,490
Grant Schneider
Performance Development Strategies - Armonk, NY
Your Coach Helping You Create Successful Outcomes

Good morning Nina - well done video and the same story most places.  You really point out how affordable homes are almostly instantly being sold.  Someone selling a mega price mansion cannot expect the same.

Jul 09, 2018 09:01 AM #15
Rainmaker
2,706,249
Nina Hollander
Coldwell Banker Residential Brokerage | Charlotte, NC - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Gita Bantwal hi Gita... thanks for stopping by... wishing you a wonderful new week ahead! 

Jul 09, 2018 09:01 AM #16
Rainmaker
2,706,249
Nina Hollander
Coldwell Banker Residential Brokerage | Charlotte, NC - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Gabe Sanders hi Gabe... always, appreciate your taking time to pop by and leaving a comment. Happy Monday!

Jul 09, 2018 09:02 AM #17
Rainmaker
2,706,249
Nina Hollander
Coldwell Banker Residential Brokerage | Charlotte, NC - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Grant Schneider hi Grant... even though homes are more affordable then in the past, for entry level buyers there's so little inventory they can't take advantage of this fact and that's a shame.

Jul 09, 2018 09:03 AM #18
Rainmaker
2,218,948
Brian England
Arizona Focus Realty - Gilbert, AZ
MBA, GRI, REALTOR® Real Estate in East Valley AZ

Indian Land!!!  You asked why I liked it and I don't have a great answer to that, other than I liked the name, so I ran with it, haha.

Jul 09, 2018 10:34 AM #19
Rainmaker
1,183,210
Gene Mundt, IL/WI Mortgage Originator - FHA/VA/Conv/Jumbo/Portfolio/Refi
NMLS #216987, IL Lic. 031.0006220, WI Licensed. APMC NMLS #175656 - New Lenox, IL
708.921.6331 - 40+ yrs experience

Really like that you have your reports in video form, Nina Hollander ... all love that I've found you on Twitter and other social media formats online.  Keep the great info and reports coming!

Gene

Jul 09, 2018 11:26 AM #20
Rainmaker
2,706,249
Nina Hollander
Coldwell Banker Residential Brokerage | Charlotte, NC - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Brian England his Brian... well then, if you ever get over to Charlotte, we'll have drive over the border into Indian Land (was there just this morning filling the car with gas).

Jul 09, 2018 11:48 AM #21
Rainmaker
2,706,249
Nina Hollander
Coldwell Banker Residential Brokerage | Charlotte, NC - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Gene Mundt, IL/WI Mortgage Originator - FHA/VA/Conv/Jumbo/Portfolio/Refi  hi Gene... thank you! I do think you've made my day! I watch your tweets, as well, by the way.

Jul 09, 2018 11:49 AM #22
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