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

By
Real Estate Agent with Coldwell Banker Realty

 

Fort Mill & Tega Cay, South Carolina Housing Market Update: June 2018

 

 

Homes for sale in Fort Mill, SCJune 2018 home sales in the Fort Mill/Tega Cay, South Carolina areas of the Charlotte, NC metro region continued the trends we've seen throughout 2018 and since 2016 with downward pressure on closed and pending sales, as inventory remained tight  and as "affordable" homes become increasingly harder to find.

 

 

 

 

 

 

The average sale price of Fort Mill area homes increased by 4.9% to just over $331,000 compared with June 2017, while average days on market for property listings were 51 days. Price per square foot also increased by 4.8% to $130/square foot in June 2018 versus the same period in 2017.

 

Homes for sale in Tega Cay, SC

In Tega Cay, average home sale prices increased 0.6% to just under $341,000 versus June 2017, while days on market were 65.  Price per square foot in Tega Cay increased by 7.1% to $136/square foot in June 2018.

 

Closed sales of homes in Fort Mill during June 2018 decreased by 6.7% compared with the same period last year. In Tega Cay, closed sales decreased by 8.4% versus June 2017. Pending sales in June 2018 were also down 4.1% in Fort Mill and 3.1% in Tega Cay versus June 2017. To some degree this can be attributed to the decrease in overall inventory and to some degree 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 97.8% in Fort Mill and 97.1% 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 4 months, respectively--indicating predominantly a seller's market in the Fort Mill/Tega Cay areas of South Carolina. New listings increased a scant 0.8% in Fort Mill and up 8.8% in Tega Cay in June 2017. 

 

Based on trends we've seen in 2018 to-date, 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: May 2018

Fort Mill/Tega Cay Housing Market Update: April 2018

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

 

   

This Charlotte, North Carolina real estate monthly update for Fort Mill and Tega Cay, SC is provided by  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

 

 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)

Bob "RealMan" Timm
Ward County Notary Services - Minot, ND
Owner of Ward Co Notary Services retired RE Broker

Impressive numbers once again Nina Hollander . Knowing your level of professionalism I have no doubt that the shortage of inventory is hardly slowing you down if even at all. More likely you are causing the shortage by being red hot on the sales team. 

Jul 09, 2018 12:14 PM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Bob "RealMan" Timm hi Bob... the lack of inventory is very much slowing my sales down... if there's nothing to buyer my buyers can't write a contract. The sales ultimately happen but I am spending way more time with each buyer than I used to.

Jul 09, 2018 01:28 PM
Bob "RealMan" Timm

" I am spending way more time with each buyer". So I definitely need to tell you I'm a buyer when I show up at your door Nina Hollander  .

Jul 09, 2018 01:55 PM
Nina Hollander, Broker

Bob "RealMan" Timm as the Irish would say, Bob, "get on with ya."

Jul 09, 2018 04:38 PM
Beth Atalay
Cam Realty and Property Management - Clermont, FL
Cam Realty of Clermont FL

Hi Nina Hollander, my local market is very similar to yours. Finding homes in the affordable range are becoming harder each day and when you find them, there are usually multiple offers. 

Jul 09, 2018 02:24 PM
Paul S. Henderson, REALTOR®, CRS
Fathom Realty Washington LLC - Tacoma, WA
South Puget Sound Washington Agent/Broker!

You sure cover Charlotte North Carolina and all it's bedroom communities, Nina.

 

 

I hope you're having an awesome day Nina.

Jul 09, 2018 03:36 PM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Beth Atalay hi Beth... I've seen all kinds of cycles in 25 years, but I have to admit I've never see quite anything like this level of low inventory with so much buyer demand. And it's so frustrating for entry level buyers.

Jul 09, 2018 04:39 PM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Paul S. Henderson, REALTOR®,CRS, hi Paul... my day has been busy... thankfully, it's essentially over now! Now I get to look forward to another crazy day tomorrow! 

Jul 09, 2018 04:40 PM
Paul S. Henderson, REALTOR®, CRS

We should all be that crazy and successful Nina! 


 

Jul 09, 2018 04:43 PM
Nina Hollander, Broker

Paul S. Henderson, REALTOR®,CRS, hi Paul... the older I get, the more I look forward to a touch less craziness!

Jul 10, 2018 10:18 AM
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 10, 2018 07:01 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Gita Bantwal thank you, Gita. Now when are you and Joan coming to visit me in Charlotte?

Jul 10, 2018 10:19 AM
Joyce Marsh
Joyce Marsh Real Estate LLC - Daytona Beach, FL
Joyce Marsh Real Estate LLC - Coast & Luxury

Buyer demand is up and inventory down.  Makes for a very interesting and challenging market doesn't it? 

Jul 11, 2018 09:26 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Joyce Marsh, Daytona Beach Florida hi Joyce... this all makes for an overly challenging market, unfortunately, especially for entry level buyers and buyers looking for homes under $250K.

Jul 11, 2018 10:35 AM
Roy Kelley
Retired - Gaithersburg, MD

Home sellers will be in very good hands when they select you as their listing agent.

Jul 11, 2018 04:42 PM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Roy Kelley thank you, Roy. I just wish there were a few more sellers out to put into my hands.. our thinventory is at critical levels.

Jul 12, 2018 04:56 AM