Fort Mill/Tega Cay, SC Housing Market Update And Video: August 2018

By
Real Estate Agent with Coldwell Banker Residential Brokerage

 

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

 

 

Homes for sale in Fort Mill, SCAugust 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 steadily increasing home prices as inventory remains tight and as "affordable" homes become increasingly harder to find.

 

 

 

 

The average sale price of Fort Mill area homes increased by 4.1% to just under $341,000 compared with August 2017, while average days on market for property listings were 42 days, down 12.5%, and median days on market were just 17 days. Price per square foot also increased by 6.3% to $135/square foot in August 2018 versus the same period in 2017.

 

Homes for sale in Tega Cay, SC

In Tega Cay,  home sale prices averaged just under $347,000 while average days on market were 46, down 35.2%, and median days on  market were 25.  Price per square foot in Tega Cay remained "steady" at $143/square foot in August 2018.

 

Closed sales of homes in Fort Mill during August 2018 increased by 9.3% compared with the same period last year. In Tega Cay, closed sales increased by 2.9% versus August 2017. Pending sales in August 2018 were also up by 2.1% in Fort Mill and up by 6.3% in Tega Cay versus August 2017. 

 

The median percent of original list price that sellers received for their homes was 98% in Fort Mill and 97.2% 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 (down 3.4%) and 4 months (down 17.9%) compared with one year ago, respectively--indicating predominantly a seller's market in the Fort Mill/Tega Cay areas of South Carolina. New listings were up slightly by 1.1% in Fort Mill and down 27.8% in Tega Cay in August 2018. 

 

As we finish out the summer selling season and anticipate the fall, 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.

 

 

CHECK OUT THE 10 HOTTEST NEIGHBORHOODS TO WATCH IN FORT MILL IN 2018

 

   

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: July 2018

Fort Mill/Tega Cay Housing Market Update: June 2018

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

 

   

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're considering selling or purchasing a home in the Fort Mill/Tega Cay/Charlotte metro area, I'd love an opportunity to earn your business, exceed your expectations, and to show you how:

 "The Right Broker Makes All The Difference."

 

 

Originally published at: https://greathomesincharlotte.com/housing-market-reports-updates/fort-mill-tega-cay-sc-housing-report-videos-august-2018/ 

 

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SEARCH ALL CHARLOTTE METRO AREA HOMES HERE

 

 Nina Hollander, RE/MAX Broker, Realtor

 

 

 

 

 

 

Nina Hollander

Broker, Realtor, MBA, 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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fort mill tega cay housing market report and videos august 2018

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Rainmaker
1,175,842
Sheri Sperry - MCNE®
Coldwell Banker Residential Brokerage - Sedona, AZ
(928) 274-7355 ~ YOUR Solutions REALTOR®

Hi Nina Hollander - You are providing a lot of great info on Fort Mill and 

Tega Cay for your clients.  They should call you for their real estate needs.

Sep 10, 2018 04:38 PM #1
Rainmaker
1,579,441
Bob "RealMan" Timm
Ward County Notary Services - Minot, ND
Owner of Ward Co. Notary Services, retired Realtor

Thanks for the report Nina Hollander .

Sep 10, 2018 07:08 PM #2
Rainmaker
3,017,440
Nina Hollander
Coldwell Banker Residential Brokerage - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Sheri Sperry - MCNE® thanks, Sheri. Trust you are doing well... we are in some preliminary preparations for Florence in case Charlotte gets hit harder than expected.

Sep 11, 2018 03:14 AM #3
Rainmaker
3,017,440
Nina Hollander
Coldwell Banker Residential Brokerage - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Bob "RealMan" Timm thanks, Bob, for stopping by. Trust your week has gotten off to a great start.

Sep 11, 2018 03:15 AM #4
Rainmaker
4,432,093
Gita Bantwal
RE/MAX Centre Realtors - Warwick, PA
REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel

You always provide good information about the housing market  in your area. Thank you for sharing.

Sep 11, 2018 04:20 AM #5
Rainmaker
5,310,527
Roy Kelley
Realty Group Referrals - Gaithersburg, MD

Families on the move will love your local community reports.

Sep 11, 2018 07:30 AM #6
Rainmaker
4,041,657
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Nina, valuable information for those buyers and sellers wanting updated information on Fort Mill & Tega Cay.   

Sep 11, 2018 07:55 AM #7
Rainmaker
3,017,440
Nina Hollander
Coldwell Banker Residential Brokerage - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Gita Bantwal hi Gita... thanks for stopping by. Hope you are having a good day today.

Sep 11, 2018 09:35 AM #8
Rainmaker
3,017,440
Nina Hollander
Coldwell Banker Residential Brokerage - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Roy Kelley hi Roy... thanks. I just wish a few sellers would decide to list their homes!

Sep 11, 2018 09:35 AM #9
Rainmaker
3,017,440
Nina Hollander
Coldwell Banker Residential Brokerage - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Joan Cox hi Joan... I find that people seem to go through life thinking they know what's happening in the market, but really not knowing much at all. 

Sep 11, 2018 09:36 AM #10
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Rainmaker
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