This Month In Real Estate: Indian Land (29707 Zip Code): Sept. 2018

By
Real Estate Agent with Coldwell Banker Realty

 

Indian Land, SC Housing Market Update & Video:

September 2018

 

September 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, as well as of inventory in general.

 

 

 

The average sale price of homes sold in the Indian Land area (29707 zip code) in September 2018 increased 2.7% to just over $321,000 compared with September 2017. The median price of homes sold in September increased 9.7% to $317,000 year-over-year.

 

Average days on market for property listings were 43, down 11 days; median days on market were just 16 days (also down 11 days) in September 2018.  However, "affordable" and much in demand resale homes priced under $235,000 saw just 23 average days on market.

 

Price per square foot also increased by 10.6% to an average of $136/square foot during September. 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. In fact, the difference in the average price of an Indian Land home and a Fort Mill home in September 2018 was less than $10,000. 

 

Closed sales of homes in Indian Land increased 16.9% versus September 2017. However, pending sales were down 24.7% most likely due to a drop in new listings of 42.8% during September.

 

The Indian Land area's months supply of homes in September 2018 decreased 25% to 3.0 months versus one year ago. 

 

New construction remains a factor in Indian Land and it's worth noting that new construction homes are selling at almost $92,000 more, on average, than resale homes at just over $400,000.

 

The median percent of original list price that sellers received for their homes was 98.3%, indicating minimal negotiating room for Indian Land homes.

 

 

CHECK OUT THE 10 HOT INDIAN LAND, SC NEIGHBORHOODS TO BE WATCHING IN 2018

 

 

10 Hot Indian Land, SC Neighborhoods

   

SEARCH ALL INDIAN LAND, SC HOMES FOR SALE

 

Free home listing alerts from greathomesincharlotte.com

  

WONDERING WHAT YOUR INDIAN LAND, SC AREA HOME IS WORTH?

  

 

Instant home valuation from greathomesincharlotte.com

 

 

Previous Indian Land, SC Housing Market Updates:

Indian Land Housing Market Update: August 2018

Indian Land Housing Market Update: July 2018

Indian Land Housing Market Update: June 2018

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

 

This Charlotte, North Carolina real estate monthly update for Indian Land, South Carolina is provided by Nina Hollander and Carolinas Realty Partners  with Coldwell Banker Residential Brokerage, your Charlotte metro area residential real estate experts and Indian Land specialists. We've been opening doors for Indian Land home buyers and sellers for 20 years.

 

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 show you how:

 "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 (18)

Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

Good morning Nina. Like many other areas, Indian Land affordable homes are buckling due to competition. Thanks for the update. Enjoy your day!

Oct 07, 2018 05:11 AM
Lise Howe
Keller Williams Capital Properties - Washington, DC
Assoc. Broker in DC, MD, VA and attorney in DC

Thanks for sharing with us the market report for Indian Land 29707 - have a great week

Oct 07, 2018 06:11 AM
Jim Crawford
Maximum One Executive REALTORS® - Atlanta, GA
Jim Crawford Atlanta Best Listing Agents & REALTOR

Nina Hollander Thank you for preparing and sharing this information.  Very professional. This is perfect for buyers and sellers trying to make informed decisions.

Oct 07, 2018 06:26 AM
Patricia Feager, MBA, CRS, GRI,MRP
DFW FINE PROPERTIES - Flower Mound, TX
Selling Homes Changing Lives

Nina Hollander - With so many apartments now in every major city, it is important for first time home buyers and people who must live within their budgets to find affordable housing. Indian Land Housing sounds perfect!!!

Oct 07, 2018 07:35 AM
Dorie Dillard Austin TX
Coldwell Banker Realty ~ 512.750.6899 - Austin, TX
NW Austin ~ Canyon Creek and Spicewood/Balcones

Good morning Nina Hollander,

Indian Land in SC sounds like an affordable alternative for housing. First time home buyers must be excited to find something within their budget.

Oct 07, 2018 07:53 AM
Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding, Marketing & Strategy

Nina,

It seems that affordable housing is a theme that is repeated over and over again in different geographic areas around the country.  There are still affordable places in California where there are very few jobs available, which makes them worthless in the long run, because the commute is unbearable.   I am predicting a continuing shift in population and a realignment.  A

 

Oct 07, 2018 08:48 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 

Oct 07, 2018 09:35 AM
Roy Kelley
Retired - Gaithersburg, MD

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

Oct 07, 2018 11:37 AM
Brian England
Arizona Focus Realty - Gilbert, AZ
MBA, GRI, REALTOR® Real Estate in East Valley AZ

Indian Land, Indian Land, can you tell that I am always excited to hear about what is going on in Indian Land!

Oct 07, 2018 02:38 PM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Brian England good morning, Brian... always think of you when I do my Indian Land reports! Happy Monday!

Oct 07, 2018 08:29 PM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Gita Bantwal good morning, Gita... thank you. Wishing you a happy Monday and good week ahead.

Oct 07, 2018 08:30 PM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Ron and Alexandra Seigel hi Alexandra... same here... if it's really affordable it's located in an area that is not conducive to commuting and easy access to much of anything.

Oct 07, 2018 08:31 PM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Dorie Dillard CRS GRI ABR good morning, Dorie... while Indian Land is more affordable than some other parts of the Charlotte metro area and was a "haven" for first time buyers... it's not so much any more, unfortunately.

Oct 07, 2018 08:32 PM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Patricia Feager hi Patricia... new apartment construction isn't making a real dent in our lack of affordable housing...it's expensive and not very conducive for families.

Oct 07, 2018 08:34 PM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Jim Crawford thanks, Jim. With so much money at stake and when there's so much information available it makes no sense fort a buyer to seller to make decisions in a vacuum.

Oct 07, 2018 08:35 PM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Lise Howe thanks, Lise... wishing you a great week ahead, as well, and hopefully following a great weekend.

Oct 07, 2018 08:36 PM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Wayne Martin hi Wayne... that's for certain... it's a real headache finding affordable housing these days, especially for first-time buyers.

Oct 07, 2018 08:37 PM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Roy Kelley thanks, Roy.... I just wish there were more Indian Land homeowners thinking about sellling. Many are afraid they won't find an affordable home to go to if they sell.

Oct 07, 2018 08:38 PM