This Month In Real Estate: Fort Mill/Tega Cay, SC Update: Sept. 2018

By
Real Estate Agent with Coldwell Banker Realty

 

Fort Mill & Tega Cay, South Carolina Housing Market Update/Videos: September 2018

 

 

Homes for sale in Fort Mill, SCSeptember 2018 home sales in the Fort Mill/Tega Cay, South Carolina areas of the Charlotte, NC metro region begins the fall selling season continuing 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% to just under $331,000 compared with September 2017, while average days on market for property listings were 43 days, down 8.5% (4 days), and median days on market were just 14 days, down 26.3% (5 days) year-over-year. Price per square foot also increased by almost 1% to $128/square foot in September 2018 versus the same period in 2017.

 

Homes for sale in Tega Cay, SC

In Tega Cay,  home sale prices averaged just under $384,000 while average days on market increased to 70 and median days on market increased to 49.  Price per square foot in Tega Cay increased 2.2% to $138/square foot in September  2018.

 

Closed sales of homes in Fort Mill during September 2018 decreased 34.8% compared with the same period last year. In Tega Cay, closed sales increased by 11.5% versus September 2017. Pending sales in September 2018 were also up by 10.2% in Fort Mill and down 12.5% in Tega Cay versus September 2017. Lack of new inventory,no doubt, contibuted to these swings in pending and closed sales.

 

The median percent of original list price that sellers received for their homes was 97.5% in Fort Mill and 95.7% in Tega Cay, showing relatively little negotiating room for both Fort Mill and Tega Cay homes, although the negotiating factor increased somewhat for Tega Cay homes in September.

 

The Fort Mill/Tega Cay area's months supply of homes as compared with one year ago is 2.7 months (down 12.9%) and 2.9 months (down 19.4%) 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 down 18.1% in Fort Mill and down 48.9% in Tega Cay in September 2018. 

 

As we anticipate entering the fall 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 to 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: August 2018

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 

   

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

 

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, to 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 (12)

Roy Kelley
Retired - Gaithersburg, MD

Families moving to the area will appreciate your local market reports.

Oct 07, 2018 11:36 AM
Paul S. Henderson, REALTOR®, CRS
Fathom Realty Washington LLC - Tacoma, WA
South Puget Sound Washington Agent/Broker!

 I have you had to re-new and regenerate all your market reports since you moved Nina ?

Oct 07, 2018 05:43 PM
Debbie Reynolds, C21 Platinum Properties
Platinum Properties- (931)771-9070 - Clarksville, TN
The Dedicated Clarksville TN Realtor-(931)320-6730

You are providing some great information with your videos and market reports, Nina. Have a great week.

Oct 07, 2018 07:29 PM
Sheri Sperry - MCNE®
Coldwell Banker Realty - Sedona, AZ
(928) 274-7355 ~ YOUR Solutions REALTOR®

HI Nina Hollander - You do a great job of keeping your clients informed every month on the state of the market for Fort Mill and Tega Cay.  Have a great Sunday!

Oct 07, 2018 07:33 PM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Sheri Sperry - MCNE® thanks, Sheri. The biggest problem with these market reports is that once you start them you have to keep up or else they don't make sense.

Oct 07, 2018 08:21 PM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Paul S. Henderson, REALTOR®,CRS, hi Paul... I have not done that. It seems more work than is necessary. At the end of the day, if someone clicks through to my links they land on the newly relabeled page.

Oct 07, 2018 08:23 PM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Debbie Reynolds good morning, Debbie. Thanks. At my end of the world it's already Monday, so wishing you a lovely Monday!

Oct 07, 2018 08:24 PM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Roy Kelley good morning, Roy, and thank you. Trust you had a nice weekend... happy Monday!

Oct 07, 2018 08:25 PM
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 Fort Mill & Tega Cay real estate market in South Carolina.

Oct 08, 2018 04:51 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Gabe Sanders good morning, Gabe... great to see you even all the way from Russia! See you soon, again from Charlotte.

Oct 08, 2018 11:01 PM
Lawrence "Larry" & Sheila Agranoff. Cell: 631-805-4400
The Top Team @ Charles Rutenberg Realty 255 Executive Dr, Plainview NY 11803 - Plainview, NY
Long Island Condo and Home Specialists

This is good news for sellers in the Fort Mill/Tega Cay, South Carolina neighborhoods, and when they are ready to sell, calling Nina Hollander will be the smart move!

Oct 09, 2018 04:28 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Lawrence "Larry" & Sheila Agranoff. Cell: 631-805-4400 hi SHeila and Larry... I just wish these people would smarten up already! 

Oct 09, 2018 05:13 AM