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This Month In Real Estate: Fort Mill/Tega Cay, SC Update-November 2018

By
Real Estate Agent with Coldwell Banker Realty 179530

 

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

 

 

November 2018 home sales report for the Fort Mill and Tega Cay, South Carolina (29715 and 29708 zip code areas) in the Charlotte, NC metro region. Fort Mill and Tega Cay, South Carolina housing markets remained seller markets in November 2018, characterized by steadily increasing home prices and tight inventory with months supply of housing in both areas dropping along with the days on market. Pending and closed sales both up in November, as were new listings.

 

 

Fort Mill, SC Housing Market Video Update: November 2018

 

 

 

 

  • The average sale price of Fort Mill area homes increased by 12.7% to just under $359,00 compared with November 2017.

  • Average days on market for Fort Mill property listings were 54 days, down one day compared with last year.

  • Median days on market in Fort Mill were 28 days, a decrease of one day compared with one year ago.

  • Price per square foot  for Fort Mill homes was $131/square foot in November 2018. 

  • Closed sales of homes in Fort Mill during November 2018 increased by 8.3% compared with the same period last year. 

  • Pending sales in November 2018 were up 32.2% in Fort Mill. 

  • The median percent of original list price that sellers received for their homes was 97.6% in Fort Mill, indicating minimal negotiating room. 

  • Months supply of homes dropped to 2.5 months, indicating predominantly a seller's market in Fort Mill with inventory of homes dropping by 5.3%.

  • New listings were up 13.4% in Fort Mill in November 2018. No doubt this contributed to the positive pending and closed sales in November 2018, despite tight inventory overall.


Tega Cay, SC Housing Market Video Update: November 2018

 

 

  • Home sale prices averaged just under $372,000 for Tega Cay homes.

  • Median home sale prices were up 8.7% versus last year at $376,000.

  • Average days on market were 78, increasing by 5 days compared with one year ago.

  • Median days on market in Tega Cay were 33 days, increasing by 16 days versus one year ago.  

  • Price per square foot in Tega Cay increased by 10.4% to $138/square foot in November 2018.  

  • Closed sales in Tega Cay decreased 14.8% versus November 2017. (Blame low inventory, fewer new listings.)

  • Pending sales were up by 40% in Tega Cay versus November 2017. 

  • The median percent of original list price that sellers received for their homes in Tega Cay was 96.6%, showing some "wiggle room" in negotiations, but not a lot. 

  • Months supply of homes as compared with one year ago is 2.6 months, down 1.3 months compared with one year ago. 

  • Inventory of homes was down by double-digits in November 2018, down 27.4%.

  • New listings were up 13.6% in Tega Cay in November 2018.


CHECK OUT THE 10 HOTTEST FORT MILL, SC NEIGHBORHOODS TO BE WATCHING 

 

SEARCH ALL FORT MILL, SC AREA HOMES HERE

 

WONDERING WHAT YOUR FORT MILL AREA HOME IS WORTH?

 

SEARCH ALL TEGA CAY, SC AREA HOMES HERE

 

 

WONDERING WHAT YOUR TEGA CAY AREA HOME IS WORTH?

 

This Charlotte, North Carolina real estate monthly update for Fort Mill and Tega Cay, SC is provided by  Nina Hollander and Carolinas Realty Partners, Coldwell Banker Residential Brokerage, 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 areas or anywhere in the Charlotte metro region, 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."

 

Previous Fort Mill & Tega Cay, SC Housing Market Updates:

Fort Mill/Tega Cay Housing Market Update: October 2018

Fort Mill/Tega Cay Housing Market Update: September 2018

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

 

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

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
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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 (14)

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 keeping us updated about the Fort Mill & Tega Cay, South Carolina real estate market.

Dec 13, 2018 04:40 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Gabe Sanders thanks, Gabe, for stopping by. Two more of these to go this month and then (finally) done for the month!

Dec 13, 2018 05:19 AM
Norma J. Elkins
Elite Realty Group - Morristown, TN
Realtor - Elkins Home Selling Team

It is always a very good thing to be able to provide your clients with market reports.  Not only do stay informed, your clients know that you are well prepared and keeping up with the market.  Thanks for sharing!

Dec 13, 2018 05:29 AM
Roy Kelley
Retired - Gaithersburg, MD

Families on the move will appreciate your local market reports.

Dec 13, 2018 06:32 AM
Paul S. Henderson, REALTOR®, CRS
Fathom Realty Washington LLC - Tacoma, WA
South Puget Sound Washington Agent/Broker!

Your market still seems to be very healthy Nina Hollander unlike others that I have seen lately....

Dec 13, 2018 06:51 AM
Scott Godzyk
Godzyk Real Estate Services - Manchester, NH
One of the Manchester NH's area Leading Agents

Good Morning Nina Hollander , i do hope it has warmed up for you. Have a good Thursday. Still cold here but warming up Saturday

Dec 13, 2018 06:55 AM
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Nina, that is still a huge increase in home values, and can see why this area of Charlotte is so popular.

Dec 13, 2018 08:11 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Joan Cox hi Joan... great schools, lower taxes, proximity to Lake Wylie and easy commutes to uptown Charlotte and Ballantyne makes these two areas very popular.

Dec 13, 2018 08:52 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Scott Godzyk hi Scott... back up to 50 degrees... so I'm a happy camper after the low 30's we were seeing.

Dec 13, 2018 08:53 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Paul S. Henderson, REALTOR®, CRS hi Paul... overall sales have been sluggish in December (part of it is holiday season), but we still have a lot of people moving here looking for houses and low inventory is keeping prices up.

Dec 13, 2018 08:54 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Norma J. Elkins thanks, Norma... to be honest, I've yet to actually have a client comment or compliment me on one of my market reports! I send them reports on their subdivisions twice a month all year long and that's really all they are usually interested in (their own neighborhood). I do this more for street cred with people who come onto my website searching for homes.

Dec 13, 2018 08:55 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Roy Kelley thanks, Roy. Always appreciate your taking time to stop by my market reports. Happy Thursday!

Dec 13, 2018 08:56 AM
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

Nice, Increasing home prices is always good news like what's happening at Fort Mill and Tega Cay, South Carolina

Dec 13, 2018 09:19 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... the only problem with increasing home prices in areas like this is that they are increasingly becoming less affordable... and they initially grew because they were affordable.

Dec 13, 2018 09:34 AM