Fort Mill, SC Monthly Real Estate Report: January 2020

By
Real Estate Agent with Coldwell Banker Realty

 

Fort Mill, South Carolina Real Estate Report/Housing Market Snapshot: January 2020

 

Latest news on the Fort Mill real estate market and what it means for you...

 

The Fort Mill housing market (29715 and 29708 zip codes) remained a seller's market in January 2020, characterized by decreasing inventory, fewer new listings and lower months supply of housing (1.7 months, down from 2.3 months one year ago) compared with January 2019.

 

Pending sales increased 10.6% in Fort Mill in January 2020 compared with the same month one year ago. Closed sales dropped 36.7% in Fort Mill compared with the same month one year ago. Lack of inventory and fewer new listings were contributors to the weakness in closed sales.

 

New listings decreased 1.9% in Fort Mill. Housing inventory dropped 20.7% year-over-year.

 

Average days on market increased 10 days to 55 versus the same month one year ago. Median days on market were 38, also increasing 17 days versus the same month one year ago.

 

Sellers received 97.7% of list price, showing relatively little negotiating room for Fort Mill homes.

 

Average home sale prices increased 3.6% in January 2020 versus January 2019, while median home sale prices increased 7.2%. Average sale price was $343,216 and median sale price was $320,000. New construction remains a force in Fort Mill and in January the average cost of a new home at $481,217 was $164,320 higher than the average sale price of a resale home.

 

 

Want to know what this would mean for your family if you decide to buy or sell a Fort Mill home?

We can help.

Call us today at 704-779-0813 or contact us here.

There’s absolutely NO OBLIGATION. A consultation with Carolinas Realty Partners is FREE

 

 

 

MORE DETAILS ON HOW THE FORT MILL HOUSING MARKET PERFORMED IN JANUARY 2020

 

 

 FORT MILL HOUSING MARKET HIGHLIGHTS:

JANUARY 2020 VERSUS JANUARY 2019

 

Fort Mill, SC Housing Market Snapshot January 2020

 

 

Did you know... 

Fort Mill has been ranked as the #6 best Charlotte suburb to live in and #7 in the North Carolina region/area as a best suburb to live in?

Why not check out...

 

THE 10 HOTTEST FORT MILL/TEGA CAY, SC NEIGHBORHOODS 

 

Hot Fort Mill & Tega Cay SC Neighborhoods

 

 

 

SEARCH ALL FORT MILL, SC AREA HOMES HERE

 

 

 Fort Mill, SC Homes For Sale

 

 

 

 

  FREE Home Buyer Guide "Things To Consider When Buying A Home," 

 

 

WONDERING WHAT YOUR FORT MILL AREA HOME IS WORTH?

What's My Fort Mill Home Worth? 

 

Contact us if you'd like to receive our Neighborhood Analyzer Report on a monthly basis so you can keep track of home sales activity in your neighborhood.

We're happy to provide an expert home value analysis with no obligation on your part.

 

 FREE Home Seller Guide: "Things To Consider When Selling Your House"

 

 

THINKING OF SELLING YOUR HOME? CHECK OUT THE COLDWELL BANKER MARKETING ADVANTAGE 

 

 

ASK US ABOUT COLDWELL BANKER'S REALVITALIZE PROGRAM

 

RealVitalizeSM is an exclusive Coldwell Banker program that helps with improvements and repairs to prepare your home for sale. We cover upfront costs and get paid back when your home sells. No hidden fees, interest charges or markups.

 

Coldwell Banker RealVitalize Home Seller Program

 

 

 

MEDIAN HOME PRICE TRENDS IN FORT MILL, SC

 

 

 

 

This Charlotte, North Carolina real estate monthly update for Fort Mill, 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 specialists. We've been opening doors for Fort Mill  home buyers and sellers for 20+ years.

 

If you're considering selling or purchasing a home in the Fort Mill area or anywhere in the Charlotte metro region, 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."

 

Great Homes In Charlotte

 

Previous Fort Mill, SC Housing Market Updates:

Fort Mill Housing Market Update: December 2019

Fort Mill Housing Market Update: November 2019

Fort Mill Housing Market Update: October 2019

Fort Mill Housing Market Update: September 2019

Fort Mill Housing Market Update: August 2019

Fort Mill Housing Market Update: July 2019

Fort Mill Housing Market Update: June 2019

Fort Mill Housing Market Update: May 2019

Fort Mill Housing Market Update: April 2019

Fort Mill Housing Market Update: March 2019

Fort Mill Housing Market Update: February 2019

 

 

 

First published at:  https://www.greathomesincharlotte.com

 

Posted by

 

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 - 2019 Charlotte Magazine 5-Star Customer Satisfaction Award Winner

 

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Oh by the way, I'm never too busy for any of your referrals!

 

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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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Tags:
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Rainmaker
3,493,893
Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

Good morning Nina. It seems like many of us across the country are jealous of the market being enjoyed by Richard Weeks. Listings up, price corrections up and pendings strong! Hang in there as I know you will do! 

Feb 27, 2020 05:16 AM #1
Rainmaker
3,379,350
Nina Hollander
Coldwell Banker Realty - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Wayne Martin hi Wayne... as I often tell me clients... we need to focus on what we can control and not focus on things we can't control such as buyer demand, inventory levels, interest rates, etc.

Feb 27, 2020 05:25 AM #2
Rainmaker
2,805,468
Brian England
Arizona Focus Realty - Gilbert, AZ
MBA, GRI, REALTOR® Real Estate in East Valley AZ

For anyone wanting to move to the Fort Mill area, the first call they should make is to you!

Feb 27, 2020 06:42 AM #3
Rainmaker
3,379,350
Nina Hollander
Coldwell Banker Realty - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Brian England thanks, Brian. I do try hard to keep up with all the Fort Mill happenings.

Feb 27, 2020 06:58 AM #4
Rainmaker
4,745,188
Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding, Marketing & Strategy

Nina,

I think that times like these is when the real pros stand out from everyone else.  There is always a silver lining to any condition.  Happy Thursday, A

Feb 27, 2020 07:00 AM #5
Rainmaker
3,379,350
Nina Hollander
Coldwell Banker Realty - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Ron and Alexandra Seigel hi Alexandra... as they say... when life gives you lemons make lemonade... It's all about being aware of market conditions and adapting to them.

Feb 27, 2020 07:02 AM #6
Rainmaker
1,341,101
Sheri Sperry - MCNE®
Coldwell Banker Realty - Sedona, AZ
(928) 274-7355 ~ YOUR Solutions REALTOR®

Hi Nina Hollander 

It takes an expert to navigate a Fort Mill SC sellers' market and you are the one that fits the bill. 

Feb 27, 2020 07:59 AM #7
Rainmaker
3,379,350
Nina Hollander
Coldwell Banker Realty - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Sheri Sperry - MCNE® thanks, Sheri. People have been flocking to Fort Mill for years and it's a very important market for the Charlotte region.

Feb 27, 2020 08:26 AM #8
Rainmaker
2,684,377
Myrl Jeffcoat
GreatWest Realty - Sacramento, CA
Greater Sacramento Real Estate Agent

Fort Mill home buyers and sellers are certain to appreciate your January market report, Nina.

Feb 27, 2020 12:28 PM #9
Rainmaker
3,379,350
Nina Hollander
Coldwell Banker Realty - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Myrl Jeffcoat hi Myrl... thanks, as always, for stopping by and taking time to leave me a comment.

Feb 27, 2020 02:29 PM #10
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Rainmaker
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Nina Hollander

Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor
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