Indian Land (29707 Zip Code) Monthly Real Estate Report: February 2020

By
Real Estate Agent with Coldwell Banker Realty
https://activerain.com/droplet/5mG9

 

Indian Land, SC Real Estate Report & Housing Market Snapshot: January 2020

 

Latest news on the Indian Land real estate market and what it means for you...

 

Indian Land, SC (29707 zip code) real estate report/snapshot for February 2020. The Indian Land housing market remains a seller's market with just 2.1 months supply of inventory overall, down 30% from 3 months in February 2019. Housing inventory was down 17.1% in February, overall, with resale inventory down 33.3% to only 1.4 months of supply. New construction inventory stood 2.8 months. The drop in housing inventory is despite an increase in new listings of 31.3%.

 

Both average and median sale prices increased in Februaryto $340,973 and $329,000, respectively. Average sale prices increased 10.3% year-over-year and median sale prices increased 8.6% year-over-year. Resale home prices increased 9.9% year-over-year.

 

Both closed sales and pending sales increased significantly in February... closed sales by 49.1% and pending sales by 28% versus February 2019. An increase in new listings no doubt contributed to the increased sales.

 

Average days on market decreased to 55 days (down 15 days year-over-year) and decreased 12 days month-over-month.  Median days on market were 42 days (down 8 days year-over-year). 

 

With home sellers receiving 98.1% of asking price in sale price, there was only a small negotiating opportunity for home buyers. 

 

 

  

Want to know what this would mean for your family if you decide to buy or sell an Indian Land area 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 INFORMATION ON THE INDIAN LAND, SC HOUSING MARKET'S PERFORMANCE IN FEBRUARY 2020

 

 

 Indian Land Housing Market Highlights

February 2020 Versus February 2019

 

Indian Land SC (29707 Zip Code) Housing Market Update: February 2020 

 

 

 

 14 HOT INDIAN LAND NEIGHBORHOODS 

 

 

 

 

 

SEARCH ALL INDIAN LAND, SC HOMES FOR SALE

 

Search for Indian Land Homes For Sale

 

 

 

  

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

 

 

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

 

If you're thinking about selling your Indian Land area home, let's get together and discuss the supply conditions in Indian Land neighborhoods and how we can assist you in gaining access to buyers who area ready, willing, and able to buy now.

   

 

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 

 

 

MEDIAN HOME PRICE TRENDS IN INDIAN LAND, SC

 

 

 

 

This Charlotte, North Carolina monthly real estate update for Indian Land, South Carolina is provided  by Nina Hollander and Carolinas Realty Partners, 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're 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, to exceed your expectations, and to show you how:

 "The Right Broker Makes All The Difference." 

 

  

Great Homes In Charlotte

 

 

Previous Indian Land, SC Housing Market Updates:

 

Indian Land Housing Market Update: January 2020

Indian Land Housing Market Update: December 2019

Indian Land Housing Market Update: November 2019

Indian Land Housing Market Update: October 2019

Indian Land Housing Market Update: September 2019

Indian Land Housing Market Update: August 2019

Indian Land Housing Market Update: July 2019

Indian Land Housing Market Update: June 2019

Indian Land Housing Market Update: May 2019

Indian Land Housing Market Update: April 2019

Indian Land Housing Market Update: March 2019

Indian Land Housing Market Update: February 2019

 

 

Original  blog post can be read at: 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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Rainmaker
3,555,240
Michael Jacobs
Pasadena, CA
Los Angeles Pasadena 818.516.4393

Hello Nina - it will be interesting to see how real estate markets like Indian Land 29707 "behave" as things eventually settle.  As we know, real estate like life continues albeit somewhat differently.  

Mar 21, 2020 08:36 AM #1
Ambassador
1,981,498
Debb Janes EcoBroker and Bernie Stea JD
ViewHomes of Clark County - Nature As Neighbors - Camas, WA
REALTORS® in Clark County, WA

I was thinking the same thing as Michael, it will be interesting to see how our markets shake out. Our RMLS just issued a report showing a dramatic decline in showings this past week. We are noticing it too. Many folks are worried, or heeding the advice to stay home as much as possible. 

Mar 21, 2020 09:08 AM #2
Rainmaker
1,707,045
Jeremy K. Frost
Keller Williams Realty - Dripping Springs, TX
Associate Broker, CNE, CRS, ePro, PSA

Thank you for keeping us posted and up to date. Best of luck!

Mar 21, 2020 09:55 AM #3
Rainmaker
4,742,425
Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding, Marketing & Strategy

Nina,

Another stellar report of yours...

I am wondering if your area is as quiet as ours.  This morning on the way to the Farmers Market, there were hardly any cars on the freeway.  The parking lot was 1/4 full.    We have a beautiful day, and we are going to see how the baby seals are faring later on this afternoon.  A

Mar 21, 2020 11:07 AM #4
Rainmaker
3,376,242
Nina Hollander
Coldwell Banker Realty - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Ron and Alexandra Seigel hi Alexandra... it's very quiet here on the whole. The large supermarkets have cars in the parking lots early in the morning... but otherwise it feels very odd. Have had no reason to get on any highways, but suspect they are quite empty as well.

Mar 21, 2020 11:20 AM #5
Rainmaker
3,376,242
Nina Hollander
Coldwell Banker Realty - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Debb Janes EcoBroker and Bernie Stea JD hi Debb... I'm waiting for our last week reports to come out to see how activity has been impacted. But I can sense that things are very quiet. Last week our company was "suggesting" we not go to the office, not hold open houses, etc. Today, the word came down that it's an "order" not to do these things and if we show property to do it virtually as much as humanly possible.

Mar 21, 2020 11:22 AM #6
Rainmaker
3,376,242
Nina Hollander
Coldwell Banker Realty - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Michael Jacobs hi Michael... I, for one, will be watching the market like a hawk!

Mar 21, 2020 11:23 AM #7
Rainmaker
3,376,242
Nina Hollander
Coldwell Banker Realty - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Jeremy K. Frost hi Jeremy... thanks for popping by. Trust you are staying well and safe.

Mar 21, 2020 11:24 AM #8
Rainmaker
4,742,425
Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding, Marketing & Strategy

Nina,

It amused us that when we passed Trader Joe's this morning, the line was litterally around a long block.  Down the street there is a little market called Tri-County Produce--no lines lots of fruit and veggies, and lots of grass feed organic beef, fish, chicken etc...It is a bit of more expensive than TJ's, a dollar or two more.  We went in to pick up a few things, and were out in 10 miniutes.   And the same was at our local market...LOL A

Mar 21, 2020 11:27 AM #9
Rainmaker
4,742,425
Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding, Marketing & Strategy

And one more thing,

Happy Birthday Nina.  Wishing you a great celebration, and congratualtions on your 39th birthday.  Time to pop out the champagne,  Ron and I will drink a toast to your health and happiness, with our favorite toast, "Salute to love and money and the time to enjoy it!  R&A

Mar 21, 2020 11:30 AM #10
Rainmaker
3,376,242
Nina Hollander
Coldwell Banker Realty - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Ron and Alexandra Seigel hi Alexandra... I do think you meant to say happy 30+ anniversary of my 39th birthday! :) Thank you for the good wishes, the beautiful tulips, and the toast! (Might be the quietest birthday I've had in forever this year!)

Mar 21, 2020 11:48 AM #11
Rainmaker
3,376,242
Nina Hollander
Coldwell Banker Realty - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Ron and Alexandra Seigel I scored some tp at Walmart this morning... but the line to check out was long. Not so much at Harris Teeter when I stopped in there.

Mar 21, 2020 11:49 AM #12
Rainmaker
4,742,425
Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding, Marketing & Strategy

Nina,

Perhaps you will hear our clinking glasses around six this evening PST.  We will be toasting you!  A

Mar 21, 2020 11:52 AM #13
Rainmaker
3,376,242
Nina Hollander
Coldwell Banker Realty - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Ron and Alexandra Seigel I'll keep my ears open and will let Bingo know... his hearing is way better than mine!

Mar 21, 2020 12:06 PM #14
Rainmaker
3,105,875
James Dray
Fathom Realty - Bentonville, AR
Exceptional Agents, Outstanding Results

Morning Nina.

A 10.3% increase is impressive, that's more of an increase then what we have around my area.  

Mar 22, 2020 01:02 AM #15
Rainmaker
3,376,242
Nina Hollander
Coldwell Banker Realty - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

James Dray hi James... Indian Land is a hot, hot, hot area... of course, I'll be monitoring those numbers for March... will be interesting to see the impact of corona virus on March numbers.

Mar 22, 2020 05:21 AM #16
Rainmaker
2,802,261
Brian England
Arizona Focus Realty - Gilbert, AZ
MBA, GRI, REALTOR® Real Estate in East Valley AZ

Your report on Indian Land never disappoints and I am sure that I am not the only one that looks forward to it.

Mar 22, 2020 05:34 AM #17
Rainmaker
3,376,242
Nina Hollander
Coldwell Banker Realty - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Brian England Good morning, Brian.... I comforted to know that I have an audience of one (you) at the very least! :)

Mar 22, 2020 05:42 AM #18
Rainmaker
2,682,974
Myrl Jeffcoat
GreatWest Realty - Sacramento, CA
Greater Sacramento Real Estate Agent

Indian Land home buyers and sellers are sure to appreciate your real estate market report, Nina.

Mar 22, 2020 07:21 PM #19
Rainmaker
3,376,242
Nina Hollander
Coldwell Banker Realty - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Myrl Jeffcoat good morning, Myrl... thanks for popping by... trust you are surviving all this enforced isolation.

Mar 23, 2020 05:03 AM #20
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