Fort Mill, SC Monthly Real Estate Report: February 2020

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

 

Fort Mill, South Carolina Real Estate Report/Housing Market Snapshot: February 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 February 2020, characterized by decreasing inventory, fewer new listings, lower days on market and lower months supply of housing (1.6 months down from 2.4 months one year ago) compared with February 2019.

 

Pending sales increased 4.9% in February. Closed sales dropped 2% year-over-year in February, mostly likely due to the lack of inventory coupled with fewer new listings and not due to a lack of demand for Fort Mill homes.

 

New listings decreased 16.1% in Fort Mill year-over-year. Housing inventory dropped 28.8% year-over-year.

 

Average days on market decreased 20 days to 41 days versus the same month one year ago. Month-over-month days on market also dropped -- by 14 days.  Median days on market were 14, decreasing 19 days versus the same month one year ago. Month-over-month, median days on market dropped by 24 days.

 

Sellers received 98.8% of list price, showing relatively little negotiating room for Fort Mill homes.

 

Average home sale prices increased 1.2% in February 2020 versus February 2019, while median home sale prices increased 1.5%. Average sale price was $341,332 and median sale price was $305,950. 

 

 

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 FEBRUARY 2020

 

 

 FORT MILL HOUSING MARKET HIGHLIGHTS:

FEBRUARY 2020 VERSUS FEBRUARY 2019

 

 Fort Mill SC Housing Market Update For February 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 Realty, 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: Janaury 2020

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

 

 

 

 

Original blog post can be read 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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2020 Market Reports
Tags:
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Ambassador
3,198,085
Paul S. Henderson, REALTOR®, CRS
Fathom Realty Washington LLC - Tacoma, WA
South Puget Sound Washington Agent/Broker!

The Fort Mill area is lucky to have you reporting their market status and how it is trending 🤓

Happy Thursday Nina Hollander 

Mar 26, 2020 09:22 AM #1
Rainmaker
3,354,301
Will Hamm
Hamm Homes - Aurora, CO
"Where There's a Will, There's a Way!"

Hello Nina,  Good information for Fort Mill area that buyers and  lucky to have you for these reports.

 

Mar 26, 2020 10:10 AM #2
Rainmaker
3,380,099
Nina Hollander
Coldwell Banker Realty - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Paul S. Henderson, REALTOR®, CRS why thank you, Paul. That may just be the nicest thing anyone said to me today! :)

Mar 26, 2020 10:34 AM #3
Rainmaker
3,380,099
Nina Hollander
Coldwell Banker Realty - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Will Hamm thanks, Will, for stopping by and for taking the time to leave me a comment!

Mar 26, 2020 10:35 AM #4
Rainmaker
4,746,671
Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding, Marketing & Strategy

Nina,

I concur with Paul S. Henderson, REALTOR®, CRS comment.  And I hope that since most of us are home, someone will call you for a consult...Keeping paws crossed.  A

Mar 26, 2020 11:20 AM #5
Rainmaker
3,380,099
Nina Hollander
Coldwell Banker Realty - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Ron and Alexandra Seigel hi Alexandra... the issue with us being home now, is that I'm not allowed to leave home except to shop for groceries. So any consultation becomes limited at best since I can't go and look at homes to determine pricing.

Mar 26, 2020 11:30 AM #6
Rainmaker
4,271,407
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Nina, your market report on Fort Mill SC is always concise and easy to read, and hope those wanting to move appreciate it also.

Mar 26, 2020 11:35 AM #7
Rainmaker
3,380,099
Nina Hollander
Coldwell Banker Realty - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Joan Cox thanks, Joan... once you've got a template set up for these reports, the rest is easy peasy!

Mar 26, 2020 11:37 AM #8
Rainmaker
4,271,407
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Nina, I have the same thing, they are pretty easy, then just to add some verbiage to analyze the numbers for the public.

Mar 26, 2020 12:07 PM #9
Rainmaker
3,380,099
Nina Hollander
Coldwell Banker Realty - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Joan Cox I just like to "play" a bit with my templates each year to keep it "fresher."

Mar 26, 2020 12:17 PM #10
Rainmaker
1,778,582
Lise Howe
Keller Williams Capital Properties - Washington, DC
Assoc. Broker in DC, MD, VA and attorney in DC

Your market reports are always so informative - thanks for sharing the information about Fort Mill, SC

Mar 26, 2020 04:00 PM #11
Rainmaker
3,380,099
Nina Hollander
Coldwell Banker Realty - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Lise Howe thank you, Lise. I try... always hope that when people read my reports they walk away knowing something new about their market.

Mar 27, 2020 05:00 AM #12
Rainmaker
2,685,014
Myrl Jeffcoat
GreatWest Realty - Sacramento, CA
Greater Sacramento Real Estate Agent

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

Mar 27, 2020 11:02 AM #13
Rainmaker
3,380,099
Nina Hollander
Coldwell Banker Realty - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Myrl Jeffcoat thanks, Myrl. Trust you've had a good week overall and are looking forward to a nice weekend.

Mar 27, 2020 12:41 PM #14
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Rainmaker
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Nina Hollander

Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor
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