How Much Did Corona Virus Affect Fort Mill Home Sales In April 2020?

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

 

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

 

Latest news on how corona virus affected the Fort Mill real estate market in April and what it means for you...

 

Fort Mill's housing market (29715 and 29708 zip codes) definitely felt the impact of COVID-19 stay-at-home restrictions in April 2020, characterized by much lower inventory, fewer new listings, lower months supply of housing, and fewer closed and pending sales, while home prices increased compared with April 2019. Showings of homes dropped 79% in April year-over-year.

 

Pending sales decreased 33.8% and closed sales decreased 7.7% year-over-year in April. Home showings slowed considerably in the month of April. Fort Mill had 569 home showings in April 2020 compared with 2,687 home showings in April 2019 -- a 79% decrease year-over-year. Not surprising that both closed and pending sales were down.

 

New listings decreased 40.5% in Fort Mill year-over-year. Housing inventory dropped 30.1% year-over-year. The months supply of homes dropped to 2 months from 2.8 months one year ago.

 

Average days on market decreased 11 days to 43 days versus the same month one year ago and decreased 10 days month-over-month.  Median days on market were 11, decreasing 3 days versus the same month one year ago and decreasing 9 days month-over-month.  

 

Sellers received 98.8% of list price. Buyers had minimal negotiating room for Fort Mill homes.

 

Average home sale prices increased 7.2% in April 2020 versus April 2019, while median home sale prices increased 20.4%. Average sale price was $371,862 and median sale price was $349,000. Average and median sale prices also increased significantly month-over-month. 

 

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 APRIL 2020

 

 

 FORT MILL HOUSING MARKET HIGHLIGHTS:

APRIL 2020 VERSUS APRIL 2019

 

 Fort Mill SC Housing Market Update For April 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: March 2020

Fort Mill Housing Market Update: February 2020

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

 

 

 

 

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 Realty
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 

Charlotte Magazine 5-Star Customer Satisfaction Award Winner Since 2007

 

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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
3,441,549
Nina Hollander
Coldwell Banker Realty - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Ron and Alexandra Seigel hi Alexandra... Fort Mill is an important housing area for the Charlotte region, so I follow developments there closely.

May 17, 2020 08:58 AM #7
Rainmaker
3,441,549
Nina Hollander
Coldwell Banker Realty - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Raymond Henson, SRES, GRI hi Raymond... we are desperate for inventory... it was bad before the virus shutdowns... now it's even worse.

May 17, 2020 08:59 AM #8
Rainmaker
3,441,549
Nina Hollander
Coldwell Banker Realty - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Paul S. Henderson, REALTOR®, CRS hi Paul... you're so right... it is what it is... that being said... for serious sellers it's a great market as we have more demand than homes, so homes are selling quickly and for top dollar. For buyers, less of a pretty picture. Happy Sunday to you.

May 17, 2020 09:00 AM #9
Rainmaker
3,441,549
Nina Hollander
Coldwell Banker Realty - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Lawrence "Larry" & Sheila Agranoff. Cell: 631-805-4400 hi Sheila and Larry... I'm hoping that May will show a bit of an improvement and June an even bigger one.

May 17, 2020 09:01 AM #10
Rainmaker
3,441,549
Nina Hollander
Coldwell Banker Realty - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Will Hamm hi Will... can't say I pay a whole lot of attention to points since I reached 500K and got a free account. Now, if we could "spend" these points, it would be a whole other subject! Happy Sunday to you.

May 17, 2020 09:03 AM #11
Rainmaker
3,441,549
Nina Hollander
Coldwell Banker Realty - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Roy Kelley hi Roy... appreciate your taking time to pop by today... hope you are having a lovely weekend.

May 17, 2020 09:03 AM #12
Rainmaker
908,615
Nick Vandekar, 610-203-4543
Long & Foster Real Estate Inc 610-225-7400 - Devon, PA
Tredyffrin Easttown Realtor, Philly Main Line

Will be interesting to see how sales react when things start to loosen up with showing restrictions and we get to see how the public feel about seeing homes etc.

May 17, 2020 09:41 AM #13
Rainmaker
3,441,549
Nina Hollander
Coldwell Banker Realty - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Nick Vandekar, 610-203-4543 hi Nick... I've seen buyers more interested in looking at houses than sellers interested in letting strangers walk through their houses since restrictions have been loosened here.

May 17, 2020 10:54 AM #14
Rainmaker
2,721,919
Myrl Jeffcoat
GreatWest Realty - Sacramento, CA
Greater Sacramento Real Estate Agent

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

May 17, 2020 12:19 PM #15
Rainmaker
3,441,549
Nina Hollander
Coldwell Banker Realty - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Myrl Jeffcoat hi Myrl... thanks, as always, for stopping by... trust you've been enjoying a nice weekend.

May 17, 2020 12:30 PM #16
Ambassador
3,975,548
George Souto
George Souto NMLS #65149 FHA, CHFA, VA Mortgages - Middletown, CT
Your Connecticut Mortgage Expert

Nina I am not surprised to see those figures.  I think many parts of the country are looking at very similar data as a result of COVID-19.

May 17, 2020 03:49 PM #17
Ambassador
4,203,955
Jeff Dowler, CRS
eXp Realty of California - Carlsbad, CA
The Southern California Relocation Dude

Hi Nina:

That was certainly a thorough and thoughtful overview of the Fort Mill, SC housing market. Seems like a pretty good time to be a seller given the demand and inventory.

Jeff

May 17, 2020 04:22 PM #18
Rainmaker
1,366,293
Sheri Sperry - MCNE®
Coldwell Banker Realty - Sedona, AZ
(928) 274-7355 ~ YOUR Solutions REALTOR®

Hi Nina Hollander - There will always be buyers and sellers but it is sometimes harder to find the right Realtor to help with the sale.  You know your market and can maneuver the stormy waters of today's market.

May 17, 2020 06:02 PM #19
Rainmaker
3,441,549
Nina Hollander
Coldwell Banker Realty - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

George Souto good morning, George... I suspect that your assessment of the market is spot on! Happy Monday!

May 18, 2020 04:32 AM #20
Rainmaker
3,441,549
Nina Hollander
Coldwell Banker Realty - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Jeff Dowler, CRS thanks, Jeff... and thanks for stopping by. Lack of inventory keeps homes moving especially in affordable price ranges, pandemic or no pandemic.

May 18, 2020 04:33 AM #21
Rainmaker
3,441,549
Nina Hollander
Coldwell Banker Realty - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Sheri Sperry - MCNE® good morning, Sheri... as my personal slogan says "The right broker makes all the difference." :)

May 18, 2020 04:34 AM #22
Rainmaker
1,555,552
Georgie Hunter R(S) 58089
Hawai'i Life Real Estate Brokers - Haiku, HI
Maui Real Estate sales and lifestyle info

This is a smart series of posts about how your local markets have been affected!

May 18, 2020 04:48 PM #23
Rainmaker
3,441,549
Nina Hollander
Coldwell Banker Realty - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Georgie Hunter R(S) 58089 thanks, Georgie... people always want to know what's happening in their real estate markets... but now with so much uncertainty, even more so.

May 19, 2020 05:26 AM #24
Rainmaker
600,255
Sally Crane
WMS - Unity, WI
Woodland appraisal support.

Thanks for the update, all the best to you as you get many of these properties listed and sold.

Sally

 

May 21, 2020 11:44 PM #25
Rainmaker
3,441,549
Nina Hollander
Coldwell Banker Realty - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Sally Crane thanks, Sally, as always for taking time to stop by and to leave me a comment. Happy Sunday to you.

May 24, 2020 05:57 AM #26
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