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Fort Mill Market Report - MAY 2018

Fort Mill Market Report - May 2018

 

Fort Mill Real Estate Market ReportFort Mill continues on pace with solid appreciation, as it has each and every month during the past two years.

Inventory is rising in each category with the exception of the $400,000 - $550K price range, down 9% year-over-year. Despite the rise in inventory in much of Fort Mill, the market remains below a 6-month supply, a sellers market. The high-end priced homes ($550K+) is approaching a neutral market with a 5.7 month supply, a 21.3% year-over-year increase.

 

Average price per square foot has risen in each price range with the largest increase being 6.3% year-over-year in the $550K and above range. Days on the market (DOM) have changed -8.1% - +13.0% in their respective price ranges. 

 

Average Sales Price - An increase of 2.8% year-over-year at $325,303 

Targeted Price Ranges:   

$200,000 - $299,999     $300,000 - $399,000    $400,000 - $549,999  $550,000 and above

 


 

Average Price Per Square Foot - Based on specific price ranges

$200,000 - $299,999: $123

$300,000 - $399,000: $127

$400,000 - $549,999: $136

$550,000 and above: $168


 

Average Days on Market - Based on targeted price ranges

$200,000 - $299,999: 34

$300,000 - $399,000: 62

$400,000 - $549,999: 78

$550,000 and above: 81


 

Current Inventory in each price range

$200,000 - $299,999: 69

$300,000 - $399,000: 104

$400,000 - $549,999: 91

$550,000 and above: 66


 

Months Supply of Inventory per targeted price range

$200,000 - $299,999: 1.9

$300,000 - $399,000: 3.3

$400,000 - $549,999: 3.8

$550,000 and above: 5.7


 

3-Year List-to-Sales Price Ratios - per targeted price range

$200,000 - $299,999: 97.5%

$300,000 - $399,000: 96.6%

$400,000 - $549,999: 96.7%

$550,000 and above: 96.8%

 


 

SEARCH ALL FORT MILL HOMES FOR SALE

 

BUYERS

Visit www.TheMaxwellHouseGroup.com for more information and to search for homes in Fort Mill. Your first step should be enlisting an experienced, local real estate broker. Selecting a great broker is not as easy as it may seem. There are real estate agents and brokers who will sell you anything but, you want to enlist a seasoned real estate professional for your real estate needs. We would love to share our knowledge of the Fort Mill area with you...and give you the grand tour too! 

Hiring the RIGHT Fort Mill Realtor® is critical to your home buying success!

 

 

SELLERS  

If you're thinking of selling your Fort Mill homelet's talk! As with everything in life, preparation is key and I will equip you with what you'll need to get you, as seamlessly as possible, through the home-selling process. Call or text (704) 491-3310   

 

*References from any of our sellers are available upon request.  Read our reviews www.CharlotteRealEstateAgentReviews.com

Hiring the RIGHT Fort Mill Realtor® is critical to your home selling success too!

 

© Debe Maxwell | The Maxwell House Group | CharlotteBroker@icloud.com | Fort Mill Market Report - May 2018

 Originally posted at https://www.icharlotterealestate.com/fort-mill-market-report-april-2018/

 

     

Charlotte Real Estate Team - The Maxwell House Group

 

  Charlotte NC Homes for Sale

 (THE best Charlotte home search available - no kidding!)

Charlotte NC Real Estate Agents 

 

Charlotte CRS Agent


Debe Maxwell, Realtor®/Broker/CRS

CharlotteBroker@icloud.com

Direct:  (704) 491-3310

 

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Comment balloon 3 commentsDebe Maxwell, CRS • April 17 2018 01:33PM
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