Fort Mill Market Report - May 2018
Fort 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%
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!
If you're thinking of selling your Fort Mill home, let'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.
© 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/