Fort Mill Market Report - June 2018
You'll feel as though you're taking a step back in time as you go just across the NC/SC state line into Fort Mill, SC. Many residents found their way into Fort Mill for the lower taxes and the fabulous school system, which many consider the best in the state.
The affordable homes, the proximity to Lake Wylie as well as easy access to top jobs in the city (Charlotte), have even drawn many former Mecklenburg County 'down south’ to Fort Mill.
In 2018, Fort Mill continues on pace with solid appreciation, each and every month. Inventory is rising in each category with the exception of the $400,000 - $550K price range, down just a bit to 0.2%, year-over-year. Average price per square foot has risen in each price range with the exception of the $400,000 - $550K range.
Days on the market (DOM) have reduced 3-8% - 7.1% in the lower two price ranges - the $400,000 - $550K price range has increased 3.8% year-over-year to 81 average DOM.
Despite the rise in inventory in much of Fort Mill, the market remains below a 6-month supply, a solid sellers market. The high-end priced homes ($550K+) is approaching a neutral market with a 5.7 month supply, a 23.9% year-over-year increase.
Here are the up-to-date stats on Fort Mill. Click the interactive graphic to show more details and to follow the trends. Average Sales Price - An increase of 3.7% year-over-year at $328,484
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: $124
$300,000 - $399,000: $129
$400,000 - $549,999: $135
$550,000 and above: $167
Average Days on Market - Based on targeted price ranges
$200,000 - $299,999: 34
$300,000 - $399,000: 62
$400,000 - $549,999: 75
$550,000 and above: 81
Current Inventory in each price range
$200,000 - $299,999: 70
$300,000 - $399,000: 102
$400,000 - $549,999: 92
$550,000 and above: 67
Months Supply of Inventory per targeted price range
$200,000 - $299,999: 1.9
$300,000 - $399,000: 3.2
$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 Charlotte Metro area, including Fort Mill with you...and give you the grand tour too! Find out what all the buzz is about in Fort Mill!
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 reviewswww.CharlotteRealEstateAgentReviews.com.
© Debe Maxwell | The Maxwell House Group | CharlotteBroker@icloud.com | Fort Mill Market Report - JUNE 2018
Originally posted at https://www.icharlotterealestate.com/fort-mill-south-carolina/
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Direct: (704) 491-3310
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