Today I want to update you on the market in a great place called Fort Mill, South Carolina.
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Today I want to share some sales data from the Fort Mill market and compare the first six months of 2018 to the first six months of 2017.
This year, there have been 621 homes sold, compared to 616 sold during the same time period last year.
Meanwhile, homes are selling in an average of 70 days, which is an increase from last year’s 68. Although homes may be selling a little slower this year, they are still selling at the same list-to-sales ratio as 2017, at 98%.
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Some of the big draws to this area include the great schools, low taxes, and access to jobs.
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The average sale price this year is slightly over $373,000, while it was about $366,000 last year. This is an increase of about 1.8%. This is not a tremendous increase considering the activity.
Fort Mill is comprised of a lot of new construction and growth opportunities. The resale homes make up about two-thirds of the sales while one-third of the homes are new.
3.6% of the homes that sold in the last 18 months were in the luxury market, which consists of homes worth over $700,000.
If you have any questions or are interested in buying or selling a home, please feel free to contact me. I look forward to speaking with you soon.
