Homes Fort Mill SC

It’s time for another home sales report for Tega Cay SC. I pulled numbers together for home sales August 1 through October 1, 2007 and the same time period 2008 to make the year to year comparison.

I decided to use data from the two MLS systems representing our area. I pulled data from the Charlotte and Piedmont MLS (both have properties listed that are unique to only their system so to get true numbers I had to combine them).

Tega Cay Home Sales Report Oct 1 2008

Tega Cay Market Snapshot (text version)

Aug 1^st to Oct. 1 2007

# of homes sold 37

Average Original List Price 328K

Average Sold Price 315K

% List to Sold Ratio 96%

Days On Market 87

Home sold price categories

Under 350K— 26

350-400— 4

401-500— 1

500+– 6 Three water front, one anchorage water view, two lake shore regular lots.

Aug 1^st to Oct. 1 2008

#of homes sold 25

Average Original List Price $337K

Average Sold Price $308K

% List to Sold 91.5%

Days On Market 139

Home sold price categories

Under 350K — 20

350- 400 —- 2

401- 500 —- 0

500+— 3 One custom new construction, others water front

Observation- (more…)

I created a home sales comparison report for Tega Cay South Carolina. The report compares 2007 homes sales in Tega Cay to the current year 2008 for the first two quarters. I also gave you a peek at how August home sales stack up against last year. Here is my sales report:

MARKET SNAPSHOT 2007 Vs. 2008

First Quarter Sales Comparisons

JANUARY-MARCH 2008——–JANUARY-MARCH 2007

SOLD- 27 Homes…………………………. SOLD- 52 Homes

AVERAGE LIST PRICE- $272,469 ……. AVERAGE LIST PRICE- $339,565

AVERAGE SOLD PRICE- $268,359 ….. AVERAGE SOLD PRICE- $336,220

AVERAGE DAYS ON MKT- 114 ………..AVERAGE DAYS ON MKT- 78

% LIST TO SOLD- 98% ………………….. % LIST TO SOLD- 99%

DECLINE IN SALES PRICE- 20%
DECLIEN IN # OF HOMES SOLD – 41%

Second Quarter Sales Comparisons

APRIL- JULY 2008 ————APRIL- JULY 2007

SOLD- 41 Homes ………………………….SOLD- 69 Homes

AVERAGE LIST PRICE- $323,977 ……..AVERAGE LIST PRICE- $340,272

AVERAGE SOLD PRICE- $312,553…….AVERAGE SOLD PRICE- $334,384

AVERAGE DAYS ON MKT- 99…………..AVERAGE DAYS ON MKT- 79

%LIST TO SOLD- 97% …………………….%LIST TO SOLD- 98%

DECLINE IN SALES PRICE- 6%
DECLINE IN # OF HOMES SOLD- 27%

Here is a look at the trend in August so far:

AUG. 1- AUG. 23 2008 ——- AUG.1 – AUG. 23 2007

SOLD- 7 Homes …………………………. SOLD- 9 Homes

AVERAGE LIST PRICE- $327,928 …… AVERAGE LIST PRICE- $325,355

AVERAGE SOLD PRICE- $315,300 …..AVERAGE SOLD PRICE- $318,752

AVERAGE DAYS ON MKT- 101………. AVERAGE DAYS ON MKT- 70

%LIST TO SOLD- 96% ………………….. %LIST TO SOLD- 98% (more…)

 Warning: The Sturgeon General advices you to be careful reading or listening to positive homes sales news which maybe dangerous to your health or at least a shock to your system compared to the normal news environment. Care should be taken when reading or listening to positive news.

I get up every morning with a positive attitude with the goal to make it a positive day. During my morning drive to work I listen to the news talk radio station. I don’t know about you but I almost hate turning on the radio or any news these days. My positive attitude flies right out the window after listening to a few minutes of the morning economic news. Most of the news seems to be about the bad housing market, failing mortgage market, and of course the main headline these days the high gas prices. So here is my attempt to go against the news trend and share some good news for a change.

The National Association of Realtors® released this week their homes sales forecast based on April’s pending home sales index data. April’s index showed a national gain in homes sale contracts of 6.3% over March.  NAR’s economists forecast a continued moderate home sales increase in the next few months and it may get better in the second half of the year.  

The West coast has shown the most improvement. Positive sales growth was also felt in the Midwest and the South. The Northeast was still showing a decline by 1.9%. Pending homes sales numbers have picked up significantly in areas seeing significant home value price drops like the West. But economists predict home values will stabilize in most areas in the second half of the year.

As for the Fort Mill, Tega Cay SC area, the Charlotte Regional Realtors Association reported steady increases each month from January through April which is consistent with the NAR report. The total homes under contract nationally and locally are below last years numbers but the positive news here is the sales are gaining each month. 

I apologize if this news is shocking to you. (more…)

I have had many request to see the change in home sales data for Tega Cay from this year to last.  So here is the latest info. 

Single Family homes had a 37.5 % drop in the number of home sold to last year. It is now taking on the average 153 days to sell a home which is approximately a 34% increase in days. The good news is the selling price to listing price ratio only changed 4% and is still in the 90’s.

(more…)

WBT Radio based in Charollete, NC reported this week that US home values plunged 8.4%. But the Charlotte area maintained a plus 3% home value growth. The Charoltte Metro area includes Fort mill, tega cay and Lake Wylie SC.This information was based on data through November 2007 sales. Experts predict some softening of values in the coming months in our area. (more…)