Real Estate Market Stats 2017

As the year draws to a close and we look back on the 2017 Real Estate Market Stats, it is great to see the results.

The Real Estate Market Stats Graph below shows the average sales prices on Resale Homes for a year period on Single Family Homes in the Fort Mill, Rock Hill, Tega Cay and Lake Wylie area.

To analyze the graph, the pattern seems to be synonymous with demand. Sellers price their homes in February when the first sign of sunshine and warmer weather arrive and plan for their homes to hit the market ready to sell and move by the beginning of June in time for the close of the school year and the summer vacation. Then as the summer vacation starts the demand and prices drop reaching a low in October.

Once again we see new demand in November and December for those wishing to move closer to family, for better prospects in business, personal reasons and new goal setting for the coming year. Fort Mill sales are reliant on school demand and the home sales in that location get the best results in March thru July according to the Real Estate Market Stats

It’s a great time to sell right now if you have been sitting on the fence.

This Graph below shows New Construction Homes sold over the same period of a year in the same areas.

I wanted to share with you the stats from the MLS that go back to the first recordings of the MLS. Based on these stats the homes are selling at the same prices and higher that before the economic meltdown. I used the rolling map for ease of use.

As we look at the real estate market stats we celebrate another great year in a growing economy.

If you are considering selling or you would like to know the stats for your particular area, please send me an email michael@MGaddy.com and giving me your neighborhood and your house specs and I will run a search to suit your needs.

I am working right through the holidays, so please feel free to contact me if you are buying or selling a home.

I look forward to working with you in 2018.

Please give Michael a call 704-975-4651 or email Michael@MGaddy.com

 

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