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Lancaster County, SC Real Estate News

By Nina Hollander, Broker, Your Greater Charlotte Realtor
(Coldwell Banker Realty)
Latest news on the Indian Land real estate market in August 2023... What you need to know...What it means for you...   Home prices reach their highest level in 2023. Key take-aways about the Indian Land, South Carolina (29707 zip code) housing market in the Charlotte region in August 2023 include: Indian Land closed sales declined to their lowest level in 2023 since May 2023. Home prices in August reached their highest level in 2023. New listings increased almost 20% month-over-month.  This was the highest number of new listings Indian Land saw in one year. Days on market were at their lowest level at 15 days since October 2022. List to sale price ratio of 100.15%, provided little room for home buyers to negotiate on Indian Land homes in August. Inventory was at its highest level in Aug...
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By Nina Hollander, Broker, Your Greater Charlotte Realtor
(Coldwell Banker Realty)
Latest news on the Indian Land real estate market in July 2023... What you need to know...What it means for you...   Key take-aways about the Indian Land, South Carolina (29707 zip code) housing market in the Charlotte region in July 2023 include: Indian Land closed sales at their highest level in both June and July since December 2022. Home prices increased month-over-month; declined year-over-year. New listings decreased 11+% month-over-month and decreased 25% compared with July 2022. Inventory  declined month-over-month and year-over-year to its lowest level since April 2022. Days on market were at their lowest level at 18 days since September 2022. List to sale price ratio of 100.23%, provided little room for home buyers to negotiate on Indian Land homes in July. With just 2.48 mont...
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By Nina Hollander, Broker, Your Greater Charlotte Realtor
(Coldwell Banker Realty)
Latest news on the Indian Land real estate market in June 2023... What you need to know...What it means for you...   Key take-aways about the Indian Land, South Carolina (29707 zip code) housing market in the Charlotte region in June 2023 include: Indian Land closed sales at their highest level since December 2022. Home prices declined month-over-month and year-over-year. New listings increased 19+% month-over-month and decreased almost 41% compared with June 2022. Despite the increased in new listings, inventory  declined month-over-month and year-over-year to its lowest level since April 2022. Days on market were at their second lowest level at 28 days since November 2022. List to sale price ratio just under 100% at 99.7%, providing little room for home buyers to negotiate on Indian L...
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By Nina Hollander, Broker, Your Greater Charlotte Realtor
(Coldwell Banker Realty)
 Walnut Creek Neighborhood in Indian Land/Lancaster, SCReal Estate Report & Community Spotlight: Quarter 2 - 2023Home Prices Rebound From Quarter 1 - 2023 | Days On Market Down Walnut Creek Single Family Home Sales Overview After softening in the Fourth Quarter 2022 and First Quarter 2023, home sale prices in Walnut Creek rebounded. Average sale price increased $36,000 from Quarter 1-2023. Median sale price $66,000 over Quarter 1-2023. The average and median sale prices declined minimally by 3% year-over-year.Although the list to sale price ratio declined by 2% compared with the Second Quarter in 2022, it increased 2.1% to 101.38% quarter-over-quarter.The number of Walnut Creek properties sold decreased 42% to 37 from Quarter 2-2022. There were also 11 fewer properties sold in Quarter 2...
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By Nina Hollander, Broker, Your Greater Charlotte Realtor
(Coldwell Banker Realty)
Latest news on the Indian Land real estate market in May 2023... What you need to know...What it means for you...   Key take-aways about the Indian Land, South Carolina (29707 zip code) housing market in the Charlotte region in May 2023 include: Indian Land closed sales at their highest level since September 2022. Home prices held their own, remaining essentially flat month-over-month and year-over-year. New listings decreased 16+% month-over-month and decreased almost 65% compared with May 2022. Inventory also declined month-over-month and year-over-year. Days on market were at their second lowest level since November 2022. List to sale price ratio just under 100% providing little room for home buyers to negotiate on Indian Land homes. With just 2.3 months of inventory, Indian Land was...
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By Nina Hollander, Broker, Your Greater Charlotte Realtor
(Coldwell Banker Realty)
Latest news on the Indian Land real estate market in April 2023... What you need to know...What it means for you...   Key take-aways about the Indian Land, South Carolina (29707 zip code) housing market in the Charlotte region in April 2023 include: Indian Land closed sales declined 10% in April after a 41.7% increase in sales the prior month. Home prices increased year-over-year, but were down slightly month-over-month. New listings increased month-over-month, but were still lower than in April one year ago. Days on market declined almost 52% from March 2023. Average days on market in April were just 25 days. List to sale price ratio increased in April to 99.19% compared with March 2023 and equal to April 2022.  Indian Land home buyers are not seeing a lot of room to negotiate on price...
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By Nina Hollander, Broker, Your Greater Charlotte Realtor
(Coldwell Banker Realty)
Latest news on the Indian Land real estate market in March 2023... What you need to know...What it means for you...   Key take-aways about the Indian Land, South Carolina (29707 zip code) housing market in the Charlotte region in March 2023 include: Indian Land closed sales rebounded in March with a 41.7% increase in sales after experiencing it's lowest number of closed sales in three years in February 2023. Home prices were up year-over-year and month-over-month. New listings continued to decline both year-over-year and month-over-month. Lack of new listings, combined with lower inventory month-over-month, will keep upward pressure on home prices. Days on market increased for Indian Land homes after having decreased for the three previous third consecutive months. List to sale price ra...
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By Nina Hollander, Broker, Your Greater Charlotte Realtor
(Coldwell Banker Realty)
 Walnut Creek Neighborhood in Indian Land/Lancaster, SCReal Estate Report & Community Spotlight: Quarter 1 - 2023 Walnut Creek Single Family Home Sales Overview Walnut Creek home sales began softening in the Fourth Quarter 2022 and that trend continued in the First Quarter 2023 compared with sales activity in the most recent three months. Average sale price declined slightly by 1%, while the median sale price declined 8%. Although the list to sale price ratio declined, it was still over 99%. The number of Walnut Creek properties for sale increased 26% to 48 as did the number of average days on market, which increased to 37 days. And while the days on market increased, they were still lower than the year-to-date 49 days on market in Indian Land in general. WALNUT CREEK SINGLE FAMILY HOME...
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By Nina Hollander, Broker, Your Greater Charlotte Realtor
(Coldwell Banker Realty)
 The Retreat At Rayfield Neighborhood In Indian Land, SCReal Estate Report & Neighborhood Spotlight: Quarter 1 - 2023 The Retreat at Rayfield had just one home sale in Quarter 1 - 2023. Compared with average and median home prices in the previous three months, average sale price was up 17% and the median sale price was up 20%. However, it should be noted that one home sale does not indicate a "real" trend. The one home that sold, sold at 100% of asking price and in 13 days. Clearly lack of inventory in The Retreat at Rayfield is keeping home prices up. RETREAT AT RAYFIELD HOME SALES SNAPSHOT: QUARTER 1 - 2023  MEDIAN HOME SALE PRICE TRENDS IN THE RETREAT AT RAYFIELD  To track sales in The Retreat At Rayield "real time," click here for our Neighborhood Analyzer Report and sign up to auto...
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By Nina Hollander, Broker, Your Greater Charlotte Realtor
(Coldwell Banker Realty)
Latest news on the Indian Land real estate market in February 2023... What you need to know...What it means for you...   The Indian Land, South Carolina (29707 zip code) housing market in the Charlotte region saw it's lowest number of sales in three years in February 2023. At the same time, home prices were up year-over-year and the number of homes for sale were at their lowest level since June 2022, while new listings were almost 41% lower than in February one year ago. Meantime, days on market for Indian Land homes decreased for a third consecutive month, despite an increase year-over-year.  Indian Land Housing Market Highlights: February 2023NEW LISTINGS DOWN YEAR-OVER-YEAR & MONTH-OVER-MONTH | TOTAL INVENTORY INCREASED YEAR-OVER-YEAR, DECREASED MONTH-OVER-MONTH New listings in Febru...
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By Nina Hollander, Broker, Your Greater Charlotte Realtor
(Coldwell Banker Realty)
Latest news on the Indian Land real estate market in January 2023... What you need to know...What it means for you...   The Indian Land, South Carolina (29707 zip code) housing market in the Charlotte region saw it's lowest number of sales in three years in January 2023. At the same time, home prices were up year-over-year and the number of homes for sale were at their lowest level since June 2022, while new listings were almost 50% lower than in January one year ago.. The list to sale price ratio of 98.2% was at its lowest since April 2020.  Indian Land Housing Market Highlights: January 2023 JANUARY 2023 SALES AT THEIR LOWEST LEVEL IN THREE YEARSSales decreased in January 2023 by 46.6% from December 2022, with 47 homes sold compared with 88 in the previous month. Year-over-year, sales...
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By Nina Hollander, Broker, Your Greater Charlotte Realtor
(Coldwell Banker Realty)
 Walnut Creek Neighborhood in Indian Land/Lancaster, SCReal Estate Report & Community Spotlight  Walnut Creek Single Family Home Sales OverviewWalnut Creek home sales remained strong throughout 2022 with average home prices increasing 20%. Although the list to sale price ratio was down 1% year-over-year, it was still over 100% at 101.04%. We saw some softening in the Walnut Creek market in the increased days on market in 2022, which were still relatively low at 22 days. More softening in the market was noticeable in Quarter 4-2022. Average home prices appreciated just 8%, the average days on market increased to 42, and the list to sale price ratio declined 2% to 99.75%, which has been 100% or higher since December 2020. WALNUT CREEK SINGLE FAMILY HOME SALES SNAPSHOT: 2022 WALNUT CREEK S...
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By Nina Hollander, Broker, Your Greater Charlotte Realtor
(Coldwell Banker Realty)
 The Retreat At Rayfield Neighborhood In Indian Land, SCReal Estate Report & Neighborhood Spotlight:  The Retreat at Rayfield neighborhood enjoyed a significant increase in home prices in 2002, as well as in the Fourth Quarter 2022. Average home prices increased 25% year-over-year. In the Fourth Quarter they increased 17%. The median home sale price set a new record high in December 2022. To the extent that the softening market in the Charlotte region impacted The Retreat at Rayfield, it was in the increase in average days on market, which increased to 12 days for the year and to 21 days in Quarter Four. However you look at it, the days on market were low.  The softening housing market also impacted the list to sale price ratio in the Fourth Quarter 2022, declining 4% to 97.45%. Buyers ...
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By Nina Hollander, Broker, Your Greater Charlotte Realtor
(Coldwell Banker Realty)
 10 Hot Selling Indian Land, SC Neighborhoods In The Greater Charlotte Area In 2022 To Watch In 2023 The Indian Land/Lancaster, South Carolina area of Charlotte continues to be hot, hot, hot in terms of buyer demand for homes -- especially when it comes to new construction. Here are the 10 hottest selling neighborhoods in Indian Land in 2022.  Five of these 10 neighborhoods have been on the "hottest neighborhoods to watch" list since 2016 -- Bridgemill, The Retreat at Rayfield, Walnut Creek, Legacy Park, Sun City at Carolina Lakes. Treetops made the list for a fifth consecutive year. Avondale and Ansley Park are on the "watch" list for a fourth year. Two of the hottest selling neighborhoods were 55+, Active Adult neighborhoods. New construction neighborhoods continued to "rule" in India...
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By Nina Hollander, Broker, Your Greater Charlotte Realtor
(Coldwell Banker Realty)
Latest news on the Indian Land real estate market in November 2022... What you need to know...What it means for you...   The Indian Land, South Carolina (29707 zip code) housing market continued to see a low months supply of homes in November 2022 at 1.5 months and significant increases in both average and median home sale prices year-over-year, setting new records. Year-over-year, both pending and closed sales dropped in November, while average days on market increased compared to one year ago but decreased from October 2022. With a median list to sale price ratio of 100%, Indian Land home sellers remained in the "driver's seat" in November 2022. The last time Indian Land home sellers saw less than a 100% or higher median list to sale price ratio was February 2021.  Indian Land Housing...
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By Nina Hollander, Broker, Your Greater Charlotte Realtor
(Coldwell Banker Realty)
Latest news on the Indian Land real estate market in October 2022... What you need to know...What it means for you...   The Indian Land, South Carolina (29707 zip code) housing market continued to see a low months supply of homes in October 2022 at 1.5 months and significant increases in both average and median home sale prices year-over-year, setting new records. Year-over-year, both pending and closed sales dropped in October, while days on market increased compared to one year ago and one month ago.  With a median list to sale price ratio of 100%, Indian Land home sellers remained in the "driver's seat" in October 2022.   Indian Land Housing Market HighlightsOctober 2022 vs October 2021 NEW LISTINGS DECREASED IN OCTOBER 2022, WHILE TOTAL INVENTORY INCREASED Housing inventory increase...
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By Nina Hollander, Broker, Your Greater Charlotte Realtor
(Coldwell Banker Realty)
 Walnut Creek Neighborhood in Indian Land/Lancaster, SCReal Estate Report & Community Spotlight Quarter 3 - 2022 Walnut Creek Single Family Home Sales Review: Q3 - 202271 single family homes sold in Walnut Creek in Quarter 3 - 2022 compared with 51 homes in the same quarter in 2021. Compared with the first quarter of 2022, Walnut Creek had  21 more sales in the second quarter.  New listings in Walnut Creek increased in the Third Quarter 2022 with 62 new listings compared with 56 in the same time frame one year ago. Quarter-over-quarter, Walnut Creek's new listings decreased by 33 homes. Average days on market for Walnut Creek homes increased by eight days year-over-year and by 25 days quarter-over-quarter. Median days on market in the Third Quarter 2022 were six days, increasing four da...
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By Nina Hollander, Broker, Your Greater Charlotte Realtor
(Coldwell Banker Realty)
 The Retreat At Rayfield Neighborhood In Indian Land, SCReal Estate Report & Neighborhood Spotlight: Quarter 3 - 2022 The Retreat at Rayfield saw the number of sales decrease by four homes to six homes in Quarter 3 - 2022 versus the same quarter in 2021. Compared with the Second Quarter 2022, The Retreat at Rayfield saw three fewer sales. Fewer new listings year-over-year and quarter-over-quarter contributed to the fewer sales. Home sale prices continued to increase dramatically year-over-year and quarter-over-quarter. The primary "shift" we saw in sales trends in The Retreat at Rayfield in the Third Quarter 2022 were more days on market and a lower list to sales price ration, which nonetheless was still at 100%.  Average days on market increased five days year-over-year and two days qu...
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By Nina Hollander, Broker, Your Greater Charlotte Realtor
(Coldwell Banker Realty)
Latest news on the Indian Land real estate market in September 2022... What you need to know...What it means for you...   The Indian Land, South Carolina (29707 zip code) housing market continued to see a low months supply of homes in September 2022 at 1.5 months. Both pending and closed sales dropped in September. Year-over-year, days on market dropped in September 2022 unlike in many other parts of the Charlotte region where days on market have generally been increasing. Average and median home sale prices reached record highs. With a median list to sale price ratio of 100%, Indian Land home sellers remained in the "driver's seat" in September 2022.   Indian Land Housing Market HighlightsSeptember 2022 vs September 2021  NEW LISTINGS DECREASED IN SEPTEMBER 2022, WHILE TOTAL INVENTORY ...
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By Nina Hollander, Broker, Your Greater Charlotte Realtor
(Coldwell Banker Realty)
Latest news on the Indian Land real estate market in August 2022... What you need to know...What it means for you...   The Indian Land, South Carolina (29707 zip code) housing market continued to see a low months supply of homes in August 2022 at 1.4 months supply. Both pending and closed sales dropped in August.  Median home sale prices reached record highs. With a median list to sale price ratio of 100%, Indian Land home sellers remained in the "driver's seat" in August 2022.   Indian Land Housing Market HighlightsAugust 2022 vs August 2021 NEW LISTINGS DECREASED IN AUGUST 2022 | RESALE HOME INVENTORY AT LESS THAN ONE MONTHHousing inventory increased 17.7% in August, year-over-year. New listings decreased 14.5% year-over-year, despite a 70.4% increase in new construction inventory. Re...
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By Nina Hollander, Broker, Your Greater Charlotte Realtor
(Coldwell Banker Realty)
Latest news on the Indian Land real estate market in July 2022... What you need to know...What it means for you...   The Indian Land, South Carolina (29707 zip code) housing market continued to see a low months supply of homes in July 2022 at 1.3 months supply. Both pending and closed sales dropped in July. With average home sale prices reaching record highs and with list to sale price ratios at 100.4%, Indian Land home sellers remained in the "driver's seat" in July 2022.  Indian Land Housing Market HighlightsJuly 2022 Versus July 2021 NEW LISTINGS DECREASED IN JULY 2022 | RESALE INVENTORY DOWNHousing inventory increased slightly at 5.8% in July, year-over-year. New listings decreased 23.8% year-over-year, despite a 108% increase in new construction inventory. Resale inventory was down...
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