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Market Trends
Commentary Provided bySandy Howard This area is holding value moreso than other areas in the nation, although we are seeing a slight decrease in property values. Homes are continuing to sell, however, and the best ones are selling quickly and receiving multiple offers. |
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| Report Date | Fall 2009 | ||
| Nearest Metro Area | Rock Hill | ||
| Buyers’ or Sellers’ Market | More buyers than sellers | ||
| Average Time on Market | More than 120 days | ||
| Market Trend | Increasing | ||
| Housing Inventory | Good supply - Some Prices | ||
| Average Home Price | $175,000 - View Graph Trend | ||
| Best Selling Price Range | $100,000 - $149,000 | ||
| Worst Selling Price Range | $500,000 - $549,000 | ||
| Compared to Last Year | Down 0-5% | ||
| Prices As % of Asking Price | 95-100% | ||
| Multiple Offers? | Yes | ||
| Greatest Activity | First Time Buyers | ||
| Buyer Activity for the past 90 days in Rock Hill is | Increasing | ||
| Seller Activity for the past 90 days in Rock Hill is | Decreasing | ||
| Is Financing Available For Qualified Buyers in Rock Hill? | Yes | ||
| Existing Home Prices for the past 90 days are | Decreasing | ||
| What Percentage of the Current Housing Inventory are Foreclosures and/or Short Sales? | 5-10% | ||
| Housing Hot Spots | This area is booming with new urban lifestyle choices, such as The Palisades, The Sanctuary, Baxter Village and Springfield. There are many new developments in Lake Wylie, Fort Mill and Rock Hill, in all types and ranges. If you have ever dreamed of owning a home on the Lake, there are some REAL BARGAINS for waterfront properties on Lake Wylie right now...THIS is the time to BUY!!! | ||
| Reason to Buy/Sell | Lower prices with good selection and competitive interest rates creates a perfect time to buy in Rock Hill! | ||
| Average Sold Price | $175,000 - View Graph Trend | ||
| National Real Estate Market | |||
| National Summary: National Housing Market Recovery Near? Latest HouseHunt Random Survey Finds Encouraging Signs - First Time Buyers Taking Advantage of $8,000 Tax Credit Like the legendary phoenix which rose renewed from its ashes, the U.S. housing market appears to be on the verge of emerging from the worst real estate market in three years. Several encouraging signs are there. Click here for full article... | |||
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Sandy Howard
Keller Williams Realty @ Baxter Village Fort Mill, South Carolina 704-575-8777 sandyhoward@kw.com Agent Home Page 
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Rock Hill Local News
News for Rock Hill, SC - Wednesday June 17th, 2009 1:18pm
This area has always held steady throughout the real estate boom...because we did not experience the skyrocketing, over-inflated house prices that some other areas did, we are not seeing the nosedive market correction. Although we do have our share of foreclosures and short sales, and our property values have shown a slight decline, our market is still holding as compared with other areas of the nation. However, this remains the best time to buy, perhaps, in the history of real estate record keeping. With the house prices down, and interest rates still low, plus the $8000 tax credit (if you qualify as a first time homebuyer), as well as other incentives on specific properties, we may never see these bargains again in our lifetime. Call me toll free to hear about the deals of the week! 866-751-SOLD (7653)
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704-575-8777
