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York and Lancaster Counties Rock Hill - Fort Mill - York - Tega Cay - Lancaster
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Old 08-24-2008, 06:45 AM
 
43 posts, read 90,203 times
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Hi everyone. I'm fairly new to the forum and I've been looking for a home in the Charlotte are and came across the Fort Mill, SC area. I'm just curious why there are so many homes for sale in Fort Mill? Does anyone have any insight?

Last edited by jerome8283; 08-24-2008 at 07:03 AM..
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Old 08-24-2008, 08:18 AM
 
Location: Fort Mill, SC
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I would say growth....Ton of new developements...
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Old 08-24-2008, 09:14 AM
 
Location: Mostly in my head
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I was there at the end of May, looking around as I am trying to move there when I sell my house. There are TONS of new developments. Also, many people seem to be transferred in and out, which means there will always be houses for sale. I think the downturn in the market caught some developers as well.
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Old 08-24-2008, 05:54 PM
 
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Maybe the folks who came here said I'll give this place a couple of years and then split.
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Old 08-25-2008, 11:45 AM
 
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I think that it is supply and demand. Many people wanted to buy here and then the market turned so, now it is a large supply, but not enough qualified buyers or people trying to sell else where, to then buy here. As soon as the market gets better, I am sure you will see less homes available.
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Old 08-25-2008, 12:35 PM
 
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I understand from a friend who does site planning for subdivisions that work has dropped way down. Recently they have glutted the market with rapid construction of mega-subdivisions.

Fortunately for those of us in existing ones [late 80s to 90s], we have TREES and greenspace so I think our homes may still be desirable.

I know a number of people who move here because of the shools then sell when the kids are grown [another good argument for impact fees!] to move to a place with lower taxes.
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Old 08-25-2008, 06:34 PM
 
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Its not all about low taxes. What do the teacher make here and the police.
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Old 08-27-2008, 01:31 PM
 
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Jerome:

I'm a local REALTOR in the area. If you have any specific questions about an area in Fort Mill or need any other assistance, please feel free to contact me.
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Old 08-27-2008, 06:16 PM
 
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The builders are selling new homes alot less than the homes that are currently on the market. Take a look at Sutton Place in fort Mill for an example.
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Old 08-28-2008, 11:02 AM
 
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One reason you'll find lots of homes for sale in the FM area is that it's truely a bedroom community for Charlotte so you get many people that get relocated for work purposes.
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