There’s a shift happening in million-dollar property deals across the Rock Hill region
Nearly 80% of February’s million-dollar property sales across the Rock Hill region involved home purchases. That rate amplifies two noticeable trends in the area.
Massive sales like apartment complexes, manufacturing sites, warehouses and investment properties have dwindled in recent months. Meanwhile, more million-dollar home sales happen seemingly month over month.
February had 18 home sales at $1 million or more, according to York, Lancaster and Chester county land records. Only five other sales topped $1 million, and one of them was a multi-lot deal for a new home neighborhood.
In February of last year, about 52% of the million-dollar sales were home deals. Two years ago, less than 38% of February million-dollar sales were homes.
The value of big deals has shifted, too.
This year, 69% of the total property value from all million-dollar sales in February came from home sales. Last year that February number was 43%. Two years ago it was 12%.
Historically, February isn’t as busy a month for big deals compared to the summer. And any massive apartment or industrial site deal, whenever it happens, can dramatically shift ratios.
The increase in expensive homes and decrease in everything else on the high end, though, have been steady in the past year.
Latest big property sales around Rock Hill
Here’s a look at the biggest February deals:
▪ The Rock Hill region’s 18 home sales at $1 million or more is up from 11 sales in January. The latest deals are concentrated in Fort Mill, where there were a dozen. Rock Hill added three more, Indian Land two and Clover one.
Three deals hit $1.5 million or more, and the two most expensive sales were on opposite sides of Rock Hill. A 4,700-square-foot Williamson Road home in southwest Rock Hill sold for more than $1.8 million.
The 2008 home sits on nearly 30 acres. A more than 5,200-square-foot Lake Wylie Drive home in Rock Hill, off Mt. Gallant Road and on Lake Wylie, sold for $1.7 million. It was built in 2003.
Use the map below for more information on February million-dollar home sales, plus others so far this year:
▪ More the 5 acres at 9410 Charlotte Highway in Indian Land sold Feb. 14 for $2.3 million. The property sits on the east side of Charlotte Highway, north of Thousand Oaks Road. It’s a former home, now zoned for commercial development. Charlotte-based Mana Capital bought the site.
▪ Nearly 6 acres of Lancaster light industrial property sold Feb. 24 for $2.3 million. Lancaster-based SMG LLC bought the more than 41,000-square-foot facility at 1950 W. Meeting St. That’s where Synteen Technical Fabrics has been in operation. The industrial site was built in 1999.
▪ Homebuilder Taylor Morrison bought 11 home lots in Indian Land in its Sugar Creek development off Harrisburg Road. The lots off Baker Creek Avenue and Calico Branch, Indigo Branch and Sugar Creek roads are part of larger subdivision development in the northern panhandle. Taylor Morrison bought the sites Feb. 24 for $1.9 million.
▪ Greenville-based Forsberg LLC bought a more than 13,000-square-foot warehouse at 338 Springhill Farm Road in Fort Mill for $1.4 million. The Feb. 11 sale involves fewer than 2 acres and the warehouse built in 1998. Recent building tenants include a glass company, title loan store, air conditioning repair place and a cigar shop. It’s just east of Interstate 77, near the North Carolina state line.
▪ A Tega Cay resident bought more than 75 acres of undeveloped Lake Wylie property Feb. 3 for $1.2 million. The parcel is between Oakridge and Stateline roads, less than half a mile south of the North Carolina state line.
