Latest news on the Tega Cay real estate market in January 2021 and what it means for you...
Tega Cay, South Carolina housing market was very much a home seller's market in January 2021, evidenced by key indicators such as lower months supply of homes, significantly less housing inventory, increasing home prices and lower days on market.
Tega Cay's months of housing inventory was 0.8 months, down 69.2% year-over-year from 2.6 months in January 2020; housing inventory was down 63.1% year-over-year. New listings increased 46.9% year-over-year, but did little to alleviate the overall lack of inventory in the Tega Cay area versus demand for homes.
Pending sales increased 131.6% in Tega Cay in January 2021 compared with one year ago. Tega Cay's closed sales increased 90% year-over-year.
On average, homes sold in 33 days, down 29 days compared with the same month one year ago. Median days on market also decreased 15 days to 10 days in January 2021.
Average price of sold homes increased 13.5% to $391,295, while the median sale price increased 5.7% to $355,000 compared with the same month one year ago. Price per square foot was $147, up $5/square foot versus the same month one year ago.
Sellers received a median 98.4% of listing price (up 10.2% year-over year) in final sale price showing a very small window of opportunity for Tega Cay home buyers to negotiate.
Want to know what this would mean for your family if you decide to buy or sell a Tega Cay home?
We can help. Call us today at 704-779-0813 or contact us here.
There’s absolutely NO OBLIGATION. A consultation with Carolinas Realty Partners is FREE.
MORE DETAILS ON HOW THE TEGA CAY HOUSING MARKET'S PERFORMANCE
TEGA CAY HOUSING MARKET HIGHLIGHTS:
JANUARY 2021 VERSUS JANUARY 2020
Did you know...
Tega Cay has been ranked as the #2 best Charlotte suburb to live in and #2 in the Charlotte region as a best suburb to live in?
Why not check out...
THE 10 HOTTEST TEGA CAY, SC AREA NEIGHBORHOODS
SEARCH TEGA CAY, SC AREA HOMES HERE
FREE Home Buyer Guide "Things To Consider When Buying A Home"
WONDERING WHAT YOUR TEGA CAY AREA HOME IS WORTH?
Contact us if you'd like to receive our Neighborhood Analyzer Report on a monthly basis so you can keep track of home sales activity in your neighborhood.
We're happy to provide an expert home value analysis with no obligation on your part.
FREE Home Seller Guide: "Things To Consider When Selling Your House"
Need Help With Home Renovations/Updates Before Listing Your Home For Sale?
ASK US ABOUT COLDWELL BANKER'S REALVITALIZE PROGRAM
RealVitalizeSM is an exclusive Coldwell Banker program that helps with improvements and repairs to prepare your home for sale. We cover upfront costs and get paid back when your home sells. No hidden fees, interest charges or markups.
THINKING OF SELLING YOUR HOME? CHECK OUT THE COLDWELL BANKER MARKETING ADVANTAGE
MEDIAN HOME PRICE TRENDS IN TEGA CAY, SC
Tega Cay on Lake Wylie is All About Location, Location, Location and Lifestyle, Lifestyle, Lifestyle!
This Charlotte, North Carolina real estate monthly update for Tega Cay, SC is provided by Nina Hollander and Carolinas Realty Partners, Coldwell Banker Realty, your Charlotte metro area residential real estate experts and Tega Cay specialists. We've been opening doors for Tega Cay home buyers and sellers for 20+ years.
If you're considering selling or purchasing a home in the Tega Cay area or anywhere in the Charlotte metro region, I'd love an opportunity to earn your business, to exceed your expectations, and to show you how:
"The Right Broker Makes All The Difference."
Read the original at www.GreatHomesInCharlotte.com
Comments(14)