Tega Cay, South Carolina real estate market/snapshot for July 2019. The Tega Cay housing market remained a seller's market in July 2019, characterized by decreasing inventory (-7.7%) and months supply of housing (-12.2%) compared with July 2018.
Pending sales were up in Tega Cay (+5.1%) in July compared with one year ago. Tega Cay's closed sales increased 18.2% year-over-year, no doubt helped by the substantial increase in new listings.
On average, homes sold in 50 days, down one day compared with July 2019. While the average price of a sold home was down in July, it should not be assumed that Tega Cay real estate values are dropping. Homes in Tega Cay can range from the high-$100,000's to the millions and in any given month it's a question of how many homes sold in this broad range of price points. 44 homes closed in Tega Cay in the month of July ranging from a low of $204,900 to a high of $1,230,000. Moreoever, the age of home sold ranged from homes built in 1971 to 2019 and the size of homes sold ranged from a low of 1,316 square feet to a high of 5,711square feet.
Sellers received 97% of listing price in final sale price, showing some negotiating room for buyers, although not much.
Tega Cay's motto is "Bonae Vitae/The Good Life" and once you visit and take a look around, you know exactly why that's so.
An upscale, lake-side community, Tega Cay provides a high quality of life, reasonable cost of living, and top-rated public schools. Its small-town feeling provides security and comfort, and sitting on Lake Wylie, it also provides virtually year-round recreation, including boating, golf, tennis, and more. Tega Cay's Park and Recreation Department is home to more than 4,500 participants annually and features youth baseball, flag football, soccer and softball. But adults are not left out with adult softball, kickball and senior games. And where else would you find both youth and adult croquet games?
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: