Tega Cay, SC Real Estate Market At A Glance: July 2019

By
Real Estate Agent with Coldwell Banker Residential Brokerage

 

Tega Cay, South Carolina Real Estate Market

At A Glance: July 2019 Update

 

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.

 

MORE DETAILS ON HOW THE TEGA CAY HOUSING MARKET PERFORMED IN JULY 2019

 

 

 

TEGA CAY HOUSING MARKET AT A GLANCE: 

JULY 2019 COMPARED WITH JULY 2018

 

 Tega Cay, SC Housing Market Snapshot July 2019

 

 

 

Did you know... 

Tega Cay has been ranked as the #2 best Charlotte suburb to live in and #2 in the state of North Carolina as a best suburb to live in?

 

Why not check out...

 

THE 12 HOTTEST FORT MILL/TEGA CAY, SC NEIGHBORHOODS 

 

Hot Fort Mill & Tega Cay SC Neighborhoods

 

 

 

 

SEARCH ALL TEGA CAY, SC AREA HOMES HERE

 

 

WONDERING WHAT YOUR TEGA CAY AREA HOME IS WORTH?

 

What's My Fort Mill Home Worth? 

  

MEDIAN HOME PRICE TRENDS IN TEGA CAY, SC

 

 

 

Tega Cay on Lake Wylie is All About Location, Location, Location and Lifestyle, Lifestyle, Lifestyle!

 

In Polynesian, "tega cay" means beautiful peninsula... which is exactly what Tega Cay, South Carolina is... a beautiful 1600 acre peninsula on Lake Wylie just 20 miles south of Charlotte, North Carolina. The Tega Cay community began developing in the 1970's and was originally modeled after a Polynesia resort. It includes the Tega Cay Golf Club, a 27-hole golf course, a marina, the Tega Cay Beach & Swim Center, tennis courts at the Tega Cay Tennis Club, walking trails, waterfront parks and ball fields, and so much more. The town also has its own Police Department, Fire Department and Emergency Services Squad.
 
 
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?
 
 

This Charlotte, North Carolina real estate monthly update for  Tega Cay, SC is provided by  Nina Hollander and Carolinas Realty Partners, Coldwell Banker Residential Brokerage, 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."

 

Great Homes In Charlotte

 

Previous Tega Cay, SC Housing Market Updates:

Tega Cay Housing Market Update: June 2019

Tega Cay Housing Market Update: May 2019

Tega Cay Housing Market Update: April 2019

Tega Cay Housing Market Update: March 2019

Tega Cay Housing Market Update: February 2019

Tega Cay Housing Market Update: January 2019

Tega Cay Housing Market Update: December 2018

Tega Cay Housing Market Update: November 2018

Tega Cay Housing Market Update: October 2018

Tega Cay Housing Market Update: September 2018

Tega Cay Housing Market Update: August 2018

 

  

Posted by

 

SEARCH ALL CHARLOTTE METRO AREA HOMES HERE

 

 Nina Hollander, RE/MAX Broker, Realtor

 

 

 

 

 

 

Nina Hollander

Broker, Realtor, MBA, GRI, ABR, SRES, CDPE, SFR, SPS, CMRS
Carolinas Realty Partners with Coldwell Banker Residential Brokerage
Direct: 704-779-0813
Website: www.GreatHomesInCharlotte.com
Blog: News You Can Use From Charlotte/Ballantyne/Waxhaw/Fort Mill
Search For All Charlotte Area Homes: www.GreatHomesInCharlotte.com 

2007 - 2019 Charlotte Magazine 5-Star Customer Satisfaction Award Winner

 

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Disclaimer:  Nothing in this blog article is to be construed as legal advice, tax advice, or financial advice.  For legal advice see an attorney.   For tax advice or financial advice see a tax attorney, certified public accountant, or other qualified professional.

 

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Rainmaker
3,204,384
Endre Barath, Jr.
Berkshire Hathaway HomeServices - Beverly Hills, CA
Realtor - Los Angeles Home Sales 310.486.1002

Loved the Market Snapshot, but had to smile at Grant Schneider  comment, he gets around doesn't he?:))Endre

Aug 18, 2019 10:12 PM #11
Rainmaker
3,091,555
Nina Hollander
Coldwell Banker Residential Brokerage - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Endre Barath, Jr. thanks, Endre... hopefully Grant's "getting around" will include at least a quick little get-together when he's here.

Aug 19, 2019 04:47 AM #12
Rainmaker
3,091,555
Nina Hollander
Coldwell Banker Residential Brokerage - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Paul S. Henderson, REALTOR®, CRS hi Paul... thanks for the compliment. Unfortunately, I haven't a clue whether readers appreciate my reports or not.

Aug 19, 2019 04:48 AM #13
Rainmaker
3,091,555
Nina Hollander
Coldwell Banker Residential Brokerage - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Sheri Sperry - MCNE® good morning, Sheri... our local markets are so hyper-hyper local I think it's hard for the average buyer or seller to make sense of it on their own.

Aug 19, 2019 04:48 AM #14
Rainmaker
3,091,555
Nina Hollander
Coldwell Banker Residential Brokerage - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Abby Stiller hi Abby... would love to see you here in the Queen City one day and to also meet you when you come.

Aug 19, 2019 04:49 AM #15
Rainmaker
3,174,127
Lawrence "Larry" & Sheila Agranoff. Cell: 631-805-4400
The Top Team @ Charles Rutenberg Realty 255 Executive Dr, Plainview NY 11803 - Plainview, NY
Long Island Home and Condo Specialists

Buyers and Sellers, Nina Hollander will keep you updated on the Real Estate market in Tega Cay SC. Then, call her to see all the opportunities!

Aug 19, 2019 04:50 AM #16
Rainmaker
3,091,555
Nina Hollander
Coldwell Banker Residential Brokerage - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Dorie Dillard CRS GRI ABR thanks, Dorie... interestingly, that 1-3% negotiating factor is one that is pretty common in our area almost regardless of market conditions.

Aug 19, 2019 04:50 AM #17
Rainmaker
3,091,555
Nina Hollander
Coldwell Banker Residential Brokerage - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Lawrence "Larry" & Sheila Agranoff. Cell: 631-805-4400 good morning, Sheila and Larry... thanks for that great shout-out... and yes, I will!

Aug 19, 2019 04:56 AM #18
Rainmaker
2,018,005
Patricia Feager, MBA, CRS, GRI,MRP
DFW FINE PROPERTIES - Southlake, TX
Selling Homes Changing Lives

An informed consumer is always willing to come back for more. Have a nice day!

Aug 19, 2019 05:29 AM #19
Rainmaker
3,091,555
Nina Hollander
Coldwell Banker Residential Brokerage - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Patricia Feager, MBA, CRS, GRI,MRP hi Patricia... an informed consumer is an empowered consumer is how I like to think about it. 

Aug 19, 2019 05:43 AM #20
Rainmaker
2,018,005
Patricia Feager, MBA, CRS, GRI,MRP
DFW FINE PROPERTIES - Southlake, TX
Selling Homes Changing Lives

Nina Hollander - I like that way of thinking!

I sure wish I had someone in my office to do Market Reports like that. They are really cool!

Aug 19, 2019 06:04 AM #21
Rainmaker
3,091,555
Nina Hollander
Coldwell Banker Residential Brokerage - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Patricia Feager, MBA, CRS, GRI,MRP hi Patricia... I don't have anyone doing my market reports for me... it's just me. Not so hard at the end of the day. However, I believe Texas has some limitations on what you can disclose about sold sales.

Aug 19, 2019 06:41 AM #22
Rainmaker
1,303,448
Wayne and Jean Marie Zuhl
Samsel & Associates - Clark, NJ
The Last Names You'll Ever Need in Real Estate

Sounds like Tega Cay's real estate market is booming! 

Aug 19, 2019 06:51 AM #23
Rainmaker
3,091,555
Nina Hollander
Coldwell Banker Residential Brokerage - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Wayne and Jean Marie Zuhl hi Wayne and Jean Marie... Tega Cay is on Lake Wylie, close to Charlotte, has great school, great community amenities... what's no to like?

Aug 19, 2019 06:53 AM #24
Rainmaker
3,167,170
Will Hamm
Hamm Homes - Aurora, CO
"Where There's a Will, There's a Way!"

Hello Nina,  You always have the right information for your buyers and sellers in your area.  

Aug 19, 2019 08:42 AM #25
Rainmaker
3,091,555
Nina Hollander
Coldwell Banker Residential Brokerage - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Will Hamm thanks, Will... of course is so much better having the "right" information than the "wrong" information! 

Aug 19, 2019 09:34 AM #26
Ambassador
3,986,984
Jeff Dowler, CRS
Solutions Real Estate - Carlsbad, CA
The Southern California Relocation Dude

Hi Nina:

What a terrific resource of market information for buyers interested in the Tega Cay area. No doubt the location on the lake and all the amenities contribute to its popularity, and the competitive housing market!

Jeff

Aug 19, 2019 04:53 PM #27
Rainmaker
2,536,294
Myrl Jeffcoat
GreatWest Realty - Sacramento, CA
Greater Sacramento Real Estate Agent

That is valuable real estate market data for home buyers and sellers in Tega Cay, Nina.

Aug 19, 2019 08:42 PM #28
Rainmaker
3,091,555
Nina Hollander
Coldwell Banker Residential Brokerage - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Jeff Dowler, CRS thanks, Jeff... indeed all that contributes to Tega Cay's popularity, but it's also a very teeny, tiny little place so demand outstrips supply. 

Aug 20, 2019 12:06 PM #29
Rainmaker
3,091,555
Nina Hollander
Coldwell Banker Residential Brokerage - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Myrl Jeffcoat thanks, Myrl. Trust that your week has gotten off to a great start!

Aug 20, 2019 12:07 PM #30
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