Tega Cay, South Carolina Real Estate Report/Housing Market
At A Glance: January 2020
Latest news on the Tega Cay real estate market and what it means for you...
The Tega Cay housing market remained a seller's market in January 2020 with just 2.3 months of inventory, down 23.3% year-over-year from 3 months. Housing inventory was down 12.8% year-over-year and new listings decreased 11.1% year-over-year.
Pending sales increased 22.2% in Tega Cay in January compared with one year ago. Tega Cay's closed sales dropped 52.4% year-over-year.
On average, homes sold in 62 days, down 9 days compared with the same month one year ago. Median days on market were 25, down 24 days year-over-year and down 42 days month-over-month.
Average price of sold homes increased 20.4%, while the median sale price increased 25.6%. Price per square foot was $142, a $7 per square foot increase over January 2019.
Sellers received 98.2% of listing price in final sale price, showing minimal negotiating room for buyers.
Want to know what this would mean for your family if you decide to buy or sell a Tega Cay home?
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.
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: