Tega Cay, SC Monthly Real Estate Report: January 2020

By
Real Estate Agent with Coldwell Banker Realty

 

 

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?

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 PERFORMED IN JANUARY 2020

 

 

TEGA CAY HOUSING MARKET HIGHLIGHTS:

JANUARY 2020 VERSUS JANUARY 2019

 

Tega Cay SC Housing Market Snapshot 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  

  

 

Hot Fort Mill & Tega Cay SC Neighborhoods

 

  

 

SEARCH ALL TEGA CAY, SC AREA HOMES HERE

 

Search Tega Cay Homes For Sale 

 

 

 

  FREE Home Buyer Guide "Things To Consider When Buying A Home," 

 

 

 

WONDERING WHAT YOUR TEGA CAY AREA HOME IS WORTH?

 

What's My Fort Mill Home 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.

 

Coldwell Banker RealVitalize Home Seller Program

 

 

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!

 

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, 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 Housing Market Updates

 

Tega Cay Housing Market Update: December 2019

Tega Cay Housing Market Update: November 2019

Tega Cay Housing Market Update: October 2019

Tega Cay Housing Market Update: September 2019

Tega Cay Housing Market Update: August 2019 

Tega Cay Housing Market Update: July 2019

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

 

 

First published at: https://greathomesincharlotte.com/housing-market-reports-updates/tega-cay-real-estate-january-2020/

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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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2020 Market Reports
Tags:
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Rainmaker
2,148,666
Patricia Feager, MBA, CRS, GRI,MRP
DFW FINE PROPERTIES - Flower Mound, TX
Selling Homes Changing Lives

May the sun shine on you today! Best wishes with sales.

Feb 28, 2020 06:53 AM #1
Rainmaker
4,746,671
Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding, Marketing & Strategy

Nina,

Tega Cay sounds wonderful given it is a lakeside community, we both are fond of water fronts.  Happy Friday....A

Feb 28, 2020 07:22 AM #2
Rainmaker
3,380,099
Nina Hollander
Coldwell Banker Realty - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Patricia Feager, MBA, CRS, GRI,MRP thank you, Patricia! And what do you, lots of sunshine in Charlotte today... I just haven't had a chance to go out and let it shine on me... but will shortly! Happy Friday to you.

Feb 28, 2020 07:52 AM #3
Rainmaker
3,380,099
Nina Hollander
Coldwell Banker Realty - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Ron and Alexandra Seigel hi Alexandra... Tega Cay has some amazing waterfront homes with stunning views of Lake Wylie.

Feb 28, 2020 07:52 AM #4
Ambassador
3,198,085
Paul S. Henderson, REALTOR®, CRS
Fathom Realty Washington LLC - Tacoma, WA
South Puget Sound Washington Agent/Broker!

You always do such a great job of painting the marketing report so as everyone can understand....

I hope life is good this Friday for you Nina Hollander 

Feb 28, 2020 07:59 AM #5
Ambassador
1,983,589
Debb Janes EcoBroker and Bernie Stea JD
ViewHomes of Clark County - Nature As Neighbors - Camas, WA
REALTORS® in Clark County, WA

Ooh, sign me up. Who doesn't love waterfront homes and lakeside living?  That's the area we'd be wanting to tour. Happy Friday to you, Nina. D 

Feb 28, 2020 08:03 AM #6
Rainmaker
3,380,099
Nina Hollander
Coldwell Banker Realty - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Paul S. Henderson, REALTOR®, CRS hi Paul... I'm doing well this Friday... just hustling on getting a bunch of stuff done for two listings coming on the market in the next couple of weeks before my eye surgery on Wednesday. Happy Friday to you!

Feb 28, 2020 08:17 AM #7
Rainmaker
3,380,099
Nina Hollander
Coldwell Banker Realty - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Debb Janes EcoBroker and Bernie Stea JD hi Debb... somehow, I have a feeling you'd find a few things to like on Lake Wylie!

Feb 28, 2020 08:17 AM #8
Rainmaker
5,690,494
Roy Kelley
Realty Group Referrals - Gaithersburg, MD

Thank you very much, Nina, for sharing your outstanding local real estate reports.

Feb 28, 2020 12:51 PM #9
Rainmaker
3,380,099
Nina Hollander
Coldwell Banker Realty - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Roy Kelley as always, thank you Roy for stopping by. Wishing you a lovely weekend ahead.

Feb 28, 2020 01:03 PM #10
Rainer
566,913
Sally Crane
WMS - Unity, WI
Woodland appraisal support.

Thanks for the update Nina, all the best to you as you get many of these properties listed and sold.

Sally

 

Feb 28, 2020 02:18 PM #11
Rainmaker
3,380,099
Nina Hollander
Coldwell Banker Realty - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Sally Crane thank you, Sally, as always for taking the time to stop by. Wishing you a lovely weekend ahead.

Feb 28, 2020 02:20 PM #12
Rainmaker
2,685,014
Myrl Jeffcoat
GreatWest Realty - Sacramento, CA
Greater Sacramento Real Estate Agent

Tega Cay home buyers and sellers are certain to find you real estate report valuable, Nina.

Feb 29, 2020 06:03 PM #13
Rainmaker
3,380,099
Nina Hollander
Coldwell Banker Realty - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Myrl Jeffcoat good morning, Myrl... thanks for stopping by... wishing you a lovely Sunday!

Mar 01, 2020 05:10 AM #14
Rainmaker
1,531,882
Kat Palmiotti
406-270-3667, kat@thehousekat.com, Broker, Blackstone Realty Group - brokered by eXp Realty - Kalispell, MT
The House Kat

The Tega Cay market was definitely a seller's market in January - I'm sure February is the same!

Mar 07, 2020 06:16 AM #15
Rainmaker
3,380,099
Nina Hollander
Coldwell Banker Realty - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Kat Palmiotti hi Kat... I haven't done the numbers yet for February, but I have a sneaky suspicion that you're right!

Mar 07, 2020 06:17 AM #16
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Rainmaker
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Nina Hollander

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