Tega Cay, SC Monthly Real Estate Report: February 2020

By
Real Estate Agent with Coldwell Banker Realty

 

 

Tega Cay, South Carolina Real Estate Report/Housing Market

At A Glance: February 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 February 2020 with just 2.6 months of inventory, down 23.5% year-over-year from 3.4 months. Housing inventory was down 10.6% year-over-year and new listings increased 2.9% year-over-year (equivalent to just one new home more).

 

Pending sales increased 31.8% in Tega Cay in February compared with one year ago. Tega Cay's closed sales increased 60% year-over-year.

 

On average, homes sold in 51 days, down 21 days compared with the same month one year ago and down 11 days from the month of January 2020. Median days on market were 32, down 7 days year-over-year.

 

Average price of sold homes decreased 12.5%, while the median sale price decreased 0.8%. The drop in average and median sale prices should not be attributed to a drop in Tega Cay home values. Rather, it's more reflective of the price mix of homes sold in February. Price per square foot was $135, flat year-over-year.

 

Sellers received 96.8% of listing price in final sale price, showing a small window of opportunity for 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 PERFORMED IN FEBRUARY 2020

 

 

TEGA CAY HOUSING MARKET HIGHLIGHTS:

FEBRUARY 2020 VERSUS FEBRUARY 2019

 

Tega Cay SC Housing Market Update for February 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 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."

 

 

Great Homes In Charlotte

 

 

Previous Tega Cay Housing Market Updates

 

Tega Cay Housing Market Update: January 2020

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

 

 

 

Original blog post can be read at: www.GreatHomesInCharlotte.com

 

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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Oh by the way, I'm never too busy for any of your referrals!

 

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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
1,773,914
Lise Howe
Keller Williams Capital Properties - Washington, DC
Assoc. Broker in DC, MD, VA and attorney in DC

Tega Cay in South Carolina looks like a wonderful place to live and work

Mar 26, 2020 03:59 PM #1
Ambassador
1,978,797
Debb Janes EcoBroker and Bernie Stea JD
ViewHomes of Clark County - Nature As Neighbors - Camas, WA
REALTORS® in Clark County, WA

I know people are really going to be looking for this information in the coming weeks. So important to keep a close handle on the market right now. 

Mar 26, 2020 04:23 PM #2
Rainer
562,833
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

 

Mar 27, 2020 01:21 AM #3
Rainmaker
3,295,063
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

Nina, Anyone that is interested in Tega Cay Real Estate Market Reports can easily find all the recent and previous stats above. Smart idea to include a years worth of details!

Mar 27, 2020 04:13 AM #4
Rainmaker
3,486,414
Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

Good morning Nina. There are serious buyers out there. So, thinventory may continue as the savvy jump on opprtunity! Enjoy your day!

Mar 27, 2020 04:19 AM #5
Rainmaker
3,371,338
Nina Hollander
Coldwell Banker Realty - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Lise Howe hi Lise... Tega Cay is a great place to live... but it's a sliver of a peninsula and its attraction (besides Lake Wylie) is that it's an easy commute to Ballantyne and Uptown Charlotte.

Mar 27, 2020 04:46 AM #6
Rainmaker
3,371,338
Nina Hollander
Coldwell Banker Realty - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Debb Janes EcoBroker and Bernie Stea JD hi Debb... we'll see some indicators of changing markets in early April, but I don't think we'll see the full extent of this pandemic until May.

Mar 27, 2020 04:47 AM #7
Rainmaker
3,371,338
Nina Hollander
Coldwell Banker Realty - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Sally Crane good morning, Sally... as always, I appreciate your stopping by and the good wishes. Trust you are staying well.

Mar 27, 2020 04:48 AM #8
Rainmaker
3,371,338
Nina Hollander
Coldwell Banker Realty - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Lawrence "Larry" & Sheila Agranoff. Cell: 631-805-4400 hi Sheila and Larry... no doubt the year started off good... very trepidatious about what numbers will tell us in April and May. In my own neighborhood, I saw two recently listed homes withdraw from the market yesterda.

Mar 27, 2020 04:52 AM #9
Rainmaker
3,371,338
Nina Hollander
Coldwell Banker Realty - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Wayne Martin hi Wayne... right now, I'm of the school of thought that we won't see inventory issues diminish much even after the first wave of this crisis is over.

Mar 27, 2020 04:53 AM #10
Rainmaker
2,796,962
Brian England
Arizona Focus Realty - Gilbert, AZ
MBA, GRI, REALTOR® Real Estate in East Valley AZ

It definitely seems like the market in Tega Cay is doing well and I hope that you are too my friend!

Mar 27, 2020 06:07 AM #11
Rainmaker
3,371,338
Nina Hollander
Coldwell Banker Realty - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Brian England thanks, Brian... trust you are doing well, too. Market was fine in February... now we have to wait and hold our breaths to see what happens in March and April.

Mar 27, 2020 06:42 AM #12
Rainmaker
5,680,489
Roy Kelley
Realty Group Referrals - Gaithersburg, MD

Families on the move will appreciate your local real estate reports.

Mar 27, 2020 06:54 AM #13
Rainmaker
3,371,338
Nina Hollander
Coldwell Banker Realty - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Roy Kelley thanks, Roy... given our virtual lockdown right now, I have a feeling an awful lots of families are not "moving" just now.

Mar 27, 2020 06:58 AM #14
Rainmaker
2,679,989
Myrl Jeffcoat
GreatWest Realty - Sacramento, CA
Greater Sacramento Real Estate Agent

Tega Cay home buyers and sellers are sure to appreciate your real estate market report, Nina.

Mar 27, 2020 11:01 AM #15
Rainmaker
3,371,338
Nina Hollander
Coldwell Banker Realty - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Myrl Jeffcoat hi Myrl... as always I appreciate your taking the time to stop by and leave me a comment.

Mar 27, 2020 12:42 PM #16
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