Tega Cay, SC Monthly Real Estate Report: February 2020

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.

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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? 

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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




 Nina Hollander, RE/MAX Broker, Realtor








Broker, Realtor, MBA, GRI, ABR, SRES, CDPE, SFR, SPS, CMRS
Carolinas Realty Partners with Coldwell Banker Realty
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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.


Comments (16)

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
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
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.



Mar 27, 2020 01:21 AM
Lawrence "Larry" & Sheila Agranoff. Cell: 631-805-4400
The Top Team @ Charles Rutenberg Realty 255 Executive Dr, Plainview NY 11803 - Plainview, NY
Long Island Condo and Home 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
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
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte 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
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte 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
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte 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
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte 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
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte 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
Brian England
Vacasa - 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
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte 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
Roy Kelley
Realty Group Referrals - Gaithersburg, MD

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

Mar 27, 2020 06:54 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte 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
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
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte 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