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
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
SEARCH ALL TEGA CAY, SC AREA HOMES HERE
FREE Home Buyer Guide "Things To Consider When Buying A Home,"
WONDERING WHAT YOUR TEGA CAY AREA HOME IS 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.
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!
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."
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
Comments(16)