Tega Cay, South Carolina Real Estate Report/Housing Market
At A Glance: March 2020
Latest news on the Tega Cay real estate market and what it means for you...
Tega Cay, South Carolina real estate report/snapshot for March 2020. The Tega Cay housing market remained a seller's market in March 2020 with 2.8 months of inventory, down 33.3% year-over-year from 4.2 months. Housing inventory was down 16.8% year-over-year, while new listings increased 4.1% year-over-year.
Pending sales increased 25.9% in Tega Cay in March 2020 compared with one year ago. Tega Cay's closed sales increased 36.8% year-over-year.
On average, homes sold in 50 days, down 80 days compared with the same month one year ago and down 1 day from the month of February 2020. Median days on market were 15, down 75 days year-over-year and down 17 days month-over-month.
Average price of sold homes increased 11.1% to $396,394, while the median sale price increased 12.4% to $372,000 versus the same month one year ago. Price per square foot was $143, up $19/square foot year-over-year.
Sellers received 98.6% of listing price in final sale price (up 1.2% year-over-year), showing minimal 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?
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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: