Did Corona Virus Affect Tega Cay, SC Home Sales In April 2020?

By
Real Estate Agent with Coldwell Banker Realty
https://activerain.com/droplet/5njX

 

 

Tega Cay, South Carolina Real Estate Report/Housing Market

At A Glance: April 2020

 

Latest news on how corona virus affected the Tega Cay real estate market in April and what it means for you...

 

Tega Cay, South Carolina housing market was definitely impacted by corona virus stay-at-home restrictions as evidenced by key indicators such as lower months supply of homes, less housing inventory, fewer new listings, lower days on market, 45% fewer home showings, and lower closed and pending sales in April 2020 compared with April 2019.

 

Tega Cay's months of  housing inventory was 3.1 months, down 22.5% year-over-year from 4 months in April 2019; housing inventory was down 11.5% year-over-year and new listings were down 10.2% year-over-year.

 

Pending sales decreased 20.5% in Tega Cay in April 2020  compared with one year ago. Tega Cay's closed sales decreased 30.3% year-over-year. Home showings were down substantially (45%) in April 2020 compared with the same month one year ago. There were 385 home showings in Tega Cay in April 2020 versus 845 showings in April 2019.

 

On average, homes sold in 32 days, down 49 days compared with the same month one year ago and down 18 days from the month of March 2020. Median days on market were 7, down 24 days year-over-year and down 8 days month-over-month. 

 

Average price of sold homes decreased 6.1% to $376,081, while the median sale price decreased 3.7% to $390,000 versus the same month one year ago (median price is up month-over-month, however).  Price per square foot was $141, up $1/square foot year-over-year. As homes in Tega Cay sell in a very broad range of price points, the drop in home prices in April should not immediately be assumed to be a diminution of home values in Tega Cay. More likely, it's reflective of the price mix of homes sold in the month of April 2020, especially considering that median home sale prices increased month-over-month.

 

Sellers received 99.4% of listing price in final sale price (up 1.5% year-over-year), showing minimal opportunity for Tega Cay home 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 APRIL 2020

 

 

TEGA CAY HOUSING MARKET HIGHLIGHTS:

APRIL 2020 VERSUS APRIL 2019

 

Tega Cay, SC Home Sales Update For April 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: March 2020

Tega Cay Housing Market Update: February 2020

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

 

 

 

 

 

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 Realty
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 

Charlotte Magazine 5-Star Customer Satisfaction Award Winner Since 2007

 

 Connect with me also on these sites:  

 

facebook twitterlinkedinpinterest

  

                                                                                                                                          

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

 

Find Your Charlotte Home

 

How Much Is My Home Worth       Free Charlotte Relocation Package

 

 

 

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.

 

close

This entry hasn't been re-blogged:

Re-Blogged By Re-Blogged At
Topic:
Real Estate Market Trends
Location:
South Carolina York County Tega Cay
Groups:
Charlotte NC Real Estate
Charlotte North Carolina Area
Market Reports
Buyer Information - What Buyers Need to Know in Today's Market
2020 Market Reports
Tags:
tega cay sc real estate
tega cay sc
homes for sale in tega cay sc
great homes in charlotte
search tega cay homes for sale
tega cay sc real estate report
homes for sale in 29708 zip code
corona virus impacts tega cay home sales

Post a Comment
Spam prevention
Spam prevention
Show All Comments
Rainmaker
5,765,634
Roy Kelley
Realty Group Referrals - Gaithersburg, MD

This is timely information to share with families on the move.

Have a great day.

May 19, 2020 05:43 AM #1
Rainmaker
3,441,549
Nina Hollander
Coldwell Banker Realty - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Roy Kelley thanks, Roy... wishing you a lovely Tuesday. It was pouring rain in Charlotte all night and I think we're in for more today. Our dog is not happy to have his dog park visits cut short... 

May 19, 2020 06:01 AM #2
Rainmaker
3,329,796
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, I'm sure it had an impact on the Tega Cay Real Estate market. BTW, I really like it's motto...The Good Life!

May 19, 2020 06:35 AM #3
Rainmaker
3,441,549
Nina Hollander
Coldwell Banker Realty - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Lawrence "Larry" & Sheila Agranoff. Cell: 631-805-4400 hi Sheila... I do think that people who live in Tega Cay believe they are living the good life!

May 19, 2020 07:26 AM #4
Rainmaker
2,876,135
Brian England
Arizona Focus Realty - Gilbert, AZ
MBA, GRI, REALTOR® Real Estate in East Valley AZ

I have always liked the name Tega Cay since I first started reading your blog posts about it.

May 19, 2020 08:05 AM #5
Rainmaker
3,441,549
Nina Hollander
Coldwell Banker Realty - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Brian England hi Brian... given that so many of our areas have the word "Indian" in it, it's interesting that Tega Cay name has polynesian origins.

May 19, 2020 08:18 AM #6
Rainmaker
2,721,919
Myrl Jeffcoat
GreatWest Realty - Sacramento, CA
Greater Sacramento Real Estate Agent

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

May 19, 2020 02:14 PM #7
Rainmaker
3,441,549
Nina Hollander
Coldwell Banker Realty - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Myrl Jeffcoat hi Myrl... thanks for stopping by... trust you are having better weather than we are at my end... rain, rain, and more rain here.

May 19, 2020 02:16 PM #8
Rainmaker
600,255
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

May 23, 2020 11:26 PM #9
Rainmaker
3,441,549
Nina Hollander
Coldwell Banker Realty - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Sally Crane good morning again, Sally...and again, thanks for taking time to stop by.

May 24, 2020 05:58 AM #10
Rainmaker
105,953
Kris Collis, Associate Broker
Smart Way America Realty - East Stroudsburg, PA
Professional Results you Expect 702-574-8102

Nina, Very interesting facts for your Tega Cay clients, to see how prices are up year over year despite the stay-at-home restrictions that limited real estate activities.  The sales went upward anyway.  Just goes to show, setbacks in real estate are temporary.

May 26, 2020 01:53 PM #11
Rainmaker
3,441,549
Nina Hollander
Coldwell Banker Realty - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Kris Collis, Associate Broker hi Kris... prices are up all around the region, for the most part... it's all about supply and demand. We have so little supply and more demand... so pandemic or not prices continue to rise.

May 26, 2020 02:00 PM #12
Post a Comment
Spam prevention
Show All Comments

What's the reason you're reporting this blog entry?

Are you sure you want to report this blog entry as spam?

Rainmaker
3,441,549

Nina Hollander

Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor
What real estate questions can I answer for you today?
*
*
*
*
Spam prevention

Additional Information