Tega Cay, SC Housing Market Update: February 2021

By
Real Estate Agent with Coldwell Banker Realty

 

Latest news on the Tega Cay real estate market in February 2021 and what it means for you...

 

Tega Cay, South Carolina housing market remained very much a home seller's market in February 2021 evidenced by key indicators such as lower months supply of homes, significantly less housing inventory, increasing home prices and lower days on market.

 

Tega Cay's months of  housing inventory was 0.8 months, down 71.4% year-over-year from 2.8 months in February 2020; housing inventory was down 67% year-over-year. New listings decreased 33.3% year-over-year.

 

Pending sales increased 3.8% in Tega Cay in February 2021 compared with one year ago. Tega Cay's closed sales increased 68.8% year-over-year.

 

On average, homes sold in 14 days, down 37 days compared with the same month one year ago. Median days on market also decreased 29 days to just 3 days in February 2021.

 

Average price of sold homes increased 23.9% to $401,930, while the median sale price increased 24.6% to $403,566 compared with the same month one year ago.  Price per square foot was $167, up $32/square foot versus the same month one year ago.

 

Sellers received a median 100% of listing price (up 3.3% year-over year) in final sale price showing virtually no window of 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'S PERFORMANCE

 

 

TEGA CAY HOUSING MARKET HIGHLIGHTS:

FEBRUARY 2021 VERSUS FEBRUARY 2020

 

Tega Cay, SC Home Sales Snapshot For February 2021    

 

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 6 HOTTEST TEGA CAY, SC AREA NEIGHBORHOODS  

 

Hot Fort Mill/Tega Cay Neighborhoods

   

 

SEARCH TEGA CAY, SC AREA HOMES HERE

 

Free Home Listing Alerts From GreatHomesInCharlotte.com  

 

 

FREE Home Buyer Guide "Things To Consider When Buying A Home" 

 

 

WONDERING WHAT YOUR TEGA CAY AREA HOME IS WORTH?

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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.

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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."

 

 

Read the original 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
Direct: 704-779-0813
Website: www.GreatHomesInCharlotte.com
Blog: News You Can Use From The Greater Charlotte Area
Search For All Charlotte Area Homes: www.GreatHomesInCharlotte.com 

Charlotte Magazine 5-Star Customer Satisfaction Award Winner Since 2007

 

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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 (26)

Rocky Dickerson
Realty One Group - Las Vegas, NV
Superior Service!

Good morning Nina and thank you for the detailed market analysis. Very informative.

Mar 31, 2021 07:20 AM
Carol Williams
Although I'm retired, I love sharing my knowledge and learning from other real estate industry professionals. - Wenatchee, WA
Retired Agent / Broker / Property Manager

Wow! That's a hot market! 

Mar 31, 2021 07:23 AM
Will Hamm
Hamm Homes - Aurora, CO
"Where There's a Will, There's a Way!"

Hello Nina and thanks for sharing your report with us here in the Rain.  Hope you are having a good first quarter.

 

Mar 31, 2021 07:40 AM
Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding, Marketing & Strategy

Nina,

Another market that lacks the inventory that you brilliantly detailed with your usual style.  Wishing you a delightful Wednesday.  A

Mar 31, 2021 08:04 AM
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Nina, another very insightful market report for Tega Cay SC, and hope buyers and sellers benefit from your information.

Mar 31, 2021 02:38 PM
Lise Howe
Keller Williams Capital Properties - Washington, DC
Assoc. Broker in DC, MD, VA and attorney in DC

the numbers are startlingly low aren't they!  I am sure that buyers and sellers will love reading this information - and I am going to go to read what Tega Cay means!

Apr 01, 2021 05:02 AM
Myrl Jeffcoat
GreatWest Realty - Sacramento, CA
Greater Sacramento Real Estate Agent

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

Apr 01, 2021 05:04 PM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Hi Wayne... I'd love for you to send some inventory my way. We are on life support here.

Apr 02, 2021 08:49 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Hi Myrl Jeffcoat... thanks, as always, for stopping by. I keep waiting for them to fix this tagging issue.

Apr 02, 2021 08:49 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Hi Lise Howe... our inventory levels are on life support... that's the only way I can describe this crazy market.

Apr 02, 2021 08:50 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Hi Joan Cox... Tega Cay is a "small" area and lack of inventory there is just as critical as everywhere else in my market.

Apr 02, 2021 08:51 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Thanks, Alexandra... the lack of inventory is really getting to be problematic... hard to sustain sales without it.

Apr 02, 2021 08:51 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Hi Will Hamm... as always thanks so much for taking time to stop by and leave a comment.

Apr 02, 2021 08:52 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Hi Carol Williams... it is a hot, hot, hot market. But it won't stay that way if we don't get some inventory soon.

Apr 02, 2021 08:52 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Hi Rocky Dickerson... thanks, as always, for taking time to read one of my market reports.

Apr 02, 2021 08:53 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Hi Sheila... Tega Cay is a very unique little community that started life as a fishing village.

Apr 02, 2021 08:54 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Hi Brian England... sitting on Lake Wylie, Tega Cay increases in popularity as people looking forward to spring and summer activities on the Lake.

Apr 02, 2021 08:55 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Hi Ed Silva... all I can say is that I'm happy I'm not a home buyer today... tough enough being an agent for home buyers!

Apr 02, 2021 08:56 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Hi Bill Salvatore... Tega Cay is a unique little area in Greater Charlotte, which started life as a fishing village on Lake Wylie.

Apr 02, 2021 08:57 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

As always, Roy Kelley, thank you for taking time to stop by and leave me a comment.

Apr 02, 2021 08:57 AM

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