Tega Cay, SC Homes Sales Up 20.5% In June 2021. Home Prices Up 22.3%.

By
Real Estate Agent with Coldwell Banker Realty

 

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

 

Tega Cay, South Carolina housing market remained very much a home seller's market in June 2021 evidenced by key indicators such as lower months supply of homes, significantly less housing inventory, higher home prices and fewer days on market, despite an increase in new listings in June 2021 compared with June 2020.

 

Tega Cay's months of  housing inventory was 0.8 months, down 55.5% year-over-year from 1.8 months in June 2020 and 3.0 months in June 2019. Housing inventory was down 49.1% year-over-year. New listings increased 48.6% year-over-year (17 additional homes on the market), but did little to alleviate the housing inventory shortage.

 

Pending sales decreased 9.4% in Tega Cay in June 2021 compared with one year ago. Tega Cay's closed sales increased 20.5% year-over-year. No doubt lack of inventory kept pending sales down.

 

On average, homes sold in 11 days, down 60 days compared with the same month one year ago.  Median days on market also decreased 39 days to just 2 days in May 2020.

 

Pent-up demand for Tega homes was also evident in the number of average showings per listing in June 2021. On average, listed homes had 17.8 showings, up 79.8% from 9.9 showings in June 2020. Clearly, it's a matter of more buyers "chasing" after fewer homes.

 

Average price of sold homes increased 22.3% to $476,473, while the median sale price decreased 3.4% to $379,000 compared with the same month one year ago.  The decrease in median home sale prices in June does not necessarily signal a drop in Tega Cay home values. Rather it's more indicative of the price mix of homes sold in June 2021 versus June 2021. Month-over-month, average sale price in Tega Cay increased by $87,000. Price per square foot was $177, up $43/square foot versus the same month one year ago.

 

Sellers received a median 100.3% of listing price (up 3.8% 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?    

Curious about Tega Cay real estate? Call Nina Hollander

We can help.

Call us today at 704-779-0813 or contact us here.

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MORE DETAILS ON HOW THE TEGA CAY HOUSING MARKET'S PERFORMANCE

 

TEGA CAY HOUSING MARKET HIGHLIGHTS:

JUNE 2021 VERSUS JUNE 2020

Tega Cay SC Housing Market Report For June 20221

  

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

 

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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 region 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 why experience matters and how: 

"The Right Broker Makes All The Difference."

 

 

 

Read the original post 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
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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! Love your sales update graphic. You are certainly keeping busy in that marketplace.

Jul 30, 2021 07:04 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, sellers are still seeing offers over list in Tega Cay, and homes are selling quick! 

Jul 30, 2021 07:31 AM
Will Hamm
Hamm Homes - Aurora, CO
"Where There's a Will, There's a Way!"

Hello Nina and you are the Realtor to know what the numbers are doing in your area.  Good job as always from you.

 

Jul 30, 2021 08:50 AM
Paul S. Henderson, REALTOR®, CRS
Fathom Realty Washington LLC - Tacoma, WA
South Puget Sound Washington Agent/Broker!

Your market is consistent with just a few percentage points between neighborhoods Nina Hollander, Broker 

Jul 30, 2021 08:56 AM
Kathy Streib
Room Service Home Staging - Delray Beach, FL
Home Stager - Palm Beach County,FL -561-914-6224

Hi Nina- your market reports for your area are thorough and full of useful information. And this is what buyers and sellers are looking for. 

Jul 30, 2021 09:51 AM
Roy Kelley
Realty Group Referrals - Gaithersburg, MD

Families on the move will love your outstanding local real estate reports.

Jul 30, 2021 10:23 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Lawrence "Larry" & Sheila Agranoff. Cell: 631-805-4400 hi Sheila... we schedule all appointments through Showing Time who captures that data that then gets sent to our statistical analysis program in mls.

Jul 30, 2021 12:33 PM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Ron and Alexandra Seigel hi Alexandra... thank you. I've always believed that if one is going to take the time to do market reports they might as well have some meat in them.

Jul 30, 2021 12:34 PM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Rocky Dickerson thanks, Rocky... this is my latest itiration of graphics... I've been through a bunch of them before settling on one.

Jul 30, 2021 12:35 PM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Joan Cox hi Joan... Tega Cay is a tiny town... so there's always demand for homes close to or on Lake Wylie.

Jul 30, 2021 12:36 PM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Will Hamm thank you, Will. At the end of the day, that's what our clients expect from us... a deep knowledge of the market.

Jul 30, 2021 12:36 PM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Paul S. Henderson, REALTOR®, CRS hi Paul... there is a lot of consistency from one market area to another in the Charlotte region. It tells buyers and sellers that we are not looking at anomolies in terms of the numbers.

Jul 30, 2021 12:38 PM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Kathy Streib thanks, Kathy... I try to write my market reports in such a way as to provide information for various levels of interest.

Jul 30, 2021 12:39 PM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Roy Kelley thank you, Roy, for stopping by today. Trust you are looking forward to a lovely weekend.

Jul 30, 2021 12:39 PM
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.

Jul 30, 2021 07:50 PM
Patricia Feager, MBA, CRS, GRI,MRP
DFW FINE PROPERTIES - Flower Mound, TX
Selling Homes Changing Lives

Nina Hollander, Broker - as always when it comes to marketing, you nail it!

Jul 30, 2021 08:14 PM
James Dray
Fathom Realty - Bentonville, AR
Exceptional Agents, Outstanding Results

Morning Nina.

Inventory down 55.5%, that's impressive!  I'm sure the sellers are enjoying the windfall

Jul 31, 2021 12:21 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Myrl Jeffcoat as always, Myrl, thank you for taking time to pop by and leave me a comment.

Jul 31, 2021 04:49 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Patricia Feager, MBA, CRS, GRI,MRP thank you, Patricia. At the end of the day... that is what we are... marketers!

Jul 31, 2021 04:49 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

James Dray good morning, James... while we see new listings gradually return to the market, it seems it's just a drop in the bucket. Inventory remains critically low.

Jul 31, 2021 04:50 AM