Tega Cay, SC Homes Sold At Record Prices In 8 Days In April 2022

By
Real Estate Agent with Coldwell Banker Realty

Latest news on the Tega Cay, SC real estate market in April 2022...

What you need to know...

What it means for you...

 

Tega Cay, South Carolina's average and median home prices reached record highs in April 2022. Home sellers enjoyed higher list to sale ratios, as well, at 104.7%, up 2.7% year-over-year and 1.4% month-over-month. This, along with significantly less housing inventory and just a two weeks supply of homes, kept Tega Cay a home seller's market in April 2022.

 

TEGA CAY HOUSING MARKET HIGHLIGHTS:

APRIL 2022 VERSUS APRIL 2021

Tega Cay, South Carolina Home Sales Update For April 2022

 

Tega Cay's months of  housing inventory was 0.5 months, down 50% year-over-year from one month in April 2021 and 3.3 months in April 2020. Housing inventory was down 51.3% year-over-year. New listings decreased 7.1% year-over-year and sold as quickly as they came on market.

 

Pending sales decreased 30.4% in Tega Cay in April 2022 compared with one year ago. Tega Cay's closed sales decreased 33.3% year-over-year.

 

On average, homes sold in 8 days, down three days compared with the same month one year ago, and down 25 days from April 2020. Month-over-month, average days on market decreased 11 days. Median days on market were flat at just 2 days in April  2022 year-over-year and decreased 10 days over April  2020. Month-over-month, median days on market were down by one day.

 

Average price of sold homes increased 16.1% to $530,234, while the median sale price increased 25.3% to $495,000 compared with the same month one year ago. Month-over-month, average home sale prices increased $64,000, while median home sale prices increased $77,000. Price per square foot was $206, up 13.8% per square foot from $181 year-over-year. Per square foot price reached a record high in April 2022.

 

Sellers received a median 104.7% of listing price (up 2.7% year-over year and 1.4% month-over-month) in final sale price, showing virtually no window of opportunity for Tega Cay home buyers to negotiate.

 

MORE DETAILS ON THE TEGA CAY HOUSING MARKET'S PERFORMANCE

 

  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

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

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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? 

 

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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 TENNIS & GOLF CLUB: VIDEO
 
 
 
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?
 
 
TEGA CAY TRAIL & RIVER LAUNCH: VIDEO

 

This Charlotte region real estate monthly update for  Tega Cay, SC is provided by  Nina Hollander and Carolinas Realty Partners, Coldwell Banker Realty, Greater Charlotte 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 Greater Charlotte 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 (22)

Eric Bouler
Gardner Realtors, Licensed in La. - New Orleans, LA
Listening to your Needs

Good Morning. A Large Blog with lots of details in your area. Have a great Year...

May 19, 2022 05:40 AM
Brian England
Arizona Focus Realty - Gilbert, AZ
MBA, GRI, REALTOR® Real Estate in East Valley AZ

Homes definitely don't stay on the market long at all in Tega Cay, prospective buyers better be ready to pull the trigger.

May 19, 2022 06:06 AM
Lawrence "Larry" & Sheila Agranoff. Cell: 631-805-4400
The Top Team @ Charles Rutenberg Realty 255 Executive Dr, Plainview NY 11803 - Plainview, NY
Long Island Condo and Home Specialists

Nina, You definitely have a handle on all the housing stats for Tega Cay Both Sellers and buyers benefit from your expertise!

May 19, 2022 06:34 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, great market update for Tega Cay, and with the 104.7% still shouts that it is not slowing down at all.

May 19, 2022 06:36 AM
Will Hamm
Hamm Homes - Aurora, CO
"Where There's a Will, There's a Way!"

Hello Nina and great to know about record high in price in this area.  Hope you are having a recond year.

 

May 19, 2022 07:59 AM
Bob "RealMan" Timm
Ward County Notary Services - Minot, ND
Owner of Ward Co Notary Services retired RE Broker

Again, what a remarkable market Nina Hollander, Broker . I hope all is well with you as I know I heard a news blub today (or yesterday) that made me pray for your safety. 💑

May 19, 2022 08:49 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Eric Bouler pretty picture today... I love it! Thanks for popping by and wishing you a terrific Thursday.

May 19, 2022 08:58 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Brian England hi Brian... all that talk about homes taking longer sell... not so much in April in Tega Cay. We'll see what May brings.

May 19, 2022 09:00 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Lawrence "Larry" & Sheila Agranoff. Cell: 631-805-4400 thanks, Sheila... I dread having a buyer ask me about homes in Tega Cay these days... there's just nothing on the market!

May 19, 2022 09:01 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Joan Cox hi Joan... Tega Cay is such a small little town of 4.5 square miles and chunk of that is the golf course, it can be a very competitive market for people who want to live there... people tend to move in and stay.

May 19, 2022 09:03 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Will Hamm thanks, Will, for stopping by my post on Tega Cay this morning. Wishing you a lovely Thursday.

May 19, 2022 09:04 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Bob "RealMan" Timm hi Bob... now you have me seriously curious... what did you hear that concerned you. All seems well at my end of the world.

May 19, 2022 09:12 AM
Bob "RealMan" Timm

Off the top of my head I think it was another mall shooting Nina Hollander, Broker .

May 19, 2022 09:16 AM
Nina Hollander, Broker

Bob "RealMan" Timm nothing anywhere close to me. I think something happened some weeks ago in South Carolina.

May 19, 2022 11:46 AM
Kathy Streib
Cypress, TX
Retired Home Stager/Redesign

Hi Nina- Those stats for the Tega Cay Home market are astounding. Sold in 8 days- amazing. 

May 19, 2022 10:47 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Kathy Streib hi Kathy... it will be interesting to see what the market is looking like in the next several months.

May 19, 2022 11:47 AM
Sheri Sperry - MCNE®
Coldwell Banker Realty - Sedona, AZ
(928) 274-7355 ~ YOUR Solutions REALTOR®

Hi Nina, Tega Cay SC sounds like a wonderful area.  

May I make a suggestion...

You cover NC and SC.  How about a blog on the differences and similarities of the 2 different states you cover?  What are the advantages of each area?  What are the taxes like? What about the difference in schools?  Just a thought.

 

May 19, 2022 03:13 PM
Endre Barath, Jr.
Berkshire Hathaway HomeServices - Beverly Hills, CA
Realtor - Los Angeles Home Sales 310.486.1002

Nina take advantage of this momentum, things are changing... just my observations, Endre

May 19, 2022 10:51 PM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Sheri Sperry - MCNE® hi Sheri... thanks for the suggestions... in essence, the areas I cover in South Carolina are just bedroom community extensions of the Charlotte metro area. There's really no big difference for me than covering adjoining towns and counties to Charlotte in NC. I already do an annual update on schools in the Greater Charlotte area which includes the SC schools just over the state border.

May 20, 2022 04:44 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Endre Barath, Jr. hi Endre... things are changing here already, but for now the change is minimal and until inventory increases it doesn't have a ton of impact on our market in the short run, as my market reports have shown throughout the Charlotte Region for the month of April. Needless to say, I'm watching the market very carefully. Earlier this morning, I looked at trends in our MLS for the week ending May 7th... in the Charlotte region inventory is still down considerably and new listings were up less than 5% year-over-year. The Asheville and Catawba Valley regions' listings increased 28.9% and 16.1% respectively during the same time frame... but their inventory is also down. Demand is still outstripping supply. We'll see how long that lasts.

May 20, 2022 04:49 AM
Myrl Jeffcoat
Sacramento, CA
Greater Sacramento Realtor - Retired

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

May 20, 2022 11:01 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Myrl Jeffcoat thanks, Myrl for popping by today. Wishing you a wonderful weekend ahead!

May 20, 2022 01:56 PM