Tega Cay, SC Housing Market Report: October 2023

By
Real Estate Agent with Coldwell Banker Realty 179530

Latest news on the Tega Cay, SC housing market in October 2023...

What you need to know now...

 

Key take-aways about the Tega Cay housing market in October 2023: 

  • Average home sale price declined month-over-month and increased slightly year-over-year.

  • Median home sale price declined from September 2023 and increased compared with October 2022.

  • Inventory declined month-over-month and year-over-year. Despite the decline in inventory and new listings, the months supply of inventory at 5.19 months kept Tega Cay a balanced market between home buyers and home sellers in October.

  • New listings declined 47+% from September 2023. Compared with October one year ago, new listings declined almost 35%.

  • Days on market increased 16 days from September to 31 days. 

  • Sold properties declined from the previous month of September and also compared with October one year ago.

  • At a 98.76% list to sale price ratio, Tega Cay home buyers are still not seeing a big opportunity to negotiate on price. 

 

TEGA CAY HOUSING MARKET HIGHLIGHTS: OCTOBER 2023

Tega Cay, SC Housing Market Update October 2023

 

FOR THE DETAILED

OCTOBER 2023 TEGA CAY, SC HOUSING MARKET REPORT, CLICK HERE

 

MEDIAN HOME PRICE TRENDS IN TEGA CAY, SC

 

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

I can help.

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

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Did you know Tega Cay has been ranked...

  • The #1 best place/suburb to raise a family in South Carolina?
  • The #2 best place/suburb to live in South Carolina?
  • The #6 best place/suburb to buy a house in South Carolina?

 

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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, Coldwell Banker Realty, Greater Charlotte area residential real estate expert and Tega Cay specialist. I've been opening doors for Tega Cay home buyers and sellers for 25 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 (26)

Dorie Dillard Austin TX
Coldwell Banker Realty ~ 512.750.6899 - Austin, TX
NW Austin ~ Canyon Creek and Spicewood/Balcones

Good morning Nina Hollander, Broker ,

I can understand the numbers better for Tega Cay with your comment "is a bit of a seasonal market as it sits on Lake Wylie... so lots of people focus in on it in early spring to get a head start on the boating season." That makes sense.

Nov 29, 2023 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, Despite the inventory figures for Tega Cay, the truth is that residences in premium neighborhoods can show different numbers.

Nov 29, 2023 06:09 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Dorie Dillard Austin TX hi Dorie... if there's anything I've learned about buyers who want to be on or very near water, it's that they want instant gratification. They don't want to buy a home in November and have to wait till April to get on the water.

Nov 29, 2023 09:15 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Lawrence "Larry" & Sheila Agranoff. Cell: 631-805-4400 hi Sheila... those premium neighborhoods not only can show differences to the overall market, they do so. Tega Cay started life as a remote fishing village we there are a lot of quirky homes out there that were just meant for summertime and fishing. These can take a bit of time to sell as they need very specific buyers.

Nov 29, 2023 09:16 AM
Sheri Sperry - MCNE®
Coldwell Banker Realty - Sedona, AZ
(928) 274-7355 ~ YOUR Solutions REALTOR®

Hi Nina,

My husband was an avid boater so I get the attraction to Tega Cay and how it is a seasonal area.  So it makes sense on what Wayne Martin says.  Buyers may be able to negotiate well right now especially if they have cash and are ready to go. 

Nov 29, 2023 09:33 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Sheri Sperry - MCNE® Hi Sheri, sadly, if you are looking at homes on Lake Wylie or so close as makes no difference they don't come on market often... and they sell quickly without having to give a lot in price reductions.

Nov 29, 2023 10:25 AM
Roy Kelley
Retired - Gaithersburg, MD

Thank you very much, Nina, for your excellent local area reports. I shared this one on Twitter.

Nov 29, 2023 11:16 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Hi Roy... thank you so, so much! I don't post these all that often on Twitter, so happy for the exposure!

Nov 29, 2023 11:23 AM
Kathy Streib
Cypress, TX
Home Stager/Redesign

Hi Nina- Tega Cay has always been a favorite of mine. I love the Tega Cay Trail and River Launch and can see why this area attracts boaters. 

Nov 29, 2023 05:37 PM
Brian England
Ambrose Realty Management LLC - Gilbert, AZ
MBA, GRI, REALTOR® Real Estate in East Valley AZ

The stats tell the story and it sounds like Tega Cay would be a wonderful place to call home!

Nov 30, 2023 03:47 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Kathy Streib hi Kathy... I know you are fascinated by Tega Cay the way our friend Brian England is fascinated by Indian Land! :)

Nov 30, 2023 04:39 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Brian England good morning, Brian... Tega Cay is a tiny little place with lots of housing options, close to Charlotte, great schools. What's not to like?

Nov 30, 2023 04:40 AM
Patricia Feager, MBA, CRS, GRI,MRP
DFW FINE PROPERTIES - Flower Mound, TX
Selling Homes Changing Lives

Nina Hollander, Broker - Tega Cay sounds exactly like a place that would please me because it is a tiny little upscale, lake-side community! Who doesn't want quality life style without the congestion? Compared to Mint Hill, Tega Cay sounds very stable and it would have to be a very good reason why anyone currently living there would want to move. However, population is a factor. Still in all, it sounds like the wait to purchase is worth it! 

Nov 30, 2023 09:30 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Patricia Feager, MBA, CRS, GRI,MRP hi Patricia... I always say that Charlotte enjoys the embarrassment of riches... Tega Cay and Mint Hill are very different. Tega Cay is more of lake living while Mint Hill is still enjoying lots of farms around the area.

Nov 30, 2023 09:38 AM
Paul S. Henderson, REALTOR®, CRS
Fathom Realty Washington LLC - Tacoma, WA
South Puget Sound Washington Agent/Broker!

Who could forget Tega Cay Nina. it is one of my favorite areas that you service 🙂

Nov 30, 2023 04:22 PM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Paul S. Henderson, REALTOR®, CRS good morning, Paul.... I would guess it would be as it probably reminds of of the Puget Sound area. 

Dec 01, 2023 04:51 AM
Matthew Klinowski, PA
Downing Frye Realty - Naples, FL
Naples Golf Guy | Find Your Dream Lifestyle

Nina, this looks like a beautiful community. I can see why it is so popular. Sorry to see inventory declining. I hope you see more listings soon! Enjoy your weekend. Matt

Dec 01, 2023 08:39 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Matthew Klinowski, PA thanks for the good wishes, Matt. :) Lack of inventory has been an issue in the Charlotte region for years now.

Dec 01, 2023 09:26 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.

Dec 08, 2023 09:27 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Myrl Jeffcoat hi Myrl... thanks for popping by. Trust you've had a fantastic Friday and a good week.

Dec 08, 2023 02:02 PM