Tega Cay, SC Housing Market Report: November 2023

By
Real Estate Agent with Coldwell Banker Realty 179530

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

What you need to know now...

 

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

  • Average home sale price improved month-over-month, but declined year-over-year.

  • Median home sale price declined both month-over-month and year-over-year. The decline in median sale price can be attributed to the price mix of homes sold in Tega Cay in November 2023 and not necessarily to a decline in home values. 

  • Inventory declined month-over-month and increased by one home year-over-year. Despite the decline in inventory and new listings, the months supply of inventory at 3.68 months (down from 5.19 months one month ago) put Tega Cay back into "seller territory."

  • New listings declined 36+% from October 2023 and 40% from November one year ago. November’s new listings were also at their lowest level in 3+ years.

  • Days on market declined two days from October to 28 days and remained unchanged compared to one year ago.

  • Sold properties improved almost 16% from one month ago, but declined compared with November one year ago.

  • At a 98.26% list to sale price ratio, Tega Cay home buyers are still not seeing a huge opportunity to negotiate on price. 

 

TEGA CAY HOUSING MARKET HIGHLIGHTS: NOVEMBER 2023

Tega Cay, SC Housing Market Report: November 2023

 

FOR THE DETAILED

NOVEMBER  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.

There’s absolutely NO OBLIGATION. 

A consultation with Nina Hollander is FREE

   

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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WONDERING WHAT YOUR TEGA CAY AREA HOME IS WORTH?

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 FREE  Home Seller Guide: "Things To Consider When Selling Your House"

 

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 (12)

Kathy Streib
Cypress, TX
Home Stager/Redesign

Hi Nina- it looks as if buyers for the Tega Cay, SC market are still having a hard time. My suggestion...call YOU!! 

Dec 28, 2023 11:18 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Kathy Streib hi Kathy, I appreciate that suggestion, but without listings nothing much I can do for Tega Cay buyers. These days I dread buyer calls... what I need are seller calls. :)

Dec 28, 2023 11:22 AM
Lise Howe
Keller Williams Capital Properties - Washington, DC
Assoc. Broker in DC, MD, VA and attorney in DC

I love reading your market reports - they are always so fascinating - good news that days on market is pretty steady. 

Dec 28, 2023 08:43 PM
Endre Barath, Jr.
Berkshire Hathaway HomeServices California Properties - Beverly Hills, CA
Realtor - Los Angeles Home Sales 310.486.1002

Nina Hollander, Broker  you are so good at these reports like John Pusa  for me market reports are work in progress, Endre

Dec 28, 2023 11:52 PM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Lise Howe good morning, Lise, and thanks for popping by. Are you back home from your Christmas travels now?

Dec 29, 2023 04:42 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Endre Barath, Jr. good morning, Endre... market reports are somewhat of a work in progress for me, as well. But I have a basic template and just tweak it from time to time.

Dec 29, 2023 04:43 AM
Roy Kelley
Retired - Gaithersburg, MD

Families on the move will appreciate your local real estate reports. I posted this one on X.

Dec 29, 2023 08:45 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Thank you, Roy, as always for both stopping by and reposting on X. Wishing you and Dolores a lovely New Year's weekend.

Dec 29, 2023 09:11 AM
John Pusa
Glendale, CA

Hello Nina Hollander, Broker very valuable detailed housing market report for Tega Cay, South Carolina.

Dec 29, 2023 04:53 PM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

John Pusa good morning and thank you, John, for the nice comment. Wishing you a wonderful New Year Weekend.

Dec 30, 2023 05:38 AM
Lise Howe
Keller Williams Capital Properties - Washington, DC
Assoc. Broker in DC, MD, VA and attorney in DC

Nina Hollander, Broker - I am back!  We got back on the 28th - we left NYC at 4:30 am to drop Lise Courtney and her husband off at the Newark Airport for a 7 am flight - we had (I had) the great idea to drive to Princeton to the Nassau Inn for breakfast - and it turned out that the restaurant there didn't open until 7 - rather than hang around an empty hotel - we got back on the road and had breakfast on I-95 at the Dunkin Donuts - It was great to spend time wtih the boys and my children - we ate a lot and laughed and hugged. 

Dec 30, 2023 08:03 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Lise Howe as long as you had a wonderful Christmas.... that's all that matters. I don't think I've ever had breakfast at a Dunkin Donuts. I've had the donuts, but always at home. Of course, here in NC, it's more likely to be a Krispy Kreme.

Dec 30, 2023 08:14 AM