Tega Cay, South Carolina remained a home seller’s market in December 2020. Tega Cay’s housing market experienced much lower inventory levels and days on market in the month of December, along with considerably higher home sale prices. Buyer demand for Tega Cay homes continued to outstrip supply of homes for sale with closed and pending sales up significantly.

Tega Cay, SC Housing Market Snapshot: December 2020

 

Latest news on the Tega Cay real estate market in December 2020 and what it means for you…

Tega Cay, SC Housing Market UpdateTega Cay, South Carolina housing market was very much a home seller’s market in December 2020 as evidenced by key indicators such as lower months supply of homes, considerably less housing inventory, increasing home prices and lower days on market.

 

Tega Cay’s months of  housing inventory was 0.8 months, down 68% year-over-year from 2.5 months in December 2019; housing inventory was down 63% year-over-year. New listings increased 21.7% year-over-year, but did little to alleviate the overall lack of inventory in the Tega Cay area.

 

Pending sales increased 107.7% in Tega Cay in December 2020 compared with one year ago. Tega Cay’s closed sales increased 65% year-over-year.

 

On average, homes sold in 23 days, down 48 days compared with the same month one year ago. Median days on market also decreased 61 days to 7 days in December 2020.

 

Average price of sold homes increased 33.2% to $427,556, while the median sale price increased 37% to $411,000 versus the same month one year ago.  Price per square foot was $165, up $21/square foot versus the same month one year ago.

 

Sellers received a median 99.9% of listing price (up 3.3% year-over year) in final sale price showing a very small 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:

DECEMBER 2020 VERSUS DECEMBER 2019

 

 

Tega Cay Real Estate Report December 2020

 

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 10 HOTTEST TEGA CAY, SC AREA NEIGHBORHOODS  

Hot Fort Mill/Tega Cay Neighborhoods

 

 

SEARCH TEGA CAY, SC AREA HOMES HERE

 

  FREE Home Buyer Guide “Things To Consider When Buying A Home” 

 

WONDERING WHAT YOUR TEGA CAY AREA HOME IS WORTH?

What's My Home Worth? 

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.

 

Coldwell Banker RealVitalize Program For Home Sellers

 

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.”

 

Find Your Dream Tega Cay Home


 

 

Summary
Tega Cay, SC Real Estate Report: December 2020
Article Name
Tega Cay, SC Real Estate Report: December 2020
Description
Tega Cay, South Carolina remained a home seller's market in December 2020. Tega Cay's housing market experienced much lower inventory levels and days on market in the month of December, along with considerably higher home sale prices. Buyer demand for Tega Cay homes continued to outstrip supply of homes for sale with closed and pending sales up significantly.
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