Tega Cay Real Estate February 2023
HOUSING INVENTORY SLIGHTLY HIGHER YEAR-OVER-YEAR | NEW LISTINGS DOWN YEAR-OVER-YEAR & MONTH-OVER-MONTH
Tega Cay’s number of properties for sale (69) in February 2023 decreased 5.5% from 73 properties for sale in January 2023. Compared with both February 2022 and February 2021 when inventory stood at 67 homes, Tega Cay housing inventory was 2.99% higher (equal to two properties). This was the lowest level of inventory Tega Cay has seen since April 2022, when inventory stood at 64 homes.
New listings in Tega Cay decreased to 17 in February 2023 from 23 in January 2023. Compared with February 2022, new listings are down 59.5% from 42 and also down from 22 new listings in January 2021. With the exception of December 2022, which had just 13 new listings, the number of new listings in February 2023 were the lowest in three years.
CLOSED SALES INCREASED MONTH-OVER-MONTH IN TEGA CAY IN FEBRUARY 2023
Tega Cay had 20 closed sales in February 2023, up from 16 homes sold in January 2023 and down from 22 sales in February 2022 and down from 28 sales in February 2021. February 2023 sales were at their lowest compared with February 2022 and 2021.
DAYS ON MARKET INCREASED YEAR-OVER-YEAR & MONTH-OVER-MONTH
On average, homes sold in 38 days, increasing 5 days compared with January 2023 and increasing significantly year-over-year from 15 days in both February 2022 and February 2021. With the exception of December 2022 when days on market were 41, February 2023 days on market were the highest Tega Cay has seen since November 2020.
HOME SALE PRICES IN FEBRUARY 2023
Average price of sold homes decreased 1.57% to $487,097 year-over-year from $494,868. Month-over-month, average home prices increased 1.94% from $477,807 in the previous month of January.
Median sale price of Tega Cay homes decreased 13.3% to $425,750 year-over-year, from $491,000. Median sale price decreased 7.84% from $461,968 in January 2023.
Price per square foot was $205, down 3.3% from $212 in January 2023 and 8.5% higher than $189 per square foot in February 2022.
TEGA CAY REAL ESTATE: MEDIAN HOME PRICE TRENDS
TEGA CAY HOMES SOLD AT 98.1% OF LIST PRICE IN FEBRUARY 2023
Sellers received 98.1% of listing price slightly up from the previous month’s list to sale price ratio of 97.8%. The ratio was down 3.57% year-over-year from 101.67% in February 2022. Tega Cay home buyers are seeing a small window of opportunity 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 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?
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?
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.
Tega Cay on Lake Wylie is All About Location, Location, Location and Lifestyle, Lifestyle, Lifestyle!
This Charlotte, North Carolina Tega Cay real estate monthly update is provided by Nina Hollander, Coldwell Banker Realty, Greater Charlotte region residential real estate expert and Tega Cay specialist. I’ve been opening doors for Tega Cay home buyers and sellers since 1999.
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.”
