Tega Cay Real Estate April 2024

TEGA CAY REAL ESTATE APRIL 2024 HIGHLIGHTS

Tega Cay real estate April 2024 saw home sales increase almost 26.32% month-over-month and 100% year-over-year. Median and average sale prices improved from one month ago and one year ago. Days on market declined a third consecutive month by almost 24% to 13 days (the lowest days on market in Tega Cay since July 2022). New listings were down compared with one month ago and one year ago. Housing inventory declined after two consecutive months of increases. The months supply of inventory declined by one month to 3.0 months, pushing Tega Cay back into home seller territory. The list to sale price ratio was just over 100%, up slightly from one month ago and flat compared with one year ago. Tega Cay home buyers did not see much opportunity to negotiate on price in April 2024.

TEGA CAY REAL ESTATE:  MARCH 2024 SNAPSHOT

HOUSING INVENTORY IN TEGA CAY DOWN AFTER TWO CONSECUTIVE MONTHS OF GROWTH

Tega Cay’s number of properties for sale in April 2024 declined 5.26% to 72 from the previous month of March which saw 76 properties for sale. Compared with April 2023, Tega Cay inventory increased 7.46% from 67 properties for sale one year ago. April 2024 also saw more inventory compared with April 2022, which had 60 properties for sale. The April 2024 inventory was at its highest level compared with April 2023 and 2022.

Month-over-month, the months supply of inventory declined from 4 months in March 2024 to 3 months in April, pushing Tega Cay back into home seller “territory.”

NEW LISTINGS DECLINED

New listings in Tega Cay declined in April 2024 to 25 from 28 in the previous month of March. Compared with April 2023, new listings were 10.71% lower when Tega Cay had 28 new listings. New listings in April 2024 were considerably lower than in April 2022 when Tega Cay had 40 new listings come on market.

TEGA CAY SALES UP

Tega Cay had 24 closed sales in April 2024, up 26.32% from 19 sales in the previous month of March.  April 2024 sales were up 100% compared with April one year ago, which saw 12 sales. Sales also were higher compared with April 2022, which saw 22 sales.  

DAYS ON MARKET DECLINED A THIRD CONSECUTIVE MONTH

On average, Tega Cay homes sold in 13 days in April 2024, declining 23.53% from 17 days in March 2024. Days on market declined 43.48% from 23 days compared with April 2023. Days on market were six days higher in April 2024 than in April 2022. Tega Cay’s days on market were at their lowest level since July 2022, when DOM in Tega Cay were 17 days.

TEGA CAY HOME SALE PRICES UP MONTH-OVER-MONTH & YEAR-OVER-YEAR

Average price of sold homes in April 2024 was $633,381, up 20.15% from the prior month of March.  Compared with April 2023, average sale price was 18.21% higher than the $535,821 one year ago. Tega Cay’s average sale price was at its highest level compared with April 2023 and 2022.

Median sale price of Tega Cay homes in April 2024 was $595,000, up 27.96% from $465,000 in the previous month of March. Median sale price increased 14.42% from $520,000 year-over-year. Tega Cay’s median sale price was at its highest level compared with April 2023 and 2022.

Price per square foot was $236 in April 2024, up 3.96% from $227 in the previous month of March. Compared with April 2023, price per square foot was 9.77% higher than the $215 one year ago.

TEGA CAY HOMES LIST TO SALE PRICE RATIO JUST OVER 100%

Sellers received 100.16% of listing price in April 2024, up from 99.49% in the previous month of March. The list to sale price ratio was flat compared with April one year ago.

 

MEDIAN HOME PRICE TRENDS IN TEGA CAY, SC

ROLLING 12-MONTH AVERAGE

 

 

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?

 

I can help.

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

There’s absolutely NO OBLIGATION. A consultation with Nina Hollander is FREE. 

 

 

 

Did you know… Tega Cay has been ranked by niche.com as…

• The #2 best place/suburb to live in in the Charlotte metro area?
• The #1 best place/suburb to live in South Carolina?
• The #1 best place/suburb to raise a family in South Carolina?
• The #2 best place/suburb for public schools 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 me 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.

Note: If you don’t see your subdivision or complex, or the data looks incomplete, it’s because there weren’t enough properties sold in a given year.

I’m 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”

 

 

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, North Carolina real estate monthly update for Tega Cay, SC is provided by  Nina Hollander, Coldwell Banker Realty, Greater Charlotte  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 Tega Cay 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.”

 

 

PREVIOUS TEGA CAY REAL ESTATE UPDATES 

Tega Cay Real Estate Update: March 2024

Tega Cay Real Estate Update: February 2024     Tega Cay Real Estate Update: January 2024

Tega Cay Real Estate Update: December 2023  Tega Cay Real Estate Update: November 2023

Tega Cay Real Estate Update: October 2023   Tega Cay Real Estate Update: September 2023

Tega Cay Real Estate Update: August 2023  Tega Cay Real Estate Update: July 2023

Tega Cay Real Estate Update: June 2023  Tega Cay Real Estate Update: May 2023

Tega Cay Real Estate Update: April 2023