Tega Cay Real Estate August 2024

TEGA CAY REAL ESTATE AUGUST 2024 HIGHLIGHTS

Tega Cay real estate August 2024 saw home sales decline a third consecutive month. Median and average sale prices were up month-over-month and year-over-year, increasing to their highest levels compared with August 2023 and 2022. Days on market declined to their second lowest level in 2024 and were considerably lower than in August 2023 and 2022.  New listings increased month-over-month, but declined year-over-year. Housing inventory increased to its highest level in two years. The months supply of inventory at 5.6 months pushed Tega Cay into a balanced market between home buyers and home sellers. The list to sale price ratio declined 1.17% to 98.03% from one month ago and declined 1.85% from August one year ago.

TEGA CAY REAL ESTATE: AUGUST 2024 SNAPSHOT

HOUSING INVENTORY AT ITS HIGHEST LEVEL IN TWO YEARS

Tega Cay properties for sale in August 2024 increased 3.7% to 84 from 81 in the previous month of July. Compared with August 2023, Tega Cay inventory was 16.67% higher than the 72 properties one year ago. August 2024 inventory was equal to that of August 2022.

Month-over-month, Tega Cay’s months supply of inventory increased to 5.6 months from 3.75 months in July, pushing Tega Cay into a more balanced market between home buyers and sellers. Compared with August 2023 and 2022, the months supply of inventory was at its highest level in August 2024.

NEW LISTINGS UP

New listings in Tega Cay increased in August 2024 to 24 from 19 in the previous month of July. Compared with August 2023, new listings were 17.24% lower when Tega Cay had 29 new listings. New listings in August 2024 were lower than in August 2022 when Tega Cay had 29 new listings come on market.

TEGA CAY SALES DECLINED A 3RD CONSECUTIVE MONTH

Tega Cay had 15 sales in August 2024, down 25% from 20 sales in the previous month of July.  The number of sales was 67.39% lower than in August 2023, which saw 46 sales. Sales were also lower compared with August 2022, which saw 45 sales.  

DAYS ON MARKET DECLINED TO THEIR 2ND LOWEST LEVEL IN 2024

Days on market in Tega Cay declined to 14 days from 31 in August 2024. Days on market also declined 14 days compared with August 2023. Days on market were 7 days lower in August 2024 than in August 2022. 

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

Average sale price in August 2024 was $765,533, up 18.3% from $647,133 in the previous month of July.  Compared with August 2023, average sale price was 55.89% higher than the $491,075 one year ago. Tega Cay’s average sale price was at its highest level compared with August 2023 and 2022. 

Median sale price of Tega Cay homes in August 2024 was $640,000, up 3.23% from $620,000 in the previous month of July. Median sale price increased 51.03% from $423,762 year-over-year. Tega Cay’s median sale price was at its highest level compared with August 2023 and 2022. 

Price per square foot was $254 in August 2024, up 4.53% from $243 in the previous month of July. Compared with August 2023, price per square foot was 18.69% higher than $214 one year ago. August’s price per square foot was at its highest level in the past three years.

TEGA CAY HOMES LIST TO SALE PRICE RATIO DECLINED

Sellers received 98.03% of listing price in July 2024, down from 99.2% in the previous month of July and down from 99.88% in August 2023. 

 

MEDIAN HOME PRICE TRENDS IN TEGA CAY, SC

ROLLING 12-MONTH AVERAGE

 

 

 

`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.

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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.

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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, North Carolina update for Tega Cay real estate in August 2024 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 REPORTS

 

Tega Cay Real Estate Report: July 2024

Tega Cay Real Estate Report: June 2024

Tega Cay Real Estate Report: May 2024

Tega Cay Real Estate Report: April 2024

Tega Cay Real Estate Report: March 2024

Tega Cay Real Estate Report: February 2024

Tega Cay Real Estate Report: January 2024

 

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