Tega Cay Real Estate July 2024

TEGA CAY REAL ESTATE JULY 2024 HIGHLIGHTS

Tega Cay real estate July 2024 saw home sales decline a second consecutive month. Median and average sale prices were unchanged from one month ago, but increased to their highest levels compared with July 2023 and 2022. Days on market increased by 10 days to 31 days compared with one month ago and one year ago.  New listings declined just under 30% from one month ago and almost 41% from one year ago. Housing inventory declined 5.06% month-over-month and was unchanged year-over-year. The months supply of inventory at 3.75 months kept Tega Cay in home seller territory. The list to sale price ratio increased  to 99.2%, providing Tega Cay home buyers minimal opportunity to negotiate on price.

TEGA CAY REAL ESTATE:  JULY 2024 SNAPSHOT

HOUSING INVENTORY DOWN SLIGHTLY

Tega Cay properties for sale in July 2024 declined 5.06% to 75 from 79 in the previous month of June. Compared with July 2023, Tega Cay inventory inventory was unchanged. July 2024 inventory was lower by 11 properties compared with July 2022.

Month-over-month, Tega Cay’s months supply of inventory increased slightly to 3.75 months from 3.43 months in June, keeping Tega Cay in home seller “territory.” Compared with July 2023 and 2022, the months supply of inventory was at its highest level in July 2024.

NEW LISTINGS DECLINED A SECOND CONSECUTIVE MONTH

New listings in Tega Cay declined in July 2024 to 19 from 27 in the previous month of June. Compared with July 2023, new listings were 40.62%% lower when Tega Cay had 32 new listings. New listings in July 2024 were considerably lower than in July 2022 when Tega Cay had 42 new listings come on market.

TEGA CAY SALES DOWN A SECOND CONSECUTIVE MONTH

Tega Cay had 20 sales in July 2024, down 13.04% from 23 sales in the previous month of June.  The number of sales was flat compared with July one year ago, when there were 21 sales. Sales were considerably lower compared with July 2022, which saw 38 sales.  

DAYS ON MARKET UP MONTH-OVER-MONTH & YEAR-OVER-YEAR

Days on market in Tega Cay increased to 31 days from 21 in June 2024. Days on market also increased 10 days compared with July 2023. Days on market were 19 days higher in July 2024 than in July 2022. 

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

Average sale price in July 2024 was $647,133, equal to the previous month of June.  Compared with July 2023, average sale price was 17.17% higher than the $552,310 one year ago. Tega Cay’s average sale price was at its highest level compared with July 2023 and 2022. 

Median sale price of Tega Cay homes in July 2024 was $620,000, equal to the previous month of June. Median sale price increased 10.71% from $560,000 year-over-year. Tega Cay’s median sale price was at its highest level compared with July 2023 and 2022. 

Price per square foot was $243 in July 2024, up 7.05% from $227 in the previous month of June. Compared with July 2023, price per square foot was 8.48% higher than $224 one year ago. July’s price per square foot was at its highest level in the past three years.

TEGA CAY HOMES LIST TO SALE PRICE RATIO IMPROVED

Sellers received 99.2% of listing price in July 2024, up from 97.72% in the previous month of June and equal to that of July one year ago. Tega Cay home buyers did not see much opportunity to negotiate on price.

 

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.

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 update for Tega Cay real estate in July 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 UPDATES

Tega Cay Real Estate Update: June 2024      Tega Cay Real Estate Update: May 2024

                                                                                   Tega Cay Real Estate Update: April 2024       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

 

 

 

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