Tega Cay SC Homes Sales Report For August and September 2008

It’s time for another home sales report for Tega Cay SC. I pulled numbers together for home sales August 1 through October 1, 2007 and the same time period 2008 to make the year to year comparison.

I decided to use data from the two MLS systems representing our area. I pulled data from the Charlotte and Piedmont MLS (both have properties listed that are unique to only their system so to get true numbers I had to combine them).

Tega Cay Home Sales Report Oct 1 2008

Tega Cay Home Sales Report Oct 1 2008

Tega Cay Market Snapshot (text version)

Aug 1st to Oct. 1 2007

# of homes sold 37

Average Original List Price 328K

Average Sold Price 315K

% List to Sold Ratio 96%

Days On Market 87

Home sold price categories

Under 350K— 26

350-400— 4

401-500— 1

500+– 6 Three water front, one anchorage water view, two lake shore regular lots.

Aug 1st to Oct. 1 2008

#of homes sold 25

Average Original List Price $337K

Average Sold Price $308K

% List to Sold 91.5%

Days On Market 139

Home sold price categories

Under 350K — 20

350- 400 —- 2

401- 500 —- 0

500+— 3 One custom new construction, others water front

Observation- During the two month period average original list price has increased by less than 2.8% while the actual average sold price has decreased by 2.2%. Days on market have increased by 60% and the number of homes sold has decreased by 33%. There are currently 132 listed homes for sale in Tega Cay SC.

For more information or to discuss the market analysis further please contact me.

If you would like to seach available homes for sale or rent in Tega Cay click here to go to my free home search tool.

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Carmen S Miller

Century 21 First Choice
Fort Mill, SC

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