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 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.
Carmen S Miller
Century 21 First Choice Fort Mill, SC 803.322.3479 carmen.miller@century21.com
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