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Sun City Texas Real Estate Report & Home Sales Summary May 2013

By
Real Estate Broker/Owner with Rugg Realty LLC Sun City Texas 512-818-6700 9000211

 

 

Sun City Texas Real Estate Report & Home Sales Summary May 2013

Sun City Texas Real Estate Report & Home Sales Summary May 2013

Text Version

 

May 2013 Results

 

See online at www.SunCityTexasRealEstateReport.com 

 

 

May-13

May-12

 

Summary

Sale Price

Sale Price

Change from prior year

Low

$147,900

$135,000

9.6%

High

$695,000

$426,900

62.8%

Average

$246,324

$219,012

12.5%

Median

$230,000

$195,500

17.6%

Units Sold

45

45

0.0%

       

 

May YTD 13

May YTD 12

 

Summary

Sale Price

Sale Price

Change from prior year

Low

$126,000

$110,000

14.5%

High

$695,000

$426,900

62.8%

Average

$228,574

$212,193

7.7%

Median

$209,900

$194,000

8.2%

Units Sold

193

137

40.9%

 

Data gathered from ACTRIS MLS June 4, 2013 

 

Month of May 2013 – Any way one slices it, the record setting sales continue.  Sales prices are up across the board, with the average increase of 12.5% and the median up 17.6% over prior year.  The high-end selling price is accurate, but distorted since it includes the sale of a custom-built home here in Sun City TX and skews the numbers abnormally high. The entry level of the market is also seeing significant increases of 9.6% vs. one year ago.  The rise in entry-level pricing is challenging many buyers and is making it difficult to make Sun City their new destination.  There are only 38 Pending Sales on the books, compared to 53 this time last month.  June could be the first time we will see total sales limited by insufficient inventory.

 

Year To Date May 2013 – Average sales prices of $228.6k are 7.7% ahead of last year and tells whole story.  Unit sales are up 41% and inventory has just 59 re-sales available with an additional 6 new “spec” homes from Pulte for a total of 64.  This results in just 1.5 months of inventory available.

 

The Sun City Texas Real Estate Report is an analysis of sales activity for use by consumers who have an interest in Sun City Texas home values.  It is not intended for use to value a specific property or predict future valuations.  For more information contact Brian@RuggRealty.com or call 512-966-3200.

Posted by

 

Brian Rugg

Rugg Realty, Sun City Texas, Georgetown TX

Serving consumers interested in Sun City Texas New & Resale Homes For Sale and Home Owners Interested in Selling Their Sun City Texas Home.

Sun City Texas Real Estate. Sun City Texas MLS Search. Sun City Texas by Del Webb. Sun City Texas New Homes, Sun City Texas Resale Homes

www.RuggRealty.com

Brian@RuggRealty.com

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