Sun City TX Real Estate Report October 2013 frorm Rugg Realty LLC
Text Version Below
October 2013 Results
See online at www.SunCityTexasRealEstateReport.com
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|
October-13 |
October-12 |
|
|
Summary |
Sale Price |
Sale Price |
Change from prior year |
|
Low |
$157,000 |
$139,000 |
12.9% |
|
High |
$646,000 |
$338,000 |
91.1% |
|
Average |
$239,843 |
$195,325 |
22.8% |
|
Median |
$221,475 |
$170,000 |
30.3% |
|
Units Sold |
30 |
26 |
15.4% |
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|
Oct YTD 13 |
Oct YTD 12 |
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|
Summary |
Sale Price |
Sale Price |
Change from prior year |
|
Low |
$126,000 |
$110,000 |
14.5% |
|
High |
$750,000 |
$482,500 |
55.4% |
|
Average |
$232,584 |
$209,353 |
11.1% |
|
Median |
$218,000 |
$191,000 |
14.1% |
|
Units Sold |
393 |
332 |
18.4% |
Data gathered from ACTRIS MLS November 2, 2013
Month of Oct. 2013 – Octoberrebounded from the unexpectedly soft September resultswith 30 units sold vs. 26 one year ago, a 15% increase. However, if one looks at Sept. & Oct. combined, there is still a short fall of 11 units sold, a 16% reduction. Lack of inventory remains a problem particularly for entry-level homes under $200k. Prices continue to rise with the average reaching close to $240k, a 23% increase over prior year. There are 39 pending or contingent re-sale homes on the books, so November will be strong!
Year To Date Oct. 2013 – Volume of homes sold is up 18.4%, average sales prices are up 11.1% over prior year and the median price rose to $218,000 a 14.1% increase. Year-end totals for re-sale homes sold now looks as if it could reach 450+.
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.
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