Sun City Texas Real Estate Report© & Home Sales Summary July 2014
Text Version
See online at www.SunCityTexasRealEstateReport.com
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|
July-14 |
July-13 |
|
|
Summary |
Sale Price |
Sale Price |
Change from prior year |
|
Low |
$161,500 |
$148,000 |
9.1% |
|
High |
$640,000 |
$595,000 |
7.6% |
|
Average |
$287,434 |
$226,951 |
26.7% |
|
Median |
$252,835 |
$194,500 |
30.0% |
|
Units Sold |
41 |
55 |
-25.5% |
|
|
July YTD 14 |
July YTD 13 |
|
|
Summary |
Sale Price |
Sale Price |
Change from prior year |
|
Low |
$145,500 |
$126,000 |
15.5% |
|
High |
$760,000 |
$750,000 |
1.3% |
|
Average |
$274,318 |
$229,217 |
19.7% |
|
Median |
$255,000 |
$210,000 |
21.4% |
|
Units Sold |
204 |
291 |
-29.9% |
Data gathered from ACTRIS MLS August 3, 2014
Month of July 2014 – The story remains the same as in recent months. Sales volume is down 25% compared to last year, but sales prices continue to move upward. Average sales prices were up 26% and median sales prices escalated to 30% above one year ago. Entry level and high-end homes also saw more modest increases of 9% & 8% respectively. Looking ahead to August,there are 31 re-sale homes currently contingent or under contract/pending, compared to last year’s 46 sales in August 2013, so it appears July 2014 will have a 30% shortfall in volume sold.
Year-To-Date July 2014 – With consistent month-to-month results, the YTD numbers don’t change very much. Sales volume is down 30% compared to prior year, but consistent with a normal year’s unit volume. Average selling prices are up to $274.3k nearly a 20% increase over one year ago. Home buyers looking in Sun City Texas are faced with a tough reality that things cost more than last year. Home sellers in Sun City Texas are enjoying strong prices despite the lower volume from a year ago.
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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