Sun City Texas Real Estate Report© & Home Sales Summary
September 2014 Results
See online at www.SunCityTexasRealEstateReport.com
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September-14 |
September-13 |
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Summary |
Sale Price |
Sale Price |
Change from prior year |
|
Low |
$165,000 |
$147,500 |
11.9% |
|
High |
$419,500 |
$370,000 |
13.4% |
|
Average |
$273,370 |
$245,798 |
11.2% |
|
Median |
$272,000 |
$245,000 |
11.0% |
|
Units Sold |
40 |
28 |
42.9% |
|
|
Sept YTD 14 |
Sept YTD 13 |
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Summary |
Sale Price |
Sale Price |
Change from prior year |
|
Low |
$145,500 |
$126,000 |
15.5% |
|
High |
$760,000 |
$750,000 |
1.3% |
|
Average |
$276,567 |
$231,795 |
19.3% |
|
Median |
$259,900 |
$217,400 |
19.5% |
|
Units Sold |
268 |
366 |
-26.8% |
Data gathered from ACTRIS MLS October 4, 2014
Month of Sept. 2014 – After a dismal August, September has rebounded and made up some lost ground. Units sold jumped to 40 compared to just 28 one year ago, a 43% increase. Selling prices have increased across the board with the average home in Sun City TX selling for $273.4k, 11.2% more than last year. Looking ahead to October, there are 31 re-sale homes currently contingent or under contract/pending, compared to last year’s 30 sales in October 2013, so Oct. 2014 will be comparable to last year in unit sales volume.
Year-To-Date Sept. 2014 – Sales prices for the year are up 19.3% on average compared to prior year. Increases on a cost per square foot basis are slightly lower in comparison up 16.4% (see 13 mo. rolling total report). Unit volume of 268 sales remains well behind last year’s volume of 366, a 27% shortfall. Current inventory is also lower than previous months with just 67 re-sale homes available. With only 2.2 months of inventory available, this will put pressure on sales prices to escalate.
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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