Sun City Texas Real Estate Report & Home Sales Feb 2015
by Rugg Realty
Text Version
Sun City Texas Real Estate Report© & Home Sales Summary
February 2015 Results
See online at www.SunCityTexasRealEstateReport.com
|
February-15 |
February-14 |
|
Summary |
Sale Price |
Sale Price |
Change from prior year |
Low |
$177,500 |
$147,000 |
20.7% |
High |
$475,000 |
$470,000 |
1.1% |
Average |
$292,800 |
$253,560 |
15.5% |
Median |
$289,500 |
$235,000 |
23.2% |
Units Sold |
35 |
21 |
66.7% |
|
Feb YTD 15 |
Feb YTD 14 |
|
Summary |
Sale Price |
Sale Price |
Change from prior year |
Low |
$168,917 |
$147,000 |
14.9% |
High |
$475,000 |
$760,000 |
-37.5% |
Average |
$294,102 |
$265,173 |
10.9% |
Median |
$298,000 |
$250,000 |
19.2% |
Units Sold |
47 |
45 |
4.4% |
Data gathered from ACTRIS MLS March 6, 2015
Month of Feb. 2015 – This was a rollicking month of sales. February made up all of the lost ground from January and then some. 35 units sold vs. 21 last year is a 67%increase. Sales prices in all categories are up across the board with the average pegged at $293K a 15.5% increase over one year ago. Entry-level homes also surged in price to $177.5K, a 21% increase from prior year. A noteworthy statistic is that the most expensive home ever sold in Sun City on a cost per square foot basis sold this month, brokered by Rugg Realty LLC. See rolling 13-month total report for details. Looking ahead to March 2015, there are 51 re-sale homes currently contingent or under contract/pending compared to last year’s 27 sales in March 2014. March 2015 will easily exceed last year in unit volume.
Feb. YTD – Unit volume is up 4.4% and the average sales price is $294.1k, an 11% increase over this time one year ago. With the strong showing of properties under contract, March year-to-date will inevitably exceed 2014 and the only real question is, “by how much”? If there is any worry Sun City Texas should have, it is becoming priced out of many of our traditional buyer’s price ranges that helped make the community what it is today.
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’s use is not intended 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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