October '22 Sun City Texas Real Estate Report presented by Rugg Realty
TEXT Version
Sun City Texas Real Estate Report© & Home Sales Summary
October 2022 Results
See online at www.SunCity https://www.ruggrealty.com/sun-city-tx-real-estate-market-reports/
|
October-22 |
October-21 |
|
Summary |
Sale Price |
Sale Price |
Change from prior year |
Low |
$290,000 |
$275,000 |
5.5% |
High |
$785,000 |
$767,000 |
2.3% |
Average |
$484,731 |
$432,406 |
12.1% |
Median |
$460,000 |
$410,000 |
12.2% |
Units Sold |
35 |
49 |
-28.6% |
Days on Market |
31 |
11 |
181.8% |
|
Oct YTD 22 |
Oct YTD 21 |
|
Summary |
Sale Price |
Sale Price |
Change from prior year |
Low |
$250,000 |
$200,000 |
25.0% |
High |
$869,990 |
$925,000 |
-5.9% |
Average |
$479,268 |
$404,035 |
18.6% |
Median |
$450,750 |
$379,500 |
18.8% |
Units Sold |
412 |
477 |
-13.6% |
Days on Market |
14 |
12 |
16.7% |
Data gathered from ACTRIS MLS Nov. 2, 2022
Month of October 2022. Unit sales of 35 homes is 29% lower than prior year’s volume of 49. Average and Median Sale Price are both 12% ahead of one year ago, primarily due to the mix of properties sold. On a cost per sq. ft. basis the increase is a more modest 8.2% ending at $256.6. See attached sheets. Days on Market continue to increase, now 31 days vs 11 days just one year ago. Inventory has increased to 91 resales and 50 days on market. Looking ahead to November 2022, there are 33 re-sale homes currently contingent or under contract/pending. We are on pace to fall well below last November total of 53.
October YTD Unit sales is a quite respectable 412 home sold with both Average & Median Sale Price 18.6% ahead of this time las year. It is noteworthy that the cost per sq ft for the month of $256.6, fell below the cost per sq ft for the YTD of $259.1. With inventory increasing, market slowing down and upcoming holiday season, we can expect pricing to be vulnerable to further softness.
The Sun City Texas Real Estate Report is an analysis of sales activity for consumers who have an interest in Sun City Texas home values. Its use is not intended to value a specific property or predict future valuations. If you find this report of value, please Follow Us on Facebook. For more information contact your Rugg Realty agent.
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Sun City Texas Price Per Sq. Ft. Oct 2022
October-22 |
October-21 |
|
|
Summary |
Sales Price / Sq Ft |
Sales Price / Sq Ft |
Change from prior year |
Low |
$207.6 |
$184.3 |
12.6% |
High |
$311.5 |
$298.7 |
4.3% |
Average |
$256.6 |
$237.2 |
8.2% |
Median |
$261.3 |
$236.2 |
10.6% |
Units Sold |
35 |
49 |
-28.6% |
|
Oct YTD 22 |
Oct YTD 21 |
|
Summary |
Sales Price / Sq Ft |
Sales Price / Sq Ft |
Change from prior year |
Low |
$183.0 |
$133.6 |
36.9% |
High |
$341.4 |
$336.3 |
1.5% |
Average |
$259.1 |
$214.1 |
21.0% |
Median |
$258.9 |
$213.1 |
21.5% |
Units Sold |
412 |
477 |
-13.6% |
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