Sept. 2016 Sun City Texas Real Estate Report & Home Sales Summary

By
Real Estate Broker/Owner with Rugg Realty LLC Sun City Texas 512-818-6700 9000211

 

Sept. 2016 Sun City Texas Real Estate Report

& Home Sales Summary

Sept. 2016 Sun City Texas Real Estate Report & Home Sales Summary

Text Version

Sun City Texas Real Estate Report© & Home Sales Summary

September 2016 Results

See online at www.SunCityTexasRealEstateReport.com

 

September-16

September-15

 

Summary

Sale Price

Sale Price

Change from prior year

Low

$182,000

$156,450

16.3%

High

$511,000

$429,000

19.1%

Average

$298,543

$263,624

13.2%

Median

$287,500

$237,750

20.9%

Units Sold

37

42

-11.9%

       

 

Sept YTD 16

Sept YTD 15

 

Summary

Sale Price

Sale Price

Change from prior year

Low

$167,500

$156,450

7.1%

High

$855,000

$529,000

61.6%

Average

$284,052

$274,490

3.5%

Median

$265,000

$260,000

1.9%

Units Sold

336

347

-3.2%

Data gathered from ACTRIS MLS October 2, 2016

 

Month of September 2016 – The most striking thing about September’s sales results is that prices jumped up across the board. Every sales category had double digit increases compared to last year, with the average sale price coming in at $298.5k a 13.25% increase. Median sale price was up 21% to $287.5k. One has to search for anything contrary to say, so it may not seem like a big deal to report unit volume was down 12% based on 37 sales vs 42 one year ago.  Unit volume has been erratic all year, and one month’s shortfall is clearly not a trend.  With just 90 properties on the market, as Active or Active Contingent, there is only a 2.4-month supply of inventory.  If this continues prices will inevitably keep rising.  Looking ahead to October 2016, there are 56 re-sale homes currently Contingent or Under Contract/Pending compared to last year’s 33 sales in October 2015. We should see unit volume sales in excess of last year.

 

September YTD 2016-  Prices are up across the board in all categories.  Average sale price is up 3.5% and Median sale price is up 1.9%. Unit volume is down just 11 sales vs. one year ago, a 3.2% shortfall.  Reminder – a custom home sale is skewing the high-end sale results.

 

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.  Its use is not intended to value a specific property or predict future valuations.  For more information contact Brian@RuggRealty.com or call 512-818-6700.

Posted by

 

Brian Rugg

Rugg Realty, Sun City Texas, Georgetown TX

Serving consumers interested in Sun City Texas New & Resale Homes For Sale and Home Owners Interested in Selling Their Sun City Texas Home.

Sun City Texas Real Estate. Sun City Texas MLS Search. Sun City Texas by Del Webb. Sun City Texas New Homes, Sun City Texas Resale Homes

www.RuggRealty.com

Brian@RuggRealty.com

Comments (1)

MichelleCherie Carr Crowe .Just Call. 408-252-8900
Get Results Team...Just Call (408) 252-8900! . DRE #00901962 . Licensed to Sell since 1985 . Altas Realty - San Jose, CA
Family Helping Families Buy & Sell Homes 40+ Years

Thank you for a helpful look at your local real estate market.

Oct 04, 2016 02:11 PM