Januaray 2018 Sun City Texas Real Estate Report & Home Sales Summary

By
Real Estate Broker/Owner with Rugg Realty LLC Sun City Texas 512-966-3200 9000211

Januaray 2018 Sun City Texas Real Estate Report

& Home Sales Summary

Januaray 2018 Sun City Texas Real Estate Report & Home Sales Summary

Text Version

Sun City Texas Real Estate Report© & Home Sales Summary

January 2018 Results

See online at http://www.ruggrealty.com/sun-city-tx-real-estate-market-reports/

 

 

January-18

January-17

 

Summary

Sale Price

Sale Price

Change from prior year

 Low

$191,000

$180,000

6.1%

High

$585,000

$527,000

11.0%

Average

$306,035

$324,178

-5.6%

Median

$270,000

$311,750

-13.4%

Units Sold

27

20

35.0%

Data gathered from ACTRIS MLS February 2, 2017

 

 

Month of January 2018 – Welcome to 2018 Sun City Texas Real Estate Report!  Unit volume took a big jump over prior year, up 35%, getting the year off on the right foot! Unfortunately, sale prices didn’t fare as well with Average Sale Price down 5.6% and Median Sale Price down 13.4%.  One month does not a year make, nor a trend.  I expect home prices to trickle upwards at a rate of 2% to 3%, but no dramatic jump in pricing. We are also beginning to see a wider spread in sales prices from recently built homes compared to the older homes on the market.  Our oldest homes are now more than 20 years old and many are in need of renovations or remodeling.  Understandably, these homes sell for less per sq. ft. compared to late model homes.  Looking ahead to February 2018, there are 47 re-sale homes currently contingent or under contract/pending compared to last year’s 33 sales in February 2018 is on pace to match or exceed last year’s unit volume.

 

Added New Home Bonus – Pulte just released their new home sales numbers for 2017. They sold 270 new homes in Sun City Texas on a budget of 260, a 4% increase. If you recall, there were 428 re-sale homes sold last year for a total of 698 homes. That’s an average of 58 home sales per month just in Sun City Texas. 

 

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

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Rainmaker
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Valeria Mola
SIB REALTY - Sunny Isles Beach, FL
305-607-0709 SIB Realty

Great market update - easy for buyers and sellers to see and understand it. 

Good luck with sales! 

May 19, 2018 04:21 PM #1
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Rainmaker
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Brian Rugg

Sun City TX Real Estate - Georgetown, TX Real Est
Everything a Sun City TX Buyer Wants To Know
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