Sun City Texas Real Estate Report November 2020 Rugg Realty

Sun City Texas Real Estate Report November 2020 Rugg Realty

Text Version

  Sun City Texas Real Estate Report© & Home Sales Summary

November 2020 Results

See online at www.SunCity https://www.ruggrealty.com/sun-city-tx-real-estate-market-reports/Data gat

Month of November 2020. Wow! Average Sale Price is up 17.3% to $335.1K vs prior year. Median Sale Price is also up nearly 25% to $341.2k. On a cost per sq. ft. basis things are a bit more modest with Average Sale Price up to $176/ft and Median Sale Price up to $178.3/ft. a 6.4% & 10.3% increase, respectively. Unit volume of 42 closings vs 32 one year ago, a 31.3% increase. Lack of inventory remains a chronic problem with only 27 homes of the market at this writing. The time on market has dramatically declined to just 27 days on average vs 68 days last year, a 60% decrease.  This is especially true for entry level homes that typically go under contract in a matter of days. Looking ahead to December 2020, there are 70 re-sale homes currently contingent or under contract/pending vs last December’s total of 42.

November YTD 2020.  Unit volume of 439 is just 5.4% behind last year’s total of 464. Average Sale Price is $323.8k a 9.2% increase over prior year. Days on Market continues shrinking to just 49 on average vs 77 one year ago.

Rugg Realty still offers Zoom Tours in the Sun City Texas Market.  This will allow any buyer the opportunity to see a property in live, real time, streaming video from the comfort of their own home. Call for details how to arrange a tour.

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 Brian@RuggRealty.com or 512-818-6700.