February 21 Sun City Texas Real Estate Report by Rugg Realty

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

February 21 Sun City Texas Real Estate Report by Rugg Realty

February 21 Sun City Texas Real Estate Report by Rugg Realty

 

Text Version

 

 Sun City Texas Real Estate Report© & Home Sales Summary

February 2021 Results

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

 

February-21

February-20

 

Summary

Sale Price

Sale Price

Change from prior year

Low

$222,300

$188,000

18.2%

High

$650,000

$909,000

-28.5%

Average

$363,797

$366,726

-0.8%

Median

$332,000

$341,000

-2.6%

Units Sold

27

36

-25.0%

Days on Market

27

82

-67.1%

       

 

Feb YTD 21

Feb YTD 20

 

Summary

Sale Price

Sale Price

Change from prior year

Low

$200,000

$188,000

6.4%

High

$650,000

$909,000

-28.5%

Average

$341,810

$344,488

-0.8%

Median

$329,000

$310,000

6.1%

Units Sold

69

71

-2.8%

Days on Market

32

73

-56.2%

Data gathered from ACTRIS MLS March 4, 2021 

Month of Feb. 2021 – Lack of inventory continues to plague the re-sale market. It is also driving up prices for what little inventory is available. Multiple offers, over asking price, and short time on market have become commonplace. On an absolute basis prices look flat with the average sale price of $364k compared to $366.7k one year ago.  However, on a price per sq, ft. basis, prices have jumped 15.8% to $190.4 per foot, vs $164.4 one year ago. Additionally, Average Days on Market have dropped to just 27 days a 67% reduction from 82 days this time last year.  Looking ahead to March 2021, there are 47 re-sale homes currently contingent or under contract/pending. It seems we will meet or exceed last March’s total of 43.

Feb. YTD 2020 – The numbers speak for themselves. The “story” lies in the cost per sq. ft., up 10.5% on Average and 9.2% Median to $184.1 & $181.4, respectively.  One Year ago, this was a quote from my monthly report, “One cannot help but wonder what effect the Coronavirus will have on real estate. With historically low interest rates and the securities markets’ vulnerability, perhaps real estate will be the safe haven? Time will tell.”

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.

 

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)

Shayne Stone
Champion Real Estate Group - Missouri City, TX
"Your Rock Solid Choice Realtor"

Brian, there's no doubt that Sun City's home buyers and seller would benefit using your services!

 

Mar 04, 2021 01:16 PM

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