Sun City Texas Real Estate Report Jan 2022 Rugg Realty

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

Sun City Texas Real Estate Report Jan 2022 Rugg RealtyThe Sun City Texas news

 

Text Version

January 2022 Results

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

 

January-22

January-21

 

Summary

Sales Price / Sq Ft

Sales Price / Sq Ft

Change from prior year

Low

$193.7

$133.6

44.9%

High

$300.2

$233.6

28.5%

Average

$241.6

$180.2

34.1%

Median

$240.3

$174.7

37.5%

Units Sold

40

42

-4.8%

       

 

January-22

January-21

 

Summary

Sale Price

Sale Price

Change from prior year

Low

$299,000

$200,000

49.5%

High

$687,000

$550,000

24.9%

Average

$443,753

$327,736

35.4%

Median

$415,950

$324,000

28.4%

Units Sold

40

42

-4.8%

Days on Market

15

36

-58.3%

Data gathered from ACTRIS MLS Feb 2, 2022 

Month of Jan. 2022 – Happy New Year to all. Hard to believe January is already behind us. Unit sales of 40 homes is two less than prior year, a 5% decline. Average Sale Price leapt up 35.4% to $443.7k. This is no fluke as the Sale Price per sq. ft. also rose a similar 34.1% to $241.6$/ft. Median Price Per foot was a greater increase of 37.5% to $240.3. So-called entry-level homes are hardly affordable any longer with $300k being the low-price threshold. Sale price per sq. ft. has pierced through the $300/ft ceiling several times in 2021 and again this month. Many clients ask me “when is going to stop” as we all know all markets run in cycles. On the other hand, I see little on the horizon to cool off this hot trend. Sun City Texas is a highly desirable place to live and precious little inventory cannot keep up with the demand. Looking ahead to February 2022, there are 42 re-sale homes currently contingent or under contract/pending. It seems likely we will exceed last February’s total of 27.

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 Rugg 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 (3)

Laura Cerrano
Feng Shui Manhattan Long Island - Locust Valley, NY
Certified Feng Shui Expert, Speaker & Researcher

The numbers look reasonable for the area that you’re covering at Rugg. That might be the best you can hope for or maybe even something better. :

Feb 03, 2022 01:29 PM
Debe Maxwell, CRS
www.iCharlotteHomes.com | The Maxwell House Group | RE/MAX Executive | (704) 491-3310 - Charlotte, NC
The right Charlotte REALTOR!

Thanks for sharing your Sun City market update with us Brian. Buyers & sellers in your area would benefit from your services. Have a great day!

Feb 04, 2022 11:59 AM
Bob Crane
Woodland Management Service / Woodland Real Estate, EXP - Stevens Point, WI
Forestland Experts! 715-204-9671

Hi Brian,
Thank you for sharing the real estate information.
Buyers and sellers in your area will benefit from your expertise.
Wishing you continued success.
Bob

Feb 06, 2022 09:14 PM