June 22 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

June 22 Sun City Texas Real Estate Report

by Rugg Realty

June 22 Sun City Texas Real Estate Report by Rugg Realty

TEXT VERSION

 Sun City Texas Real Estate Report© & Home Sales Summary

June 2022 Results

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

 

June-22

June-21

 

Summary

Sale Price

Sale Price

Change from prior year

Low

$331,000

$262,000

26.3%

High

$866,000

$925,000

-6.4%

Average

$510,467

$430,716

18.5%

Median

$476,000

$407,500

16.8%

Units Sold

41

74

-44.6%

Days on Market

6

7

-14.3%

       

 

June YTD 22

June YTD 21

 

Summary

Sale Price

Sale Price

Change from prior year

Low

$285,000

$200,000

42.5%

High

$869,990

$925,000

-5.9%

Average

$485,958

$378,895

28.3%

Median

$465,000

$357,000

30.3%

Units Sold

265

290

-8.6%

Days on Market

9

14

-35.7%

Data gathered from ACTRIS MLS July 3, 2022

 

Month of June 2022 – Unit sales volume of 41 was a 45% decline vs last year’s 74 homes sold. Normally we would think of 41 homes sold as a good month. Average Sale Price and Median Sale Price are $510.5K and $476.0k an 18.5% and 16.8% increase, respectively. The Average Price per Sq. Ft. was $273/ft a 22% increase over one year ago. Reminder, we are only reporting resale homes data. Our MLS has been contaminated with new homes being included and this report has always filtered that data out to keep a true picture of “apples to apples” sales information. Looking ahead to July 2022, there are 51 re-sale homes currently contingent or under contract/pending. We may reach last July’s total of 43.

June YTD – Q2 is in the books and the year is half over. Volume of sales of 265 fell short of last years’ total of 290, an 8.6% decline. Average Sales Price is $485.9k, more than $100k increase over prior year’s $378.9k a 28.3% increase. For as rosy as the data suggests, we know this market is changing rapidly and the long-anticipated slowdown is happening. Inventory has shot up to 51 properties, Days on Market for that inventory is already 23 days & counting, and we are seeing price reductions instead of multiple offers. All of this is adds up to a very good market, just different than we have seen for the past couple of years.

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 (2)

Bill Salvatore - East Valley
Arizona Elite Properties - Chandler, AZ
Realtor - 602-999-0952 / em: golfArizona@cox.net

Thank you for the post and have a wonderful Fourth today. Bill 

Jul 04, 2022 06:18 AM
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!

Jul 08, 2022 11:52 AM