July 2022 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

July 2022 Sun City Texas Real Estate Report

by Rugg Realty

July 2022 Sun City Texas Real Estate Report by Rugg Realty

 

TEXT Version

  Sun City Texas Real Estate Report© & Home Sales Summary

July 2022 Results

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

 

July-22

July-21

 

Summary

Sale Price

Sale Price

Change from prior year

Low

$283,000

$265,000

6.79%

High

$769,500

$750,000

2.60%

Average

$466,935

$466,205

0.16%

Median

$454,750

$430,000

5.76%

Units Sold

42

47

-11%

Days on Market

12

9

33.3%

       

 

July YTD 22

July YTD 21

 

Summary

Sale Price

Sale Price

Change from prior year

Low

$283,000

$200,000

41.5%

High

$869,990

$925,000

-5.9%

Average

$483,355

$391,072

23.6%

Median

$462,500

$365,000

26.7%

Units Sold

307

337

-8.9%

Days on Market

10

13

-23.1%

Data gathered from ACTRIS MLS August 3, 2022

 

Month of July 2022 – Unit volume of 42 was an 11% shortfall compared to 47 units one year ago. Average Sale Price of $466.9k is dead flat vs one year ago.  Median Sale Price managed a 5.8% increase to $454.7k. Days on Market of 12, while still low, is another indicator of the slowing market.  Looking ahead to August 2022, there are 39 re-sale homes currently contingent or under contract/pending. There is no chance of reaching last August’s total of 70 units sold.

 

July YTD – Q2 A quick glance at the numbers, one may conclude that the market remains strong. Sale Prices are up, volume is only off 9% and days on Market is still very short. However, the market “feels” differently.  Inventory is up to 72 properties and those have been on the market an average of 30 days, while price reductions are commonplace.  It is not all doom & gloom.  The best homes, priced correctly will still sell and we have to get back to some good old fashioned shoe leather

 

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)

John Pusa
Berkshire Hathaway Home Services Crest - Glendale, CA
Your All Time Realtor With Exceptional Service

Hello Brian Rugg thank you for sharing very valuable Sun City, Texas real estate market report.

Aug 03, 2022 04:25 PM