October '22 Sun City Texas Real Estate Report presented by Rugg Realty

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

October '22 Sun City Texas Real Estate Report presented by Rugg Realty

October '22 Sun City Texas Real Estate Report presented by Rugg Realty

October '22 Sun City Texas Real Estate Report presented by Rugg Realty

TEXT Version

  Sun City Texas Real Estate Report© & Home Sales Summary

October 2022 Results

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

 

October-22

October-21

 

Summary

Sale Price

Sale Price

Change from prior year

Low

$290,000

$275,000

5.5%

High

$785,000

$767,000

2.3%

Average

$484,731

$432,406

12.1%

Median

$460,000

$410,000

12.2%

Units Sold

35

49

-28.6%

Days on Market

31

11

181.8%

       

 

Oct YTD 22

Oct YTD 21

 

Summary

Sale Price

Sale Price

Change from prior year

Low

$250,000

$200,000

25.0%

High

$869,990

$925,000

-5.9%

Average

$479,268

$404,035

18.6%

Median

$450,750

$379,500

18.8%

Units Sold

412

477

-13.6%

Days on Market

14

12

16.7%

Data gathered from ACTRIS MLS Nov. 2, 2022

 

Month of October 2022. Unit sales of 35 homes is 29% lower than prior year’s volume of 49. Average and Median Sale Price are both 12% ahead of one year ago, primarily due to the mix of properties sold. On a cost per sq. ft. basis the increase is a more modest 8.2% ending at $256.6. See attached sheets. Days on Market continue to increase, now 31 days vs 11 days just one year ago. Inventory has increased to 91 resales and 50 days on market. Looking ahead to November 2022, there are 33 re-sale homes currently contingent or under contract/pending. We are on pace to fall well below last November total of 53.

 

October YTD Unit sales is a quite respectable 412 home sold with both Average & Median Sale Price 18.6% ahead of this time las year. It is noteworthy that the cost per sq ft for the month of $256.6, fell below the cost per sq ft for the YTD of $259.1. With inventory increasing, market slowing down and upcoming holiday season, we can expect pricing to be vulnerable to further softness.

 

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 your Rugg Realty agent.

 

 

 

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Sun City Texas Price Per Sq. Ft. Oct 2022

 

October-22

October-21

 

Summary

Sales Price / Sq Ft

Sales Price / Sq Ft

Change from prior year

Low

$207.6

$184.3

12.6%

High

$311.5

$298.7

4.3%

Average

$256.6

$237.2

8.2%

Median

$261.3

$236.2

10.6%

Units Sold

35

49

-28.6%

       

 

Oct YTD 22

Oct YTD 21

 

Summary

Sales Price / Sq Ft

Sales Price / Sq Ft

Change from prior year

Low

$183.0

$133.6

36.9%

High

$341.4

$336.3

1.5%

Average

$259.1

$214.1

21.0%

Median

$258.9

$213.1

21.5%

Units Sold

412

477

-13.6%

 

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

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