Sun City Texas Real Estate Report November 2022

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

Sun City Texas Real Estate Report November 2022

Presented by Rugg Realty

 

 

TEXT VERSION

  Sun City Texas Real Estate Report© & Home Sales Summary

November 2022 Results

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

 

November-22

November-21

 

Summary

Sale Price

Sale Price

Change from prior year

Low

$305,000

$272,500

11.9%

High

$729,500

$849,000

-14.1%

Average

$475,581

$456,224

4.2%

Median

$467,000

$428,250

9.0%

Units Sold

26

53

-50.9%

Days on Market

34

14

142.9%

       

 

Nov. YTD 22

Nov. 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

$479,114

$409,254

17.1%

Median

$451,000

$382,825

17.8%

Units Sold

441

530

-16.8%

Days on Market

15

12

25.0%

Data gathered from ACTRIS MLS Dec. 2, 2022 

Month of November 2022.  Unit sales of 26 is fewer than half the sales this time one year ago and the lowest volume in the past 24 months. Average Sale Price of $475.6k is 9% higher than prior year but failed to reach this year’s YTD average. On a cost per sq ft basis Average Sale price is down to $241 vs the high-water mark set in June this year of $273 per foot. Days on Market have more than doubled to 34 and inventory has reached 120 re-sale homes.  Looking ahead to December 2022, there are 18 re-sale homes currently contingent or under contract/pending. We will fall well below last December’s total of 51.

November YTD Unit volume 441 is 17% behind last year’s 530 sales. Average Sale Price of $479.1k is 17.8% ahead of this time one year ago.  On a $/Sq. ft. basis, Average Sale Price is $258/foot 19.2% ahead of last year’s $216.3.  The real question is how much of the gain the market has made in 2022 will it give back.  See attached price per square foot historical plot.

 

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 (1)

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 market update with us. Buyers & sellers in your area would benefit from your services. Have a great day!

 

Dec 07, 2022 11:41 AM