Special offer

Sun City Texas Real Estate Report February 2023 by Rugg Realty

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

Sun City Texas Real Estate Report

February 2023

by Rugg Realty

Sun City Texas Real Estate Report February 2023 by Rugg Realty

Sun City Texas Real Estate Report February 2023 by Rugg Realty

Text Version

  Sun City Texas Real Estate Report© & Home Sales Summary

February 2023 Results

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

 

February-23

February-22

 

Summary

Sale Price

Sale Price

Change from prior year

Low

$315,000

$306,000

2.9%

High

$759,000

$751,000

1.1%

Average

$468,890

$475,664

-1.4%

Median

$420,000

$465,000

-9.7%

Units Sold

29

37

-21.6%

Days on Market

55

15

266.7%

       

 

Feb YTD 23

Feb YTD 22

 

Summary

Sale Price

Sale Price

Change from prior year

Low

$304,000

$299,000

1.7%

High

$770,000

$751,000

2.5%

Average

$472,461

$459,086

2.9%

Median

$425,000

$434,000

-2.1%

Units Sold

45

77

-41.6%

Days on Market

55

15

266.7%

Data gathered from ACTRIS MLS March 3, 2023 

Month of Feb. 2023 – 29 Units sold is 22% behind prior year’s total of 37. Prices were down too, with Average Sale Price declining 10% to $420k vs $465k one year ago. On a cost per sq ft basis, Average Sale Price managed a 1.1% increase to $245.9/ft and Median Sale Price was flat at $241.4/foot.  Days On Market have increased dramatically from 15 to 55, nearly a fourfold increase. There is 3.6 months of inventory on the books.  Looking ahead to March 2023, there are 33 re-sale homes currently contingent or under contract/pending. We will fall significantly below last March’s total of 54.

Feb. YTD 2023 - The market is returning to more “normal” behavior for a traditional market. Units sold of 45 is 42% behind the gangbuster volume 77 just one year ago. Average & Median Sale Prices are mixed with Average up 2.9% and Median down 2.1 %.  On a cost per sq. ft. basis prices are flat. Right now, price reductions on unsold properties are a way of life until the market decides how much reduction is enough.

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

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

Enjoyed your blog page, and I added you as a friend. I would love the follow back. We look forward to more from you later on. Thanks Bill

Mar 04, 2023 06:05 AM