Sun City Texas Real Estate Report Nov 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  Nov 2023

by Rugg Realty

 

Sun City Texas Real Estate Report  Nov 2023 by Rugg Realty

TEXT Version

  Sun City Texas Real Estate Report© & Home Sales Summary

November 2023 Results

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

 

November-23

November-22

 

Summary

Sale Price

Sale Price

Change from prior year

Low

$270,000

$305,000

-11.5%

High

$735,000

$729,500

0.8%

Average

$411,680

$471,485

-12.7%

Median

$376,750

$464,000

-18.8%

Units Sold

30

27

11.1%

Days on Market

53

34

55.9%

       
 

Nov YTD 23

Nov YTD 22

 

Summary

Sale Price

Sale Price

Change from prior year

Low

$267,500

$250,000

7.0%

High

$985,000

$869,990

13.2%

Average

$437,229

$478,856

-8.7%

Median

$400,000

$450,750

-11.3%

Units Sold

389

442

-12.0%

Days on Market

59

15

293.3%

Data gathered from ACTRIS MLS December 2, 2023 

Month of Nov. Unit sales of 30 exceed prior year’s 27 and eleven percent increase. Average Sale Price , however was down nearly 13% vs one year ago to $411.7k.  Median Sale Price was weaker down 19% to $376.8k.  High end homes managed a small increase over last year with the sales $735K brokered by Rugg Realty. Days on market of 53 is typical in a normal market. On a price per square foot basis Average Sale Price was down to $225/ft vs $240/ft one year ago, a 6.1% decline. See attached trend chart.   Looking ahead to December 2023, there are 39 re-sale homes currently contingent or under contract/pending. We will exceed last December’s total of 27 units sold.

Nov. YTD –  Unit sales of 389 is a 12% decline vs last year’s 442 total. As has been the trend all year, the Average Sales Price and Median sale Price are down 8.7% and 12% respectively compared to one year ago. There are 114 resale homes available at this writing and Average Days on Market are 59 for the year. This equates to 1.9 months of inventory considered by many to still be a market favoring the seller.

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 (2)

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 follower. I would love the follow back. Also, then we both get 50 points. Bill

Dec 04, 2023 06:08 AM
Debe Maxwell, CRS
Savvy + Company (704) 491-3310 - Charlotte, NC
The RIGHT CHARLOTTE REALTOR!

Thanks for sharing your market report with us here in the Rain. It's always interesting to see how other areas of the country are doing.

 

Dec 12, 2023 06:13 AM