Sun City Texas Real Estate Report© & Home Sales Summary

September 2017 Results

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

 

September-17

September-16

 

Summary

Sale Price

Sale Price

Change from prior year

Low

$191,000

$182,000

4.9%

High

$1,100,000

$511,000

115.3%

Average

$309,842

$298,153

3.9%

Median

$265,000

$284,250

-6.8%

Units Sold

37

40

-7.5%

       

 

Sept YTD 17

Sept YTD 16

 

Summary

Sale Price

Sale Price

Change from prior year

Low

$166,500

$167,500

-0.6%

High

$1,100,000

$855,000

28.7%

Average

$301,978

$284,134

6.3%

Median

$265,000

$265,000

0.0%

Units Sold

319

339

-5.9%

Data gathered from ACTRIS MLS October 2, 2017 

 

Month of Sept. 2017 – Is the glass half full or half empty? If one looks at the median sale price decline of 6.8%, they might conclude the market is softening. Average Sale Price is up 3.9% over last year, but easily explained by a custom home sale that has pulled up the average.  The entry level sale price is ahead of prior year by 4.9% and one cannot ignore the high-end sale at 1.1 million dollars, more than double last’s years standing.  As in past months, the answer is that the mix of properties is impacting market performance. This bears attention going forward, but no need for alarm.  Looking ahead to October 2017, there are 57 re-sale homes currently contingent or under contract/pending compared to last year’s 32 sales in September 2016. It is likely October will exceed last year’s performance. 

Sept. YTD 2017 – Unit sales volume is down 5.9% compared to one year ago. Median Sale Price is dead even with prior year. Only Average Sale Price increased, pull up by the sale of a mega-custom home over 1.1 million. Average Sale Price per sq. ft. is flat with last year at $160/sq. ft. See sister report 13 Month Trailing $/sq. ft.  September 2017. 

The Sun City Texas Real Estate Report is an analysis of sales activity for use by 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.  For more information contact Brian@RuggRealty.com or call 512-818-6700.

 

 

 Sun City Texas Real Estate Report© & Home Sales Summary $/Sq Ft of Sold Properties 13 mo. rolling total Sept., 2017

Sun City Texas real estate report 13 month Sept 2017

 

 Want an archived report? Send request to Brian@RuggRealty.com