Sun City Texas Real Estate Report© & Home Sales Summary
April 2022 Results
See online at www.SunCity https://www.ruggrealty.com/sun-city-tx-real-estate-market-reports/
|
April-22 |
April-21 |
||
|
Summary |
Sale Price |
Sale Price |
Change from prior year |
|
Low |
$326,000 |
$226,000 |
44.2% |
|
High |
$869,990 |
$850,000 |
2.4% |
|
Average |
$513,758 |
$395,740 |
29.8% |
|
Median |
$466,000 |
$365,000 |
27.7% |
|
Units Sold |
46 |
47 |
-2.1% |
|
Days on Market |
6 |
12 |
-50.0% |
|
April YTD 22 |
April YTD 21 |
||
|
Summary |
Sale Price |
Sale Price |
Change from prior year |
|
Low |
$285,000 |
$200,000 |
42.5% |
|
High |
$869,990 |
$850,000 |
2.4% |
|
Average |
$473,468 |
$361,470 |
31.0% |
|
Median |
$450,000 |
$336,000 |
33.9% |
|
Units Sold |
177 |
165 |
7.3% |
|
Days on Market |
10 |
20 |
-50.0% |
Data gathered from ACTRIS MLS May 3, 2022
Month of April 2022 –Unit sales of 46 fell short of prior year’s 47, a 2.1% decline. Average Sale Price rose to $513.8K, more than a $100k increase over one year ago. Median Sale Price also rose by more than $100 k to $466k a 27.7% increase over prior year. So called entry level homes are off the charts with Sale Price of $326k also $100k greater than a year ago. Days on Market of just 6 days demonstrates many presales occur before a property is officially listed in the MLS. Looking ahead to May 2022, there are 47 re-sale homes currently contingent or under contract/pending. It seems we will meet last May’s total of 47.
April YTD Unit sales of 177 is 7.3% ahead of last year’s 165 total. Prices are up across the board and Days on Market are still just 10 days, half of 20 days one year ago. Just when I see a trend of some leveling off of price increases, the market seems to surge a bit more. Time will tell. As an added bonus please see the attached chart for cost per square foot charted from January 2020 to April 2022.
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.
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