Sun City Texas Real Estate Report© & Home Sales Summary
August 2022 Results
See online at www.SunCity https://www.ruggrealty.com/sun-city-tx-real-estate-market-reports/
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August-22
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August-21
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Summary
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Sale Price
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Sale Price
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Change from prior year
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Low
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$250,000
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$232,000
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7.8%
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High
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$700,000
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$699,900
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0.0%
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Average
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$442,125
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$434,674
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1.7%
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Median
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$411,250
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$421,000
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-2.3%
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Units Sold
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36
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52
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-30.8%
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Days on Market
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21
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8
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162.5%
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Aug YTD 22
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Aug YTD 21
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Summary
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Sale Price
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Sale Price
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Change from prior year
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Low
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$250,000
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$200,000
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25.0%
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High
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$869,990
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$925,000
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-5.9%
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Average
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$479,699
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$396,900
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20.9%
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Median
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$454,700
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$370,000
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22.9%
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Units Sold
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344
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389
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-11.6%
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Days on Market
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11
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12
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-8.3%
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Data gathered from ACTRIS MLS September 2, 2022
Month of August 2022 – Unit volume of 36 homes sold is 31% less than last year’s 52. While this may seem like a dramatic decline, 36 units is consistent with a historical volume for August and suggests we are settling into a more “normal” market. Average Sale Price managed a 1.7% increase to $442.1k but Median Sale Price declined 2.3% to $411.2k. On a cost /sq. ft. basis Average & Median Sale Price is dead even at $258.0, up 13.5% & 14.6% respectively vs prior year. Average Days on Market increased to 21 vs 8 last year. Looking ahead to September 2022, there are 35 re-sale homes currently contingent or under contract/pending. We are within striking distance of reaching last September’s total of 38 units sold.
August YTD – The numbers speak for themselves. Unit volume of 344 is 11.6% behind one year ago and sale prices are up approximately 22% for both Average & Median. We have 71 homes of active status in inventory, which is still historically low for a community the size of Sun City Texas. Sellers should anticipate days on market will continue to increase as the market returns to “normal.”
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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