|
|
August-23 |
August-22 |
|
|
Summary |
Sale Price |
Sale Price |
Change from prior year |
|
Low |
$285,000 |
$250,000 |
14.0% |
|
High |
$850,000 |
$700,000 |
21.4% |
|
Average |
$444,217 |
$451,870 |
-1.7% |
|
Median |
$397,000 |
$415,000 |
-4.3% |
|
Units Sold |
38 |
39 |
-2.6% |
|
Days on Market |
54 |
21 |
157.1% |
|
|
Aug YTD 23 |
Aug YTD 22 |
|
|
Summary |
Sale Price |
Sale Price |
Change from prior year |
|
Low |
$272,500 |
$250,000 |
9.0% |
|
High |
$850,000 |
$869,990 |
-2.3% |
|
Average |
$443,442 |
$480,470 |
-7.7% |
|
Median |
$406,000 |
$455,000 |
-10.8% |
|
Units Sold |
281 |
347 |
-19.0% |
|
Days on Market |
60 |
11 |
445.5% |
Data gathered from ACTRIS MLS September 2, 2023
Month of August – 38 units sold was just one less than the prior year’s 39. Average & Median Sale Prices were down 1.7% and 4.3% respectively compared to one year ago. Interestingly, an $850k sale was recorded, setting a new high water mark for this year. Days on market averaged 54, and there are 127 homes of total inventory, a 3.3-month supply. One other noteworthy statistic is homes are selling on average for 95% of their original list price. Average Selling price per foot is down 10.4% to $232/ft. Looking ahead to September 2023, there are 47 re-sale homes currently contingent or under contract/pending. We should exceed last September’s total of 36 units sold.
August YTD – Units sold were 281 vs 347 one year ago, a 19% decline. Median Sale Price is down 10.8% to $406.0k. Median Price Per Sq Ft is $233.0/ft a 9.9% decline. Days on Market averaged 60 days.
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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