January 2021 Results
See online at https://www.ruggrealty.com/sun-city-tx-real-estate-market-reports/
|
January-21 |
January-20 |
|
Summary |
Sale Price |
Sale Price |
Change from prior year |
Low |
$200,000 |
$199,000 |
0.5% |
High |
$550,000 |
$900,000 |
-38.9% |
Average |
$329,685 |
$321,614 |
2.5% |
Median |
$327,000 |
$272,500 |
20.0% |
Units Sold |
40 |
35 |
14.3% |
Days on Market |
37 |
63 |
-41.3% |
|
January-21 |
January-20 |
|
Summary |
Sales Price / Sq Ft |
Sales Price / Sq Ft |
Change from prior year |
Low |
$133.6 |
$137.0 |
-2.5% |
High |
$233.6 |
$290.2 |
-19.5% |
Average |
$180.0 |
$169.0 |
6.5% |
Median |
$174.7 |
$164.6 |
6.1% |
Units Sold |
40 |
35 |
14.3% |
Data gathered from ACTRIS MLS February 5, 2021
Month of January 2021 – In many ways it is difficult for one to get their mind around what is happening in the resale home market in Sun City Texas. With 40 units closed this month vs 35 in prior year things look strong. Average Sale Price is up 2.5% and Median Sale Price is up 20% to $327k. Time on market continues to fall, from 63 days in prior year to just 37 days currently, a 41% reduction. The problem is lack of inventory. At this writing there are only 12 homes for sale in the MLS system and the inventory has been as low as 5 units in the past 30 days. Unless we see some increase in inventory the lack of product will strangle the resale market. Looking ahead to February 2021, there are 33 re-sale homes currently contingent or under contract/pending.
January 2021 on a cost per square foot basis – Since there is no separate Year To Date data, I have included a second chart (highlighted in yellow) based on cost per square foot of sales recorded. The Average Sale Price per foot is $180 per foot, a 6.5% increase over one year ago and the Median Sale Price is up 6.1% to $174.7 per foot.
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 Rugg, 512-818-6700, or Brian@RuggRealty.com.
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If you or your friends have interest in new homes at Sun City Texas located in Georgetown, TX 78633, now is a great time to buy. The builder, Pulte is eager to sell 50 more units in November and December this year and is offering very lucrative incentives. Additionally, Rugg Realty is offering double rebates to buyers of $1000 on Garden Homes, $1500 on Classic Series, or $2000 on Estates Series for new homes put under contract by 12/31/2016. Even if you have already visited the new home sales center on your own, it is never too late to be represented by Rugg Realty LLC before you make a purchase. Many buyers do not realize they can have a buyer’s agent in the purchase of a new home too. Not only will you be represented in the process (since the sales person only works for the seller, not you). This really is the best of all worlds, since our fee is 100% covered by the seller, the cost of the house does not go up (& may even go down), you have representation, and Rugg Realty LLC rebates you a portion of the fee we receive on a new home purchase. It doesn’t get better than this.
Text Version
Sun City Texas Real Estate Report© & Home Sales Summary
October 2016 Results
See online at www.SunCityTexasRealEstateReport.com
|
October-16 |
October-15 |
|
Summary |
Sale Price |
Sale Price |
Change from prior year |
Low |
$170,000 |
$150,000 |
13.3% |
High |
$494,000 |
$503,000 |
-1.8% |
Average |
$279,787 |
$264,647 |
5.7% |
Median |
$256,500 |
$239,500 |
7.1% |
Units Sold |
32 |
33 |
-3.0% |
|
Oct YTD 16 |
Oct YTD 15 |
|
Summary |
Sale Price |
Sale Price |
Change from prior year |
Low |
$167,500 |
$150,000 |
11.7% |
High |
$855,000 |
$529,000 |
61.6% |
Average |
$283,759 |
$273,635 |
3.7% |
Median |
$265,000 |
$257,500 |
2.9% |
Units Sold |
371 |
380 |
-2.4% |
Data gathered from ACTRIS MLS November 2, 2016
Month of October 2016 – Congratulations to the World Champion Cubs! 108 years in the making is sweet. Sales of 32 units was just one behind last year, a 3% decrease. Average sale price and median sale price were up 5.7% and 7.1% respectively over prior year. Entry level sale price was up 13.3% vs one year ago. A solid month of sales any way one looks at it. Looking ahead to November 2016, there are 44 re-sale homes currently Contingent or Under Contract/Pending compared to last year’s 33 sales in October 2015. We should see unit volume sales in excess of last year.
October YTD 2016 - Unit sales are 9 short of one year ago, a 2.4% decrease. This is shortfall is remarkable since the number of properties under contract monthly exceeds the prior year sales consistently. We know closings are taking longer to process and that seems to explain the shortfalls we have seen this year. Average sale price is $284k up 3.7% over prior year. All price categories are ahead of last year. Reminder – a custom home sale is skewing the high-end sale results.
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, 512-818-6700.
See online at www.SunCityTexasRealEstateReport.com
|
September-16 |
September-15 |
|
Summary |
Sale Price |
Sale Price |
Change from prior year |
Low |
$182,000 |
$156,450 |
16.3% |
High |
$511,000 |
$429,000 |
19.1% |
Average |
$298,543 |
$263,624 |
13.2% |
Median |
$287,500 |
$237,750 |
20.9% |
Units Sold |
37 |
42 |
-11.9% |
|
Sept YTD 16 |
Sept YTD 15 |
|
Summary |
Sale Price |
Sale Price |
Change from prior year |
Low |
$167,500 |
$156,450 |
7.1% |
High |
$855,000 |
$529,000 |
61.6% |
Average |
$284,052 |
$274,490 |
3.5% |
Median |
$265,000 |
$260,000 |
1.9% |
Units Sold |
336 |
347 |
-3.2% |
Data gathered from ACTRIS MLS October 2, 2016
Month of September 2016 – The most striking thing about September’s sales results is that prices jumped up across the board. Every sales category had double digit increases compared to last year, with the average sale price coming in at $298.5k a 13.25% increase. Median sale price was up 21% to $287.5k. One has to search for anything contrary to say, so it may not seem like a big deal to report unit volume was down 12% based on 37 sales vs 42 one year ago. Unit volume has been erratic all year, and one month’s shortfall is clearly not a trend. With just 90 properties on the market, as Active or Active Contingent, there is only a 2.4-month supply of inventory. If this continues prices will inevitably keep rising. Looking ahead to October 2016, there are 56 re-sale homes currently Contingent or Under Contract/Pending compared to last year’s 33 sales in October 2015. We should see unit volume sales in excess of last year.
September YTD 2016- Prices are up across the board in all categories. Average sale price is up 3.5% and Median sale price is up 1.9%. Unit volume is down just 11 sales vs. one year ago, a 3.2% shortfall. Reminder – a custom home sale is skewing the high-end sale results.
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.
Text Version
Sun City Texas Real Estate Report© & Home Sales Summary
August 2016 Results
See online at www.SunCityTexasRealEstateReport.com
August-16 |
August-15 |
||
Summary |
Sale Price |
Sale Price |
Change from prior year |
Low |
$185,900 |
$174,500 |
6.5% |
High |
$455,000 |
$529,000 |
-14.0% |
Average |
$284,108 |
$275,010 |
3.3% |
Median |
$262,500 |
$249,000 |
5.4% |
Units Sold |
49 |
44 |
11.4% |
Aug YTD 16 |
Aug YTD 15 |
||
Summary |
Sale Price |
Sale Price |
Change from prior year |
Low |
$167,500 |
$165,000 |
1.5% |
High |
$855,000 |
$529,000 |
61.6% |
Average |
$282,258 |
$275,986 |
2.3% |
Median |
$264,900 |
$265,000 |
0.0% |
Units Sold |
299 |
305 |
-2.0% |
Data gathered from ACTRIS MLS September 11, 2016
Month of August 2016 – The exuberance the recent market has lacked returned in August. Unit volume exceed prior year by 11.4% and this was the first time this has occurred in the past 3 months. Average sale prices were 3.3% higher and median sale prices were 5.4% ahead of one year ago. Only High-End home sale prices lagged behind last year. On a cost per sq. ft. basis the picture is not quite as rosy, with prices down several percent across the board. See 13 Month Trailing Totals report for details. Looking ahead to September 2016, there are 55 re-sale homes currently contingent or under contract/pending compared to last year’s 42 sales in September 2015. If August’s results are an indication, we should see unit volume in excess of last year.
August YTD 2016- The strong monthly performance helped bring the results in line with prior year. Unit volume is behind just 6 closings, a 2% shortfall. Average sales price is up 2.3% and Median sales price is dead even with one year ago. Reminder – a custom home sale is skewing the high-end sale results.
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.
|
December-15 |
December-14 |
|
Summary |
Sale Price |
Sale Price |
Change from prior year |
Low |
$179,500 |
$170,000 |
5.6% |
High |
$465,000 |
$539,000 |
-13.7% |
Average |
$294,835 |
$284,497 |
3.6% |
Median |
$271,450 |
$264,750 |
2.5% |
Units Sold |
26 |
26 |
0.0% |
|
Dec. YTD 15 |
Dec. YTD 14 |
|
Summary |
Sale Price |
Sale Price |
Change from prior year |
Low |
$150,000 |
$145,000 |
3.4% |
High |
$529,000 |
$760,000 |
-30.4% |
Average |
$274,441 |
$273,313 |
0.4% |
Median |
$256,000 |
$258,700 |
-1.0% |
Units Sold |
419 |
346 |
21.1% |
Data gathered from ACTRIS MLS January 2, 2016
Month of December 2015 - After a dismal unit volume of just 11 sales last month, this month more than doubled that mark and matched last year’s unit volume of 26 re-sale homes sold. Average and median sale prices increased 3.6% and 2.5% respectively. Entry-level pricing continues to escalate, up 5.6% over one year ago. High-end home sales are hit or miss down 13.7% vs. last year. Inevitably, we are still seeing effects of the TRID rules on closings and this may last through the first quarter of 2016. Looking ahead to January 2016, there are 36 re-sale homes currently contingent or under contract/pending compared to last year’s 11 sales in January 2015. January 2016 is on pace to easily match, or substantially exceed last year’s unit volume.
December YTD 2015 – Another year in the record books. Unit volume was up 21.1% and average sales prices were flat with prior year, managing just a .4% increase over one year ago. Median prices actually declined 1.0% to $258,700. Unless something occurs to change this, I expect 2016 volume & prices to be similar to 2015.
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.
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
November 2015 Results
See online at www.SunCityTexasRealEstateReport.com
|
November-15 |
November-14 |
|
Summary |
Sale Price |
Sale Price |
Change from prior year |
Low |
$176,000 |
$175,000 |
0.6% |
High |
$366,200 |
$390,000 |
-6.1% |
Average |
$260,329 |
$256,345 |
1.6% |
Median |
$240,250 |
$249,250 |
-3.6% |
Units Sold |
12 |
22 |
-45.5% |
|
Nov. YTD 15 |
Nov. YTD 14 |
|
Summary |
Sale Price |
Sale Price |
Change from prior year |
Low |
$150,000 |
$145,000 |
3.4% |
High |
$529,000 |
$760,000 |
-30.4% |
Average |
$273,228 |
$272,477 |
0.3% |
Median |
$255,750 |
$259,000 |
-1.3% |
Units Sold |
392 |
319 |
22.9% |
Data gathered from ACTRIS MLS December 2, 2015
Month of November 2015 – What happened? Unit volume of only 12 properties was down 46% compared to last year’s 22 sales. This is an unusually large decline for a single month especially when there are pending sales strong enough to have met last year’s volume. What happened is that the new TRID rules for closings took effect in October and inevitably delayed closings beyond the normal time. We should see these bumps in the road smooth out once everybody is used to the new rules. Average selling price was up 1.6% and median selling price down 3.6%. Looking ahead to December 2015, there are 34 re-sale homes currently contingent or under contract/pending compared to last year’s 25 sales in December 2014. December 2015 is on pace to match, or exceed last year’s unit volume.
November YTD 2015 – “Unit volume is up and pricing is flat”, sums up the market analysis for the past several months. Looking ahead, pricing seems to have flattened out and I don’t see that changing this winter. Spring market comes early in Central Texas so we will have to wait to see what happens. Average selling price is just a fraction ahead of previous year at this time and median selling price is down 1.3%
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.
Data Presented by Rugg Realty LLC based on ACTRIS MLS Data Oct.25 2015
This data may present the age old question, "Is the glass half empty or is it half full"? If you are a home buyer in Sun City Texas this is great news. This is especially true if you are looking for a high end home with lots of amenities. The market seems to be flush with lots of product from which to choose. However, if you are a buyer looking in the under $200 range it is very slim pickins with just two properties available at the moment.
Sellers on the other hand, will have to put their best foot forward and recognize they are competing with lots of other homes in their price range.
If you would like expert, professional guidance in selling your Sun City Texas home, or exploring the market to make a purchase, call Brian Rugg of Rugg Realty LLC 512-818-6700.
Rugg Realty LLC is the #1 growth broker in Sun City Texas among brokers with at least Ten Million in sales.
Sun City Texas, located in Georgetown, TX 78633 homes sales results expressed in cost per sq foot over a period of 13 months provided by Brian Rugg, Rugg Realty LLC.
February 2015 Results
See online at www.SunCityTexasRealEstateReport.com
|
February-15 |
February-14 |
|
Summary |
Sale Price |
Sale Price |
Change from prior year |
Low |
$177,500 |
$147,000 |
20.7% |
High |
$475,000 |
$470,000 |
1.1% |
Average |
$292,800 |
$253,560 |
15.5% |
Median |
$289,500 |
$235,000 |
23.2% |
Units Sold |
35 |
21 |
66.7% |
|
Feb YTD 15 |
Feb YTD 14 |
|
Summary |
Sale Price |
Sale Price |
Change from prior year |
Low |
$168,917 |
$147,000 |
14.9% |
High |
$475,000 |
$760,000 |
-37.5% |
Average |
$294,102 |
$265,173 |
10.9% |
Median |
$298,000 |
$250,000 |
19.2% |
Units Sold |
47 |
45 |
4.4% |
Data gathered from ACTRIS MLS March 6, 2015
Month of Feb. 2015 – This was a rollicking month of sales. February made up all of the lost ground from January and then some. 35 units sold vs. 21 last year is a 67%increase. Sales prices in all categories are up across the board with the average pegged at $293K a 15.5% increase over one year ago. Entry-level homes also surged in price to $177.5K, a 21% increase from prior year. A noteworthy statistic is that the most expensive home ever sold in Sun City on a cost per square foot basis sold this month, brokered by Rugg Realty LLC. See rolling 13-month total report for details. Looking ahead to March 2015, there are 51 re-sale homes currently contingent or under contract/pending compared to last year’s 27 sales in March 2014. March 2015 will easily exceed last year in unit volume.
Feb. YTD – Unit volume is up 4.4% and the average sales price is $294.1k, an 11% increase over this time one year ago. With the strong showing of properties under contract, March year-to-date will inevitably exceed 2014 and the only real question is, “by how much”? If there is any worry Sun City Texas should have, it is becoming priced out of many of our traditional buyer’s price ranges that helped make the community what it is today.
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. It’s use is not intended to value a specific property or predict future valuations. For more information contact Brian@RuggRealty.com or call 512-966-3200.
Inventory Shortage Hurts Sun City Texas
We seem to be at a critical stage in the Sun City Texas real estate market. We currently have zero inventory in the $200,000 or less market segment and this is a problem that has been brewing for some time.
As the chart clearly depicts, the number of sales recorded for properties selling for $200k or less has been in steady decline. Smaller properties have been selling briskly in Sun City Texas for the past two years. Entry level buyers and investors have seen the wisdom to make relatively inexpensive purchases to get their foot in the door, so to speak. This has driven prices up to the point we have simply run out of properties to sell.
If you have a home to sell in Sun City Texas give Rugg Realty a call. We have buyers waiting and need inventory to help satisfy the demand. We will get you top dollar for your property. 512-966-3200 or Brian@RuggRealty.com
September 2014 Results
See online at www.SunCityTexasRealEstateReport.com
|
September-14 |
September-13 |
|
Summary |
Sale Price |
Sale Price |
Change from prior year |
Low |
$165,000 |
$147,500 |
11.9% |
High |
$419,500 |
$370,000 |
13.4% |
Average |
$273,370 |
$245,798 |
11.2% |
Median |
$272,000 |
$245,000 |
11.0% |
Units Sold |
40 |
28 |
42.9% |
|
Sept YTD 14 |
Sept YTD 13 |
|
Summary |
Sale Price |
Sale Price |
Change from prior year |
Low |
$145,500 |
$126,000 |
15.5% |
High |
$760,000 |
$750,000 |
1.3% |
Average |
$276,567 |
$231,795 |
19.3% |
Median |
$259,900 |
$217,400 |
19.5% |
Units Sold |
268 |
366 |
-26.8% |
Data gathered from ACTRIS MLS October 4, 2014
Month of Sept. 2014 – After a dismal August, September has rebounded and made up some lost ground. Units sold jumped to 40 compared to just 28 one year ago, a 43% increase. Selling prices have increased across the board with the average home in Sun City TX selling for $273.4k, 11.2% more than last year. Looking ahead to October, there are 31 re-sale homes currently contingent or under contract/pending, compared to last year’s 30 sales in October 2013, so Oct. 2014 will be comparable to last year in unit sales volume.
Year-To-Date Sept. 2014 – Sales prices for the year are up 19.3% on average compared to prior year. Increases on a cost per square foot basis are slightly lower in comparison up 16.4% (see 13 mo. rolling total report). Unit volume of 268 sales remains well behind last year’s volume of 366, a 27% shortfall. Current inventory is also lower than previous months with just 67 re-sale homes available. With only 2.2 months of inventory available, this will put pressure on sales prices to escalate.
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. It is not intended for use to value a specific property or predict future valuations. For more information contact Brian@RuggRealty.com or call 512-966-3200.
I know financial reports can seem pretty boring. On the other hand, the financial health of a Home Owners Association is critical in its long range sustainability. That said I’ll try to give you the highlights for the financial news just released by the board of directors here in Sun City Texas:
There you have it. If you have any questions please feel free to contact me for further information. Brian@RuggRealty.com.
- See more at: https://activerain.com/blogsview/4329968/year-end-financial-news-just-released-by-sun-city-texas-2-17-2014#sthash.hXYNHQZY.dpuf
Hello All,
I hope this message finds you and your loved ones well and that you are off to a great start for 2015. We appreciate your continued interest in Sun City Texas.
Our brand new model park in Sun City Texas is finally finished and it looks fantastic! The official Grand Opening event was this past Saturday and despite the cold and wet weather, we still had a great turnout. The feedback about our new floor plans has been very positive. If you have not been out to see them yet, we hope to see you sometime soon.
1) For the month of March, we have the following incentives if you build a home:
· $15,000 towards options for the Estate Series floor plans
· $10,000 towards options for the Classic Series floor plans
· $5,000 towards options for the Garden Series floor plans
2) Close-out incentive for the last 4 Estate home-sites in Neighborhood 57:
· You can take $20,000 off the lot premium for our 4 remaining Estate home-sites in Neighborhood 57!
· 1 of the sites is on a corner and the other 3 are along hole #15 of Cowan Creek Golf Course.
3) Move-In Ready Homes:
· We still have 3 of our former Estate model show homes for sale and they have a $25,000 - $30,000 incentive off the price of the home! They are the Bluffton Cottage, Cumberland Hall and Chamberlain model homes. The views are spectacular from the back patios! Those homes back up to hole #18 along White Wing Golf Course.
· We also have 2 Estate Move-In Ready Inventory homes for sale. Each of those have a $25,000 incentive off the price of the home!
· I have attached a list of all of our Inventory Homes to this email.
4) Time Frame to Build:
· Our current time frame to have a home built is approximately 6 months.
· If you sign a purchase agreement now, your new home would be completed in August or September.
5) Areas where we are Building:
· Estate Homes are being built in Neighborhoods 56, 57 & 59. In those areas we have some sites that back up to private green spaces, golf course views along several holes of Cowan Creek Golf Course and standard sites with lower premiums.
· Classic Homes are being built in Neighborhood 48. This area offers sites that back up to green spaces, some that back up to other homes and some that back up to Pedernales Falls Drive.
· Garden Homes are being built in Neighborhoods 49 and 50. The majority of these home sites have private, wooded views behind them.
6) New Information Available on our Website:
· The Interactive Floor Plan Viewer allows you to place furniture in the rooms.
· Virtual Tours are available to view for each floor plan.
· Pictures of the model homes are loaded. (Soon they will be pictures of our actual models. Right now the pictures are from another Del Webb community)
· There is information about move-in ready homes and other inventory homes that are under construction.
· We have a brand new feature where you can view lot availability for each area where we are building. You can view the maps of each area and it will show which home sites are sold, available, etc.
· Our Website is: www.suncitytexas.com
7) Base Pricing for our new floor plans:
· I have attached a list of the base prices for each of the 11 floor plans we are building now.
· On March 8th, the Garden Series plans will have a $1,000 base price increase.
· On March 8th, the Classic and Estate Series plans will have a $2,000 base price increase.
8) Explore Del Webb Homes:
· This popular program is a great way to see first-hand what the community is like.
· You can rent one of these homes for 1, 2 or 3 nights and the pricing starts at $99 for one night.
· The sooner you make your reservation, the better. The program is popular and we are typically booked up about a month in advance.
· Call or email me directly for information on available dates and pricing.
I hope you have found the information helpful. I look forward to the opportunity to assist you when you are ready to explore purchasing a new home with us.
Rugg Has You Covered.
These prices are subject to change without notice and all properties are subject to prior sale. Call Brian at 512-966-3200 to arrange a showing.
I am pleased (and relived) to announce that Rugg Realty LLC has a new web site that showcases our exclusive market of Sun City Texas located in Georgetown, TX. We did not set out to take a year to do this, but as they “Stuff Happens”. We are a smaller boutique type brokerage, but with big reach in our laser focused market area of Sun City Texas. More to the point, we had to go through multiple different web designers, SEO experts, and IDX providers before we found ones who could actually deliver what we wanted and knew we needed.
This process has reminded me that a web site is never really finished, but more of a perpetual work in progress. So, off I go to tweak something important and write a blog to be posted in Active Rain as well as our new web site. Wish us luck.
512-966-3200
See more at: New Rugg Realty Web-Site For Sun City Texas, One Year In The Making - See more at: https://activerain.com/blogsview/4319230/new-rugg-realty-web-site-for-sun-city-texas--one-year-in-the-making#sthash.cjEH3zPO.dpuf
December 2014 Results
See online at www.SunCityTexasRealEstateReport.com
December-14 |
December-13 |
||
Summary |
Sale Price |
Sale Price |
Change from prior year |
Low |
$170,000 |
$166,000 |
2.4% |
High |
$539,000 |
$496,000 |
8.7% |
Average |
$286,281 |
$251,793 |
13.7% |
Median |
$279,500 |
$239,000 |
16.9% |
Units Sold |
25 |
27 |
-7.4% |
Dec YTD 14 |
Dec YTD 13 |
||
Summary |
Sale Price |
Sale Price |
Change from prior year |
Low |
$145,000 |
$126,000 |
15.1% |
High |
$760,000 |
$750,000 |
1.3% |
Average |
$273,410 |
$235,749 |
16.0% |
Median |
$259,000 |
$220,000 |
17.7% |
Units Sold |
345 |
460 |
-25.0% |
Data gathered from ACTRIS MLS January 3, 2015
Month of Dec. 2014 – December showed some revived intensity. Average sales price of $286.3K exceeds prior year by nearly 14% and beats the current YTD average of $273.4k by $12.9k. Median sales price was even stronger finishing 17% ahead of one year ago. Unit sales volume of 25 exceeds predictions by one unit, but is still 7.4% behind last year’s totals. Other categories of Low and High sales also exceed last year by 2.4% and 8.7% respectively.
Looking ahead to January 2015, there are 21 re-sale homes currently contingent or under contract/pending, compared to last year’s 24 sales in Jan. 2014, so Jan. 2015 may fall short of last year’s unit sales volume.
Year-To-Date Dec. 2014 – December’s strong showing has eased the market softness we experienced in the fall. Sales prices in all categories of homes finished the year up across the board, with Median prices leading the way with a 17.7% increase based on a price of $259,000 vs. $220,000 one year ago. Unit volume total is still troubling, down 25% from one year ago with 345 units sold.
There are now 7000 homes in Sun City Texas. A sales volume of 345 results in a 4.9% annual turnover in 2014.
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. It’s use is not intended to value a specific property or predict future valuations. For more information contact Brian@RuggRealty.com or call 512-966-3200.
January 2015 Results
See online at www.SunCityTexasRealEstateReport.com
January-15 |
January-14 |
||
Summary |
Sale Price |
Sale Price |
Change from prior year |
Low |
$168,917 |
$165,000 |
2.4% |
High |
$388,000 |
$760,000 |
-48.9% |
Average |
$299,529 |
$275,335 |
8.8% |
Median |
$335,000 |
$254,000 |
31.9% |
Units Sold |
11 |
24 |
-54.2% |
Data gathered from ACTRIS MLS February 3, 2015
Month of Jan. 2015 – after December’s revival, January has started the year with a thud. With only 11 sales recorded for the month, we are 54% lower than this time last year. Remarkably, prices have by and large continued to rise despite the poor volume performance. High-end home prices were most affected due to a custom home sale in January one year ago, down 49%. Entry-level prices continued to inch upwards 2.4% over prior year. Average home prices were 8.8% higher than one year ago and Median prices took a big jump, up 32% from this time last year. One month does not a year make. We fully expect to see an active sales season and continued growth.
Looking ahead to February 2015, there are 49 re-sale homes currently contingent or under contract/pending compared to last year’s 21 sales in Feb. 2014. February 2015 should easily exceed last year and make up some lost ground in January.
Our MLS system shows 100 homes in inventory in Sun City Texas.
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. It’s use is not intended to value a specific property or predict future valuations. For more information contact Brian@RuggRealty.com or call 512-966-3200.
See online at www.SunCityTexasRealEstateReport.com
|
November-14 |
November-13 |
|
Summary |
Sale Price |
Sale Price |
Change from prior year |
Low |
$175,000 |
$152,500 |
14.8% |
High |
$390,000 |
$410,000 |
-4.9% |
Average |
$252,719 |
$259,841 |
-2.7% |
Median |
$246,500 |
$238,000 |
3.6% |
Units Sold |
21 |
37 |
-43.2% |
|
Nov YTD 14 |
Nov YTD 13 |
|
Summary |
Sale Price |
Sale Price |
Change from prior year |
Low |
$145,000 |
$126,000 |
15.1% |
High |
$760,000 |
$750,000 |
1.3% |
Average |
$272,216 |
$234,749 |
16.0% |
Median |
$258,400 |
$219,950 |
17.5% |
Units Sold |
319 |
433 |
-26.3% |
Data gathered from ACTRIS MLS December 5, 2014
Month of Nov. 2014 – The numbers tell the story. Poor sales volume of just 21 sales, helped pull down the average selling prices by 2.7% compared to last year’s average. Median sales prices managed to stay positive with a 3.6% increase over prior year and entry-level homes still show strength with a 14.8% increase vs. one year ago. The price increases gained in 2013 and the first half of 2014 have flattened out (see price per sq ft report) and are not likely to increase unless unit sales volume increases.
Looking ahead to December, there are 24 re-sale homes currently contingent or under contract/pending, compared to last year’s 24 sales in Dec. 2013, so Dec. 2014 will meet or exceed last year’s unit sales volume.
Year-To-Date Nov. 2014 – The story hasn’t changed for several months. Gains in the beginning of the year have helped keep the sales prices high. Average sales price remains 16% ahead of last year and median is 17.5% higher than one year ago. Sales volume is down 26.3% with a total number of re-sales at 319 units.
Note: New model homes from Pulte are due to be released soon. Unclear of the impact on re-sales, so stay tuned.
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. It is not intended for use to value a specific property or predict future valuations. For more information contact Brian@RuggRealty.com or call 512-966-3200.
(21) | Beds | Baths | Sqft | List Price | LP/SqFt | Sold Price | SP/SqFt | SP/LP | SP/OLP | ADOM |
Min | 2 | 2 | 1,388 | $210,000 | $127.74 | $210,000 | $125.65 | 93.87% | 87.23% | 1 |
Max | 4 | 4 | 2,927 | $399,900 | $164.15 | $399,900 | $164.37 | 100.14% | 100.14% | 251 |
Avg | 3 | 2 | 2,028 | $297,095 | $147.63 | $291,514 | $144.92 | 98.15% | 96.64% | 51 |
Median | 3 | 2 | 1,888 | $276,950 | $149.62 | $274,000 | $144.73 | 98.50% | 97.78% | 33 |
Contact Rugg Realty LLC for the latest sales numbers and the valution of your specific property. Brian Rugg 512-966-3200, or Brian@RuggRealty.com
See online at www.SunCityTexasRealEstateReport.com
|
July-14 |
July-13 |
|
Summary |
Sale Price |
Sale Price |
Change from prior year |
Low |
$161,500 |
$148,000 |
9.1% |
High |
$640,000 |
$595,000 |
7.6% |
Average |
$287,434 |
$226,951 |
26.7% |
Median |
$252,835 |
$194,500 |
30.0% |
Units Sold |
41 |
55 |
-25.5% |
|
July YTD 14 |
July YTD 13 |
|
Summary |
Sale Price |
Sale Price |
Change from prior year |
Low |
$145,500 |
$126,000 |
15.5% |
High |
$760,000 |
$750,000 |
1.3% |
Average |
$274,318 |
$229,217 |
19.7% |
Median |
$255,000 |
$210,000 |
21.4% |
Units Sold |
204 |
291 |
-29.9% |
Data gathered from ACTRIS MLS August 3, 2014
Month of July 2014 – The story remains the same as in recent months. Sales volume is down 25% compared to last year, but sales prices continue to move upward. Average sales prices were up 26% and median sales prices escalated to 30% above one year ago. Entry level and high-end homes also saw more modest increases of 9% & 8% respectively. Looking ahead to August,there are 31 re-sale homes currently contingent or under contract/pending, compared to last year’s 46 sales in August 2013, so it appears July 2014 will have a 30% shortfall in volume sold.
Year-To-Date July 2014 – With consistent month-to-month results, the YTD numbers don’t change very much. Sales volume is down 30% compared to prior year, but consistent with a normal year’s unit volume. Average selling prices are up to $274.3k nearly a 20% increase over one year ago. Home buyers looking in Sun City Texas are faced with a tough reality that things cost more than last year. Home sellers in Sun City Texas are enjoying strong prices despite the lower volume from a year ago.
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. It is not intended for use to value a specific property or predict future valuations. For more information contact Brian@RuggRealty.com or call 512-966-3200.
Sun City Texas Real Estate Report & Home Sales Summary August 2014
August 2014 Results
See online at www.SunCityTexasRealEstateReport.com
|
August-14 |
August-13 |
|
Summary |
Sale Price |
Sale Price |
Change from prior year |
Low |
$173,500 |
$149,000 |
16.4% |
High |
$742,500 |
$426,000 |
74.3% |
Average |
$302,555 |
$239,415 |
26.4% |
Median |
$290,250 |
$227,500 |
27.6% |
Units Sold |
22 |
47 |
-53.2% |
|
Aug YTD 14 |
Aug YTD 13 |
|
Summary |
Sale Price |
Sale Price |
Change from prior year |
Low |
$145,500 |
$126,000 |
15.5% |
High |
$760,000 |
$750,000 |
1.3% |
Average |
$277,300 |
$230,635 |
20.2% |
Median |
$258,000 |
$213,750 |
20.7% |
Units Sold |
227 |
338 |
-32.8% |
Data gathered from ACTRIS MLS August 31, 2014
Month of August 2014 – This month’s report iswritten on the last day of the month due to some upcoming scheduling conflicts. This could be noteworthy since all the sales from Friday 8/29 may not yet be reported by individual agents and their brokers. This caveat aside, there is no escaping some striking trends in the market. Unit volume is down dramatically and one day of sales will not correct that. It is also noteworthy that for the first time ever the average price for a home in Sun City Texas in a given month exceeded the $300k mark. To be fair, there was a custom home included in the totals and the mix of higher priced homes combined with the absence of entry-level homes, skewed the numbers higher. Equally as noteworthy, the Average Price/Sq.Ft. actually went down compared to last month’s total. Looking ahead to September, there are 35 re-sale homes currently contingent or under contract/pending, compared to last year’s 28 sales in September 2013, so it appears Sept. 2014 will have a 20% increase in volume sold, making up some of the shortfall in this month.
Year-To-Date August 2014 – Average price is $277.3k vs. last year’s $230.6k a 20% increase. Unit sales volume of 227 is off 33% from last year’s robust 338 total.
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. It is not intended for use to value a specific property or predict future valuations. For more information contact Brian@RuggRealty.com or call 512-966-3200.
March 2014 Results
See online at www.SunCityTexasRealEstateReport.com
|
March-14 |
March-13 |
|
Summary |
Sale Price |
Sale Price |
Change from prior year |
Low |
$187,000 |
$134,650 |
38.9% |
High |
$429,000 |
$405,000 |
5.9% |
Average |
$275,681 |
$227,242 |
21.3% |
Median |
$265,000 |
$212,000 |
25.0% |
Units Sold |
27 |
45 |
-40.0% |
|
Mar YTD 14 |
Mar YTD 13 |
|
Summary |
Sale Price |
Sale Price |
Change from prior year |
Low |
$147,000 |
$126,000 |
16.7% |
High |
$760,000 |
$438,500 |
73.3% |
Average |
$269,114 |
$222,680 |
20.9% |
Median |
$255,000 |
$208,950 |
22.0% |
Units Sold |
72 |
104 |
-30.8% |
Data gathered from ACTRIS MLS April 2, 2014
Month of March 2014 – The story continues; sales prices are up, volume of sales are down. It’s that simple. The biggest gain in sales prices is in the entry level priced homes. Sun City TX used to have a home for every pocketbook, but that looks like it is changing rapidly. Finding a home under $200k is rare, and when available, it is snatched up quickly. Entry-level homes have jumped in price more than $50k, to $187k vs. one year ago. Average sales price is up 21.3% to $275.7k. However, volume is down 40% to just 27 closings for the month. Looking ahead to April, there are 35 homes currently contingent, under contract/pending, compared to last year’s 44 sales in April 2013, so it appears April 2014 will not reach last year’s total sales.
Year To Date March. 2014 – Average and median sales prices are up 21% and 22% respectively. Sales volume of 72 re-sales homes vs. 104 a year ago is a 31% short fall.
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. It is not intended for use to value a specific property or predict future valuations. For more information contact Brian@RuggRealty.com or call 512-966-3200.
As seen on Active Rain from author & publisher Brian Rugg
February 2014 Results
See online at www.SunCityTexasRealEstateReport.com
|
February-14 |
February-13 |
|
Summary |
Sale Price |
Sale Price |
Change from prior year |
Low |
$147,000 |
$126,000 |
16.7% |
High |
$470,000 |
$438,500 |
7.2% |
Average |
$253,560 |
$218,573 |
16.0% |
Median |
$235,000 |
$186,500 |
26.0% |
Units Sold |
21 |
28 |
-25.0% |
|
Feb YTD 14 |
Feb YTD 13 |
|
Summary |
Sale Price |
Sale Price |
Change from prior year |
Low |
$147,000 |
$126,000 |
16.7% |
High |
$760,000 |
$438,500 |
73.3% |
Average |
$265,173 |
$219,200 |
21.0% |
Median |
$250,000 |
$190,900 |
31.0% |
Units Sold |
45 |
59 |
-23.7% |
Data gathered from ACTRIS MLS March 2, 2014
Month of Feb. 2014 – Is the glass half full, or half empty? February sales results force us to ask the question. Pricing for homes has continued to hit new high ground. Average sale prices are up 16% and median prices jumped 26%, over one year ago. However, total number of sales continues to lag prior year with just 21 sales recorded vs. 28 one year ago, a 25% decrease. There is no doubt that lack of inventory is a contributing factor, but the market does not have the intensity it had last year at this time. Looking ahead to March, there are 26 homes currently under contract/pending, compared to last year’s 45 sales in March 2013, so it appears March 2014 will also fall short in total sales.
Year To Date Feb. 2014 – High prices and low volume have gotten the year off to a sluggish start. Sales volume is down 24% compared to one year ago, but pricing is up across the board. It is noteworthy that the high water mark for high price homes was set by the sale of a custom home as opposed to a Pulte built product. It may also be noteworthy to point out that volume of sales is behind prior year for the past 5 months combined. Finally, we have seen the new home sales team lower prices on their inventory homes to help make their Q1 sales goal. It is much too early to predict a gloomy sales forecast for 2014, but we cannot ignore the YTD sales results.
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