Month of February 2019 - Unit volume was 32 vs 29 one year ago, a 10.3% increase. Average Sale Price dropped 3.9% to $292.0k compared to prior year. Median Sale Price dropped 5.2% to $272.0k. Entry level homes managed a ½ of 1% increase to $195.0k and high-end homes had a big sale at $585.0k. On a price per sq. ft. basis the Median Sale Price fell 4.9% to $157.5. Perhaps the most telling statistic is the increase of Average Days on Market, up 45% to 93 days. The combination of high inventory, soft prices, & long time to sell appears to be a trend that will continue. Looking ahead to March 2019,there are 33 re-sale homes currently contingent or under contract/pending.
February YTD 2019 – The year to date numbers mirror the monthly performance. Average & Median Sale Price are down 6.3% & 5.2% respectively. Unit volume held it own and managed a 3.5% increase to 59 units sold vs 57 last year. Average Days on Market is up to 95 days compared to just 55 days one year ago, a 73% increase.
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. For more information contact Brian@RuggRealty.com or call 512-818-6700.
