Sun City Texas Real Estate Report© & Home Sales Summary
January 2020 Results
See online at https://www.ruggrealty.com/sun-city-tx-real-estate-market-reports/
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January-20
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January-19
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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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$199,000
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$199,900
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-0.5%
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High
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$900,000
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$400,000
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125.0%
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Average
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$321,614
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$279,063
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15.2%
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Median
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$272,500
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$272,000
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0.2%
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Units Sold
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35
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27
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29.6%
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Days on Market
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63
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97
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-35.1%
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January-20
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January-19
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Summary
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Sale Price / Sq. Ft
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Sale Price / Sq. Ft
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Change from prior year
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Low
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$137.0
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$131.8
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4.0%
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High
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$290.2
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$198.9
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45.9%
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Average
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$169.0
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$157.9
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7.1%
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Median
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$164.6
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$156.8
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5.0%
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Units Sold
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35
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27
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29.6%
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Data gathered from ACTRIS MLS February 4, 2020
Month of January 2020 – The beginning of a new decade and things are off to a bold start! Unit volume of 35 homes sold was 30% higher than the 27 homes sold just one year ago. Average Sale Price was skewed by the sale of a custom home at $900k, so not as relevant as one would hope. The Median Sale Price was up a modest .2% over prior year to $272,500. Perhaps the most important take away if that the pace of the market is distinctly different in 2020 with ADOM at 63 compared to last year’s 97, more than a month less time to sell. Looking ahead to February 2020, there are 47 re-sale homes currently contingent or under contract/pending.
January 2020 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 7.1% ahead of prior year and the Median Sale Price is up 5% to $164.6 per foot. Current inventory of resale homes is very low with just 67 home available. This is less than a two-month supply at current absorption rate of 35 homes per month.
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. If you find this report of value, please LIKE us on Facebook.
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