Sun City Texas Real Estate Report© & Home Sales Summary
December 2018 Results
See online at www.RuggRealty.com
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December-18
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December-17
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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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$193,000
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$191,000
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1.0%
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High
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$530,000
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$585,000
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-9.4%
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Average
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$289,070
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$299,232
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-3.4%
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Median
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$267,950
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$276,250
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-3.0%
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Units Sold
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48
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34
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41.2%
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ADOM
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93
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59
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57.6%
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Dec. YTD 18
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Dec. YTD 17
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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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$175,000
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$166,500
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5.1%
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High
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$740,000
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$1,100,000
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-32.7%
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Average
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$301,236
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$298,563
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0.9%
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Median
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$285,000
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$267,500
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6.5%
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Units Sold
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436
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430
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1.4%
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ADOM
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63
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54
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16.7%
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Data gathered from ACTRIS MLS January 3, 2019
Month of December 2018 - Unit volume took a big job as many of the properties that were sitting as backlog finally closed. Sale of 48 homes was a 41.2% increase over Dec. ’17. Average sale price declined 3.4% vs one year ago and median sale price also declined 3.0% to $267,950. Only entry-level prices managed a 1% increase over prior year to $193k. Average days on market reached 93, a whopping 58% over one year ago. Looking ahead to January 2019, there are 34 re-sale homes currently contingent or under contract/pending.
December YTD 2018 – Another year in the record books. December’s exceptionally strong showing erased 7 consecutive months of lagging unit volume sales to finish the year with 436 sales a 1.4% increase over last year’s 430-unit mark. Average sales price managed a fraction of 1% increase to 301,236 and median sales price rose 6.5% to $285,000. While the numbers speak for themselves, any prudent reader will enter 2019 with caution and recognize prices are flat at best, and it will take longer to get homes sold.
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.
Want an archived report? Send request to Brian@RuggRealty.com
