Sun City Texas Real Estate Report© & Home Sales Summary
October 2019 Results
See online at www.SunCity https://www.ruggrealty.com/sun-city-tx-real-estate-market-reports/
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October-19
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October-18
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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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$177,500
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$187,000
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-5.1%
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High
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$533,000
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$536,000
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-0.6%
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Average
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$298,544
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$296,649
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0.6%
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Median
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$270,000
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$273,000
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-1.1%
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Units Sold
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43
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35
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22.9%
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Days on Market
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48
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58
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-17.2%
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Oct. YTD 19
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Oct. YTD 18
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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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$177,500
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$175,000
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1.4%
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High
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$920,000
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$740,000
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24.3%
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Average
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$297,357
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$301,770
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-1.5%
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Median
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$278,000
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$285,000
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-2.5%
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Units Sold
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430
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354
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21.5%
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Days on Market
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77
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57
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35.1%
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Data gathered from ACTRIS MLS November 2, 2019
Month of Oct. 2019 – Another big month of sales with 43 re-sale homes sold. Average selling price was ½ of a percent higher than prior year and Median sale price was down just 1.1% vs. one year ago. The biggest news for the month is that days on market (DOM) fell to just 48 days compared to 58 days one year ago. We can’t tell if this was an anomaly or the beginning of a trend. Either way it is welcomed news to see the activity occur at a more rapid pace. Looking ahead to November 2019, there are 44 re-sale homes currently contingent or under contract/pending. It seems inevitable that we will meet or exceed last November’s volume of 34.
Oct. YTD 2019 – Another strong month of sales has pushed the YTD units sold number to 430 homes compared to 354 last year, a 21.5% increase. Average and Median Sales Price are down 1.5% and 2.5% respectively. DOM are still 35% higher than last year taking 75 days on average to sell vs 57 days one year ago.
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 512-818-6700.
Want an archived report? Send request to Brian@RuggRealty.com
