Sun City, Feb 2024, Net Sale Price, Trend, Key Statistics, by ALEX.realestate

by swpre-chime-me

ALEX Labs just completed analysis of Sun City single family sales reported to the Austin Board of Realtors for February 2024. In about 60 seconds know more about the Sun City real estate market than almost anyone!

THE ONLY SOURCE

ALEX is the only source of:

(1) Sun City Net Sale Price Statistics (Net Sale Price = Sale Price LESS Repairs LESS Seller Contributions to Closing Costs.)

(2) Austin Board of Realtors Monthly Trend Model (Monthly Trend) applied to Sun City monthly sales.

(3) Monthly Net Sales and Other Key Statistics for over 45 Markets in the Greater Austin Area.

(4) Comparing % change in number of sales month over month to Monthly Trend. Georgetown comparative analysis.

MARKET & TREND

41 total sales:
Up 46% from the previous month. Up 17% from the same month last year

Monthly Trend: Predicted a 23.2% INCREASE from the previous month.

Sales Net of Monthly Trend: 22.8% POSITIVE difference in actual vs predicted sales.

$18,022,955 total net sales volume:
Up 49% from the previous month. Up 9% from the same month last year.

NET SALE PRICE

$437,095 average:
Up 1% from the previous month. Down 7% from the same month last year.

$217 per square foot average:
Down 1% from the previous month. Down 12% from the same month last year.

$387,250 median:
Down 12% from the previous month. Down 13% from the same month last year.

$215 per square foot median:
Down 2% from the previous month. Down 11% from the same month last year.

LIST PRICE

$453,177 average:
Up 1% from the previous month. Down 7% from the same month last year.

$225 per square foot average:
Down 1% from the previous month. Down 12% from the same month last year.

$415,000 median:
Down 8% from the previous month. Down 8% from the same month last year.

$220 per square foot median:
Down 3% from the previous month. Down 11% from the same month last year.

NET SALE $ % DISCOUNT FROM LIST $

6.2% average discount:
Down 37% from the previous month. Down 27% from the same month last year.

3.5% median discount:
Down 54% from the previous month. Down 34% from the same month last year.

CUMULATIVE DAYS FROM LISTING TO ESCROW

89 average days:
Down 20% from the previous month. Up 28% from the same month last year.

54 median days:
Down 30% from the previous month. Up 32% from the same month last year.

LUXURY INSIGHTS

$765,000 high net sale:
Up 22% from the previous month. Up 1% from the same month last year.

$289 per square foot high net sale:
Up 4% from the previous month. Down 7% from the same month last year.

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ALEX knows more about Sun City area than just about anybody.

If you have any questions, I am always here. Just call, text or email me.

Diane Hart Alexander, MBA, MHA, CEO, Broker
Alexander Tiffany Southwest dba ALEX.realestate
v 713.591.9902
e diane@alex.realestate

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