Sun City Festival 3rd Q2018 Sales update.
Sales volume decreased 11.7% over last years figures. Units sold decreased by 11 for 32 units vs 43 in 17. Sales price per sq ft is continuing to climb supported by lower inventory as well as the trend toward smaller homes. The smaller the home, the higher price per square foot is normal. Sales loss in volume partly due to lack of inventory in resale homes, but also very strong new build action with Pulte.
Going into November we should see some steady activity trickling through before the big rush of seasonal buyers that will begin in the first quarter. If you are thinking about putting your home on the market but not sure about doing so during the holidays check out Should I Buy or Sell My Home During The Holidays it might be the most advantageous time to do so. For those of you that have been wanting to buy, it’s better to do so now if you can find the right home with price per square foot inching up. If you would like to get more info simply call, text, or email The Tim and Kym Team!
Sun City Festival 3Q 2018 Sales Update
This Year Volume: 10,622,905
Last Year Volume: 12,026,319
Active Listings 2018 32
Active Listings 2017 39
Closed Listings 2018 32
Closed Listings 2017 43
Low Sale this Year: 212,700 for a Spirit
Low Sale last Year: 185,000 for a Spirit
High Sale this Year: 491,200 for a Journey Spec
High Sale last Year: 375,000 for a Veranda
Average List Price per Foot this Year: 141.48
Average List Price per Foot last Year: 134.28
Average Sold Price per Foot this Year: 153.49
Average Sold Price per Foot last Year: 152.52
Average Days on Market This Year: 59
Average Days on Market Last Year:106
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