The Sun Lakes AZ real estate market is trending slightly upward through September 30, 2016 as compared with the same period in 2015. Within the five separate Sun Lakes communities, there are 161 active listings of homes for sale as of today. This report will show detailed statistics with appreciation in each of the five communities as well as the overall trends.
Sun Lakes AZ Real Estate Market Report
555 homes sold in Sun Lakes in 2016 through September 30 compared to 541 last year for the same period. Let’s take a look at the comparison of statistics.
- Average price of homes sold in 2016 – $248,533 versus $245,487 in 2015
- Highest priced home sold in 2016 – $840,000 versus $850,000 in 2015
- Sale to list price ratio remained constant at 97%
- Average price per square foot of homes sold in 2016 – $129.69 versus $124.28 in 2015
- Average days on market in 2016 was 83 compared to 80 in 2015
Market Report by Sun Lakes Community
Oakwood Country Club
157 homes sold in Oakwood Country Club in 2016 through September 30 compared to 159 last year. Appreciation is up 2% over last year for this community.
- Average price of homes sold in 2016 – $337,082 versus $327,507 in 2015
- Highest priced home sold in 2016 – $840,000 versus $850,000 in 2015
- Sale to list price ratio remained constant at 97%
- Average price per square foot of homes sold in 2016 – $151.72 versus $151.09 in 2015
- Average days on market was the same at 85
Ironwood Country Club
Ironwood Country Club had 44 homes sell in 2016 versus 33 in 2015. Appreciation is up almost 5% in this community from last year.
- Average price of homes sold in 2016 – $301,120 versus $286,903 in 2015
- Highest priced home sold in 2016 was $440,000 compared to $410,000 in 2015
- Sale to list price ratio remained constant at 97%
- Average price per square foot of homes sold in 2016 – $141.71 versus $135.70 in 2015
- Average days on market in 2016 was 90 compared to 85 in 2015
Palo Verde Country Club
Palo Verde Country Club had 60 homes sell in 2016 compared to 54 in 2015. Appreciation for this community is up almost 4% over 2015.
- Average price of homes sold in 2016 was $283,632 compared to $272,938 in 2015
- Highest priced home sold in 2016 was $415,000 compared to $425,000 in 2015
- Sale to list price ratio was 97% in 2016 compared to 96% in 2015
- Average price per square foot of homes sold in 2016 – $136.46 compared to $135.12 in 2015
- Average days on market was 121 in 2016 compared to 97 in 2015.
Cottonwood Country Club
160 homes sold in Cottonwood Country Club in 2016 compared to 162 in 2015. Appreciation is up 7.5% so far in 2016 over this time last year.
- Average price of homes sold in 2016 was $224,656 compared to $208,850 in 2015
- Highest priced home sold in 2016 was $360,000 compared to $339,000 in 2015
- Sale to list price ratio was constant at 97%
- Average price per square foot of homes sold in 2016 – $127.41 compared to $119.57 in 2015
- Average days on market was almost identical with 74 in 2016 and 73 in 2015
Sun Lakes Country Club (single family homes)
45 single family homes sold in 2016 compared to 50 in 2015. Appreciation was up in this community 7.6% over 2015.
- Average price of homes sold in 2016 was $184,820 compared to $171,676 in 2015
- Highest priced home sold in 2016 was $275,000 compared to $270,000 in 2015
- Sale to list price ratio remained constant at 98%
- Average price per square foot of homes sold in 2016 – $130.09 compared to $111.99 in 2015
- Days on market increased in 2016 to 82 compared to only 59 in 2015
Sun Lakes Country Club (manufactured homes)
86 manufactured homes sold in 2016 compared to 79 in 2015. Appreciation was 7.5% over 2015.
- Average price of manufactured homes sold in 2016 – $114,940 compared to $106,857 in 2015
- Highest priced homes sold in 2016 was $186,500 compared to $166,000 in 2015
- Sale to list price ratio was constant at 96%
- Average price per square foot of homes sold in 2016 – $83.22 compared to $75.22 in 2015
- Days on market decreased in 2016 to 64 from 81 in 2015
For more information on Sun Lakes, AZ real estate market trends or for more detailed statistics contact us here or call 480-809-5759