As we move into our strong selling season in Sun Lakes Arizona we are seeing our inventory begin to rise. Currently there are 171 homes on the market in all of Sun Lakes which is up quite a bit from the summer and into the beginning of fall where we were under 100 homes for sale. We always dip in inventory in the summer months but this year the inventory was one of the lowest and homes that were listed sold fairly quickly. Rising inventory is good for buyers who have waited throughout the summer to find a home. They have more choices, however the home prices have also increased and it takes a good real estate agent to educate buyers and sellers alike on the home values in Sun Lakes Arizona in 2013.
Gone are the “deals”. Buyers who make “low ball offers” are often finding sellers will not even respond with a counter. It is important to have an agent who knows the market well and can help educate the buyer on getting an offer accepted.
Sun Lakes Arizona
Sun Lakes is one of the top choices for active adult communities in Arizona. Why? Location is everything. Sun Lakes is just minutes from all major freeways – I-10, the 101 and the 202. We are seeing a number of buyers coming from the west side – Sun City and Surprise in particular. The Luke AFB noise and the traffic and distance to the airports has a negative impact on these buyers who want the convenience, affordability and location that Sun Lakes has to offer. And the famed Price Corridor is just out the back door of the Sun Lakes community. Home to major employers such as Intel, Pay Pal, GM Financial Services, Ebay, Orbital, Avnet and many more coupled with the fact that residents can be 40+ (no children under 19 living in the home) make Sun Lakes a great place to live while still working.
With just under 10,000 homes and five separate communities, Sun Lakes offers a great lifestyle with a huge playground. 99 holes of golf, 27 tennis courts, 12 swimming pools, fitness centers, walking paths, lakes, pickle ball, restaurants, entertainment and many social clubs and organizations.
The sales and statistics in this report are from the Arizona Regional Multiple Listing Service and are for the period November 1 – November 30 2013 versus 2012. You will notice sales prices up but in some cases days on market is a little longer. Our sales have slowed a bit in November. We’ll break it down by community and information is as of December 1, 2013.
Oakwood Country Club – 53 homes for sale
10 homes sold – avg sales price $344,440 18 homes sold – avg sales price $299,572
Sale/List Ratio – .97 Sale/List Ratio – .96
Avg sales price psf $148.38 Avg sales price psf – $125.94
Days on market – 60 Days on market – 45
Ironwood Country Club – 16 homes for sale
2 homes sold – avg sales price $322,500 4 homes sold – avg sales price $239,250
Sale/List Ratio .96 Sale/List Ratio – .95
Avg sales price psf – $142.91 Avg sales price psf – $116.22
Days on market – 110 Days on market – 115
Palo Verde Country Club – 16 homes for sale
3 homes sold – avg sales price $345,000 3 homes sold – avg sales price $268,300
Sale/List Ratio – .96 Sale/List Price Ratio – .97
Avg sales price psf – $122.24 Avg sales price psf – $135.50
Days on market – 62 Days on market – 46
Cottonwood Country Club – 42 homes for sale
13 homes sold – avg sales price $189,988 13 homes sold – avg sales price $181,300
Sale/List Ratio – .97 Sale/List Ratio – .96
Avg sales price psf $114.77 Avg sales price psf $98.09
Days on market – 72 Days on market – 31
Sun Lakes Country Club – 44 homes for sale – 14 are single family (this data for single family homes sold only)
4 homes sold – avg sales price $175,000 5 homes sold – avg sales price $140,940
Sale/List Ratio .95 Sale/List Ratio – 1.01
Avg sales price psf – $116.70 Avg sales price psf – $91.33
Days on market – 55 Days on market – 97
As we move into the strongest selling season for Sun Lakes (January – April) it will be interesting to see what happens. It is the time we see an influx of winter visitors many of whom are renting and looking for a home. Others are visiting friends and family and become interested in the marvelous winter climate and amenities Sun Lakes has to offer.
If you would like more information about the community of Sun Lakes or are interested in the real estate market – either buying or selling please give us a call – we are experts in the Sun Lakes real estate market. Call 480-440-0849 or email firstname.lastname@example.org. Sun Lakes Arizona is like living in a resort – every day!