Palo Verde Country Club in Sun Lakes area is the first of the gated communities in this Robson developed active adult community. With 1,073 homes it is large enough to have wonderful amenities but small enough to get to you know your neighbors.
Palo Verde Country Club
Located at the intersection of Riggs Road and Alma School, this gated community is conveniently located to all major freeways including the I-10, the 101 and the 202. Near major shopping malls, restaurants and both Sky Harbor and Mesa Gate airports is just one of the reasons so many people choose Sun Lakes Arizona over other active adult communities. The amenities are many including golf courses, tennis courts, pickle ball, fitness center, walking paths, bocce ball, parks, lakes, restaurants and so many clubs and social organizations that you will not easily become bored. Be as active as you want or simply kick back, relax and go at your own pace.
Palo Verde is part of the Cottonwood-Palo Verde homeowner association with reasonable homeowner dues covering everything from common areas (pools, hot tubs, restaurants, walking paths, etc.) to the street maintenance in gated Palo Verde Country Club. The one time capital improvement fee typically paid by a buyer at close of escrow, the community has reserves for future capital improvements – something every potential buyer should want.
Market Trends for 2013
Palo Verde, like the other Sun Lakes communities, saw low inventory for much of 2013 creating higher prices and more buyer demand than in 2012. 61 homes sold in both 2012 and 2013 but the statistics are different! The average price home that sold in 2013 was $264,815 up 8% over 2012’s average price of $244,993. Average sales to list price ratio rose slightly in 2013 with .96 compared to .95 in 2012. One of the trends most enjoyed by sellers was average days on the market was down in 2013 to 96 from 2012’s average of 137. A month makes quite a difference in carrying costs.
The highest priced home that sold in 2013 was $420,000 compared to $400,000 in 2012. The lowest priced home to sell in 2013 was $170,000 compared to $137,500 in 2012. Part of this is due to the lack of short sales and lender owned properties in 2013 and the low inventory with increased buyer demand. The “deals” are gone in Sun Lakes Arizona. Even with interest rates rising some, the rates are still lower than they have been in many years and inventory is increasing with the holidays passed. Homes are affordable and Palo Verde is one community to consider if you are looking for an active lifestyle, great amenities and the opportunity to easily make new friends.
If you find yourself thinking about a home in a mild winter climate call The KOLB Team – Sun Lakes residents and real estate experts. You can search all homes for sale in Sun Lakes on our website. It is directly connected with Arizona’s multiple listing service. It is up-to-date and in real time so you will not find outdated, expired or sold listings. Our You Tube Channel features community videos’ of Sun Lakes as well as video’s of our listings. So what are you waiting for? Let The KOLB Team get to work for you today!