The Sun Lakes AZ 2019 Real Estate Market Update is Hot off the Press!
Prices continue to rise as you will see in the Sun Lakes AZ 2019 real estate market update as inventory remains low. As of this post only 86 homes are actively for sale in Sun Lakes Arizona. That represents less than 1% of the nearly 10,000 homes in the communities.
682 homes were sold in 2019 with an average sales price of $309,487. Therefore, the Sun Lakes AZ real estate market favors sellers. Thus, buyers will need a real estate agent with the knowledge and expertise to navigate a successful offer.
How does the 2019 market report compare to 2018?
Great question! Ironically, the number of homes sold between the two years is only 1 home. 682 were sold in 2019 compared to 681 in 2018. By the way, days on market were similar with 58 in 2019 and 52 in 2018. Sale to list ratio was also the same at 98%. However, the increase in average sales price was significant at almost 5%.
Sun Lakes AZ 2019 Real Estate Update by Community.
Three homeowner associations govern the 5 communities that represent Sun Lakes, Arizona. With this in mind, let’s analyze the market report in IronOaks, Cottonwood-Palo Verde and Sun Lakes Country Club.
IronOaks had 249 homes sold in 2019 with an average sales price of $381,416. Also, the highest price home to sell was in IronOaks and sold for $688,000. Average days on market was 68. By the way, IronOaks has more two level homes than the other communities and that affects days on market with fewer people considering a home with two stories.
Cottonwood-Palo Verde has 276 sales with the average sales price of $307,686 and the highest price home sold for $515,000. Average days on market in this community was 55.
Sun Lakes Country Club had 157 homes sold with an average sales price of $197,635. $300,000 was the highest price home that sold in this community. Average days on market was 48.
The Kolb Team is recognized as the #1 real estate team in Sun Lakes by Nextdoor in 2019. And, we are in the top 1% of all Keller Williams agents nationwide. Get in touch with us at 480-440-0849 or contact us online.