Sun Lakes AZ Home Value Market Trends 2016

Sun Lakes AZ Homes Value Market Trends are showing an upward tick in appreciation in 2016. Sun Lakes has five separate communities. This report will provide an overall market trend for Sun Lakes as well as a break down by community.

Sun Lakes AZ

Overall, Sun Lakes enjoyed a 5% appreciation in home market trends in 2016 over 2015. 2016 had 714 closed sales compared to 687 in 2015. Average sales price in 2016 was $247,468 compared to $235,833 in 2015. Sale to list price ration remained at 97% both years and average days on market was similar with 2016 at 80 days and 2015 at 75.

Sun Lakes is comprised of five communities including Sun Lakes Country Club, Cottonwood, Palo Verde, Ironwood and Oakwood Country Clubs. Each of these communities had gains in appreciation in 2016 as well. Let’s analyze.

Sun Lakes Oakwood

This community is the newest gated community and the largest of the five with just over 3,200 homes. Oakwood had a slight appreciation of 1.5% in home value market trends in 2016 over 2015. 203 homes were sold in 2016 compared to 196 in 2015. Average sales price in 2016 was $329,548 compared to $324,068 in 2015. Sale to list price ration increased one percentage point in 2016 to 98%. Average days on market for 2016 was 85 compared to 79 in 2015.

Sun Lakes Ironwood

Ironwood is also a gated community with 734 homes and saw an appreciation of 5.2% for 2016. 60 homes sold compared to 45 in 2015. Average sales price was $300,400 for 2016 compared to $285,391 in 2015. Sale to list price ratio decreased by one percentage point in 2016 to 96%. Average days on market was 91 for 2016 compared to 85 in 2015.

Sun Lakes Palo Verde

Palo Verde is a gated Sun Lakes community with just over 1,000 homes and enjoyed a 3.5% appreciation in 2016 home values over 2015. 82 homes sold in 2016 with an average sales price of $283,089 compared to 68 homes at $273,345 in 2015. Sale to list price ratio increased one percentage point in 2016 to 97%. Days on market for 2016 was 113 compared to 89 in 2015.

Sun Lakes Cottonwood

Cottonwood has 2,736 single family and villa homes and had a 4.8% appreciation in 2016 home values. 202 homes sold in 2016 compared to 203 in 2015. Average sales price in 2016 was $222,916 compared to $212,591 in 2015. Sale to list price ration remained unchanged at 97%. Days on market were almost idential with 70 in 2016 and 68 in 2015.

Sun Lakes Country Club

This community was the first of the Sun Lakes homes and is comprised of single family and manufactured homes. 2016 home value appreciation was 4% with 164 homes sold in 2016 compared to 171 in 2015. Average sales price in 2016 was $139,122 compared to $133,691 in 2015. Sale to list price ration remained at 97% both years. Average days on market in 2016 was 65 compared to 71 in 2015.

Are you ready to learn more about Sun Lakes AZ Home Value Market Trends 2016?

Contact us here or call 480-809-5759 to learn more about homes for sale in Sun Lakes, Arizona. We can also provide you with more detailed market trends such as golf course lot homes, homes with a private pool, etc.