Sun Lakes AZ Real Estate Market Report October 2015
The Sun Lakes, AZ real estate market report for the period ending October 2015 is out. Homes have been listed and sold consistently throughout the summer months, and now that most snowbirds are back we are seeing an increase in inventory and in buyer traffic. Sun Lakes consists of five separate communities governed by three home owner associations. Sun Lakes Country Club stands alone. Cottonwood and Palo Verde fall under the SLHOA#2 and Ironwood and Oakwood are under SLHOA#3. For purposes of this market report each community will stand alone for ease of comparison.
Sun Lakes AZ Community Real Estate Report
See what home prices have done in each Sun Lakes, Arizona community in 2015 through October 31.
Oakwood Country Club, the newest of the communities has 3,285 homes. 171 homes have sold through October of 2015 with an average sales price of $323,735 which is up slightly over 2014. The average sales price per square foot sold is $150.50 and average days on market was 82, up from last year at 66. The highest priced home that sold was $850,000.
Ironwood Country Club has 734 homes and 36 homes have sold through October with an average sales price of $284,214 down just over 11% from 2014. The average price per square foot sold was 137.07 almost identical to the same period in 2014. Average days on market was 89, down compared to 109 in 2014. The highest priced home that sold was $410,000.
Palo Verde Country Club has 1,073 homes. 60 homes sold through October with an average sales price of $269,976 up slightly from $265,705 in 2014. The average price per square foot sold was $135.76 down some for $139.22 in 2014. Average days on market was 92 compared to 66 in 2014. The highest priced home sold was $425,000.
Cottonwood Country Club has 2,736 homes. 175 homes sold with an average sales price of $210,218 which is up 5% from 2014. The average price per square foot sold was $119.93 up from $117.67 in 2014. Average days on market was 72 in 2015 compared to 57 in 2014. The highest priced home sold in Cottonwood was $339,000.
Sun Lakes Country Club has 2,139 homes with some manufactured housing. The report excludes the manufactured home sales. 55 homes sold in 2015 so far with an average sales price of $173,969 compared to $157,673 in 2014. Average price per square foot sold was $112.84 down from $114.95 in 2014. Average days on market was 59 compared to 68 in 2014. The highest price home sold was $270,000.
Contact the Kolb Team for more information about Sun Lakes, Arizona real estate. See our Sun Lakes, AZ community video below for a look at enjoying the active adult lifestyle.
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