2022 Year in Review
As we enter 2023, my… how things have changed. As documented in previous newsletters, the market slowed dramatically starting around Memorial Day last year. The first 5 months of 2022 had us on track for another 25%, but buyer demand slowed, certainly spurred by rising interest rates and buyer fatigue from rising prices and bidding wars. So where did we end up?
Despite the slowdown in the last 7 months, we still saw year-over-year appreciation of over 18%! Some interesting current market statistics since the Memorial Day 2022 slowdown:
- Inventory is up 193%
- 277 of the 599 closings for the year (322 in the first 5 months)
- Average price was $472,494
- Average days on market was 46
- Current days on market is nearing 70 for active and under contract listings
Currently, we get asked frequently if prices are going to keep going down or even worse, and are we headed for another housing market crash like 2007. The following graphic compares the current economy/housing market vs the conditions leading up to the last housing market crash.
Vendor of the Month
If you are thinking of doing a few home improvement projects or you just want someone to clean your grill… Email us at email@example.com and we will be happy to share our The Kolb Team Preferred Vendor List with you.
A mortgage is an agreement between you and a lender that gives the lender the right to take your property if you fail to repay the money you borrowed plus interest. Mortgage loans are used to buy a home or to borrow money against the value of a home you already own.
- Mortgages are loans that are used to buy homes and other types of real estate
- The property itself serves as collateral for the loan
- Mortgages are available in a variety of types, including fixed-rate and adjustable-rate
- The cost of a mortgage will depend on the type of loan, the term (such as 30 years), and the interest rate that the lender charges
- Mortgage rates can vary widely depending on the type of product and the qualifications of the applicant
Searching for That Perfect Home?
When looking at pictures online, it can be tricky to figure out the layout of a home. We can help you with that! On our website, you can access the most popular floor plans in Sun Lakes, AZ. Just click the button below!
Pet of the Month
Meet this month’s Pet of the Month
Congratulations to Divot, our January Pet of the Month. Divot is part Yorkie and is about the size of a divot. He enjoys going to play golf, but his parents say they have to keep his carrying case zipped up because he likes to wiggle out! Divot, tell your parents to watch their inbox for a Chewy Gift Card.
If you would like your pet to be featured in our Pet of The Month and win a Chewy gift card for your sweet family member, send a picture to firstname.lastname@example.org and tell us why your furbaby makes you happy. We look forward to seeing all of your awesome pet pics!
Creamy Winter Squash Soup
- 1 stick of butter
- 1 large onion, chopped
- 2 lbs of winter squash or pumpkin, peeled, seeded, and cut into 1-inch cubes
- 3 C chicken broth
- 1 C heavy cream
- 1 Tbsp Sherry
- Salt and fresh ground pepper
Melt butter and cook the onion and squash in it for 5 minutes. Add broth and cook for 1 hour, covered, until the squash is soft.
Puree in a blender and return to the pan. Add the cream, sherry, salt and pepper to taste. Warm and serve with chives on top.
National Soup Month Warms Us In The Cold Season
Many Arizona residents have moved to this state to escape super cold and snowy winters. Northern Arizona experiences snow and extreme cold, but southern Arizona mostly deals with some lower temperatures and rain now and then. Wherever you live in Arizona, soup is such a comfort during the colder seasons.
In 1986, Campbell’s founded National Soup Month. There are so many choices between this national brand and homemade options, some of which may include Grandma’s chicken soup, Auntie’s borscht, Texas chili, vegetable, and others. Soup has the ability to bring families together and heal ailments. Not only do these make us feel better and replenish nutrients, but they fill our homes with a delectable scent too. #NationalSoupMonth gives you the opportunity to cook old and new recipes, as well as bring this warmth to your family, friends, and social media following.
See What Our Clients Are Saying!
“We had a great experience working with them.”
Howard & Jean
Buyers of the Month
We have buyers who are ready, willing, and able to purchase and can’t find homes. If you or someone you know is thinking of selling and can accommodate, get in touch with us.
We have your buyer!
- Buyers looking for a 2 bedroom + den in Oakwood or Ironwood in the $450,000-$500,000 range.
- Buyers looking in Cottonwood and Palo Verde on the golf course with a nice backyard and 2+ bedrooms.
- Buyers looking for a 2.5-car garage plus a pool.
Recent Real Estate Sales in Sun Lakes
Wondering about your Neighbor’s Home Sales Price? Find out here to see what sold last month. The report is broken down by HOA, address, and floor plan (if the agent listed the model in MLS).
We Are Committed to Helping End Polio Now!
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Get Insider Information
We live, work, play, and volunteer in Sun Lakes and we know the ins and outs of this community
As always, if you or someone you know is considering buying or selling a home,
we are here year-round and would love to help! Visit us online at
TheKolbTeam.com or call 480-809-5759.