What is my Sun Lakes AZ Home Worth in January 2015
The weather has been perfect in the mid to upper 70’s and the Sun Lakes Arizona winter rental folks are out enjoying the mild winter climate and looking to purchase homes. That has homeowners asking “What is my Sun Lakes AZ home worth in January 2015?” Priced at market it will sell. What does that mean? Well, although the home values have risen in 2014 the market is favored toward buyers. The Cromford Index indicates a balanced market at 100. Currently at 70.9 the indication is that buyer demand is still down compared to the number of homes on the market and while your home may be valued higher with comparable sales the buyers are just not buying. Pricing a home to sell will require the skill and knowledge of a Sun Lakes AZ real estate agent.
Pricing the home accurately is one part of the equation in answering the question “what is my Sun Lakes AZ home worth in January 2015?” As is always the case, sellers need to make sure their home is updated, well maintained and free of clutter. When all of those items are addressed the home will have an excellent opportunity to be seen and sold in the Sun Lakes AZ real estate market in January 2015.
Home Sales in Sun Lakes AZ
January kicks off the strong selling season in Sun Lakes Arizona and it continues into mid April. Currently 247 homes are actively for sale in MLS (Multiple Listing Service). 598 homes sold in Sun Lakes in 2014 with an average sales price of$228,796 and an average price per square foot sold of $122.50. Average days on market was 68. The highest price home that sold was one of the Kolb Team listings at $559,000.
Compare that to 2013 when 691 homes sold – over 15% more than in 2014. The average sales price of homes sold in 2013 was $210,083 and the average price per square foot sold was down from 2014 at $111.43. Average days on market in 2013 was 73.
The great news is the increase in home values in 2014 over 2013 by 9%. The sales to list price ratio remained the same at 97%. That’s good news for sellers when a home is priced accurately as they are seeing the “low ball” offers begin to wane. Sure, there are still a few buyers who will instruct their agent to submit a ridiculous offer, but when priced accurately the market shows a 97% sale to list and that’s good news for sellers.
The annual median sales price as of January 15, 2015 in Sun Lakes AZ is $247,500. Take a look at the pink line on the graph to see that it was up from $189,000 in 2011 – that represents a 31% increase in value in 4 years!
Sun Lakes AZ Real Estate Market Summary
Currently, the Sun Lakes AZ real estate market is favorable toward buyers with 247 homes currently listed for sale. The averages and totals for the Sun Lakes AZ real estate market in January 2015 are as follows:
- Total number of listings: 247 homes
- Number of homes sold thus far in January: 10
- Highest priced listing: $1,300,000
- Lowest priced listing: $76,000
- Largest home on the market: 4,311 sq ft
- Smallest home on the market: 1,140 sq ft
Now is the time to sell your home in this real estate market. Don’t lose out on the prime selling season. Buyers are in Arizona this time of year and your home could be just the one they are looking for. Contact a Sun Lakes AZ Realtor today and get the answer to your question: “What is my Sun Lakes AZ home worth in January 2015?” Statistics provided by ARMLS (Arizona Regional Multiple Listing Service). Information is deemed reliable but not guaranteed.
Find Sun Lakes AZ Homes for Sale
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Call me at 480-440-0849 to find out what your Sun Lakes AZ home is worth or to discuss your housing needs. The right home and/or buyer is out there…I can help you find it/them.