About Sun Lakes Arizona Homes
Sun Lakes Arizona Homes are found in SW Corner South Chandler, Arizona. Your Search Results will appear below showing the “Newest Listings” first. Fine-Tune those results by simply adding more of your own criteria in the form provided below, for better and Quick Results!! Simply “click” on the home photos to display all the details for your selected home.
We can currently see (56) homes available in Sun Lakes today.
May Property sales were 73, down 6.4% from 78 in May of 2016 and 9.0% higher than the 67 sales last month. May 2017 sales were at a mid level compared to May of 2016 and 2015. May YTD sales of 294 are running 1.4% ahead of last year’s year-to-date sales of 290.
The Median Sales Price in May was $279,950, up 10.2% from $254,000 in May of 2016 and up 1.2% from $276,500 last month. The Average Sales Price in May was $296,541, up 3.8% from $285,768 in May of 2016 and up 5.0% from $282,389 last month. May 2017 ASP was at the highest level compared to May of 2016 and 2015.
The Total Inventory of Properties available for sale as of May was 103, down 1.0% from 104 last month and down 30.9% from 149 in May of last year. May 2017 Inventory was at its lowest level compared with May of 2016 and 2015.
The average Days On Market (DOM) shows how many days the average Property is on the market before it sells. An upward trend in DOM tends to indicate a move towards more of a Buyer’s market, a downward trend a move towards more of a Seller’s market. The DOM for May was 54, down 15.6% from 64 days last month and down 31.6% from 79 days in May of last year. The May 2017 DOM was at its lowest level compared with May of 2016 and 2015.
Selling Price Per Square Foot
The Selling Price per Square Foot is a great indicator for the direction of Property values. Since Median Sales Price and Average Sales price can be impacted by the ‘mix’ of high or low end Properties in the market, the selling price per square foot is a more normalized indicator on the direction of Property values. The May 2017 Selling Price per Square Foot of $149 was up 1.1% from $147 last month and up 8.9% from 136 in May of last year.
Selling Price vs Original Listing Price
The Selling Price vs Original Listing Price reveals the average amount that Sellers are agreeing to come down from their original list price. The lower the ratio is below 100% the more of a Buyer’s market exists, a ratio at or above 100% indicates more of a Seller’s market. The May 2017 Selling Price vs Original List Price of 95.8% was up from 95.5% last month and up from 93.5% in May of last year.
Whether you’re thinking about buying or selling, you can contact us directly to discuss your local market. We’d love to be your trusted real estate advisor if you’re looking to make a change this year. Please feel free to contact us with any questions, as we will be happy to hear from you – Thanks!! (480)208-7955
Corey Frederic –
Coldwell Banker Residential Brokerage