Newlife Sun City AZ Reports 125% Rise in Home Sales

The Newlife subdivision in Sun City AZ showed 27 houses sold year to date as of October 2015 as the average sales price of $102,596 recorded an advance of 19.1% from this time period during 2014. Compared to the same time range last year, which saw 12 sold homes, Newlife showed a 125% gain in total number of sold residential listings, a year-to-year advance 15 closed sales. With 6 residences sold year to date, the 120,000-139,999 price range recorded one of the largest numbers of closed sales.

Listed Home Prices Report 30.7% Rise. As of October 2015, Newlife reported a total of 39 active home listings this year. With 10 houses for sale, the 120,000-139,999 price range reported one of the greatest numbers of listings. When compared to this time range during 2014, which recorded 30 residences for sale, Newlife saw a 30% gain in the total number of active listings, showing a net increase of 9 units. The area's average active listed price year to date of $114,921 gained 30.7% over the average price of $87,920 from this reporting period a year ago. The average days on market for active listings in Newlife was 60 days through the end of October, which is a 7.7% reduction from the average in comparison to this reporting period in 2014. Residential listings are requiring less market time this year on average.

Statistics courtesy of ARMLS and deemed reliable but not guaranteed; percentages rounded. To receive current Newlife real estate information or to request a free evaluation of your property, please call Sun City real estate agent Sam Lawmaster with Realty ONE Group at (602) 680-8096 or contact us here.

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