Sun Lakes Residential Sales Report 15% Rise

Through the month of October 2015, Sun Lakes, AZ reported a total of 584 residential property sales year to date as the average sales price of $236,122 posted an advance of 2.6% from this reporting period a year ago. The total amount of sold listings in Sun Lakes had a 15.4% advance when compared to this time range during 2014, which showed a volume of 506 sold properties, a year-to-year net advance of 78 closed sales. The 200,000-249,999 price category posted one of the largest numbers of homes sales this year at 127 completed purchases.

Houses For Sale Gain 12%. Sun Lakes has seen 991 active for sale homes so far in 2015 through October 31. At 201 houses for sale, the 300,000-399,999 price bracket had one of the largest numbers of units. Compared to this reporting period a year ago, which showed 883 houses for sale, Sun Lakes had a 12.2% gain in the total number of active residential listings, a year-over-year increase of 108 residential homes. The average active list price year to date posted a rise of 3.1% when compared to this reporting period a year ago, increasing to $259,678. The cumulative days on market (CDOM) for active for sale properties in Sun Lakes was 78 days through October, showing a 16.4% advance when compared to this time period one year ago. Residences for sale are requiring more market time this year on average.

Sam Lawmaster is a Sun Lakes REALTOR who specializes in residential listings. Stats supplied by ARMLS and deemed accurate but not guaranteed; percentages rounded. For the most recent local real estate market info or to obtain a complimentary evaluation of your current property, please call Sam with Realty ONE Group at (602) 680-8096 or contact us here.

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