Sun Lakes, AZ

Sun Lakes, AZ Real Estate Update
February 2012 ~

HOMES CURRENTLY FOR SALE ~
244...Down from from 257 last month
Lowest Price: $49,900 in Sun Lakes 1
Highest Price: $689,900 in Oakwood
Median list price: $214,850 ...down from $214,900 last month

Average Days on Market: 150...up from from 146 last month

HOMES SOLD IN JANUARY ~ 49...down from 52 last month
Lowest Sales price: $27,825 (in Sun Lakes 1)
Highest Sales price: $365,000 (In Oakwood ~ Sold by the Amy Jones Group)
Median Sales Price: $185,000 up from $179,000 last month

HOMES SOLD IN JANUARY BY COMMUNITY~

Sun Lakes 1
Homes Sold ~ 12
Lowest Sales Price: $27,825
Highest Sales Price: $188,500
Median Sales Price: $71,750
Average Days on Market: 124

Cottonwood
Homes Sold ~ 12
Lowest Sales Price: $122,000
Highest Sales Price: $279,900
Median Sales Price: $151,100
Average Days on Market: 62

Palo Verde
Homes Sold ~ 9
Lowest Sales Price: $154,000
Highest Sales Price: $350,000
Median Sales Price: $235,000
Average Days on Market: 123

Ironwood
Homes Sold ~ 0
Lowest Sales Price:
Highest Sales Price:
Median Sales Price:
Average Days on Market:

Oakwood
Homes Sold ~ 16
Lowest Sales Price: $128,500
Highest Sales Price: $365,000
Median Sales Price: $257,000
Average Days on Market: 135



*Information taken from Arizona Regional MLS. Information deemed reliable but not guaranteed.

Sun Lakes Country Club #1

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The first phase of Sun Lakes which was started in 1972.
Homes include manufactured and traditional frame construction.
2139 homes
60% manufactured (1972-) ~ 40% frame constructed (1976 - 2006)
Price Range of homes for sale as of 2/5/2012
$94,900 ~ $249,900 ( 21 Traditional Built Homes for Sale)
$49,900 ~ $98,767 (27 Manufactured Homes for Sale)
Median Sales Prices in 2011
$124,950 (62 Traditional Built Homes sold in 2011)
$70,000 (53 Manufactured Homes sold in 2011)

Cottonwood Country Club

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The Second Phase of Sun Lakes
Shares an HOA with PaloVerde
2736 frame constructed homes.
Price Range of homes for sale as of 2/5/2012
$109,900 - $329,000 (46 Single Family Homes for Sale)
$124,000 - $179,200 (7 Villas for Sale)
Median Sales Prices in 2011
$151,000 (111 Single Family Homes sold in 2011)
$150,000 (15 Villas sold in 2011)

Palo Verde Country Club (Gated)

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The Third Phase of Sun Lakes
Shares an HOA with Cottonwood
1073 frame constructed homes.
Price Range of homes for sale as of 2/5/2012
$175,900 - $357,500 (25 Single Family Homes for Sale)
51 Homes sold in 2011
Median Sales Price
$255,000

Ironwood Country Club (Gated

)

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The Fourth Phase of Sun Lakes
HOA (IronOaks) shared with Oakwood
734 frame constructed homes.
Price Range of homes for sale as of 2/5/2012
$168,500 - $649,900 (20 Single Family Homes for Sale)
19 homes sold in 2011
Median Sales Price
$220,000

Oakwood Country Club (Gated)

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The fifth and final phase of Sun Lakes which was completed in 2005 and is the largest Sun Lakes community.
HOA (IronOaks) shared with Ironwood
3285 Homes
Majority of the homes constructed of energy-efficient Integra Block
along with a small percentage of traditional frame constructed homes.
Price Range of homes for sale as of 2/5/2012
$183,900 - $689,900 (76 Single Family Homes for Sale)
$155,000 - $285,000 (20 Villas for Sale)
Median Sales Prices in 2011
$267,000 (112 Single Family Homes sold in 2011)
$188,750 (32 Villas sold in 2011)

This year's Calcutta, IronOaks Tennis Club's annual charity event, will start Saturday, February 4th at 12 noon. Come and enjoy a BBQ lunch (free for players and $5 for others) and join the auction to become the owner of one of the more than 40 teams competing in men's or women's doubles. Don't want to be the sole owner? Join with a group of friends to bid on teams.

Play will take place February 6^th - 11^th. The finals will be on Saturday the 11th. Owners of the winning teams will designate the charities that will receive the proceeds.

Charities include Neighbors Who Care, Sunshine Acres, American Heart Association, Susan G Komen, Pet Adoption Center, My Sister's Place, Big Brothers and Big Sisters, Michael J Fox Parkinson's Research and others. Last year $7,279 was donated to these charities. We hope to exceed that amount this year.

The Calcutta is open to players from the IronOaks Tennis Club, and residents from Sun Lakes and Sunbird. Spectators (from anywhere) are warmly welcomed to join in the festivities. Whether you bid on a team, buy raffle tickets for great prizes, or choose to be a sponsor at the Diamond, Gold, Silver, or Bronze level, your donation will serve those in need.

So come out to the IronOaks Tennis Club to enjoy the spirited matches and support a worthy cause!

It's buyer season in Sun Lakes and buyers are out in abundance in Sun Lakes. Our home inventory typically rises at this time every year and this year is no different. Buyer activity is strong, however and recent sales have driven the median sales price up in December. Stay Tuned!

Sun Lakes Real Estate Update
January 2012 ~

SUN LAKES HOMES CURRENTLY FOR SALE ~
257…Up from from 243 last month
Lowest Price: $47,500 in Sun Lakes 1
Highest Price: $689,900 in Oakwood
Median list price: $214,900 no change from last month
Average Days on Market: 146…down from from 153 last month

SUN LAKES HOMES SOLD IN DECEMBER ~ 52
Lowest Sales price: $45,000 (in Sun Lakes 1)
Highest Sales price: $391,000 (in Oakwood)
Median Sales Price: $179,000 up from $175,000 last month

ACTIVE LISTINGS AND HOMES SOLD IN DECEMBER
BY COMMUNITY~

Sun Lakes 1
Homes for Sale ~ 50
Lowest price: $47,500
Highest Price: $197,900
Median List Price: $89,300
Average Days on Market: 151

December Homes Sold ~ 14
Lowest Sales Price: $45,000
Highest Sales Price: $185,000
Median Sales Price: $111,500
Average Days on Market: 162

Cottonwood
Homes for Sale ~ 62
Lowest price: $94,900
Highest Price: $329,000
Median List Price: $178,450
Average Days on Market: 15

December Homes Sold ~ 11
Lowest Sales Price: $115,500
Highest Sales Price: $180,000
Median Sales Price: $144,900
Average Days on Market: 138

Palo Verde
Homes for Sale ~ 27
Lowest price: $175,900
Highest Price: $415,000
Median List Price: $274,900
Average Days on Market: 218

December Homes Sold ~ 5
Lowest Sales Price: $247,000
Highest Sales Price: $315,000
Median Sales Price: $253,000
Average Days on Market: 214

Ironwood
Homes for Sale ~ 20
Lowest price: $183,000
Highest Price: $649,900
Median List Price: $289,950
Average Days on Market: 161

December Homes Sold ~ 2
Lowest Sales Price: $180,000
Highest Sales Price: $180,000
Median Sales Price: $180,000
Average Days on Market: 338

Oakwood
Homes for Sale ~ 98
Lowest price: $159,900
Highest Price: $689,900
Median List Price: $274,950
Average Days on Market: 115

Homes Sold ~ 20
Lowest Sales Price: $162,750
Highest Sales Price: $391,000
Median Sales Price: $228,000
Average Days on Market: 94

*Information compiled from Arizona Regional MLS.
Information deemed reliable but not guaranteed.