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Today, I’m here in a one-story galleria for a home tour and quick update on the latest statistics for Sun Lakes real estate.
As of the end of March, there are 230 properties for sale. Of those, 200 are single-family homes, 8 are townhouses/villas, and 20 are mobile or manufactured homes. We have a little less than 10,000 homes total in Sun Lakes, and the number of homes for sale cycles up and down. We should see that number decline by the time folks leave for the summer.
When you look at the breakdown of homes for sale by communities, you’ll see that Oakwood has 72 properties for sale, Ironwood has 22 properties for sale, Palo Verde has 33, Cottonwood has 62, and Sun Lakes Country Club has 11.
Overall, Sun Lakes saw a 5% to 8% increase in home values over the last year. This isn’t as dramatic of an increase as some areas have seen. However, 5% to 8% is good, steady growth. The median sale price is $230,000, which also varies in different communities. For example, Oakwood has a median sales price of $305,000 while Cottonwood’s is $212,000. The average price per square foot in Sun Lakes is $139, which, again, varies in each community.
Now, this one-story galleria has 2 bedrooms and a 3 car garage. Listed at $330,000, this property is a great deal! It’s on a corner lot and features a library and two walk-in closets for the master suite.
If you have any questions about this property or our current market, give me a call or send me an email. I would be happy to help you!
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