In April 2025, the Arizona real estate market exhibited signs of cooling, with increased inventory and shifting dynamics favoring buyers in several regions. Here's an overview of the market trends:
Inventory Surge: Active listings rose by nearly 50% year-over-year, providing buyers with more options and increasing competition among sellers.
Buyer Leverage: With the rise in inventory, buyers gained more negotiating power, leading to more concessions from sellers and longer days on market for listings.
Interest Rates: Mortgage rates softened slightly to around 6.63%, improving affordability for buyers.
Price Adjustments: The median sold price in Phoenix decreased by approximately 5% year-over-year, settling at $474,950.
Market Dynamics: The area transitioned into a buyer's market, with increased inventory and decreased demand leading to more favorable conditions for buyers.
Luxury Market: High-end properties experienced a slowdown, with contracts for homes priced over $1 million declining for six consecutive weeks.
Stable Prices: The median home sold price in Surprise was $431,717, reflecting a modest 0.5% increase from the previous year. Rocket - Help Everyone Home
Neutral Market: The housing market in Surprise remained balanced, with neither buyers nor sellers having a distinct advantage. Better Homes & Gardens+3Rocket - Help Everyone Home+3AGL Real Estate+3
Increased Negotiations: Buyers are now more inclined to negotiate prices and request concessions, especially in markets with higher inventory levels.
Seller Strategies: Sellers are encouraged to price homes competitively and ensure properties are move-in ready to attract buyers in a more discerning market.
Sun City Grand Homes Sold ON the Golf Course
| MARKETING NAME | SQ FT | Original List Price |
Final |
Sold Price | Days on Market | ADDRESS |
| Borgata + POOL + Casita | 2,261 | $750,000 | $750,000 | $760,000 | 7 | 19423 N CANYON WHISPER DR |
| Hacienda + 3CG | 2,334 | $839,000 | $819,000 | $795,000 | 37 | 19528 N CRESCENT RIDGE DR |
| Ironwood + 3CG | 2,732 | $779,000 | $764,000 | $745,000 | 111 | 19808 N SHADOW MOUNTAIN DR |
| Mesquite + POOL | 2,779 | $1,100,000 | $1,075,000 | $875,000 | 28 | 16253 W WINDCREST DR |
| Stonecrest + 3CG | 2,282 | $775,000 | $775,000 | $755,000 | 31 | 18352 N DIAMOND DR |
| AVERAGE | 2,478 | $848,600 | $836,600 | $786,000 | 43 |
Sun City Grand Homes Sold OFF the Golf Course
| MARKETING NAME | SQ FT | Original List Price |
Final List Price |
Sold Price |
Days on Market | Address |
| Acacia | 1,414 | $399,000 | $352,000 | $345,000 | 71 | 16436 W ARROYO VISTA LN |
| Acacia | 1,414 | $369,900 | $369,900 | $359,000 | 38 | 16318 W KEY ESTRELLA DR |
| Azalea | 1,500 | $398,900 | $359,900 | $359,900 | 60 | 19217 N CASA BLANCA WAY |
| Azalea | 1,500 | $399,000 | $399,000 | $393,000 | 5 | 18665 N PATINA CT |
| Azalea | 1,518 | $409,900 | $375,000 | $375,000 | 46 | 18727 N DESERT LIGHT DR |
| Borgata | 1,894 | $470,000 | $380,000 | $350,000 | 150 | 19326 N TALLOWOOD WAY |
| Borgata | 1,894 | $459,000 | $439,000 | $429,500 | 186 | 15916 W Zinnia CT |
| Borgata | 1,894 | $499,000 | $499,000 | $475,000 | 41 | 15039 W ROUNDERS DR |
| Borgata | 1,950 | $545,000 | $545,000 | $535,000 | 42 | 20071 N HORSE TRAIL DR |
| Coronado | 2,016 | $474,900 | $399,900 | $399,900 | 335 | 15437 W LA SALINAS LN |
| Desert Rose | 1,854 | $509,000 | $459,000 | $400,000 | 81 | 16828 W PALISADE TRAIL LN |
| Desert Rose | 1,854 | $515,000 | $495,000 | $478,000 | 156 | 19779 N DE GRAZIA CT |
| Desert Rose | 1,854 | $520,000 | $520,000 | $490,000 | 105 | 19330 N Hunters Run |
| Hacienda + 3CG | 2,404 | $585,000 | $585,500 | $585,000 | 28 | 16918 W GREENBRIAR POINT CT |
| Hampton | 2,962 | $799,000 | $799,000 | $770,000 | 44 | 19957 N RAWHIDE WAY |
| Hampton + POOL + 3CG | 2,865 | $1,100,000 | $790,000 | $760,000 | 230 | 19301 N PONDEROSA CT |
| Jasmine | 2,422 | $599,900 | $565,000 | $565,000 | 93 | 17327 N POTOMAC LN |
| Kiva | 1,278 | $334,000 | $334,000 | $334,000 | 10 | 15823 W ROSEWOOD WAY |
| Madera | 1,691 | $415,000 | $379,000 | $372,000 | 194 | 19601 N PAPAGO DR |
| Madera | 1,627 | $379,900 | $379,900 | $379,900 | 13 | 16453 W Sandia Park DR |
| Manzanita + 3CG | 1,712 | $500,000 | $472,500 | $450,000 | 180 | 16343 W SANDIA PARK DR |
| Mission | 2,318 | $640,000 | $499,000 | $485,000 | 175 | 15418 W BIG SKY DR |
| Palo Verde | 1,870 | $468,900 | $468,900 | $464,500 | 29 | 15542 W CYPRESS POINT DR |
| Palo Verde | 1,870 | $520,000 | $520,000 | $511,000 | 13 | 15501 W LAS VERDES WAY |
| Palo Verde + Casita | 2,000 | $598,500 | $485,000 | $470,000 | 332 | 16008 W VINEWOOD DR |
| Sagaro + POOL | 2,290 | $625,000 | $599,000 | $592,000 | 88 | 15571 W PRAIRIE DUNES DR |
| Sage | 1,338 | $399,000 | $370,000 | $357,500 | 126 | 15877 W ARROWHEAD DR |
| Sage | 1,338 | $385,000 | $375,000 | $375,000 | 81 | 15852 W ARROWHEAD DR |
| Sierra | 2,075 | $549,000 | $529,000 | $500,000 | 216 | 21159 N REDINGTON POINT DR |
| Sierra + 3CG | 2,019 | $498,900 | $498,900 | $499,000 | 41 | 19075 N HAWTHORN DR |
| Sierra + 3CG | 2,019 | $585,000 | $549,000 | $549,000 | 38 | 15004 W HOME RUN DR |
| Sierra + Casita | 1,997 | $475,000 | $475,000 | $450,000 | 4 | 20069 N LONDON BRIDGE DR |
| Silverstone | 1,239 | $324,000 | $315,000 | $315,000 | 29 | 16167 W QUAIL CREEK LN |
| Sonoma | 1,434 | $379,000 | $339,000 | $320,000 | 342 | 16015 W Silver Breeze DR |
| Sonoma | 1,434 | $435,000 | $425,000 | $425,000 | 39 | 16415 W LAVA DR |
| Stonecrest | 2,304 | $529,000 | $499,000 | $480,000 | 132 | 19952 N WINDOW ROCK DR |
| Stonecrest + 3CG | 2,298 | $499,500 | $499,500 | $499,500 | 84 | 18135 N SADDLE RIDGE DR |
| Valencia II | 1,936 | $449,900 | $410,000 | $400,000 | 527 | 20066 N GOLDEN BARREL DR |
| Verano + 3CG | 2,454 | $615,000 | $615,000 | $605,000 | 149 | 21633 N BLACK BEAR LODGE DR |
| Verbena | 2,035 | $399,900 | $399,900 | $405,000 | 149 | 15878 W LAUREL CANYON CT |
| Verbena | 2,035 | $489,000 | $399,900 | $380,000 | 76 | 15511 W AGUA LINDA LN |
| Willow | 1,183 | $352,000 | $337,000 | $335,000 | 189 | 18021 N VERDE ROCA DR |
| Willow | 1,183 | $379,000 | $359,000 | $340,000 | 153 | 18320 N LAS ROCAS WAY |
| Windrose | 2,273 | $517,000 | $495,000 | $460,000 | 149 | 16238 W STARRY SKY DR |
| Windrose | 2,256 | $575,000 | $525,000 | $520,000 | 15 | 15850 W SILVER BREEZE DR |
| Average | 1,883 | $497,089 | $464,104 | $452,060 | 117 |
Village at Sun City Grand Condominiums - La Solana
| MARKETING NAME | SQ FT | Original List Price |
Final List Price |
Sold Price | Days on Market | ADDRESS |
| Grande | 1,021 | $259,900 | $259,900 | $259,900 | 505 | APARTMENT 6102 |
| Grande | 1,013 | $299,900 | $295,000 | $281,000 | 124 | APARTMENT 2112 |
| Grande | 1,021 | $305,000 | $299,000 | $290,000 | 233 | APARTMENT 5311 |
| Mirada | 923 | $298,000 | $244,900 | $240,000 | 391 | APARTMENT 6109 |
Properties on this recently sold list have been listed or sold by various participants in the Arizona Multiple Listing Service. Information deemed reliable and accurate but not guaranteed.
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