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Sun City Grand Homes Sold August 2022

The Cromford Report and Michael Orr

ARIZONA MULTIPLE LISTING MARKET SUMMARY FOR SEPTEMBER 1, 2022

Active Listings 18,694 versus 6,873 last year - up 172% - and up 4.1% from 17,957 last month
Active Listings 21,506 versus 10,988 last year - up 95.7% - and up 3.8% compared with 20,724 last month
Pending Listings: 5,607 versus 7,917 last year - down 29.2% - but up 6.0% from 5,291 last month
Under Contract Listings 8,419 versus 12,032 last year - down 30.0% - but up 4.5% from 8,058 last month
Monthly Sales: 6,291 versus 9,048 last year - down 30.5% - but up 1.7% from 6,188 last month
Monthly Average Sales Price per Sq. Ft.: $286.78 versus $249.39 last year - up 15.0% - and up 0.2% from $286.10 last month
Monthly Median Sales Price: $444,900 versus $401,000 last year - up 10.9% - but down 1.6% from $452,500 last month

The Arizona real estate market is still suffering the effects of unusually low affordability. Interest rates are much higher than they were at the start of the year and even if prices drop to the level they had in January, homes will still be less affordable due to these higher rates. The future direction of interest rates is notoriously hard to predict. The last 2 months saw a decline in average 30-year fixed mortgage rates from 5.52% to 5.22% (as reported by Freddie Mac) and a clear drop in asking prices. You could argue that the slight rise in demand we have witnessed is a weak response to both these factors. However at least it did respond. The small increase in buyer enthusiasm could soon dissipate if interest rates rise again.

Sun City Grand Homes Sold ON the Golf Course

Marketing Name	SQFT	Original List Price	Final List Price	Sold Price	Days on Market	ADDRESS
HACIENDA	2,334	$800,000	$800,000	$800,000	11	20559 N CANYON WHISPER DR
MESQUITE	2,744	$859,999	$859,999	$820,000	30	15315 W PARADISO CT
MESQUITE	2,779	$835,000	$835,000	$800,000	19	15439 W CYPRESS POINT DR
STONECREST	2,304	$609,000	$609,000	$580,000	30	20225 N CLEAR CANYON DR
AVERAGE	2,540	$776,000	$776,000	$750,000	23

Sun City Grand Homes Sold OFF the Golf Course

Marketing Name	SQFT	Original List Price	Final List Price	Sold Price	Days on Market	ADDRESS
ACACIA	1,414	$435,000	$399,500	$408,000	36	16413 W SANDIA PARK DR
ACACIA	1,414	$455,000	$455,000	$455,000	16	15465 W ENCANTADA DR
ASHBURY	2,539	$625,000	$599,000	$599,000	32	17957 W Tierra Del Sol DR
AZALEA	1,518	$499,999	$499,999	$499,000	14	18715 N DESERT LIGHT DR
BORGATA	1,872	$480,000	$480,000	$480,000	51	21073 N CIRCLE CLIFFS DR
CACTUS FLOWER	1,473	$425,800	$408,800	$393,000	53	16573 W Tranquility LN
CELEBRATION	1,184	$349,000	$329,000	$320,000	15	17717 W PARRA DR
CELEBRATION	1,184	$389,500	$389,500	$385,000	34	21019 N SEQUOIA CREST DR
CORONADO	2,014	$515,000	$515,000	$525,000	30	15248 W PANTANO DR
CYPRESS	1,262	$399,850	$399,850	$399,850	47	21527 N CASA ROYALE DR
HACIENDA	2,334	$679,000	$659,000	$644,000	34	20778 N CANYON WHISPER DR
HACIENDA + POOL	2,334	$690,000	$700,000	$700,000	6	17101 W GABLE END LN
MADERA	1,627	$460,000	$460,000	$460,000	2	15640 W HIDDEN CREEK LN
MADERA	1,627	$479,900	$464,900	$450,000	48	16426 W ROCK SPRINGS LN
MISSION + POOL	2,356	$640,000	$640,000	$642,500	8	19361 N ECHO RIM DR
PALO VERDE	2,181	$620,000	$620,000	$587,500	51	15524 W BRIGHTON WAY
SIERRA	2,019	$499,900	$499,900	$499,900	15	19732 N JOJOBA CT
SILVERSTONE	1,239	$365,000	$365,000	$350,000	23	16160 W STARLIGHT DR
VALENCIA II + POOL	1,932	$629,500	$629,500	$635,000	8	19112 N MOHAVE SAGE WAY
VERBENA	2,035	$515,000	$489,900	$475,000	108	16236 W COPPER POINT LN
VERBENA + POOL	2,035	$569,000	$569,000	$559,000	9	20314 N PALM CANYON DR
WILLOW	1,127	$359,000	$359,000	$359,000	42	20238 N WINDSONG DR
WILLOW	1,183	$369,000	$369,000	$347,500	24	16121 W Copper Crest LN
WILLOW	1,183	$350,000	$350,000	$350,000	28	17937 N SOMERSET DR
WILLOW	1,183	$380,000	$380,000	$374,500	51	15511 W ENCANTADA DR
WILLOW	1,183	$380,000	$380,000	$370,000	6	18233 N VILLA BELLA DR
WINDSOR	3,389	$840,000	$840,000	$840,000	45	16320 W BRIDAL VEIL LN
AVERAGE	1,735	$496,276	$490,772	$485,472	31

La Solana at Sun City Grand

Avistar 854 $245,000 $245,000 $245,000 62 APARTMENT 7210
LIBRA 442 $199,950 $179,900 $170,000 53 APARTMENT 4105

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.

Leolinda has listed a premiere luxury home in Sun City West. Call Leolinda 602-403-6865 or email REALTOR@LEOLINDA.COM for your private showing!

Do you need help deciding whether to sell or not or would you like to know if now is the right time to buy a home in the Arizona West Valley? I would be very happy to assist you with statistical information. Just call Leolinda Bowers at 602-403-6865. Leolinda Bowers is the real estate expert for Sun City Grand homes on the golf course and off the golf course.

Aloha and Mahalo for researching LEOLINDA.com for August 2022 homes sold in Sun City Grand Surprise AZ