The Cromford Report and Michael Orr
ARIZONA MULTIPLE LISTING MARKET SUMMARY FOR SEPTEMBER 1, 2022
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
Sun City Grand Listings
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LEOLINDA REALTY's RECENT HOME SALES
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There's only one name for Sun City Grand