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Sun City Grand Homes Sold in July 2022

Maricopa County Real Estate Market Update

The last week in July saw 4,172 price reductions on Greater Phoenix listings, equating to 26% of active supply for that week. The median price reduction was $15,000 and 78% were over $5,000.

The peak of price for 2022 so far was May, since then the median sales price has declined 6.25% from $480K to $450K. That’s an average of 2% per month* thus far, however the downward trend has not been consistent across all price ranges; a detail not reflected in the median sale price measure.

AND For Buyeres.....

Good news for buyers, the number of closings with seller-paid closing costs rose 27% in July compared to June equating to 7% of all closings for the month. That may not sound like much, but that’s the highest it’s been since March 2021. Prior to 2020, the established baseline for seller-paid closing cost assistance averaged 25-28% of MLS sales and over the past 15 months the average has been just 3-4.5%. The increase is expected to continue as large cash-based investors have pulled back their acquisitions, leaving many sellers to cater to normal buyers once again.

Sun City Grand Homes sold ON the golf course

MARKETING NAME	SIZE sq ft	ORIGINAL LIST PRICE	FINAL LIST PRICE	SOLD PRICE	DAYS ON MARKET	ADDRESS
BRIARWOOD	2,959	$1,050,000	$1,050,000	$1,050,000	3	19829 N HIDDEN RIDGE DR
VERBENA	2,215	$779,000	$779,000	$795,000	0	20030 N SHADOW MOUNTAIN DR
AVERAGE	2,587	$914,500	$914,500	$922,500	2

Sun CIty Grand Homes sold OFF the golf course

MARKETING NAME	SIZE sq ft	ORIGINAL LIST PRICE	FINAL LIST PRICE	SOLD PRICE	DAYS ON MARKET	ADDRESS
BORGATA + POOL + 3CG	2,014	$635,000	$635,000	$625,000	29	20128 N GOLDEN BARREL DR
HERITAGE + POOL	1,411	$474,100	$474,100	$474,100	26	18742 N SUMMERBREEZE WAY
KIVA	1,278	$450,000	$438,500	$420,000	32	20151 N SAGUARO CT
LANTANA	1,530	$429,000	$429,000	$435,000	7	15314 W PANTANO DR
MADERA	1,613	$499,000	$499,000	$499,000	7	16411 W BOULDER VISTA DR
MADERA	1,627	$450,000	$450,000	$437,500	41	16286 W Mountain Pass DR
MADERA	1,627	$453,000	$453,000	$453,000	40	15659 W ARBOR TRL
MADERA	1,627	$509,999	$499,000	$489,000	42	15112 W PINEHURST LN
MADERA	1,627	$559,000	$559,000	$559,000	7	16359 W CRATER LN
MADERA	1,645	$485,000	$469,500	$469,500	46	15456 W CAMINO REAL WAY
MONTERRA	1,096	$355,000	$350,000	$350,000	0	19576 N DESERT GARDEN DR
MONTERRA	1,096	$399,000	$369,000	$350,000	56	20038 N Siesta Rock DR
MONTERRA	1,096	$448,000	$448,000	$448,000	1	15900 W AUTUMN CIR
PALO VERDE	1,870	$539,000	$529,000	$529,000	48	18160 N TIMBER RIDGE DR
PALO VERDE	1,909	$499,000	$499,000	$481,000	20	16208 W ARROYO VISTA LN
PALO VERDE + POOL	1,909	$559,000	$559,000	$575,000	14	14965 W ANGEL BASIN WAY
SAGE	1,337	$425,000	$425,000	$415,000	9	16252 W CACTUS VALLEY LN
SUNDANCE	1,300	$425,000	$425,000	$425,000	25	15955 W AUTUMN CIR
SYCAMORE + POOL	1,706	$549,000	$549,000	$549,000	15	19329 N VISTA MONTANA CT
VERBENA	2,035	$525,000	$535,000	$540,000	1	15940 W WILDFLOWER DR
VERBENA	2,035	$547,000	$547,000	$555,000	70	15565 W CAMINO REAL WAY
VERBENA	2,035	$583,500	$583,500	$585,000	23	19925 N HALF MOON DR
WILLOW	1,143	$369,000	$369,000	$369,000	43	16060 W COPPER CREST LN
WILLOW	1,143	$379,000	$375,000	$365,000	23	16024 W COPPER CREST LN
WINDROSE	2,273	$495,000	$495,000	$460,000	7	16256 W TAMARACK LN
MISSION	2,356	$623,000	$579,000	$584,000	47	19337 N ECHO RIM DR
AVERAGE	1,628	$487,062	$482,408	$478,504	26

La Solana in Sun City Grand Condominium Sales

MARKETING NAME	SIZE sq ft	ORIGINAL LIST PRICE	FINAL LIST PRICE	SOLD PRICE	DAYS ON MARKET	ADDRESS
MIRADA	923	$270,000	$270,000	$265,000	13	APARTMENT 4304
VENTANA	832	$263,000	$263,000	$283,000	43	APARTMENT 3308

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.

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.

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