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.
| 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
Leolinda Realty Listings of Homes for Sale
14513 N 99TH STREET, Scottsdale AZ
La Solana Condominium Apartment 7212
LEOLINDA REALTY's RECENT HOME SALES
There's only one name for Sun City Grand Real Estate
9623 N 111TH AVE, Sun City, AZ 85351
20039 N HEARTHSTONE DR, Surprise, AZ 85374
14950 W MOUNTAIN VIEW BLVD 3105, Surprise, AZ 85374
16158 W COPPER POINT LN, Surprise, AZ 85374
18603 N TWILIGHT WAY, Surprise, AZ 85374
14300 W BELL RD 441, Surprise, AZ 85374
14950 W MOUNTAIN VIEW BLVD 5311, Surprise, AZ 85374
15532 W PRAIRIE DUNES DR, Surprise, AZ 85374
15346 W VIA MANANA --, Sun City West, AZ 85375
16115 W VISTA NORTH DR, Sun City West, AZ 85375
16419 W Chuparosa LN, Surprise, AZ 85387
16167 W QUAIL CREEK LN, Surprise, AZ 85374
16469 W CENTURY PLANT DR, Surprise, AZ 85387
16265 W MOUNTAIN PASS DR, Surprise, AZ 85374
16857 W VILLAGIO DR, Surprise, AZ 85387
15840 W LA PALOMA DR, Surprise, AZ 85374
14473 W HEARN RD, Surprise, AZ 85379
14426 W MORNING STAR TRL, Surprise, AZ 85374
18137 N PLAZA CT, Surprise, AZ 85374
16030 W WILDFLOWER DR, Surprise, AZ 85374
15864 W CLEARWATER WAY, Surprise, AZ 85374
15506 W SKYVIEW WAY, Surprise, AZ 85374
19779 N DE GRAZIA CT, Surprise, AZ 85374
16260 W BOULDER DR, Surprise, AZ 85374
22033 N ARRELLAGA DR, Sun City West, AZ 85375
15108 W COOPERSTOWN WAY, Surprise, AZ 85374
16220 W BOULDER DR, Surprise, AZ 85374
15543 W CORAL POINTE DR, Surprise, AZ 85374
13226 W HARDWOOD DR, Sun City West, AZ 85375
13705 W COUNTRYSIDE DR, Sun City West, AZ 85375
18431 N SPANISH GARDEN DR, Sun City West, AZ 85375
There's only one name for Sun City Grand
#ArizonaRealEstate #SunCityGrand #RetirementLiving #GolfCommunityHomes #LeolindaBowers #TopSunCityGrandAgent #ArizonaHomes #ActiveAdultLiving #JustSold #AZRealtor #55PlusCommunity