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Sun City West 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 West Homes Sold ON the Golf Course

MODEL	SQ FT	ORIGINAL LIST PRICE	FINAL LIST PRICE	SOLD PRICE	DAYS ON MARKET	ADDRESS
Augusta	2,269	$624,999	$577,900	$570,000	116	18602 N CONQUISTADOR DR
Capistrano	1,809	$475,750	$475,750	$471,750	37	14131 W PENNYSTONE DR
Castillo	2,166	$498,000	$459,000	$450,000	64	18827 N 132nd AVE
Castillo	2,150	$559,900	$559,900	$550,000	70	12906 W CASTLEBAR DR
Cromwell	2,038	$529,900	$529,900	$529,900	4	14011 W PAVILLION DR
VA7852	1,086	$250,000	$250,000	$250,000	36	19256 N STAR RIDGE DR
VA7852	1,086	$259,900	$259,900	$259,900	21	19676 N STAR RIDGE DR
Average	1,801	$456,921	$444,621	$440,221	50

Homes Sold OFF the Golf Course

MODEL	SQ FT	ORIGINAL LIST PRICE	FINAL LIST PRICE	SOLD PRICE	DAYS ON MARKET	ADDRESS
Alpine	1,366	$349,000	$349,000	$350,500	28	13671 W ANTELOPE DR
Annapolis	1,610	$399,000	$399,000	$399,000	32	13240 W KEYSTONE DR
Annapolis	1,729	$449,900	$449,900	$449,900	2	12918 W GALAXY DR
Annapolis	1,610	$350,000	$350,000	$325,000	40	13430 W PROSPECT DR
C2561	1,162	$329,900	$329,900	$333,000	3	18618 N 136TH DR
C2562	1,315	$350,000	$350,000	$355,000	3	18641 N 136TH DR
C2663	1,327	$320,000	$320,000	$320,000	0	21763 N VERDE RIDGE DR
C2665	1,238	$359,900	$359,900	$334,900	22	14230 W COLT LN
Cameron	1,355	$368,900	$368,900	$355,000	73	22713 N LAS VEGAS DR
Cameron	1,304	$369,900	$369,900	$367,000	30	13710 W CABALLERO DR
Cameron	1,304	$400,000	$400,000	$415,000	32	22207 N DUSTY TRAIL BLVD
Cameron	1,336	$412,000	$412,000	$412,000	10	13019 W CARAWAY DR NW
Capistrano	1,677	$395,000	$395,000	$380,000	27	13740 W Aleppo DR
Capistrano	1,963	$463,900	$410,000	$396,000	20	20002 N ASCOT DR
Capistrano	1,677	$469,900	$465,000	$465,000	17	13510 W GABLE HILL DR
Carefree	1,824	$495,000	$429,000	$420,000	75	16108 W SENTINEL DR
Cottonwood	2,164	$497,000	$497,000	$500,000	28	16041 W SENTINEL DR
COTTONWOOD	2,422	$600,000	$575,000	$560,000	67	14668 W YOSEMITE DR
Cottownwood	2,182	$450,000	$440,000	$430,000	13	20418 N TANGLEWOOD DR
Cranbrook	1,738	$330,000	$330,000	$312,831	3	18006 N ALYSSUM DR
Cranbrook	1,946	$485,000	$449,900	$440,000	78	20422 N 124TH DR
Cranbrook	1,738	$495,000	$450,000	$435,000	65	13225 W HYACINTH DR
D7623	1,992	$395,000	$395,000	$395,000	26	12930 W Shadow Hills DR
D8323	1,581	$234,900	$334,900	$334,900	2	12707 W SHADOW HILLS DR
D8521	1,411	$335,000	$320,000	$300,000	46	14118 W WHITE ROCK DR
D8521	1,350	$339,000	$339,000	$339,000	14	13026 W PEACH BLOSSOM DR
Del Mar	1,425	$389,900	$389,900	$389,900	51	20007 N ALTA LOMA DR
Fiesta	1,391	$31,000	$310,000	$310,000	41	18607 N 136TH DR
G8233	1,245	$299,900	$282,000	$282,000	56	18414 N MICA DR
G8331	880	$225,000	$225,000	$230,250	43	13626 W BOLERO DR
G8332	1,138	$279,000	$220,000	$204,845	55	18647 N SPANISH GARDEN DR
G8332	1,138	$274,600	$274,600	$274,600	32	13224 W ALEPPO DR
G8532	1,157	$287,000	$287,000	$290,000	6	20458 N BROKEN ARROW DR
G8533	1,377	$289,000	$289,000	$289,000	0	20215 N BROKEN ARROW DR
Hopi	2,035	$435,000	$400,000	$390,000	45	20026 N CROWN RIDGE DR
Kaibab	1,330	$349,000	$315,000	$315,000	81	12643 W PARKWOOD DR W
Kaibab	1,383	$379,000	$379,000	$379,000	3	12614 W BEECHWOOD DR
Paradise	1,254	$350,000	$350,000	$365,000	7	19044 N 138TH AVE
Paradise	1,254	$400,000	$400,000	$405,000	44	14337 W HERITAGE DR
Prescott	1,856	$495,000	$435,000	$425,000	66	14723 W LAS BRIZAS LN
Rio Verde	1,318	$350,000	$350,000	$357,000	4	15601 W SKY HAWK DR
Safford	1,814	$330,000	$330,000	$325,000	1	13713 W WHITE WOOD DR
Safford	1,693	$405,000	$405,000	$405,000	9	22912 N LA PAZ LN
Safford	1,669	$415,000	$415,000	$399,000	47	14921 W Yosemite DR
Safford	1,653	$469,900	$429,900	$425,000	69	15231 W VIA MANANA --
Safford	1,669	$449,000	$439,000	$430,000	36	14122 W PECOS LN
San Carlos	2,103	$485,000	$465,000	$450,000	12	21215 N 123RD DR
San Carlos	2,279	$475,000	$475,000	$457,000	3	13516 W PAVILLION DR
San Franciscan	2,529	$430,000	$430,000	$412,000	8	13420 W GABLE HILL DR
San Mateo	1,391	$415,000	$405,000	$400,000	36	12314 W WILDWOOD DR
San Simeon	2,550	$475,000	$475,000	$455,000	43	20443 N 135th AVE
Sandoval	2,354	$535,000	$535,000	$520,000	25	14419 W WHITE WOOD DR
SEDONA	1,122	$335,000	$335,000	$325,000	38	12832 W MEEKER BLVD
Sedona	2,179	$490,000	$489,000	$489,000	72	15156 W VIA MANANA --
VA7851	994	$255,000	$234,000	$230,000	44	19251 N STAR RIDGE DR
VA7851	994	$235,400	$235,400	$235,400	3	19675 N STAR RIDGE DR
Ventana	1,825	$535,000	$560,000	$550,000	48	22015 N MIRAGE LN
Ventura	1,733	$425,000	$400,000	$400,000	37	14531 W PANTHER DR
YANKEE	918	$249,900	$249,900	$225,000	1	13246 W KEYSTONE DR
Yankee	1,026	$320,000	$302,000	$302,000	25	12911 W LIMEWOOD DR
Average	1,583	$383,430	$380,067	$374,417	31

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.

Call Leolinda Bowers at 602-403-6865 when buying or selling a home in Arizona West Valley retirement and golf course communities!

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