New Sun City Listings

January through June 2009 Market Report

It has been an interesting year. The first quarter was somewhat disappointing,but the second quarter is showing signs of improvement,at least in the areas of inventory and buyer activity. The following graph shows the Phoenix metro area as a whole.

2009 first half chart

Sun City itself remains stable,with just slightly over 6 months of inventory overall,reflecting a balanced market. When we look at single family detached homes vs condominiums,the picture is quite different.

There are 250 condos for sale in Sun City,the average list price is $101,200. Price per square foot is averaging $89. The average days on the market…200.

There are 302 single family homes for sale in Sun City,The average list price is $177613. Price per square foot is $107. The average days on the market is…134. In other words,houses are selling 1/3 quicker,and for 20% more on a dollars per square foot basis.

Jim Little,your Sun City Neighborhood REALTOR© I try a “Little” harder

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