Sun City West Sees Soaring Home Sales In August
Sun City West Real Estate Market Report August 2017
As you can see homes are selling in Sun City West with 97 homes sold in August. Last year in August 81 homes sold. That’s a 19.8% increase in sales over last August. The average list price per sq ft is $131. Average days on the market in August was 64 days and homes were selling for 97% of asking price. Inventory is low at 1.02 months. In August there were 109 homes for sale which is a -14.7% decrease from last year. More sellers are coming into the market with 67 new listings added.
The pending graph below shows that 2/3’s of the homes going under contract in Sun City West are priced $241,000 and under. Buyers are gobbling up the lower priced homes. It is normal for the higher priced homes to stay on the market longer as there are fewer buyer.
Currently there are 129 homes for sale in Sun City West. The median list price, year to date, is $214,700 and the median sale price is $198,500. The average list price per sq ft is $131. To date, 10.4% more homes have sold compared to last year at this time. This year so far 947 homes have sold. The number of homes listed year to date is 1,156 with is 1.5% more than last year at 1,139. Sun City West is a strong seller’s market.