{"id":843,"date":"2012-05-10T18:23:48","date_gmt":"2012-05-11T00:23:48","guid":{"rendered":"http:\/\/www.sunlakesofarizona.com\/blog\/?p=843"},"modified":"2012-05-22T09:52:34","modified_gmt":"2012-05-22T15:52:34","slug":"sun-lakes-home-prices-where-are-the-now","status":"publish","type":"post","link":"https:\/\/dev.sunlakesofarizona.com\/blog\/2012\/05\/sun-lakes-home-prices-where-are-the-now\/","title":{"rendered":"Sun Lakes AZ Home Prices&#8230;where are the now?"},"content":{"rendered":"<p>The Sun Lakes real estate market typically trails the real estate market of the surrounding non-active adult communities by about a year.<\/p>\n<p>Why does this matter?\u00a0 Because the Phoenix Metro real estate market is exploding.\u00a0 Low inventory is creating a supply and demand issue.\u00a0 Multiple offers are received on properties listed for just a few hours with bidding wars driving prices up!<\/p>\n<p>Here&#8217;s a chart that illustrates the average sales price per square foot in the Phoenix Metro area over the past couple years where it&#8217;s easy to see how quickly values are rising.<\/p>\n<p style=\"text-align: center;\"><a href=\"http:\/\/www.sunlakesofarizona.com\/blog\/2012\/05\/sun-lakes-home-prices-where-are-the-now\/phoenix-monthly-average_sales_price_per_square_foot\/\" rel=\"attachment wp-att-845\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-845\" title=\"Phoenix-Monthly-Average_Sales_Price_per_Square_Foot\" src=\"http:\/\/www.sunlakesofarizona.com\/blog\/wp-content\/uploads\/Phoenix-Monthly-Average_Sales_Price_per_Square_Foot.png\" alt=\"Phoenix-Monthly-Average_Sales_Price_per_Square_Foot\" width=\"550\" height=\"336\" srcset=\"https:\/\/dev.sunlakesofarizona.com\/blog\/wp-content\/uploads\/Phoenix-Monthly-Average_Sales_Price_per_Square_Foot.png 550w, https:\/\/dev.sunlakesofarizona.com\/blog\/wp-content\/uploads\/Phoenix-Monthly-Average_Sales_Price_per_Square_Foot-300x183.png 300w\" sizes=\"auto, (max-width: 550px) 100vw, 550px\" \/><\/a><\/p>\n<p style=\"text-align: left;\">Prices started going up when inventory started going down.\u00a0 Here&#8217;s a snapshot of the inventory of homes for sale in the area over the last year.\u00a0 We are down to below half of the number of homes for sale this year as compared to last year at this time.<\/p>\n<p style=\"text-align: left;\"><a href=\"http:\/\/www.sunlakesofarizona.com\/blog\/2012\/05\/sun-lakes-home-prices-where-are-the-now\/phoenix-metro-home-inventory\/\" rel=\"attachment wp-att-846\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-846\" title=\"phoenix-metro-home-inventory\" src=\"http:\/\/www.sunlakesofarizona.com\/blog\/wp-content\/uploads\/phoenix-metro-home-inventory.png\" alt=\"phoenix-metro-home-inventory\" width=\"550\" height=\"386\" srcset=\"https:\/\/dev.sunlakesofarizona.com\/blog\/wp-content\/uploads\/phoenix-metro-home-inventory.png 550w, https:\/\/dev.sunlakesofarizona.com\/blog\/wp-content\/uploads\/phoenix-metro-home-inventory-300x210.png 300w\" sizes=\"auto, (max-width: 550px) 100vw, 550px\" \/><\/a><\/p>\n<p style=\"text-align: left;\">This is great news for Sun Lakes homeowners because we are starting to see the fall of the home inventory in Sun Lakes as well.\u00a0 Will it create a supply\/demand issue in Sun Lakes?\u00a0 If history is any indicator, the answer to that question would be &#8220;most likely&#8221;.<\/p>\n<p style=\"text-align: left;\"><a href=\"http:\/\/www.sunlakesofarizona.com\/blog\/2012\/05\/sun-lakes-home-prices-where-are-the-now\/sun-lakes-az-home-for-sale-inventory\/\" rel=\"attachment wp-att-847\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-847\" title=\"sun-lakes-az-home-for-sale-inventory\" src=\"http:\/\/www.sunlakesofarizona.com\/blog\/wp-content\/uploads\/sun-lakes-az-home-for-sale-inventory.png\" alt=\"sun-lakes-az-home-for-sale-inventory\" width=\"550\" height=\"386\" srcset=\"https:\/\/dev.sunlakesofarizona.com\/blog\/wp-content\/uploads\/sun-lakes-az-home-for-sale-inventory.png 550w, https:\/\/dev.sunlakesofarizona.com\/blog\/wp-content\/uploads\/sun-lakes-az-home-for-sale-inventory-300x210.png 300w\" sizes=\"auto, (max-width: 550px) 100vw, 550px\" \/><\/a><\/p>\n<p style=\"text-align: left;\">The great news for buyers is that Sun Lakes is not seeing bidding wars at this time.\u00a0 So, if you&#8217;re in the market for a home, it&#8217;s a great time to be a buyer here.\u00a0 Prices are lower than they have been for years and if we&#8217;re really as close to the &#8220;bottom&#8221; of the real estate market, we&#8217;ve got nowhere to go but up.\u00a0 So, don&#8217;t wait to long or you&#8217;ll be just like buyers in the rest of the Valley saying&#8230;&#8221;we wish we would have bought sooner.&#8221;<\/p>\n<p style=\"text-align: left;\"><strong>Amy Jones Group &#8211; RE\/Max Infinity<\/strong><br \/>\n<strong>2450 S. Arizona Ave\u00a0\u00a0 Chandler, AZ <\/strong><br \/>\n<strong>Phone: 480-250-3857\u00a0<\/strong><br \/>\n<strong>Email:\u00a0 <a href=\"mailto:Amy@AmySellsAZ.com?subject=Found%20you%20on%20www.SunLakesofArizona.com\">Amy@AmySellsAZ.com<\/a> <\/strong><br \/>\n<strong>Blog:\u00a0<a href=\"http:\/\/www.sunlakesblog.com\/\" target=\"_blank\">http:\/\/www.sunlakesblog.com\/<\/a><\/strong><\/p>\n<p><strong><em>\u00a0Top Producing Sun Lakes REALTORS Sun Lakes Residents<\/em><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Sun Lakes real estate market typically trails the real estate market of the surrounding non-active adult communities by about a year. Why does this matter?\u00a0 Because the Phoenix Metro real estate market is exploding.\u00a0 Low inventory is creating a supply and demand issue.\u00a0 Multiple offers are received on properties listed for just a few<a class=\"more-link\" href=\"https:\/\/dev.sunlakesofarizona.com\/blog\/2012\/05\/sun-lakes-home-prices-where-are-the-now\/\">Read more<\/a><\/p>\n","protected":false},"author":6,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["post-843","post","type-post","status-publish","format-standard","hentry","category-real-estate"],"_links":{"self":[{"href":"https:\/\/dev.sunlakesofarizona.com\/blog\/wp-json\/wp\/v2\/posts\/843","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dev.sunlakesofarizona.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dev.sunlakesofarizona.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dev.sunlakesofarizona.com\/blog\/wp-json\/wp\/v2\/users\/6"}],"replies":[{"embeddable":true,"href":"https:\/\/dev.sunlakesofarizona.com\/blog\/wp-json\/wp\/v2\/comments?post=843"}],"version-history":[{"count":2,"href":"https:\/\/dev.sunlakesofarizona.com\/blog\/wp-json\/wp\/v2\/posts\/843\/revisions"}],"predecessor-version":[{"id":857,"href":"https:\/\/dev.sunlakesofarizona.com\/blog\/wp-json\/wp\/v2\/posts\/843\/revisions\/857"}],"wp:attachment":[{"href":"https:\/\/dev.sunlakesofarizona.com\/blog\/wp-json\/wp\/v2\/media?parent=843"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dev.sunlakesofarizona.com\/blog\/wp-json\/wp\/v2\/categories?post=843"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dev.sunlakesofarizona.com\/blog\/wp-json\/wp\/v2\/tags?post=843"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}