Where are home values a year after the height of the market in PHX’s 55+ communities? Let’s discuss pickleball & grass trends too.
Not so long ago, Phoenix retirement community homes sold quickly for well above the asking price. We are now seeing a shift.
Home values were on the decline in Phoenix retirement communities during the third quarter of 2022. A stark contrast to the first quarter.
Home values inch higher in Phoenix retirement communities. At the six-month mark, home prices didn’t go down, but they didn’t go much either compared to the 1st quarter of 2022..
Home values surge close to 25 percent in Phoenix retirement communities. Over the last 12 months, homeowners have seen their house equity grow substantially weather a current home owner or new build.
Sparse inventory was the name of the real estate game in May all over the country and in PebbleCreek, Arizona. Sellers seemed to be testing the highs of the market.
In May low inventory, continued in Sun City Grand. Almost half of the homes on the market in the community were under contract. Wow, that a lot.