New Listings Down 28 Percent in Sun City West

sun city west real estate market report

New Listings Down 28 Percent in Sun City West

(Sun City West Real Estate Market Report October 2017)

Current Activity in October

165 Homes for Sale
71 Homes Pending
55 Homes Closed

September Housing Numbers in Sun City West

The big news is September for Sun City West was low everything in terms of housing. Compared to last year, in September, sold listings were down -19 % and active listings were down -21%.  Pending listings were down -19.5% and new listings down -28%. 76 homes sold and there were 96 homes on the market.  In September there was less than 1 month’s inventory. Homes sold for 98.3% of list price compared to 97.8% in August. 

Current Real Estate Trends in Sun City West

The shortage of homes going into season is beginning to effect home sales. Buyers are having a hard time finding homes that fit their criteria. This is reflected in average days on market jumping 71 days on the market compared to last September at 46. We are seeing homes selling quickly and, in some cases, the first day they go on the MLS. Sun City West remains in a very strong seller’s Market.

Sun City West Real Estate Trending over the last 12 months

Sold Listings Up
Pending Listings Up
Active Listings Down
New Listings Down

Over the last year, the number of homes for sale in Sun City West is slightly down -1.6 %.   The number of new listings is also down at -2.9 %. The real news is sold listings are up a big 7. 5%. Last year at this time, there were 952 properties sold compared to 1,023 this year in 2017.   So, nice for homeowners, median home values are up +4.79% over the last 12 months.

 

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