SunLakes of AZ Blog

Using Open Source for work and play

August 2017

Sun Lakes Home Appreciation June 1, 2012

by Amy for Real Estate

Are homes appreciating in Sun Lakes, AZ?  That’s a question I get almost daily due to the news of how the Phoenix Metro area has seen 25% appreciation in the last 12 months.

Unfortunately, we are not seeing that appreciation frenzy in Sun Lakes, or any active adult community that I am aware of.

Here’s a chart that shows the last 2 years of home appreciation and it’s easy to see we’ve fallen over the last 2 years.  BUT, the good news is our values as of May 2012 are slightly higher at a median of $184,500 than they were 1 year ago May 2011 at $182,625.  A great sign that our Sun Lakes real estate market is correcting.  The year before in May 2010, Sun Lakes median sales price was at $230,000, quite a fall from 2010 to 2011 but encouraging that this past year we are seeing a little appreciation!

Stay tuned!

Sun_Lakes_Home_Appreciation

Information courtesy of the Cromford Report

 

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