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!