Zip Code 85375: Market Snapshot in Sun City Arizona

By
Real Estate Agent with LRA Real Estate Group

 

Zip Code 85375 Market Snapshot

Zip Code 85375: Market Snapshot in Sun City Arizona
Single Family Homes
June 2010

Wondering about homes in this Zip Code?  We have prepared a snapshot for you.  How is the best way to find your next home? Call an expert to locate just the right one for you and your family.

ZIP code 85375 is approximately equivalent to the 11 square miles area of Sun City West. It mainly lies between Grand Avenue in the southwest and the Loop 303 in the northeast. The eastern boundary runs along El Mirage Road for much of its length.

It includes Desert Trails Golf Course, Deer Valley Golf Curse, Del E. Webb Memorial Hospital, Hillcrest Golf Course, Briarwood Country Club, Echo Mesa Golf Course, Trail Ridge Golf Course, Stardust Golf Course, Pebblebrook Golf Course, Sundome Plaza and Grandview Golf Course.

Active Listings
The month of June reported 399 residential property listings, DOWN 2% compared to 408 in May, and DOWN from 425 just a year ago. The Federal First Time Home Buyer $8,000 tax credit has affected the market in many ways. We are all waiting to see what will happen in the next 3-6 months.

Pending Listings
June ended with 59 pending listings, DOWN 92% from 113 in the month of May, and DOWN from 70 in June a year ago.

Sales Per Month
Sales in June were 98, FLAT from 99 in May. The prior year June sales were 72.

Annual Sales $/SF
June reported Sales/SF at $109, FLAT from $110/SF in May, and DOWN from $116/SF in June the prior year.

Summary
Real estate activity in the Phoenix Metro area market continues to deteriorate, where demand in the market is roughly the same as the supply. Some good news is that the federal tax credit deadline to close escrow on qualified home sales was extended to September 30th. Stay tuned to our blog, where we will keep you updated.

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Bryan Watkins is a savvy Realtor® in the Metro Phoenix area. Want to Search the official MLS for FREE the same as an Agent? Then jump to www.LRARealEstate.com for a fast start. You can also text Bryan at 480-734-7878 or email bryan@LRAphx.com for more information on homes or other fine properties. Some info was courtesy of MLS, Wikipedia and the Cromford Report.

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Posted by

Bryan Watkins
Designated Broker
LRA Real Estate Group
www.LRARealEstate.com
Phoenix-Tempe-Mesa Metro
480.734.7878 text/cell

Find us on www.Facebook.com/LRARealEstate

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