Sun City West AZ – Real Estate Market Data – November 2011
Click here for full report – Sun City West 2011-11
November Property sales were 70, up 40.0% from 50 in November of 2010 and 2.9% higher than the 68 sales last month. November 2011 sales were at their highest level compared to November of 2010 and 2009. November YTD sales of 941 are running 11.4% ahead of last year’s year-to-date sales of 845.
The Median Sales Price in November was $144,750, down 0.2% from $145,000 in November of 2010 and up 4.1% from $139,000 last month. The Average Sales Price in November was $157,643, down 5.5% from $166,870 in November of 2010 and up 0.7% from $156,549 last month. November 2011 ASP was at the lowest level compared to November of 2010 and 2009.
Inventory & MSI
The Total Inventory of Properties available for sale as of November was 531, up 10.9% from 479 last month and down 14.4% from 620 in November of last year. November 2011 Inventory was at its lowest level compared with November of 2010 and 2009.
A comparatively lower MSI is more beneficial for sellers while a higher MSI is better for buyers. The November 2011 MSI of 7.6 months was at its lowest level compared with November of 2010 and 2009.
The average Days On Market (DOM) shows how many days the average Property is on the market before it sells. An upward trend in DOM tends to indicate a move towards more of a Buyer’s market, a downward trend a move towards more of a Seller’s market. The DOM for November was 71, down 16.5% from 85 days last month and down 27.6% from 98 days in November of last year. The November 2011 DOM was at its lowest level compared with November of 2010 and 2009.
Copyright © Coldwell Banker Residential Brokerage – Data is provided courtesy of Arizona Regional Multiple Listing Service, Inc.; Tucson Association of Realtors and Prescott Area Association of Realtors and may not reflect all relevant real estate activity. Coldwell Banker Residential Brokerage does not guarantee the accuracy of this information. It is the responsibility of any buyer or seller to verify any and all information relevant to such consumer’s real estate transaction.