Sun Lakes, AZ – Real Estate Market Data – September 2012
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September Property sales were 38, up 100.0% from 19 in September of 2011 and 8.6% higher than the 35 sales last month. September 2012 sales were at their highest level compared to September of 2011 and 2010. September YTD sales of 427 are running 48.8% ahead of last year’s year-to-date sales of 287.
The Median Sales Price in September was $195,000, up 16.4% from $167,500 in September of 2011 and down 11.0% from $219,000 last month. The Average Sales Price in September was $219,266, up 21.2% from $180,882 in September of 2011 and down 5.3% from $231,656 last month. September 2012 ASP was at the highest level compared to September of 2011 and 2010.
The Total Inventory of Properties available for sale as of September was 129, up 9.3% from 118 last month and down 34.5% from 197 in September of last year. September 2012 Inventory was at its lowest level compared with September of 2011 and 2010. A comparatively lower MSI is more beneficial for sellers while a higher MSI is better for buyers. The September 2012 MSI of 3.4 months was at its lowest level compared with September of 2011 and 2010.
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 September was 93, up 45.3% from 64 days last month and down 17.0% from 112 days in September of last year. The September 2012 DOM was at its lowest level compared with September of 2011 and 2010.
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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.