I have transfered my old blog at suncityneighborhood.net and my old website at suncityneighborhood.com to this platform. It now allows you to read my blog, and Search the MLS with NO registration required. Please check back from time to time as I add new information and features to this site.
Please feel free to email or call if I can be of any help to you in buying or selling a home in the Sun City Az Neighborhood.
Thanks from,
Jim Little, your SUN CITY NEIGHBORHOOD REALTOR
Selling a Home, Sun City, Sun City West AZ, Surprise AZ, West Valley, buying a home, homes for sale | admin | May 9, 2009 | 
Comments (4)
adult community, buying a home, homes for sale, retirement community, Selling a Home, Sun City
The real estate market in Sun City is showing mixed signs of recovery. We have 770 active listings and 123 listings were sold in April. This results in 6.26 months of inventory. Thi 6.26 months of inventory (absorption rate) is very significant. An absorption rate of 6 is considered to be a balanced market. More than six is considered a buyer"s market. less than 6 is a seller's market. If this continues for 2 more months we will have a balanced market for the first time since the 2004-2005 market bubble.
Average selling prices were $135,000 for single family homes and $99,000 for condos and duplexes. Interest rates are at a 37 year low now. This, coupled with the first time buyer's refundable tax credit of up to $8,000 makes today the best time to buy a home in the memory of most agents in the business today.
Jim Little, your Sun City REALTOR
