Benefits of Buying a Home In Sun Lakes
If you are buying a home in Sun Lakes, you are buying an entire lifestyle. Unlike many other Arizona cities, the home values in Sun Lakes do not vary as much and the community is very united. Sun Lakes homes are in some of the up and coming neighborhoods in the metropolitan Phoenix area. Between the brand new homes on golf courses to the large lots with renovated backyards, the city of Sun Lakes has it all. Its nearness to the other cities in the Valley, yet seclusion from many neighborhoods provide the residents of Sun Lakes with a ‘small town’ community full of places to eat and shop. Now for some need-to-know facts from our Century 21 Northwest realty team about buying a home in Sun Lakes…
Buying a Home in Sun Lakes & Market Statistics
- About 464 homes were sold in Sun Lakes so far this year (2014).
- The average home value index is $265,000, with the median list price at $270,000 and the median sale price around $242,000, which is about 9% higher than sales last year.
- About 80% of the neighborhoods are filled with single family homes. The rest live in condominiums or other alternative housing.
- The main kinds of people who live in Sun Lakes are moderate income singles, couples without children, and retirees.
- The mortgage rate for the area is about 4% (extremely close to the national average).
- The market value is set to increase by about 3.8% in the next year!
After the late market crash, the Arizona home market has been on the rise. It is a Buyer’s Market in Sun Lakes this year! Buying a home in Sun Lakes has become an extremely lucrative investment, for both retirees and families! At around 4.00% in the summer of 2014, the mortgage rate in Arizona is very close to the national rate of 3.98%, which makes now the right time to consider buying a home.
Buying a Home in Sun Lakes & Excellent Schools
Let’s talk schools. Many families send their students to nearby schools in Chandler as Sun Lakes actually falls under the Chandler Unified School District, which includes Hamilton High School, a football powerhouse, and Arizona College Prep Erie and Oakland Campuses, both top rated academies.
Buying a Home in Sun Lakes & Neighborhood Perks
We find that one of the reasons buyers look at Sun Lakes is the affordability of new homes and close-knit neighborhoods. As an adult community designed for active retirees, there are so many options for things to do! From the recreation centers to the sprawling golf resorts and spas, such as the Cottonwood Country Club and Oakwood Golf Course. Check out this page for more information about current events and trips the city has planned!
Thinking About Buying a Home in Sun Lakes AZ?
Just south of Chandler near the Superstition Mountains and Tonto National Forest, Sun Lakes is mostly a suburban area with many gated communities and golf courses. There are many chartered clubs in the community that organize anything from swimming to road trips. Don’t worry! There are plenty of families and activities for children as well! The city’s nearness to all the amenities of Chandler and Phoenix, yet its privacy and exclusivity make it a smart choice for any buyer. Century 21 Northwest agents are standing by to answer any questions! Give us a call today and let’s get started finding your home! 623.299.2148
To see a list of all the listings for buying a home in Sun Lakes, click here.