Strategy on Selling a Home in Sun City
If you are selling a home in Sun City, you are selling an entire lifestyle. Unlike many other Arizona cities, the home values in Sun City do not vary as much and the community is very united. Due to the similarity of the homes in the area, the CENTURY 21 team insists that strategy is key when selling a home in Sun City. Before you begin your custom selling a home strategy, be aware of your city’s statistics.
- About 1,549 homes were sold in Sun City so far this year (2014).
- The average home value index is $118,000, with the median list price at $125,000 and the median sale price around $107,000, which is over 3% lower than sales last year.
- About 60% of the neighborhoods are filled with single family homes. The other 40% live in condominiums.
- The main kinds of people who live in Sun City are moderate income families 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!
Know Your Market
As you are selling a home in Sun City, be aware that as of June 2014, the housing market in Arizona is leaning towards a Buyer’s Market. What does that mean? There are fewer, lower offers, listing price reductions, and a longer listing time due to a lower demand and higher inventory of homes for sale in Sun City. However, do not be discouraged! The CENTURY 21 team has noticed that many buyers are upgrading from apartments or condos to homes in the Sun City area during this time of growth after the market crash a few years ago.
When you are selling a home in Sun City, your market is much smaller than the surrounding areas (and growing year by year). Therefore, you want to direct your home towards middle to late aged couples and singles. Express the intimacy and exclusivity of belonging to one of the first retirement ‘cities’ in the United States. The value and popularity of Sun City homes has been increasing for many years as the city expands into the ‘place to be’. As with any city, presentation is everything when selling a home in Sun City. A good realtor will market your home as desirable based on three main points: age (or renovation), nearness to schools and shopping centers, and wealth of the neighborhood. Even if you do not have children in school, many families are migrating to Sun City and a great school nearby is always a huge selling point.
We find that one of the reasons buyers look at Sun City 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 Sun City Country Club and Willow Creek Golf Course. Check out this page for more information about current events and trips the city has planned!
Selling a Home in Sun City
Snuggled in the Northwest Valley between El Mirage and Peoria, Sun City is mostly a suburban area. There are over one hundred chartered clubs in the community that organize anything from swimming to road trips. Therefore, your selling points are the security of the neighborhoods and the ideals of the city as a whole. Don’t forget to mention that there are many families with children who live in Sun City as well. The city’s nearness to all the amenities of Phoenix and Peoria, 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 selling your home! 623.299.2148!
To see some of the current listings for selling a home in Sun City, click here.