First Integrity Title Market Report
Sun City West, AZ
Single-Family Homes
www.FirstIntegrityTitle.com | 303.837.9171
Sun City West, AZ
Wed Mar 03 2021
This week the median list price for Sun City West, AZ is $389,900 with the market action index hovering around 78. This is an increase over last month's market action index of 70. Inventory has held steady at or around 41.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Strong Seller's Market
The market has been strong for several consecutive weeks. Reflecting these inventory conditions, with the MAI in the Seller’s zone, it is not surprising that prices have recently resumed their climb.
Real-Time Market Profile
| Median List Price | $389,900 | |
| Per Square Foot | $197 | |
| Days on Market | 14 | |
| Price Decreased | 27% | |
| Price Increased | 2% | |
| Relisted | 2% | |
| Inventory | 41 | |
| Median Rent | $2,450 | |
| Most Expensive | $879,000 | |
| Least Expensive | $269,500 | |
| Market Action | 78 | |
| Strong Seller's Market | ||
Prices have moved upward in the last few weeks and are nearing the market’s all time high. A persistent drop of the Market Action Index into the Buyer’s zone will be a leading indicator of the price strength subsiding.
Market Segments
Each segment below represents approximately 25% of the market ordered by price.
| Median Price | Sq. Ft. | Lot Size | Beds | Bath | Age | New | Absorbed | DOM |
|---|---|---|---|---|---|---|---|---|
| $477,000 | 2,369 | 0.25 - 0.5 acre | 2 | 2 | 27 | 6 | 7 | 0 |
| $410,000 | 1,931 | 8,000 - 10,000 sqft | 2 | 2 | 35 | 3 | 3 | 7 |
| $374,950 | 1,945 | 8,000 - 10,000 sqft | 2 | 2 | 28 | 3 | 3 | 35 |
| $349,900 | 1,928 | 8,000 - 10,000 sqft | 2 | 2 | 32 | 4 | 8 | 21 |