SCSH Real Estate News
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IN ESCROW
80231 Avenida Linda Vista
Sun City Shadow Hills Perfect home for year-round living or snowbirds. This San Vincente model offers sun-filled living, relaxing and dining spaces, and a fully equipped kitchen with double ovens, microwave, gas cooktop, refrigerator and slab granite counters. New carpet throughout and Italian porcelain tile in kitchen, baths, laundry room and hallway. There`s a gas log fireplace in the living room for cool nights and sliders to the covered, expanded patio and charming garden area to enjoy year-round. 2BD/2BA | DEN | 1571 SF $440,000 Virtually Stagedto Provide Sense of Space |
Patience Pays Off
Sold prices of homes at Sun City Shadow Hills continued their rise last month.
Granted, the "average days in market" jumped from 33 days at this time last year to an average of 119 days in February.
But, if you thought you`d missed your moment, now is still a good time to sell your property.
Year-over-year, the median sale price at Shadow Hills increased nearly 4% from $529,000 to $549,000.
Also, the median sold price rose almost 11% year-to-date from $475,000 in 2022 to $525,000 in 2023.
In addition, median listing prices rose from $489,900 a year ago to $529,000 last month, or nearly 8%.
Sales Stabilize
Since October, 51 homes sold in our community, for an average of 10 sales per month.
During January and February, 9 homes sold in each month.
As of March 1, there were 41 active listings at Shadow Hills.
During February, 13 homes came on the market, half of the 26 homes listed in February last year.
Interestingly, year-to-date 49 homes have been listed compared to 48 homes year-to-date in 2022.
The average price per square foot of a sold home was $291 in February versus an average $/SF of $275 the previous month.
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NEW LISTING
80517 Avenida Santa Carmen
Sun City Shadow Hills 2BD / 2BA | DEN + BONUS ROOM | 2,134 SF $585,000 Bright, open and mid-century modern. Move right into this spectacular resort home with upscale, modern furnishings (available outside of escrow), super location and gorgeous landscaping at the award-winning community of Sun City Shadow Hills. The seller has updated the HVAC, water heater, microwave, washer/dryer and landscaping and offers a garage with A/C with epoxy floor and locked storage cabinets. There is also a generator with portable solar panel! The window treatments are all custom and perfect to frame the inviting views from every window. Outside the expanded patio and handsome landscape offers privacy, room to relax and entertain and one-of-a-kind metal sculpture with elegant lighting to brighten those beautiful desert evenings. Italian blown glass pendant lights hang in the kitchen dining area. Custom made furniture and paintings are available outside escrow. Seller may be willing to assist buyer with non-recurring closing costs. |
The average size of the homes sold was 2,000 SF.
Last month, the "Sold to Original List Price Ratio" was 91%.
A year ago, homes sold at 103% of the list price.
Overall, there`s about a 4-month supply of homes on the market to meet demand, up from less than a month at this time last year.
A balanced market is considered at around 6 months of inventory, which the market is inching toward due to the slowdown in activity.
Brainteaser will return next month
Yes, we`ll go ahead and say it. "Patience is a virtue." Buyers have options to consider, and sellers can still realize a strong amount of equity in their homes, especially for homeowners who have been in place for a few years. Those who have been considering purchasing or selling have a prime opportunity to make their move.
Bonnie
Bonnie and Hank Steele began work as Realtors in 1983, They have successfully listed, staged and sold homes in suburban New York City, St. Simon`s and Sea Island, Georgia, and the Palm Springs area. To sell your home safely in the shortest possible time at the highest possible price, call 760-219-1450