SCSH Real Estate News
Shadow Hills` Real Estate Market Stable
39273 Camino Las Hoyes
Sun City Shadow Hills
3BD / 2BA | 1758 SF
Looking to size down but not sacrifice high-end upgrades or amenities? THIS IS YOUR PROPERTY! Think SALINE pool with overflow SPA, plus an extra deep 2-car PLUS a CART garage with EPOXIED floor and evaporative COOLER plus overhead storage. Add 2 guest bedrooms with roomy closets. The master suite offers a spacious bath with shower plus soak tub and a very generous walk-in closet. No need to worry much about yard care here as there`s lush green artificial turf and handsome hedges on a drip system = a gorgeous yard. This is a perfect sized property for year-round or seasonal living.Low HOA dues include many, many amenities including two fitness centers. Discounted golf for owners on 2 golf courses.
As we emerges from our usual seasonal slowdown (after a sizzling summer), we can report that sales in our community remain stable.
Sales during the past three months were: June, 15; July, 18 and August, 13.
According to August`s data from the California Desert Association of Realtors, home prices also are holding.
The average sale price year-to-date was $530,141 versus$550,667 year-to-date in 2022, a change of less than 4%.
The median sale price year-to-date was $513,750 while last YTD was $505,000, a gain of almost 2%
Comparative market analyses for 2022-2023 provide further proof.
The average closed price last month were $542,319 and the year before it was $572,319 down 5%.
The median sale price in August was $485,000. In August 2022 the median sale price was $535,750 for a 9% decrease.
In August, the average price per square foot was $303 and last year at this time it averaged $310/SF.
The average home square footage also was similar at 1,806 last month and 1,895 last year.
13 homes closed at SCSH this past August and 16 homes were sold in August of last year.
As of September 1, there were only 19 active listings at Shadow Hills.
How Are Other* 55+ ActiveAdult Communities Doing?
Last month, prices in the top eight area active adult communities remained stable. The Franklin Loan Center Active Adult Price Index, which represents the average price of a 1,900 SF home in those communities, ended August at $575,677.
The August "months of sales" ratio was unchanged from last year`s 1.8 months. The FLC report said that, "The current ratio continues to indicate a balance of supply versus demand. This should help keep active adult home prices stable."
Heritage Palms had the lowest ratio at 0.9 months and Four Seasons at Terra Lago was highest at 6.8 months.
Shadow Hills` "months of sales" ratio was 1.3 months, the third lowest of the active adult communities, the FLC report said.
80517 Avenida Santa Carmen
Sun City Shadow Hills
2BD / 2BA | DEN + BONUS ROOM | 2,134 SF
Bright, open plan resort home in a super location with gorgeous landscaping at an award-winning community. Seller updated the HVAC, water heater, microwave, washer/dryer and landscaping and there’s an epoxy-floored garage with A/C and storage cabinets.
The average number of "Days in the Market" for the active adult communities in August was 65 days compared to 28 days a year ago. Average selling times last month ranged from 49 days for (attached} homes at Villa Port0fino to 89 days at Four Seasons at Terra Lago, said the report.
Shadow Hills average DIM in August was 59 days compared to an average of 39 days at this time a year ago.
*Del Webb Rancho Mirage (resales only), Four Seasons at Terra Lago, Heritage Palms Country Club, Sun City Palm Desert, Sun City Shadow Hills, Trilogy, Trilogy Polo Club, Villa Portofino (attached).
Considering selling? Want to make your home move-in ready? Please see our blog Home Touch-ups That Appeal to Buyers.
We congratulate Ellen Gold and Jhan Schmitz who solved July`s Challenge. A $20 donation to the Galilee Center will be made in their names. Better luck next time Arnold Choy, but thanks for entering.
July Challenge: A bat and a ball cost $1.10. The bat costs $1.00 more than the ball. How much does the ball cost?
Answer: The bat costs $1.05 and the ball costs $0.05.
No Brainteaser this month. The editor has brain freeze. We welcome your own submissions for next month`s newsletter.
For the first five correct entries, we donate $10 in each of the winners` names to the Galilee Center in Mecca to help impoverished families with food baskets, rental and utility assistance and other essential needs.
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