Posts filed under ‘Active Adult Living’
Solera by Del Webb, Gated Active Adult Retirement Community
This is high season for buyers to be in town shopping for their current or future retirement homes so why not cash in on the great deals available in active adult golf communities? Solera by Del Webb, formerly Springfield Lakes is a beautiful gated community with 1,150 homes, built 2001-2004 and located in Chandler on Riggs between Gilbert and Lindsay Roads. With spectacular views of the San Tan Mountains, this community has a very tranquil feeling and is gorgeous!!! Prior to entering the gate on South Mountain Drive, Lone Tree Golf Resort is on the right. Lone Tree Golf Resort is a privately owned traditional course and runs through the Solera community and is open to the public, however the property owners in Solera by Del Webb receive approximately 20% in discounts. The homeowners association dues run on average about $100-$110 per month. Properties are currently closing at an average of $120 per square foot which is a 34% drop from the 2005 averages of $183 PSF. There are currently 41 properties available in Solera by Del Webb ranging from 1,150 to 2,425 square feet and $150,000 to $380,000. 12 properties are pending and 23 have closed in the past 3 months. This is a great time to buy whether you’re ready to retire or planning it for the future and interest rates are still historically low. If you’d like a more in-depth analysis or are thinking of buying or selling a retirement home, please give me a call. Stephanie Weiss 480.273.7472 http://StephanieWeissMoves.com
Sunland Village East, Mesa, AZ
Active Adult Golf Course Community
Sunland Village East is a great Age-Restricted Golf Course community located in Mesa on Baseline Road between Sossaman and the 202. This is a terrific community with many amenities including billiards, bowling, cards & games, dancing, golf, exercise & health, arts & crafts, sports & outdoor activities, tennis, bingo and many others. There are approximately 2,435 1 story single family, garden and golf condos in this community which were built from 1984 to 2001. The average size home in Sunland Village East is approximately 1,564 square feet. Sunland Village East is located close to the 60 and 202 freeways which provide excellent access as well as being located close to major shopping areas and restaurants. Currently there are 45 active listings, 8 pending listings, 1 pending short sale and 20 that have closed in the past 3 months. The active, pending and closed listings are on the following link: Sunland Village East Jan 2011 market analysis. Previous years closings show that pricing is down 25% from 2006 so now is a great time to buy! Here’s a preview to some active listings: Sunland Village East Active Listings. If you’re thinking of making a move to Mesa, give me a call. Stephanie Weiss 480.273.7472 http://StephanieWeissMoves.com
Trilogy at Power Ranch
If you’re looking for an active adult 55+ community for a seasonal or retirement home, TRILOGY AT POWER RANCH is a gated golf community you must stop by and see! The residents of Trilogy at Power Ranch enjoy many amenities including an 18-hole championship golf course which is open to the public, the Slate Bistro and Bar, a huge recreation room, the big dance hall, swimming pool and a community center just to name a few! You should see their calendar of events! This master planned community called Trilogy at Power Ranch was built by Shea Homes from 2000 to 2007 and is a single-family active adult community in which the homes on average are 2 bedroom 2 baths, about 1,800 square feet with a quarterly association fee of $327 and property taxes of $1,830.
There are currently 59 active listings in Trilogy at Power Ranch with prices ranging from $209-$659K, sizes from 1,308-3,077 and list prices averaging $175 per square foot. 17 listings are currently pending and within the past 3 months, there have been 30 closings! That’s about 10 closings per month! The closings are averaging 104 days on the market ranging from as low as $172,000 (1100sf) to $450,000 (2405sf) for a high with an average of $273,000 (1744sf).
Out of the 30 closings:
19-Cash Transactions
9-Conventional loan for purchase
2-FHA or VA financing
2-Short Sale
1-Lender Owned
1-Pre-foreclosure
Trilogy at Power Ranch Closing Figures Jan 2010-April 2010
Trilogy at Power Ranch Video
With the baby boom generation on the verge of mass retirement, Trilogy at Power Ranch would be a great place to call home and there’s no better time to buy than now. If you’re thinking of making a move to Trilogy at Power Ranch or another east valley community, please give me a call. (480) 273.7472
StephanieWeissMoves@gmail.com
http://stephanieweissmoves.com/
Sun Lakes, AZ
The active adult communities that make up Sun Lakes, AZ are within approximately six square miles known as Oakwood, Ironwood, Cottonwood, Palo Verde and Sun Lakes, built by Robson Communities. Sun Lakes has gorgeous, well-manicured active adult communities and offers many amenities including golf, swimming and tennis. Oakwood and Ironwood have golf courses available to the general public and Cottonwood, Palo Verde & Sun Lakes are all private equity golf courses. Oakwood, Ironwood, Cottonwood, Palo Verde and Sun Lakes and are also close to the Chandler Fashion Mall, Wild Horse Pass Casino, Lone Butte Casino and Firebird International Raceway just to name a few. They have good proximity to the I-10 freeway, 202, 101 state route 87, Chandler Regional Medical Center and are about 24 miles from Phoenix Sky Harbor International Airport. Here’s some information pertaining to each community:
Sun Lakes-Oakwood
Sun Lakes-Ironwood
Sun Lakes-Palo Verde/Cottonwood
Sun Lakes data as of 3.8.10
If you’re thinking of making a move and would like a more in-depth analysis, please give me a call.
Chandler AZ Real Estate
If you’re looking to buy or sell property in Chandler and would like more information on your neighborhood, please give me a call for an in depth analysis!
StephanieWeissMoves@gmail.com
480.273.7472
www.StephanieWeissMoves.com
Chandler Market Update
My analysis of the Chandler market shows as of today, we have approximately 1,758 active listings with 846 of those under contract for a total inventory of 2,604 properties.
The majority of buyers in Chandler are buying in the $100-200K market because approximately 48% of the properties in that price range are currently pending. The $200-300K market follows with 25% and the data shows that from Jan 2009 thru Feb 2010, the average sale price in Chandler was $219K.
I also pulled the TOTAL MONTHLY CLOSINGS, AVERAGE SOLD PRICE, AVERAGE PRICE PER SQUARE FOOT and AVERAGE % OF LIST PRICE (meaning the % of price closed of the list price) over the past 14 months. The graph shows June 2009 has had the most closings of 473, with a monthly average of 362 and the 14 month total for Chandler was 5,071. If no new listings were added, we would have approximately 4.85 months of inventory left but I’m relatively certain new listings will continue to be added to the market. The price PSF averaging $105 was at it’s lowest in Aug and Dec of 2009 when it was at $101. The % of list price has risen since Jan 2009 which I believe may be due to agents properly pricing the listing to get it sold therefore the actual closed price is closer to the list price.
Please note this is data pulled from the Arizona Regional Multiple Listing Service.
If you’d like a market analysis of a particular area or if you’re thinking of making a move, please give me a call.
Chandler Inventory Statistics
Chandler Facts Jan 2009 thru Feb 2010
Phoenix Home Sales
Phoenix area (Metropolitan Phoenix) home sales through the end of November totalled 85,651 and I’m projecting that by year-end, we’ll have a total for the year of approximately 93,000. The highest homes sales in recent years were 2004 at 98,922 and then 2005 at 104,725 so we’re close to those levels in sales. Obviously, what’s driving sales is the rock bottom prices but my feeling is this has allowed more people the opportunity at home ownership than when prices had peaked in 2005/2006. Yes, credit is harder to come by and lenders have swung the pendulum 180 degrees from the peak years, but my feeling is this is a good and necessary correction and needed if we’re ever to recover from the current situation we’re in. Things do slow down towards the end of the year and peak buying time is during spring, but all in all, buyers are buying and sellers are trying to hold out unless they absolutely need to move due to life changing events. New Listings for 2009 will no doubt be less than last year’s total of 162,181 total new listings. To date we are currently at 136,786 so we’ll see where that number ends up after the month of December. If you’re thinking of making a move, please give me a call!
Metropolitan Phoenix Market Activity
While sales are holding steady, they have thus far peaked in June at 9,327 and declined slightly July, August and September. Overall however, we still have 3 more months to add to the 70,038 year-to-date figure, already surpassing the 2008 total of 60,108. New listings for the year, through September 2009 total 112,798, a 10% reduction for the same time period from last year which was 123,283.
After several months of much of the same, approximately 76% of buyers are purchasing properties under $200,000 with the majority purchasing in the $100-$200K range. Properties under $100K have an absorption rate of 52% while properties from $100-$200K have a 45% absorption rate. The luxury home market has only 3% of the buyers and low absorption rates. While homes under $200K are fetching multiple offers, the luxury home market is still declining as those homes sit on the market and it may be awhile before it bottoms out.
If you’re thinking of making a move, please give me a call.
StephanieWeissMoves@gmail.com
(480) 273.7472
The Foothills of Ahwatukee, Phoenix, Arizona
If you’ve ever driven through The Foothills of Ahwatukee, with the gorgeous homes, golf courses and mountain views, you know what I’m talking about! The other day I was out driving my topless jeep and enjoying the perfect Arizona weather while touring homes and the area in general and then made a stop at a local hangout called Loco Patron. This area has such a relaxing feel and is one of the more popular places to look for a home. As of today, there are 171 active listings, 45 pending transactions and a whopping 88 transactions have closed in the last 3 months. You can find just about anything in this area from a 700 sq. ft. condo at San Riva for $60K to a 10,454 sq. ft. palace, fit for a King and Queen at the Sanctuary for $3.495M! Here are the “average” price per square foot in tiered square foot ranges:
Sq. Ft /“Average” Price Per SF Less than 1,000/$95
1000-1200/$116
1201-1400/$95
1401-1600/$129
1601-1800/$127
1801-2000/$131
2001-2250/$137
2251-2500/$145
2501-2750/$144
2751-3000/$168
3001-3500/$136
3501-4000/$170
4001-4500/$193
4501-5000/$162
5001+ /$177
If you’re thinking of making a move, please don’t hesitate to contact me. StephanieWeissMoves@gmail.com (480) 273.7472
