Property Values in Sun City Core

Ted Wegener, a real estate appraiser specializing in Sun City, has published some new information on his website showing the average value of a home in Sun City Core is about $145.00 per square foot as of May 2007.

This figure is down about $20.00 per square foot from a year ago...

HERE IS A TREND ANALYSIS OF PRICE PER SQFT IN THE SUN CITY CORE. PRICE PER SQFT ANALYSIS IS OFTEN USED BY REALTORS IN PRICING PROPERTY. IF THERE WAS ANY DOUBT ABOUT DECLINING VALUES IN SUN CITY THIS SHOULD RESOLVE IT. THE ANALYSIS IS FOR THE PERIOD 5/01/2006 THRU 5/31/2007. AS YOU CAN SEE PRICES ARE DOWN APPROX. $20 PSF IN THE LAST YEAR. THATS $20,000 ON A 1000 SQFT HOUSE. IN THE CORE THERE ARE CURRENTLY (6/14/2007) 123 HOMES FOR SALE. IN MAY THERE WAS 22 SALES WHICH IS .70 SALES PER DAY. IT WOULD TAKE 6 MONTHS TO DISPOSE OF THE STANDING INVENTORY.
You can see a graph of his findings on his website...
http://www.suncityappraiser.com/suncitypricepersqft.htm




1 Comments:

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