Sun City Stats

Well, I think we finally hit bottom and are on our way up

The statistics are from Feb. 13 until Mar. 13, 2009

197 active listings, from $199,900 for a Ca. Casual (Pasadena Model) to $1,025,000 for a Marseille on the golf course (2938')

Here is the real exciting part:
There were 16 pending sales this month, from $239,900 for a Lanai model (1213') to $519,000for a Baccarat on the golf course.

There were 9 homes that closed escrow this last month, from $236,400 for an Orrefors to a Marseille on a privacy lot for $655,000.

Very encouraging, even thought prices are down.

MLS Statistics : comparing MLS Continuous Days on Market to the percentaage of List Price Received as compared to the actual Sales Price by Seller. Here is a summary for Sold properties over the past 3 months in Rancho Mirage, Palm Desert, Indian Wells, La Quinta and Sun City. Bottom LIne--If you price competitively , right from the start, the historical data shows the seller will sell the property faster and close escrow at a price point closer to the List Price

Residential Properties Sold for less that $400,000 (286 properties sold)
0-30 days 31-60 days 61-90 days 91-120 days 120+days
No. of
Listings 62 63 36 27 108
Sold

Average
Sales Price 97.45% 94.59% 94.14 % 91.96% 92.2%
as a % of
List price

Residential Properties Sold between $400,000 and $799,999 (123 sold)

No. of 20 22 22 15 44
Listings
Sold

Average
Sales Price
as a % of
List Price 95.79% 94.21% 92.09% 91.87% 91.85%