| Reasons to Consider Buying in Sun Lakes...Now! | ||||||||||||
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Intro: Media reports about the housing market have raised concerns for some potential buyers of homes in Sun Lakes. Those hesitant buyers should consider the following: Media Bias & Generalization. Is it possible that "negative housing market stories” are out of context and focused on areas much different from Sun Lakes, where most newcomers are “55 or better” and transitioning to a resort lifestyle? Sun Lakes Market Facts. - Of nearly 3,300 homes in Sun Lakes' Oakwood Country Club, 111 homes were listed for sale in MLS on 3.1.2011, a rate of 3.42%. These homes range in price from $178,000 to $565,000 and were built from 1994 to 2006. - Of nearly 10,000 home in Sun Lakes' 5 Country Clubs, 295 homes were listed for sale in MLS on 3.1.2011, a rate less than 2.95%. These homes were priced from $68,000 to $649,900 and were built from the 1970s to 2006. “Downward Spiraling Prices”. Some “market segments” are much worse than others. Prices in Sun Lakes have declined over the last 3 years, most listing prices are “at market”, and offers are fully considered. The Sun Lakes market could soften slightly in the next 12 months, but how important is that if you are “transitioning” and want to change lifestyle now?
Baby Boomers. The huge Baby Boomer retirement wave is just beginning. Do you think the “Boomers” seek a socially active, well-located, gated community like Sun Lakes? “Boomers”, once they’ve made the decision to transition, usually want to “do it now”!
Value for Dollar. Sun Lakes’ homes are great values, even compared to those just outside of Sun Lakes. Compare us to the Ocotillo and Chandler markets; you’ll be surprised and pleased. MOST IMPORTANTLY, you are buying into EXTENSIVE COMMUNITY-OWNED AMENITIES...not just a house.
Selection of Homes For Sale. It’s a great time to find that “just right” combination of floor plan, location and price of home in Sun Lakes.
Location Location Location. Arizona continues to be a “destination” state for many reasons. Located in SE Metro Phoenix, Sun Lakes is close to services and attractions that contribute significantly to the great lifestyle we enjoy. Sun Lakes is: 1) 22 miles from Phoenix Intn'l Airport and the attractions of downtown Phoenix, and 2) 6 miles from a major regional shopping center and upmarket restaurants. Easily accessible freeways ease travel to local destinations, the mountains of AZ, and the beaches in CA or Mexico.
Competing Adult Communities. Can you identify any adult community with better amenities, more desirable location, or size/stability than Sun Lakes? There are nearly 10,000 homes in Sun Lakes; 3,300 of which are in Oakwood, which was just "built-out" in 2006.
Mortgages. Rates are still GREAT!. The “crisis”, for the most part, involves ARMs and/or non-owner occupied investor owned homes. Ask a mortgage broker and tax professional if any of this adversely affects you. More importantly, look at the “upside” opportunities of financing. MORE SUN LAKES COMMUNITY INFO Sun Lakes is an active adult community where 80% of the owners must be "55 and better"; the other 20% can be as young as 40. That makes for a diverse, active population. While most residents transitioned from a "working" to a "resort" lifestyle when they moved here, a surprising number of younger working professionals have joined us in the last 5-7 years. Sun Lakes has over 10,000 homes in 5 distinct component "subdivisions". Sun Lakes Country Club is the original subdivision and it has 2139 properties. Cottonwood Country Club is the next oldest subdivision and it has 2736 properties. Palo Verde Country Club, a gated community, has 1073 properties. Ironwood Country Club, also a gated subdivision, has 735 properties. Finally, Oakwood Country Club, the newest gated area that was "built-out" with nearly 3300 total homes in 2006. Each Country Club has a main clubhouse and at least one pool and golf course. In sum, Sun Lakes is an integrated resort-style community with amenities to match.
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