Price Cuts Low Point in Sun City Real Estate Market

A three-week positive trend in the number of homes sold was extended this week after the Sun City market added another 57 transactions over the last 30 days. With 35 price reductions, the lowest amount since July, the market may be looking for a price bottom. In comparison, Moreno Valley had 162 price reductions in the same time frame, the most of all nearby cities. While the number of sellers reducing prices were soft, months of inventory were further reduced to two, extending a downward trend to four weeks. With inventory at such low levels and a decrease in price reductions numbers, Sun City is a strong seller's market.

Looking for adequate space in your home? Check out these listings in Sun City that provide large living areas:

$269K   $265K   $174K  

Get started right now by checking out Sun City homes for sale or reviewing Sun City real estate trends.


Data reported through 10/12/2016

Comments:


©2016 Homesnap 1-800-431-5509 Housing market data, school data and demographic information is provided by SmartZip Analytics, Inc. ©2016 SmartZip Analytics, Inc. and ©2016 Fast Forward, Inc. Information is deemed reliable but not guaranteed. Sitemap Terms of Use Privacy Policy SmartZip Terms of Service
Sign-in with Facebook Sign-in with Twitter
or
I'm a real estate agent
Already a User? Sign In Below:

Sign In

Forgot Password? Click Here...

Sign-in with Facebook Sign-in with Twitter
or

Sign In

Forgot Password? Click Here...

Please enter the email address you used to register with Homesnap and an email will be sent with instructions for resetting your password.