In searching for current Surprise Arizona listings of short sale and lender owned properties, I found that of the 1,329 properties listed, 655 were either short sale or lender owned. That's 49% of all properties listed! Was I surprised, not at all. 643 of those properties were located in communities that are not adult restricted.
There are four adult communities (55+) in the City of Surprise, Happy Trails, Sun Village, Arizona Traditions and Sun City Grand. These four communities contain almost 13,000 properties.
There are no short sales or lender owned properties listed in Happy Trails.
Sun Village, with a total of 46 properties listed, 2 of which are short sale or lender owned (4%).
Arizona Traditions, with a total of 49 properties listed, 3 of which are short sale or lender owned. (4%).
Sun City Grand, with a total of 266 properties listed, 7 of which are short sale or lender owned. (2%).
When looking for property in Surprise Arizona that is minimally impacted by foreclosures or short sales, check out a retirement community.
Sun City Grand .....I live here, I work here, I know this community!
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About The Author Leolinda Bowers is an Associate Broker with Ken Meade Realty. She specializes in Arizona West Valley Retirement (55+) Communities. Leolinda has Bachelor of Science Degrees and a Masters Degree in Business Administration with Project Management concentration. She is a leading sales person who has proven sales experience in the current real estate market. Leolinda can assist you with the purchase and/or sale of real estate in the adult communities of Sun City Grand, Sun City West, Surprise or Sun City Arizona. |
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Please visit LEOLINDA.COM for your relocation needs in the Arizona cities of Surprise, Sun City Grand or Sun City West. Leolinda Bowers, Associate Broker - Ken Meade Realty - 602.403.6865 or 623.937.5701 Email Me |
Great post, and good advice for people 55 and older. Amazing stats.
We have few adult communities. The stats are not surprising. My generation and older have been through the tough times and I think more of us were careful what we bought. If we had mortgages, most of us didn't opt for any CRAZY stuff.
Leolinda - Those stats are not Surprising at all, get it. You raise a good point about the adult communities not falling prey to short sales and foreclosures. I wonder, do you feel those homes are holding their value more than traditional neighborhoods because of this?
Our numbers are not nearly that bad, but the lower/mod prices do have a higher percentage of bank owned or shor sale listings.
In fact, in lower price ranges, they are our market.
Sandra, the stats paint a clear picture of our market. Thanks for stopping by.
Norma, yes, careful and frugality.
Troy, I feel that the stronger HOA requirements in retirement communities result in a pristine area to live and play in.
Lenn, I think I will do a comparative study regarding the list price. Right off hand I would say that the lower prices are commanding the Surprise market. I appreciate a veteran such as yourself for commenting on my post.
Hey there Leolinda! Hope all is well for you:) 49% is a whopper of a number. I think the reason you see few if any foreclosures/short sales in the retirement communities is because I find that most of the older buyers are buying outright - with no financing. No mortgage = no foreclosure :)
Have a great day :)
Kara, you would think that we have more cash buyers however over the past four years I would safely guess that around 80% of the transactions that I was involved in were financed.
Thank you for stopping by. I appreciate your well wishes.