Real Estate Directory

Sun City

New concept in living was the vision of a young man named Del Webb.  Planned communities that not only cater to the retiree, but the neighborhoods would be restricted to that age . Sun City started construction in the 1960s as a community. Little has changed for the community in the last 40 years. However, as more retired to the area, Del Webb began construction on other retirement commuites as the need arrived.

• 1960s-Sun City-The population was 38,309,
• 1970s Sun City West -Before the community was constructed, most of the area was of farmland mainly growing cotton. It was constructed because of the popularity of Sun City, which had  outgrown its boundaries. Sun City West was completely built out in 1998 and a sister city, Sun City Grand, to the west of Grand Avenue was started.
• 1990s Sun City Grand -Tens of thousands of retirees moved to the city in the 1990s and early
• 2000s to live in Sun City Grand. Surprise is about five miles northwest of Del Webb's original Sun City development.
• And in the 2000s Sun City Festival  and Sun City Anthem

Once the success of the success of the Arizona Sun Cities, Del Webb has built retirement
communities across the nation, especially in areas such as Florida, Nevada, and California.

Growing Condo Popularity in Arizona

Many are choosing to give up large properties and surburban living and instead are opting for the less complicated lifestyle that towntown condo living provides. Residents in central and northwest Phoenix, Arizona for instance, are enjoying the amenities resulting from living in a multi-unit facility with it's multiple pools, spas, fitness centers and golf courses and the like. One important factor in these decisions are, of course, the rising cost of commuting which shows that residents in even sprawling places such as Phoenix are ready for a change

Existing Home Sales Are Up?

What happened to the Bubble?

The National Association of Realtors reported Thursday that that sales of existing single-family homes and condominiums rose by 5.2 percent in February to a seasonally adjusted annual rate of 6.91 million units. This despite the predicte 5 % drop compared to last year.

The prices of homes sold in February rose to $209,000 for the nationwide median.That was 10.6 percent above the median price in February 2006.   

Economists believe that both new and existing home sales will dip by around 5 percent this year as rising mortgage rates cuts into demand.

But mortgage rates seem to have perhaps stagnated because of a drop in inflation. But Lereah said all indications so far were pointing to a gradual slowdown in sales to a more sustainable pace.

By region of the country, sales rose by 19.2 percent in the Northeast and were up 11.1 percent in the Midwest and 5.1 percent in the West in February. Only the South showed weakness last month with sales there dropping by 2.5 percent from the January pace.

Lereah said sales activity at present was really a "tale of two cities" with some of the hottest markets showing declines while some medium priced markets still posting strong sales gains.

He said that sales were down by double-digit levels in such hot sales markets as Phoenix, Fort Lauderdale and San Diego. He said, by contrast, sales were up by double-digit amounts in aeas such as Indianapolis, Albuquerque and Houston.

Phoenix real estate

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