Data source: pshomes.com – a great collection of homes, for sale and sold, by development in the Coachella Valley

Sun City is one of the largest 55+ communities in the US, located east of Palm Springs with 5,000 condos.

Here’s an update on Sun City sales – with January ’23 sales added

• What did January ’23 sales look like? (chart 1)
  • Average sold price: $613K
    • Steady at last ~14 month average
    • Number sold: 18
    • Average days on market: 53
    • Average sold price: 3% below list price
  • So average price went back to ‘normal’ even with sales slowing down
• Let’s limit (normalize) the sales data to the most numerous home size: 2 bed/2 bath condos
• The data set gives much more stable data over time (
  • Again, with just January ’23 sales
  • Average sold price: $503K
    • Steady at last ~14 month average
    • Number sold: 8
    • Average days on market: 50
• Looking forward: Number of months to sell inventory
  • 2/15/23 : 5.3 months
    • (96 total condos for sale/18 condos sold in Jan ’23)
  • 1/26/22 : 4.5 months
    • (85 total condos for sale/19 condos sold in Dec ’22)