Over 25% Price Drop on Surprise, AZ House!!!

16118 North 168th Lane, Surprise, Arizona

Price Reduced: 06/26/06 -- $269,900 to $199,900
Days on Market: 17

-I guess that the owner must be in a hurry to sell. He will lose some money, having closed on the house for $202K on 11/14/05. Considering the lag time in building in '05, the $202K price probably was the list price from several months earlier when he contracted with Centex Homes. Of course, carrying costs and commissions will be a factor too. What is more interesting is that the same model in the Surprise Farms subdivision sold at a peak price of $272K with a closing date of 04/05/06. Even allowing some reasonable sums for better upgrades, over $72K less is a significant reduction in this price range.


From the MLS listing:

This home in surprise farms at over 1900 square feet has 4 bedrooms and 2 full baths, 9' ceilings, formal living & dining room plus family room. Open eat-in kitchen with breakfast nook and breakfast bar. Out front this home has a ton of curb appeal with stone front and upgraded landscaping. All of this close to schools, shopping, and easy access to loop 303.