Sun City Tidbits
Retirees might not be lining up to purchase homes in Sun City, Arizona, as they once did at the opening in 1960, the bowling alleys aren't as they uses to be, as well as golfers having to endure long waiting period prior to two teeing off on one of its eight golf courses. However, the current Sun City isn't any different in the retirement of yesterday. Rather, it is being driven by younger renovation minded buyers and this first retirement community in Arizona is doing just fine.
Between the 1960's and the 1970's, there were upgraded gyms in addition to golf carts, cement block homes and updated stucco exteriors. Sun City will certainly attract some of the first wave of retirees from the Baby Boomer generation. Many of nearly all of the 27,000 homes in Sun City that were constructed by Del Webb are occupied.
Newer and flashier, these developments may attract extra attention. However, residents, market watchers, and real estate, believe that as old retirement community of an easier generation can still provide adequate housing. This retirement community would remind one of the 1960's, when they were sometimes covered with gravel and painted green. Some of these tan cement block homes have still kept their original look. However, an average of seven new buyers each day for the past two years, are purchasing relatively inexpensive homes, and renovating them, and the community.
From the beginning, Sun City was a development experiment that offered the opportunity for the first time buyer that was a middle income Americans who had retired and had the financial stability of Social Security to relocate from their hometown. This concept was extremely successful, with over 100,000 people visiting Sun City in its first few months.
Currently, the community is undergoing another experiment to determine if age restricted communities will flourish or fall into decay during the Baby Boomer period. It is a fact that not all retirees can afford a posh new home.
A couple named Gary and his wife Deanna Junso bought a $200,000 house in Sun City in 2011. The couple, who were in their middle 1960's, begins their yearly three day trip by car to their winter home on the day after Thanksgiving from their summer home in South Dakota. Mr. Junso retired from his job as a vice president of a national food firm, some four years ago. The couple searched for newer retirement communities that included Sun City that would remind one of the 1960's that are sometimes painted green and covered with gravel, which is about ten miles northwest of the original Sun City and Sun City West.
In Sun City, the Junso family had spent several years visiting the parents of Mr. Junso, and determined that they wanted to reside in the original community, would remind one of the 1960's, that are sometimes painted green and covered with gravel. The Junso family spent nearly $200,000 renovating their 2,650-square-foot house, in 1978. They gutted the master bathroom and kitchen, and in order to open up the home, they tore down several walls. In addition of the purchase price, the Junso family spent almost 200,000 renovating their 1978 2,650-square-foot home. The Junso family has encouraged their friends to follow them to Sun City. Potential buyers can select homes very roomy ranch style homes that have almost 3,000 square feet, apartments, or two bedroom homes uses that have fewer than 1,000 square feet. The steady demand and improvements to the property are resulting in an increase the cost of homes in Sun City.
Some two years ago, the median price for a home in Sun City was approximately $100,000 two years ago. Currently, the cost for a typical house in Sun City is about $128,750.
Approximately 26% of the residents of Sun City are under the age of 65. However, they must be at least 55 years or older. During the late 1970's, the establishment of Sun City West, had approximately 30% of the community's residents were younger than 65. However, the median resident age of 76 populate Sun City West. Sun City West and Sun City Grand and Sun City West
The residents of Sun City West and Sun City Grand are more affluent than the residents Sun City. The median household in Sun City is approximately $38,903. That is approximately $13,000, which is more inexpensive than the median household income of $46,260 in Sun City West, in Arizona.
Usually, baby boomers want to do some part time during their retirement, and Sun City offers to place these part time residents closer major employment centers. Approximately, 6,000 residents of Sun City residents work part time and commute from to and from their homes.