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Sun City Grand, AZ Real Estate Market Report - Aug. 2018

By
Real Estate Agent with Long Realty West Valley AZ RE Lic. #SA560004000

Activity in the The Sun City Grand real estate market bounced back a little in August, although prices dropped a bit.  The number of homes sold in Grand for the month of August was up 7% over July, and was up 16% from last year.   The average sale price dropped 3% versus July, but was up 1% year over year. The average days on market was 63, which is a 19% increase over July and 32% less than August 2017.  The burn rate (number of homes currently under contract/homes actively on the market) is 2.67 months, still a seller's market.  Currently there 75 homes on the market in Grand and 45 under contract, which foreshadows another weak market report in September. The 12 month moving average price, $302,490 continues to edge up, 3% versus 2017. 

Here are the latest stats for the month ending 8/31/18:

Active Listings: 75 (Down 16% from Jun '18)

Homes Pending: 45

Homes sold in last 90 days:  44 (Up 7% versus July '18,  Up 16% versus Aug. '17)

Burn rate (Inventory on market / by homes currently under contract) = 2.67 months supply

Avg. Sale price (Solds): $304,511 (Down 3% from July '18, Up 1% versus Aug. '17)

Avg. price per sq. ft. (Solds): $173.15 (Same as July '18, Up 8% from Aug. '17)

Avg. Days on Market (Solds): 63 (Up 19% from July '18, Down 32% versus Aug. '17)

Highest sold: $525,000

Lowest sold: $210,000

 

To receive a free market analysis for your Sun City Grand home please call Jerry Murphy at 602-334-3757 or e-mail: jwmurphy@longrealty.com

 

And to search for Sun City Grand, Sun City, Sun City West, Traditions, Corte Bella, or Sun Village homes for sale go to: www.JWMurphy.LongRealty.com

Comments (1)

Joyce Marsh
Joyce Marsh Real Estate LLC - Daytona Beach, FL
Joyce Marsh Luxury Living

Thanks for updating us on what’s happening to the current home values in your real estate market. 

Oct 03, 2018 12:14 AM