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

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

 

Activity in the The Sun City Grand real estate market continued to increase through November with prices rising as well.  The number of homes sold in Grand for the month of November was up 62% over October, and up 9% from last year.  The average sale price increased 3% over October and was up 9% year over year. The average days on market was 47, which is a 38% increase from October and 22% less than November 2017.  The burn rate (number of homes currently under contract/homes actively on the market) is 3.25 months, leaning toward a buyer's market.  Currently there are 90 homes on the market in Grand and 40 under contract, which foreshadows a weaker market report in December. The 12 month moving average price $311,309, continues to edge up, 6% over 2017. 

Here are the latest stats for the month ending 11/30/18:

Active Listings: 90 (Up 20% from Oct. '18)

Homes Pending: 40

Homes sold in last 90 days:  60 (Up 62% versus Oct. '18,  Up 9% versus Nov. '17)

Burn rate (Inventory on market / by homes currently under contract) = 3.25 months supply

Avg. Sale price (Solds): $341,303 (Up 3% from Oct. '18, Up 9% versus Nov. '17)

Avg. price per sq. ft. (Solds): $179.88 (Same as Oct. '18, Up 8% from Nov. '17)

Avg. Days on Market (Solds): 47 (Up 38% from Oct. '18, Down 22% versus Nov. '17)

Highest sold: $660,000

Lowest sold: $200,000

 

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

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