Sun City Grand, AZ Real Estate Market Report - Dec. 2017

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

The Sun City Grand real estate market finished 2017 with upward momentum heading into 2018. The number of homes sold in Grand for the month of December was up 44% over last year.   The average sale price was up 3% over November and up 7% year over year. The average days on market was 73, which is a 22% increase over November and 18% longer than December 2016.  The burn rate (number of homes currently under contract/homes actively on the market) is 2.33 months, which signifies a strong seller's market.  Currently there are 105 homes on the market in Grand and 79 under contract, which bodes well for January's market report. The 12 month moving average price, $295,850 continues to edge up, 4% versus 2016. 

Here are the latest stats for the 31 days ending 12/31/17:

Active Listings: 105

Homes Pending: 79

Homes sold in last 90 days:  56 (Up 2% over  Nov. '17,  Up 44% versus Dec. '16)

Burn rate (Inventory on market / by homes currently under contract) = 2.33 months supply

Avg. Sale price (Solds): $323,593 (Up 3% over Nov. '17, Up 7% versus Dec. '16)

Avg. price per sq. ft. (Solds): $163.90 (Down 1% from Nov. '17, Same as Dec. '16)

Avg. Days on Market (Solds): 73 (Up 22% over Nov. '17, UP 18% versus Dec. '16)

 

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 

close

This entry hasn't been re-blogged:

Re-Blogged By Re-Blogged At
Topic:
Real Estate Market Trends
Location:
Arizona Maricopa County Surprise
Groups:
Realtors®
Almost Anything Goes
Law of Attraction for the REALTOR!
POSITIVE ATTITUDE for the Weary Soul
Facebook Fridays
Tags:
arizona
homes for sale
az
realtors
brokers
retirement communities
sun city
sun city west
surprise
real estate
sun city grand
agents
corte bella
market reports
long realty
jerry murphy
55 active adults

Post a Comment
Spam prevention
Spam prevention
Post a Comment
Spam prevention

What's the reason you're reporting this blog entry?

Are you sure you want to report this blog entry as spam?

Rainmaker
507,235

Jerry Murphy, CRS, SRES

Anthem, Phoenix, and Scottsdale AZ Real Estate
Ask me a question
*
*
*
*
Spam prevention

Additional Information