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

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

 

The Sun City Grand real estate market started 2018 on an up note. The number of homes sold in Grand for the month of January was up 7% over December, and up 40% over last year.   The average sale price was down 9% versus December and down 4% year over year. The average days on market was 56, which is a 23% decrease from December and 33% less than January 2017.  The burn rate (number of homes currently under contract/homes actively on the market) is 2.64 months, which signifies a strong seller's market.  Currently there are 118 homes on the market in Grand and 72 under contract, which bodes well for February's market report. The 12 month moving average price, $295,096 continues to edge up, 4% versus 2016. 

Here are the latest stats for the 31 days ending 1/31/18:

Active Listings: 118

Homes Pending: 72

Homes sold in last 90 days:  60 (Up 7% over  Dec. '17,  Up 40% versus Jan. '17)

Burn rate (Inventory on market / by homes currently under contract) = 2.64 months supply

Avg. Sale price (Solds): $293,510 (Down 9% over Dec. '17, Down 4% versus Jan. '17)

Avg. price per sq. ft. (Solds): $166.79 (Up 2% from Dec. '17, Up 5% from Jan. '17)

Avg. Days on Market (Solds): 56 (Down 23% over Dec. '17, Down 33% versus Jan. '17)

 

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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Rainmaker
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Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker

Good morning Jerry. Buyers need to be ready to make a decision. Enjoy your day!

Feb 14, 2018 03:52 AM #1
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Rainmaker
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Jerry Murphy, CRS, SRES

Anthem, Phoenix, and Scottsdale AZ Real Estate
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