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

By
Real Estate Agent with Long Realty West Valley AZ RE Lic. #SA560004000
https://activerain.com/droplet/5bkz

 

The Sun City Grand real estate market slowed a bit in February, but still showed better than last year. The number of homes sold in Grand for the month of February was down 7% from January, and up 12% over last year.   The average sale price was up 3% versus January but down 5% year over year. The average days on market was 63, which is a 13% increase from January and 24% less than February 2017.  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 113 homes on the market in Grand and 85 under contract, which bodes well for March's market report. The 12 month moving average price, $294,023 continues to edge up, 3% versus 2016. 

Here are the latest stats for the 31 days ending 2/28/18:

Active Listings: 113

Homes Pending: 85

Homes sold in last 90 days:  56 (Down 7% over  Jan. '18,  Up 12% versus Feb. '17)

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

Avg. Sale price (Solds): $300,958 (Up 3% over Jan. '18, Down 5% versus Feb. '17)

Avg. price per sq. ft. (Solds): $166.08 (Same as Jan. '18, Up 1% from Feb. '17)

Avg. Days on Market (Solds): 63 (Up 13% over Jan. '18, Down 24% versus Feb. '17)

Highest sold: $615,000

Lowest sold: $140,000

 

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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Jerry Murphy, CRS, SRES

Anthem, Phoenix, and Scottsdale AZ Real Estate
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