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

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

 

The Sun City Grand real estate market remained flat in March to close out the traditional "Selling Season" in Sun City Grand.  The number of homes sold in Grand for the month of March was up 2% from February, but down 37% from last year.   The average sale price was down 2% versus February but up 2% year over year. The average days on market was 71, which is a 13% increase from February and 17% less than March 2017.  The burn rate (number of homes currently under contract/homes actively on the market) is 2.38 months, which signifies a strong seller's market.  Currently there are 87 homes on the market in Grand and 63 under contract, which foreshadows a weak April market report. The 12 month moving average price, $294,663 continues to edge up, 2% versus 2017. 

Here are the latest stats for the 31 days ending 3/31/18:

Active Listings: 87

Homes Pending: 63

Homes sold in last 90 days:  57 (Up 2% over  Feb. '18,  Down 37% versus Mar. '17)

Burn rate (Inventory on market / by homes currently under contract) = 2.38 months supply

Avg. Sale price (Solds): $296,408 (Down 2% from Feb. '18, Up 2% versus Mar. '17)

Avg. price per sq. ft. (Solds): $167.32 (Up 1% from Feb. '18, Up 3% from Mar. '17)

Avg. Days on Market (Solds): 71 (Up 13% over Feb. '18, Down 17% versus Mar. '17)

Highest sold: $685,000

Lowest sold: $128,000

 

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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