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

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

The Sun City Grand real estate market ratcheted up in April.  The number of homes sold in Grand for the month of April was up 37% over March, and up 18% from last year.   The average sale price was up 4% versus March and up 7% year over year. The average days on market was 58, which is a 18% decrease from March and 19% less than April 2017.  The burn rate (number of homes currently under contract/homes actively on the market) is 2.19 months, which signifies a strong seller's market.  Currently there are 69 homes on the market in Grand and 58 under contract, which foreshadows a weaker May market report. The 12 month moving average price, $296,985 continues to edge up, 3% versus 2017. 

Here are the latest stats for the 31 days ending 4/30/18:

Active Listings: 69 (Down 21% from Mar. '18)

Homes Pending: 58

Homes sold in last 90 days:  78 (Up 37% over  Mar. '18,  Down 18% versus Apr. '17)

Burn rate (Inventory on market / by homes currently under contract) = 2.19 months supply

Avg. Sale price (Solds): $308,570 (Up 4% from Mar. '18, Up 7% versus Apr. '17)

Avg. price per sq. ft. (Solds): $171.02 (Up 2% from Mar. '18, Up 8% from Apr. '17)

Avg. Days on Market (Solds): 58 (Down 18% over Mar. '18, Down 19% versus Apr. '17)

Highest sold: $755,000

Lowest sold: $145,000

 

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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Rainmaker
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Ronald DiLalla
Century 21 Discovery DRE 01813824 - Anaheim, CA
No. Orange Cty Real Estate

Hi Jerry,  always enjoy viewing information on Arizona Communities.  Thanks for sharing

Jun 18, 2018 04:31 PM #1
Rainmaker
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Jeremy K. Frost
Keller Williams Realty - Dripping Springs, TX
Associate Broker, CNE, CRS, ePro, PSA

Thank you for keeping us posted and up to date. Best of luck!

Jun 19, 2018 03:58 PM #2
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Rainmaker
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Jerry Murphy, CRS, SRES

Anthem, Phoenix, and Scottsdale AZ Real Estate
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