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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