Sun City Grand, AZ Real Estate Market Report - May 2018

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

The Sun City Grand real estate market kicked up again in May.  The number of homes sold in Grand for the month of May was up 10% over April, and up 43% from last year.   The average sale price was down 2% versus April and up 14% year over year. The average days on market was 55, which is a 5% decrease from April and 41% less than May 2017.  The burn rate (number of homes currently under contract/homes actively on the market) is 2.23 months, which signifies a strong seller's market.  Currently there are 64 homes on the market in Grand and 52 under contract, which foreshadows a weaker June market report. The 12 month moving average price, $300,419 continues to edge up, 4% versus 2017. 

Here are the latest stats for the 31 days ending 5/31/18:

Active Listings: 64 (Down 7% from Apr. '18)

Homes Pending: 52

Homes sold in last 90 days:  86 (Up 10% over  Apr. '18,  Up 43% versus May '17)

Burn rate (Inventory on market / by homes currently under contract) = 2.23 months supply

Avg. Sale price (Solds): $302,611 (Down 2% from Apr. '18, Up 14% versus May '17)

Avg. price per sq. ft. (Solds): $171.37 (Same as Apr. '18, Up 11% from May '17)

Avg. Days on Market (Solds): 55 (Down 5% over Apr. '18, Down 41% versus May '17)

Highest sold: $660,000

Lowest sold: $115,000

 

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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Joyce Marsh, Daytona Beach Florida
Joyce Marsh Real Estate - Daytona Beach, FL
Coastal Homes and Lifestyles

Thank you for sharing the latest sales and inventory report on this segment of the real estate market. 

Jul 03, 2018 02:46 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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