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

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

 

The Sun City Grand real estate market activity fell off in June, although prices continued to increase.  The number of homes sold in Grand for the month of June was down 43% versus May, and was down 36% from last year.   The average sale price was up 4% versus May and also up 4% year over year. The average days on market was 64, which is a 16% increase from May and 38% less than June 2017.  The burn rate (number of homes currently under contract/homes actively on the market) is 2.06 months, which signifies a strong seller's market.  Currently there are 56 homes on the market in Grand and 53 under contract, which foreshadows another weak market report in July, although the summer months tend to be slower in the adult communities. The 12 month moving average price, $301,228 continues to edge up, 3% versus 2017. 

Here are the latest stats for the 31 days ending 6/30/18:

Active Listings: 56 (Down 12% from May '18)

Homes Pending: 53

Homes sold in last 90 days:  49 (Down 43% versus May '18,  Down 36% versus June '17)

Burn rate (Inventory on market / by homes currently under contract) = 2.06 months supply

Avg. Sale price (Solds): $315,838 (Up 4% from May '18, Up 4% versus June '17)

Avg. price per sq. ft. (Solds): $174.53 (Up 2% from May'18, Up 11% from June '17)

Avg. Days on Market (Solds): 64 (Up 16% over May '18, Down 38% versus June '17)

Highest sold: $652,000

Lowest sold: $206,000

 

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

close

This entry hasn't been re-blogged:

Re-Blogged By Re-Blogged At
Topic:
Real Estate Market Trends
Location:
Arizona Maricopa County Surprise Sun City Grand
Groups:
Realtors®
Almost Anything Goes
Law of Attraction for the REALTOR!
POSITIVE ATTITUDE for the Weary Soul
Arizona Premiere Living
Tags:
arizona
homes for sale
az
realtors
brokers
55 communities
suprise
real estate
sun city grand
active adult communities
agents
adult communities
long realty
jerry murphy
how do i buy a home
how do i get a home loan

Post a Comment
Spam prevention
Spam prevention
Show All Comments
Ambassador
1,466,528
Jim Crawford
RE/MAX Paramount Properties - Atlanta, GA
Jim Crawford Atlanta Best Listing Agents & REALTOR

Thank you for sharing this.  It's most informative for buyers and sellers!

Jul 25, 2018 07:32 AM #1
Post a Comment
Spam prevention
Show All Comments

What's the reason you're reporting this blog entry?

Are you sure you want to report this blog entry as spam?

Rainmaker
466,825

Jerry Murphy, CRS, SRES

Anthem, Phoenix, and Scottsdale AZ Real Estate
Ask me a question
*
*
*
*
Spam prevention

Additional Information