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

By
Real Estate Agent with Long Realty West Valley AZ RE Lic. #SA560004000
https://activerain.com/droplet/5gj6

 

Activity in the The Sun City Grand real estate market rebounded nicely in October with prices rising as well.  The number of homes sold in Grand for the month of October was up 28% over September, but down 7% from last year.  The average sale price increased 5% over September and was up 29% year over year. The average days on market was 34, which is a 55% decrease from September and 56% less than October 2017.  The burn rate (number of homes currently under contract/homes actively on the market) is 2.15 months, still a seller's market.  Currently there are 75 homes on the market in Grand and 65 under contract, which foreshadows another strong market report in November. The 12 month moving average price $308,717, continues to edge up, 5% over 2017. 

Here are the latest stats for the month ending 10/31/18:

Active Listings: 75 (Up 7% from Sept. '18)

Homes Pending: 65

Homes sold in last 90 days:  37 (Up 28% versus Sept. '18,  Down 7% versus Oct. '17)

Burn rate (Inventory on market / by homes currently under contract) = 2.15 months supply

Avg. Sale price (Solds): $331,292 (Up 5% from Sept. '18, Up 29% versus Oct. '17)

Avg. price per sq. ft. (Solds): $179.28 (Up 3% from Sept. '18, Up 13% from Oct. '17)

Avg. Days on Market (Solds): 34 (Down 55% from Sept. '18, Down 56% versus Oct. '17)

Highest sold: $719,000

Lowest sold: $190,000

 

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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Ricki Eichler McCallum
CastNet Realty - Corpus Christi, TX
Broker,GRI,ABR, e-Pro, TAHS

Sounds like a nice place to invest!  Too far away for me though.

 

Nov 25, 2018 04:13 PM #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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