Sun City Grand, AZ Real Estate Market Report - Apr. 2018
By Jerry Murphy, CRS, SRES, Anthem, Phoenix, and Scottsdale AZ Real Estate
(Long Realty West Valley)
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)Home...
Comments
2