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