Sun City Grand, AZ Real Estate Market Report - Mar. 2019
By Jerry Murphy, CRS, SRES, Anthem, Phoenix, and Scottsdale AZ Real Estate
(Long Realty West Valley)
Home sales increased a bit but prices fell in the The Sun City Grand real estate market through March. The number of homes sold in Grand for the month of March was up 17% versus February, but down 4% from last year. The average sale price fell 6% from February but was up 17% year over year. The average days on market was 55, which is a 4% decrease from February and 23% less than March 2018. The burn rate (number of homes currently under contract/homes actively on the market) is 2.54 months, a strong seller's market. Currently there are 83 homes on the market in Grand and 54 under contract, which foreshadows a weaker report for April. The 12 month moving average price $326,324, continues to edge up, 11% over 2018. Here are the latest stats for the month ending 3/31/19:Active Listings...
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