Sun City Grand, AZ Real Estate Market Report - Mar. 2018
By Jerry Murphy, CRS, SRES, Anthem, Phoenix, and Scottsdale AZ Real Estate
(Long Realty West Valley)
The Sun City Grand real estate market remained flat in March to close out the traditional "Selling Season" in Sun City Grand. The number of homes sold in Grand for the month of March was up 2% from February, but down 37% from last year. The average sale price was down 2% versus February but up 2% year over year. The average days on market was 71, which is a 13% increase from February and 17% less than March 2017. The burn rate (number of homes currently under contract/homes actively on the market) is 2.38 months, which signifies a strong seller's market. Currently there are 87 homes on the market in Grand and 63 under contract, which foreshadows a weak April market report. The 12 month moving average price, $294,663 continues to edge up, 2% versus 2017. Here are the latest stats f...
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