Oct 2016 Retire AZ Market Snapshot
PEBBLECREEK REAL ESTATE MARKET UPDATE (Oct 2016)
There are more homes listed by sellers than normal due to the seller’s market. There are currently 62 homes for sale in PebbleCreek compared to last year at this time which was 40. There is 3.60 months of inventory as sellers put their home on the market this month in anticipation of season. The average price of a single family is $335,452. Average days on market in September was 96 days with homes selling on average for 97% of asking price.
October PebbleCreek Snapshot
Under contract taking backups 20
Sold (Sept) 20
Median estimated Home Value $339,910
Home Value change over last month +.27%
12 month Home Value change +2.17%
SUN CITY GRAND REAL ESTATE MARKET UPDATE (Oct 2016)
Currently the real estate market in Sun City Grand Retirement Community is slanted towards a seller’s market. There was a fair amount of activity during the off season when the snowbirds were gone and now as they return busier than usual. Currently, in October, there are 143 homes for sale compared to 90 last year. More sellers are putting their homes on the market sooner with the hot seller’s market. There is 2.88 months of inventory which is low as 4.0 months of inventory is considered a balanced market between buyers and sellers. The average price of a single family is $268,195. Average days on market in September was 117 days with homes selling on average for 97.5% of asking price. Homes that are priced right are selling at or above asking price.
October Sun City Grand Snapshot
Under Contract Taking Backups 19