Sun City Grand Market Report September 2018

Sun City Grand Market Report September 2018

Sun City Grand Drops to Under 1 Months of Inventory

Sun City Grand Housing Numbers September 2018

Active Listings (Sept)88
Pending Listings (Sept)24
Sold Listings (Aug)55
Average DOM (Aug)63
Months of Inventory (Aug).93
Median Sold Price (Aug)
$275,000
Sold to List Ratio (Aug1)97.5%

September Snapshot (we are always one month behind in data)

Sun City Grand Market Update September 2018: The big news in Sun City Grand in August is low, low inventory. Just 51 homes for sale compared to 91 last year. That’s a -44% decrease over last year in August. Lack of homes listed dropped month’s inventory to under 1 month at .93.  Last year at this time, inventory was 1.74. Perhaps the bigger news will be when we do next month’s market report to look at just how many sellers came into the market in September.

Another interesting number to look at is average days on market, it was just 63 days compared to 92 days in August last year. That’s a -31.52 decrease.  In August, sold listings were up, pending more than -50% down, homes for sale down -44% and new listing down -40%. Where are the sellers? They appear to be emerging as in September, so far, the number of listings has almost doubled compared to August. On average, homes in August sold for 98.5% of asking price.

In September there are currently 88 homes for sale in Sun City Grand with 24 homes pending.

Sun City Grand Market Report September 2018

Sun City Grand Market Report September 2018

Last 12-month housing trends in Sun City Grand

Sun City Grand home values are up 1.1% over the past 12 months with a median sale price of $275,000. Over this time period, average days on market are 58 days compared to 1017 at 78 days. Month’s inventory is at 1.75 months compared to 2.24.  Months Inventory is down -47.22% over the past 12 months. Over the past 12 months, 471 have sold which is the same as last year.

Take Away:

Homes are selling, home values up slightly, low inventory, pending listing down and days on market down. Sun City Grand is in a Strong Seller’s Market.

If you found this article informative, Sun City Grand Market Report September 2018, you also might like

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Rowlson Sharon
Rowlson Sharon

Sharon Rowlson is a Realtor specializing in Retirement Communities in Phoenix Arizona. Her real estate focus is Active Adult Communities in the West Valley of Phoenix. The 55 plus communities she works in include popular Phoenix Arizona Retirement Communities like Sun City, Sun City West, Sun City Grand, Sun City Festival, PebbleCreek, Corte Bella Country Club, Arizona Traditions, CantaMia, Trilogy at Vistancia and Victory at Verrado. Contact Sharon anytime.

Sharon Rowlson, REALTOR®

Specializing in Phoenix Arizona Active Adult Retirement Communities
HomeSmart International Elite Group
P: (623) 552-0228
[email protected]