Sun City Grand Market Report December 2018

Sun City Grand Market Report

Sun City Grand Market Report December 2018

Sun City Grand Pending Listings down over 50% in November

Sun City Grand Housing Numbers December 2018

Active Listings (Dec)102
Pending Listings (Dec)33
Sold Listings (Nov)60
Average DOM (Nov)47
Months of Inventory (Nov)1.6
Median Sale Price (Nov) $319,500
Sold to List Ratio (Nov)98.1%

In this month’s Sun City Grand Market Report December 2018

  • November Snapshot
  • Current December Numbers
  • 12-month Housing Trends
  • Best months to list, the months with most inventory & month with the most homes sold

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

Sun City Grand Pending Listings down over 50% in November- Pending listings were way down in November, -53.7% to be exact. There were only 25 pending homes compared to 54 last November. Perhaps in December, more homes will go under contract than normal to make up the difference. The number of homes that sold was slightly up in Sun City Grand, 60 homes sold compared to 55 last November. New listings were down -25% and active listings were down -30%. Will be interesting to see how this affects the number of homes that sell in December.

Average days on market was 47 days compared to 60 days in November last year. That’s a -21.67% decrease. The median sale price was $319,500. Homes in November sold for 98.2% of asking price and there were 1.63 months of inventory. That’s a-33% decrease in home inventory from last year.

Current December numbers

There are currently 102 homes for sale in December with 33 pending.

There’s more, be sure to peek below the photo for the last 12-month housing trends and top months to list and buy in Sun City Grand.

Last 12-month housing trends in Sun City Grand

Sun City Grand home values are on average up 4.4% over the past 12 months. The median sales price is $282,000 compared to $270,000 last year at this time. Over this time period, average days on market are 54 days compared to 74 days. That a -27% decrease. Month’s inventory is at 1.65 months compared to 2.99. Months Inventory is down -45% year to date. So far this year 730 homes have been listed compared to 910 last year at this time. That’s a 20 % decrease. 597 homes have sold compared to 609 last year at this time.

Looking at last season in Sun City Grand (Oct 2017-June 2018) these were the top months for new listings, homes on the market and homes sold.

Top Housing Months in Sun City Grand Last Season

Most New Listings January, 80 & March, 71
Most Homes on the Market February, 101 & March, 101 (tied)
Most Homes Sold in May, 86

Take Away: Homes are selling, Number of homes listed down, home values up with low inventory. Sun City Grand is in a Strong Seller’s Market.

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

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Sun City Grand Market Reports emailed to you

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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