|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
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.
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.
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.
Thinking of buying or selling a home in Sun City Grand? Keep updated with a handwritten Sun City Grand Market Report sent to your email every other month or so. Please sign up below.