Let’s have a look at what happened in the real estate market in The Grand in the month of February, 2026.
Only one condo unit sold in February, so this post will have less data & analysis than the posts about other communities.
Like those other communities, The Grand is also showing signs of a slowing market, that is shifting towards an advantage for buyers.
Sales data was down across all metrics, and there is close to four months of inventory for sale now.
Let’s have a look at the data
54 homes sold in The Grand in February. This is a decrease of 5.26%
The average price was $452,009, a decrease of 9.42%
The median sold price was $430,000, a decrease of 10.42%
Price per square foot was $253.54 a 9.94% decrease
Days on market was 71 a 24.47% decrease
Some big drops in the February data, with 9%+ drops in average & median prices, as well as average price per square foot. The one bright spot was it took three weeks less to get a home under contract.
I don’t think it is time to panic or proclaim the sky is falling. This is just one month’s of data and not a huge sample size, it will be important to see how March data & the entire first quarter of 2026 looks to start making some judgements.
DISCLAIMER: The explanations & opinions in this post are my interpretations of the data, based on my experiences in the real estate market here in Phoenix. They are my own, and not those of my brokerage, My Home Group Real Estate, LLC.
Data is pulled from the Arizona Regional Multiple Listing Service.
If you found an error, or disagree with my assessments, I’d love to hear from you. You can reach me at [email protected] or (480) 797-8975
Have questions about the real estate market, or your specific real estate situation? You can reach out to J.D. Manning at (480) 797-8975.
