The Anthem AZ real estate market has stalled out a bit as we approach the fall and winter months. The number of homes actively on the market increased a bit more. And the number of homes that closed in September declined a bit as well. This could be due to the end of the first time home buyer tax credit as well as the seasonal end of summer/back to school lull. But on a rosier note, the average sales price of homes sold in September continued on it's upward trend. Year over year prices have only declined 2%, a sign that maybe we indeed have reached the bottom of our market. The number of days on market remains fairly high. This could be due to the number of short sales that are still dominating the market. The burn rate remains at 2 months. Based on these statistics we are still in a full fledged seller's market in Anthem. Albeit most sales will be short sales for some time to come as most Anthem home owners have not recovered the lost equity caused by the steep market downturn.
If you or someone you know are considering purchasing a home in Anthem, now's the time.
Here are the lastest stats for the week ending 9/30/10:
Active Listings:289 (Up 15% from Aug. '10, Up 47% from Sept. '09)
Homes Pending: 201 (Down 9% from Aug. '10, Down 22% from Sept. '09)
Homes sold in last 30 days: 33 (Down 20% from Aug. '10, Down 64% from Sept. '09)
Burn rate (Inventory on market / by homes currently under contract) = 2 months supply
Avg. Sale price (Solds): $214,121 (Up 3% from Aug. '10, Down 2% from Sept. '09)
Avg. price per sq. ft. (Solds): $88.00 (Down $1.03 per Sq. Ft. from Aug. '10, Down 2% from Sept. '09)
Avg. Days on Market (Solds): 122 (Down 20 days from Aug. '10, Up 53 days, 77% from Sept. '09)
For graphical interpretation of this data please visit: www.allaboutanthem.com
For more general information about Anthem visit: www.onlineatanthem.com
And for more information about myself and my business partner and the Anthem real estate, Phoenix real estate, and Scottsdale real estate markets please visit our website at: