The Anthem AZ real estate market saw a flattening in the month of November. The number of homes actively on the market decreased slightly, and the number of homes that closed in November increased. The average sales price of homes sold in November declined, but the decline was not large. The number of days on market clicked back down. 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 11/30/10:
Active Listings:257 (Down 3% from Oct. '10, Up 13% from Nov. '09)
Homes Pending: 204 (Down 4% from Oct. '10, Down 15% from Nov. '09)
Homes sold in last 30 days: 40 (Up 43% from Oct. '10, Down 50% from Nov. '09)
Burn rate (Inventory on market / by homes currently under contract) = 2 months supply
Avg. Sale price (Solds): $193,125 (Down 2% from Oct. '10, Down 9% from Nov. '09)
Avg. price per sq. ft. (Solds): $83.47 (Down $5.13 per Sq. Ft. from Oct. '10, Down 9% from Nov. '09)
Avg. Days on Market (Solds): 117 (Down 25 days from Oct. '10, Up 44 days, 60% from Nov. '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:
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