Although we continued to see the volume of sales taper off in the Anthem real estate market the average sale price ratcheted up for the second straight month. In addition, we actually saw a year over year increase of 11% in the average sale price. The number of homes on market is inche up again to 169, but the number of homes currently under contract also edged up. Year over year sales have fallen by 70%. The average list price is also continuing to move up, which says sellers are starting to get more confident. We don't want to jump the gun, but it looks like the Anthem real estate market is steadily becoming a seller's market. Here are the numbers for July 2011:
July '11 June '11 July vs. June July '11 vs. '10
# of homes Sold 25 33 -24% -70%
Average Sale Price $249,847 $204,616 22% 11%
Average List Price $253,762 $210,932 20% 12%
Sale Price % of List Price 99% 97% 2% -1%
Avg. Price per Sq. Ft. $94.91 $88.88 8% 6%
Avg. D.O.M. for Sales 106 109 -3% 23%
Highest Sale Price $530,000 515,000 3% 3%
Lowest Sale Price $102,000 $82,000 24% -3%
To get a free market valuation of YOUR home call Jerry 602-334-3757 or Ben 480-220-8022
For more information about the Anthem real estate market please visit: www.AllAboutAnthem.com
And for more information about Phoenix and Scottsdale real estate visit www.ArizonaPremiereLiving.com
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