Anthem AZ 85086 Market Report October 2012
- Total Active listings are up 4% over the past 30 days and 42% since May.
- Lender Owned (REO) and Short Sales (SS) make up less than 14% of Total Actives.
- Lender Owned (REO) prices are down 5.2% month over month. That's not a misprint. Anthem has always marched to it's own beat and this month is proof. With lender owned properties drying up fast in the Phoenix Metro Market, and Anthem in particular, many are receiving multiple cash contracts driving prices up all around the Valley, not so in Anthem. This is probably another Anthem anomaly that won't last long and investors with a eye on Anthem should act quickly.
- Unlike REO and Normal Sales, Short Sale prices have remained unchanged over the past 6 months and I believe the main reason is the challenge buyers face in closing them. As you can see, Short Sales Pending are the biggest bottle neck in our market.
- Normal Sale prices are unchanged month over month and virtually unchanged over the past 6 months.
What does this mean for buyers and sellers in Anthem AZ 85086 :
- If you are thinking of buying a home in the next year or two, this is a good time buy, prices haven't risen by the same percentage as other parts of the valley but that will change as we are seeing more and more buyers enter the marketplace and pentup demand will cause prices to rise.
- If you are thinking of selling your home in the next 12 months list it now, competition (other active listings) is low compared to a balanced market however, active listings have doubled since May and continue to increase each month. Call me or click on the link below to find out what your home is worth in todays' market.
- If you are considering moving from a smaller to a larger home this a great time to do so. Smaller homes are selling quickly and in many cases above list price while there are still some great bargains available in homes larger than 3000 sq.ft.
-Click Here To Find Out What Your Home Is Worth-
-Click Here To Search Homes For Sale in Anthem AZ 85086-
Work with a REALTOR who truly understands the Anthem, AZ 85086 Market E-mail Nancy@NancyLaswick.com or call (602) 793-1627.
Whether you are buying or selling a home in Anthem, AZ 85086 I offer a free customized market report. As an informed buyer or seller you'll make better decisions.
All content in this post is protected by copyright. © Nancy Laswick 2012. All Rights Reserved.
Please Note:All statistics and figures are reported from the Arizona Regional Multiple Listing Service (ARMLS) and/or The Cromford Report and are deemed to be reliable, but cannot be guaranteed for accuracy. It is recommended that any information of special interest be verified through independent sources.
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