The Anthem real estate market closed out 2014 a bit weaker than 2013. 44 homes sold, slightly more than November but 20% less than last year. Both the average sale price for those homes and the average price per square foot fell as well. This continued a flattening trend in the Anthem market throughout 2014. The current number of homes for sale is 206, with 76 homes currently under contract. This translates to a "Burn Rate" (amount of time it would take to sell all the actively listed homes at the current rate of sales) of 3.71 months, a slight buyer's edge. The 12 month moving average sale price is $298,526, which is 8% greater than last year.
Here are all the numbers for December 2014:
Dec. '14 Nov. '14 Dec. '13 Dec. '14 vs. Dec. '14 vs.
Nov. '13 Dec. '13
Homes Sold 44 43 55 +2% -20%
Avg. Sale Price $284,484 $308,113 $310,063 -8% -8%
Sale/List Price % 98% 98% 98% -- --
Avg. Price per Sq. Ft. $124.08 $128.72 $126.23 -4% -2%
Days on Market 87 83 69 +5% +26%
Highest Sold $690,000 $750,000 $700,000
Lowest Sold $135,000 $150,800 $135,000
To receive a free market analysis for your Anthem home please call Jerry Murphy at 602-334-3757 or e-mail: jwmurphy@longrealty.com
Comments(1)