Anthem, AZ Real Estate Market Report - Parkside Nov. 2016

By
Real Estate Agent with Long Realty West Valley AZ RE Lic. #SA560004000

 

The Anthem Parkside real estate market continued to flatten in November. The total number of homes sold in the The Parkside declined by 18% from October, but up 11% better than November 2015.  The average sale price was up 5% from October but remained pretty much the same year over year.  The 12 month moving average increased by was the same as October and up 6% from last year.  The price per square foot decreased by 6% from October but remained flat year over year. The days on market continued to increase as well, now standing at 77 days, up 24% over October but down 5% from Novebmer 2015. The burn rate, (or homes under contract versus homes on the market) is now about 2.70 month’s supply, inching toward a buyer's market.  There are now 97 homes on the market in the Club, and 40 homes pending/under contract.  If you're thinking of selling your Anthem Parkside home I might hold off for a bit and check in here for future reports to determine if this trend continues.

Download my mobile app at: LongRealtyapp.com/JerryMurphy  to search for homes for sale, or just to find out what price that home down the street is listed.

Here are the latest stats for the quarter ending 11/30/16:

Active Listings: 97

Homes Pending: 57

Homes sold in last 30 days: 40 (Down 18% from Oct. '16, Up 11% from Nov. '15)

Burn rate (Inventory on market / by homes currently under contract) = 2.70 months supply

Avg. Sale price (Solds): $300,190 (Up 5%. from Oct. '16,  Same as Nov. '15)

Avg. price per sq. ft. (Solds): $121.71  (Down 6% from Oct. '16,  Same as Nov. '15)

Avg. Days on Market (Solds): 77 (Up 24% from Oct. '16, Down 5% from Nov.'15)

Highest Sold: $500,000

Lowest Sold: $185,000

To receive a free market analysis for your Anthem home please call Jerry Murphy at 602-334-3757 or e-mail: jwmurphy@longrealty.com

 

To search for Anthem homes for sale go to: www.AnthemAZhomesforsale.com

 

Like us on Facebook at: https://www.facebook.com/pages/All-About-Anthem-presented-by-Jerry-Murphy/160387230685769

 

And follow me on Twitter at: JWMIMAZRealtor

 

Originally posted at: http://www.anthemazhomesforsale.com/general/anthem-az-real-estate-market-report-nov-2016-the-parkside-142/

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Jerry Murphy, CRS, SRES

Anthem, Phoenix, and Scottsdale AZ Real Estate
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