The Anthem real estate market threw a bit of coal in the stocking during December. Home sales were down 8% versus November 2016, up 8% over December 2015. And the "burn rate", or the time it would take to sell the current inventory on the market at today's sale pace, continues to increase and now stands at 3.18 month’s supply, continuing it's trend in to a buyer's market. The price per square foot jumped 6% versus November 2016, and was up 4% year over year, however this is more of a symptom of smaller homes selling than the actual price per square foot increasing. Smaller homes tend to carry a higher price per square foot than larger homes. The 12 month moving average now stands at $311,368, up only 2% year over year and continuing a flattening streak over the past few months. The average days on market decreased again to 58, down 4% from November and down 6% year over year, so that's a positive sign. The number of homes currently on the market is 181, and the number of homes currently under contract is 83.
If you ever have any questions about the Anthem real estate market, or would like to get a free market analysis for your home, give me a call at 602-334-3757.
Here are the latest stats for the period ending 12/31/16:
Active Listings: 181
Homes Pending: 83
Homes sold in last 90 days: 56 (Down 8% from Nov. '16, Up 8% from Dec. '15)
Burn rate (Inventory on market / by homes currently under contract) = 3.18 months supply
Avg. Sale price (Solds): $289,930 (Down 16%. from Nov. '16, Down 4% from Dec. '15)
Avg. price per sq. ft. (Solds): $141.45 (Up 6% from Nov. '16, Up 4% from Dec. '15)
Avg. Days on Market (Solds): 75 (Down 4% from Nov.'16, Down 6% from Dec.'15)
Highest Priced Home Sold: $737,000
Lowest Priced Home Sold: $157,000
To receive a free market analysis for your Anthem home please call Jerry Murphy at 602-334-3757 or e-mail: jwmurphy@longrealty.com
For other local market reports please visit: www.JWMurphy.LongRealty.com
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Originally posted at: http://www.anthemazhomesforsale.com/general/anthem-az-real-e…rt-december-2016-158/
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