The Anthem Parkside real estate market flattened out in April. Home sales, in a strange coincidence were identical to both March 2017 and April 2016. Literally flat. The average sale price declined 1% from last year. And the average price per square foot rose only 1% year over year for the Parkside. The average days on market rose 10% from March and up 7% year over year. The inventory of homes on the market is at 2.20 month’s supply, a strong seller’s market. The 12 month moving average, $289,618 is up 4% from last year, still a nice steady rate of appreciation. And the number of homes currently on the market is 107, while the number of homes currently under contract in the Parkside is 89.
If you've followed my blog here you know that I also do a weekly sales report for Anthem homes. Over the last several months I have noted that homes in the $200-300k price range are what is driving our market here in Anthem. I believe that our prices have flattened lately due to home prices out stripping wages. I would expect our prices to only edge up slightly over the next year or so, which is not bad, but home owners should not expect to break the bank with the sale of their homes for a while.
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 period ending 4/30/17:
Active Listings: 107
Homes Pending: 89
Homes sold in last 30 days: 55 (Same as Mar. '17, Same as April. '16)
Burn rate (Inventory on market / by homes currently under contract) = 2.20 months supply
Avg. Sale price (Solds): $292,979 (Up 3%. from Mar. '17, Down 1% from April. '16)
Avg. price per sq. ft. (Solds): $133.81 (Down 4% from Mar. '17, Up 1% from April. '16)
Avg. Days on Market (Solds): 65 (Up 10% from Mar. '17, Up 7% from April.'16)
Highest Sold: $508,000
Lowest Sold: $204,900
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