Special offer

Anthem, AZ Real Estate Market Report - May 2017

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

 

The Anthem real estate market finished spring with a mixed bag. The total number of homes sold was down 9% from April, and down 11% from May 2016.  The average sale price fell off 2% from April and only up 2% year over year.  The 12 month moving average continues to remain flat month over month and is now only up 2% from last year.  The price per square foot was up slightly from April and up 7% year over year. The days on market increased, now standing at 78 days, up 24% from April and up 5% from May 2016. The burn rate, (or homes under contract versus homes on the market) is now about 2.29 month’s supply, still signalling a sellers market.  There are now 172 homes on the market in Anthem, and 133 homes pending/under contract.  

With the number of homes on the market and burn rate decreasing the natural assumption would be that home prices would be rising in Anthem.  However, we're not seeing that assumption hold.  Again, the majority of the homes being sold in Anthem are in the $350,000 or less price range, which leads me to believe that we will need incomes to increase if we are to see an increase in Anthem home prices.

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 month ending 5/31/17:

Active Listings: 172 (Down 17% from Apr. '17)

Homes Pending: 133 (Up 3% from Apr. '17)

Homes sold in last 30 days: 78 (Down 9% from Apr. '17, Down 11% from May '16)

Burn rate (Inventory on market / by homes currently under contract) = 2.29 months supply

Avg. Sale price (Solds): $319,433 (Down 2%. from Apr. '17,  Up 2% May '16)

Avg. price per sq. ft. (Solds): $147.54 (Up 3% from Apr. '17,  Up 7% from May '16)

Avg. Days on Market (Solds): 78 (Up 24% from Apr. '17, Up 5% from May '16)

Highest Sold: $875,000

Lowest Sold: $152,500

To receive a free value 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.JWMurphy.LongRealty.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

Comments (1)

LLoyd Nichols
Premier Florida Realty of SWFL - Fort Myers, FL
Southwest Florida Homes By The Sea

Great straight forward, knowledgeable and honest market report with some personal view points . Buyers or sellers should just pick you because of these qualities. 

Jun 19, 2017 07:40 PM