Activity in The Villas real estate market ticked up considerably in August. 5 homes closed escrow in The Villas in August, up 250% over July and up 500% from last August. The average sale price for the homes sold in August increased 6% versus July , up 8% over last August. There are currently no homes on the market in The Villas at this time. However, there are 4 under contract, which bodes well for September's market report. The 12 month moving average price, $159,454 continues to edge up, 5% versus 2016. And homes sold quickly in The Villas during August, with the average days on market for those homes at only 22.
Here are the latest stats for the 31 days ending 8/31/17:
Active Listings: 0
Homes Pending: 4
Homes sold in last 90 days: 5 (Up 250% from July '17, Up 500% from Aug. '16)
Burn rate (Inventory on market / by homes currently under contract) = 1.00 months supply
Avg. Sale price (Solds): $161,500 (Up 6% from July '17, Up 8% from Aug. '16)
Avg. price per sq. ft. (Solds): $126.67 (Same as July '17, Up 13% from Aug. '16)
Avg. Days on Market (Solds): 22 (Down 60% from July '17, Down 51% from Aug. '16)
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Originally posted at: http://www.anthemazhomesforsale.com/general/anthem-az-serenity-villas-real-estate-market-report-nov-2016-152/
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