The Anthem real estate market pulled back in April. And the numbers are very similar to those of April 2017. The total number of homes sold dropped by 18% from March, and was down 13% from April 2017. The average sale price of homes that sold in April was down 11% from March but was almost identical to April 2017. The price per square foot also dropped by 3% versus March but was up 2% year over year. The 12 month moving average ($335,850) barely increased month over month and is up 6% from last year. Days on market decreased, now standing at 69 days, down 14% versus March and up 10% from April 2017. The burn rate, (or homes under contract versus homes on the market) remains at 2.98 month’s supply, leaning back toward a more balanced market. There are now 198 homes on the market in Anthem, and 100 homes pending/under contract.
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Here are the latest stats for the month ending 4/30/18:
Active Listings: 198 (Up 6% from Mar. '18, Down 4% from Apr. '17)
Homes Pending: 100 (Up 3% from Mar. '18, Down 22% from Apr. '17)
Homes sold in last 30 days: 75 (Down 18% from Mar. '18, Down 13% from Apr. '17)
Burn rate (Inventory on market / by homes currently under contract) = 2.98 months supply
Avg. Sale price (Solds): $326,695 (Down 11% from Mar. '18, Same as Apr. '17)
Avg. price per sq. ft. (Solds): $145.63 (Down 3% from Mar. '18, Up 2% from Apr. '17)
Avg. Days on Market (Solds): 69 (Down 14% from Mar. '18, Up 10% from Apr. '17)
Highest Sold: $587,000
Lowest Sold: $186,400
To receive a free value analysis for your Anthem home please call Jerry Murphy at 602-334-3757 or e-mail: jwmurphy@longrealty.com
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