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Anthem, AZ - Real Estate Market Report Sept. 2016

September 2016 saw a marked slow down for the Anthem real estate market. Home sales were down 16% versus August 2016, up 11% over September 2015. Most notably the average sale price decreased by 7% from August and declined 5% year over year.  In addition, the average price per square foot dropped 5% against August and 5% year over year as well. The average days on market is the same as August and down 9% year over year, and the inventory of homes on the market is at 2.93 month’s supply, signifying a shift to a balanced market, neither favoring seller nor buyers. Even the 12 month moving average, $310,190 is only up 2% from last year.  The number of homes currently on the market is 191, and the number of homes currently under contract is 99.
 
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 period ending 9/30/16:
Active Listings: 191
Homes Pending: 99
Homes sold in last 90 days: 71 (Down 16% from Aug. '16, Up 11% from Sept. '15)
Burn rate (Inventory on market / by homes currently under ... more

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