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Anthem, AZ Real Estate Market Report - August 2018

For the first time in a while both sales activity and prices increased in the Anthem real estate market during August.  The total number of homes sold increased 6% over July, but was down 7% from August 2017.  The average sale price in August was up 11% over July and was up 15% from August 2017.  The price per square foot was down 1% versus July but was up 9% year over year.  And the 12 month moving average ($343,301) was up 1% over July, now up 7% from last year.  Days on market increased, now standing at 68 days, down 3% versus July and down 8% from August 2017. The burn rate, (or homes under contract versus homes on the market) remains at 2.81 month’s supply, still a seller's market.  There are now 159 homes on the market in Anthem, and 88 homes pending/under contract.
 
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 8/31/18:
Active Listings: 159 (Up 1% from July '18, Down 4% from August '17)
Homes Pending: 88 (Down 3% from July '18, Up 4% from August '17)
Homes ... more

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