Anthem, AZ Real Estate - Market Report January 2010

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

The Anthem AZ real estate market  was kind of a mixed bag to start 2010.  The inventory of homes for sale remained the same.  However the Average Sales Price dove sharply.  This may be anomaly however, being the first month in several where we've seen a dip.  The burn rate is still 2 months, and the average days on market is only 79. One of the more interesting and positive statistics is the number of homes currently pending (or under contract).  That number rose dramatically versus December and on a Year over Year basis. Based on those statistics we have a traditional seller's market in Anthem.  Anthem's housing market looks to be once again on stable footing. 

Here are the lastest stats for the week ending 1/31/10:

Active Listings: 227 (Same as Dec. '09, Down 26% from Jan. '09)

Homes Pending: 273 (Up 58% from Dec. '09, Up 168% from Jan. 09)

Homes sold in last 30 days: 48 (Down 44% from Dec. '09, Up 7% over Jan. '09)

Burn rate (Inventory on market / by homes currently under contract) =  2 months supply

Avg. Sale price (Solds): $199,727 (Down 15% from Dec. '09, Down 19% from Jan. '09)

Avg. price per sq. ft. (Solds): $88.02 (Down $8.76 per Sq. Ft. from Dec. '09, Down 14% from Jan. '09)

Avg. Days on Market (Solds): 79 (Up 3 days from Dec. 09, Down 32 days, 29% from Jan. '09)

For graphical interpretation of this data please visit: www.allaboutanthem.com 

For more general information about Anthem visit: www.onlineatanthem.com

And for more information about myself and my business partner and the Anthem real estate, Phoenix real estate, and Scottsdale real estate markets please visit our website at:

http://www.arizonapremiereliving.com/

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Rainmaker
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Michael A. Caruso
Surterre Properties - Laguna Niguel, CA

I can't wait to see where Anthem goes in the next few years. I see a lot of growth there. Thanks for the Market update

Feb 04, 2010 04:54 PM #1
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Rainmaker
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Jerry Murphy, CRS, SRES

Anthem, Phoenix, and Scottsdale AZ Real Estate
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