Anthem AZ Market Report - December 2010

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

The Anthem AZ real estate market saw some positive signs in the month of December. The number of homes actively on the market decreased slightly, and the number of homes that closed in December increased.   The average sales price of homes sold in December increased, allowing the average sale price for 2010 to almost equal that of 2009.   The number of days on market clicked back up.  This could be due to the number of short sales that are still dominating the market.   The burn rate remains at 2 months. Based on these statistics we are still in a full fledged seller's market in Anthem.  Albeit most sales will be short sales for some time to come as most Anthem home owners have not recovered the lost equity caused by the steep market downturn.

If you or someone you know are considering purchasing a home in Anthem, now's the time.

Here are the lastest stats for the week ending 12/31/10:

Active Listings: 249 (Down 3% from Nov. '10, Up 10% from Dec. '09)

Homes Pending: 185 (Down 9% from Nov. '10, Up 7% from Dec. '09)

Homes sold in last 30 days: 52 (Up 30% from Nov. '10, Down 40% from Dec. '09)

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

Avg. Sale price (Solds): $206,262 (Up 7% from Nov. '10, Down 12% from Dec. '09)

Avg. price per sq. ft. (Solds): $91.85 (Up $8.38 per Sq. Ft. from Nov. '10, Down 5% from De. '09)

Avg. Days on Market (Solds): 133 (Up 16 days from Nov. '10, Up 57 days, 75% from Dec. '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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Andrea Swiedler
Berkshire Hathaway HomeServices New England Properties - New Milford, CT
Realtor, Southern Litchfield County CT

Jerry, great market report for Anthem, AZ. It is good to see the dollar amounts rising, despite the fact, as you said, short sales dominate the market.

Jan 19, 2011 12:29 PM #1
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Jerry Murphy, CRS, SRES

Anthem, Phoenix, and Scottsdale AZ Real Estate
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