Anthem AZ Real Estate - Market Report April 2011

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

April continued the positive streak in the number of homes sold in Anthem.  Again, typical of this time of year.  We're still quite a bit off of last year's pace.  That may be explained by the fact that the "bargains" are fastly disappearing from the market.  And there are fewer bank owned homes on the market in Anthem as, therefore buyers are relegated to purchasing short sales, which take much longer to close.  In fact, there are fewer homes PERIOD on the market in Anthem, with only 149 active listings at this time, approaching levels we haven't seen 2005/06.  Pending sales illustrate this point.  There are currently 245 homes in pending status.  The average sale price is starting to stabilize as well as the bottom of the market.  As you'll note the lowest priced home/condo sold for $105,000.  As I mentioned previously, the bargain basement homes are becoming a rare breed in Anthem.  So if you're looking to get a pretty good deal on a home in Anthem, now's the time to move.

Here are the numbers for April 2011:

                                                                      April '11        Mar. '11      Apr. vs. Mar.   Apr. 11 vs. '10

# of homes Sold                                 53               47              13%             (54%)

Average Sale Price                                $209,247    $214,718           (3%)             (7%)

Average List Price                                 $214,224    $217,484            (1%)            (7%)

Sale Price % of List Price                   98%            99%              (1%)              -%

Avg. Price per Sq. Ft.                        $88.89       $87.64              1%             (4%)

Avg. D.O.M. for Sales                        100              93                  8%              9%

Highest Sale Price                         $509,000     $649,000          (22%)             4%

Lowest Sale Price                          $105,000       $91,900            14%            31%

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Andrea Swiedler
Berkshire Hathaway HomeServices New England Properties - New Milford, CT
Realtor, Southern Litchfield County CT

Jerry, seems like the real estate market is healing itself in Anthem, AZ! That is good news for sure.

May 14, 2011 01:44 PM #1
Beth Larsen
RE/MAX Sedona - Sedona, AZ
Sedona Arizona

Hi Jerry, this is certainly a bright spot. We're seeing similar activity ratios in certain areas and price ranges in Sedona and the Verde Valley as well. It's a slow process, but I think we can say it's starting to stabilize.

May 16, 2011 09:13 AM #2
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Jerry Murphy, CRS, SRES

Anthem, Phoenix, and Scottsdale AZ Real Estate
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