Anthem, AZ real estate market report - November, 2011

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

Activity slowed a bit  in Anthem for the month of November.  And the average sale price edged back down, although the average price per sq. ft. increased.  This tells us that the smaller, lower priced homes are selling.  And the bargains are quickly disappearing, as evidenced by the lowest sale price continually increasing month over month.   Overall for the entire 2011 year, the average sale price is only down 3% from a a year ago.   The number of homes on market  inched up again to 211, about a 2 months supply. The number of homes currently under contract edged down again.  Year over year sales have fallen by 54%. I would still say it looks like the  Anthem real estate market is steadily becoming a seller's market.  Here are the numbers for November 2011:

Nov. '11       Oct. '11        Nov. vs. Oct.      Nov. '11 vs. '10

# of homes Sold              37              54                    -31%                      -54%

Average Sale Price         $199,761      $210,586                -5%                       -1%

Average List Price         $203,851      $217,898                 -6%                      -2%

Sale Price % of List Price            98%            97%                    +1%                      +1%

Avg. Price per Sq. Ft.          $91.85         $90.92                  +1%                      +8%

Avg. D.O.M. for Sales              67               84                     -20%                    -23%

Highest Sale Price        $489,000       $499,000                -2%                      +9%

Lowest Sale Price            14,000       $95,507               +19%                    +43%

To get a free market valuation of YOUR home call Jerry 602-334-3757 or Ben 480-220-8022

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Jerry Murphy, CRS, SRES

Anthem, Phoenix, and Scottsdale AZ Real Estate
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