Anthem, AZ 85086 Market Report December 2012
- Total Active Listings are down slightly month over month but up 40% over the past 9 months.
- Lender Owned (REO) and Short Sales (SS) make up less than 15% of Total Active Listings.
- Lender Owned (REO) prices are down about 8% month over month but up 11% since September. Despite the temporary spike in Days On Market, Lender owned properties are selling quickly in the Anthem, AZ, and many are receiving multiple contracts even though prices continue to rise.
- Unlike REO properties, which have bounced around a bit, Short Sale prices have been slowly and steadily increasing over the past 6 months.
- Even though they are a small percentage of total sales Short Sales Pending are the biggest bottle neck in that category, and Short Sale Days On Market are more than triple that of Traditional (Normal) Sales.
- Normal Sale prices are unchanged month over month and up 6% since September.
-The Average Sale Price of Anthem Homes during the month of December was $266,791-
-The Median Sale Price of Anthem Homes during the month of December was $241,000-
What does this mean for buyers and sellers in Anthem, AZ 85086 :
- If you are thinking of buying an Anthem home in the next year or two, why would you wait? Prices will continue to rise and interest rates have no where to go but up. Buy now and get a lot more home for your money.
- If you are thinking of selling your Anthem home in the next 12 months why not list it now, competition (other active listings) is still very low but, as you can see, increasing each month and if mortgage rates begin to rise the number of eligible buyers for your home will decrease.
- If you are considering moving from a smaller to a larger home there has never been a better time to do so. Smaller homes are selling quickly and in many cases above list price while there are still some great bargains available in homes larger than 3000 sq.ft.
-Click Here To Find Out What Your Home Is Worth-
-Click Here To Search Homes For Sale in Anthem, AZ 85086 -
Work with a REALTOR® who understands the Anthem, AZ Real Estate Market E-mail Nancy@NancyLaswick.com or call (602) 793-1627.
Whether you are buying or selling a home in Anthem, AZ 85086 I offer a free customized market report. As an informed buyer or seller you'll make better decisions.
All content in this post is protected by copyright. © Nancy Laswick 2012. All Rights Reserved.
Please Note:All statistics and figures are reported from the Arizona Regional Multiple Listing Service (ARMLS) and/or The Cromford Report and are deemed to be reliable, but cannot be guaranteed for accuracy. It is recommended that any information of special interest be verified through independent sources.
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