Anthem, AZ Real Estate - Market Report Serenity Villas April 2013

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

The Villas continued to perform strongly through April.  The lack of homes on the market continues to be the story.  Currently there’s only 1 home actively on the market, with 1 under contract, in the Villas. Prices continue to climb in the Villas.  Again, the 12 month moving average remains strong, showing a 17% increase in price for the Villas, in line with the overall Anthem real estate market.

With the run up in home prices over the past year more and more home owners are being pulled up from underwater on their mortgages.  Which means more home owners will be listing their homes.  Add to that the ramp up in new home construction and we’re going to see more supply on the market.  In turn prices will flatten out.  Now might be the best time to sell your home.  Here are the numbers for the Villasthrough April 2013:

Here are the latest stats for the month ending 4/30/13:

Active Listings:  1

Homes Pending:  1  (Down 50% from Mar. '13)

Homes sold in last 30 days: 1 (Down 75% from Mar. '13, Down 50% from Apr. '12)

Burn rate (Inventory on market / by homes currently under contract) =  2.00 months supply

Avg. Sale price (Solds): $123,000  (Up 6% from Mar. '13, Up 10% from Apr. '12)

Avg. price per sq. ft. (Solds): $102.16 (Up 6% from Mar. '13, Up 30% from Apr. '12)

Avg. Days on Market (Solds): 29 (Down 65% from Mar. '13,  Up 53% from Apr. '12)

To receive a free market analysis for your Anthem home please call Jerry Murphy at 602-334-3757 or e-mail: jwmurphy@longrealty.com

For more information about Anthem, Arizona please visit: www.AllAboutAnthem.com

And to search Anthem homes for sale please visit: www.JWMurphy.LongRealty.com

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Jerry Murphy, CRS, SRES

Anthem, Phoenix, and Scottsdale AZ Real Estate
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