Anthem, AZ Real Estate Market Report - March 2015

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

 

The Anthem real estate market picked up a bit in March.  The number of homes sold increased dramatically from February and year over year, staying in line with national trends.   The 12 month moving average sale price is still continuing on upward trend, but we are maintaining single digit gains, up 2% from the previous year.  The number of homes on the market increased to 220, 25% less than where we were at the same time last year.  Days on market increased a bit to 94 days in March, 6% greater than last year.  However, homes in the $500k + range are taking a bit longer to sell, 113 days on average.

Here are the latest stats for the month ending 3/31/15:

Active Listings: 220

Homes Pending: 121

Homes sold in last 30 days: 85 (Up 39% from Feb. '15, Up 49% from Mar. '14)

Burn rate (Inventory on market / by homes currently under contract) =  2.82 months supply

Avg. Sale price (Solds): $294,699  (Up 11% from Feb. '15,  Down 8% from Mar. '14)

Avg. price per sq. ft. (Solds): $126.09  (Unchanged from  Mar. '15, Down 4% from Mar. '14)

Avg. Days on Market (Solds): 94 (Down 10% from Mar. '15, Up 6% from Mar. '14)

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

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

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Rainmaker
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Captain Wayne - Rowlett Real Estate School
REcampus Fully Accredited Florida ONLINE & Classroom Training in Destin, Pensacola Florida - Panama City Beach, FL
Rowlett Real Estate School / Owner and Instructor

Thanks for the Market report of what’s happening in your area. I appreciate how these reports help me stay on top of other markets. 

May 06, 2015 11:27 AM #1
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Rainmaker
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Jerry Murphy, CRS, SRES

Anthem, Phoenix, and Scottsdale AZ Real Estate
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