Anthem, AZ Country Club Market Report: 1st Qtr 2015

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

The first quarter of 2015 finished with a bit of a whimper in the Anthem Country Club real estate market. Home sales are off slightly from the same time last year as we head into the prime “selling season”. The drop in the average sale price year over year (-6%) tells me that the smaller, less expensive homes are selling, dragging the average down.  Homes in the $500k + range are taking a bit longer to sell these days.  However, the average price per square foot did increase, ever so slightly.  But, the average days on market of those homes that did sell is up by a third over the same time last year. The 12 month moving average, $392,505 is up 4% over the same time last year, which is about at historic norms.  The number of homes currently on the market is 117, down about 6% from last year. And the number of homes currently under contract in the Country Club is 32, twice as many as last year same time.

Here are the latest stats for the 1st Quarter ending 3/31/15:

Active Listings: 117

Homes Pending: 32

Homes sold in last 30 days: 47 (Up 18% from 4th Qtr. '14, Down 6% from 1st Qtr. '14)

Burn rate (Inventory on market / by homes currently under contract) =  4.66 months supply

Avg. Sale price (Solds): $367,077  (Down 11% from 4th Qtr '14,  Down 15% from 1st Qtr. '14)

Avg. price per sq. ft. (Solds): $152.79  (Up 6% from 4th Qtr. '14, Up 1% from 1st Qtr. '14)

Avg. Days on Market (Solds): 105 (Down 22% from 4th Qtr. '14, Up 33% from 1st Qtr. '14)

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Jerry Murphy, CRS, SRES

Anthem, Phoenix, and Scottsdale AZ Real Estate
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