Anthem, AZ Market Report 4th Qtr 2015 - Serenity Villas

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



The 4th Qtr continued the momentum experienced in the 3rd Qtr for the Serenity Villas real estate market. The total number of homes sold dropped slightly, but continued the long term upward trend in The Villas. The 4th Qtr. saw the days on market for those homes that sold increase over the 3rd Qtr and last year both, but that’s typical of the 4th Qtr due to the holiday season. There are no homes on the market in The Villas at this time. The 12 month moving average price continues to edge up, 3% versus 2014. And currently there are 3 homes under contract in The Villas. All of these numbers suggest continued strength in The Villas real estate market.


Here are the latest stats for the 4th Quarter ending 12/31/15:

Active Listings: 0

Homes Pending: 3

Homes sold in last 90 days:  6 (Down 14% from Q4 '15, Up 100% from Q4 '14)

Burn rate (Inventory on market / by homes currently under contract) = 1.00 months supply

Avg. Sale price (Solds): $147,500 (Down 3% Q3 '15,  Up 4% from Q4 '14)

Avg. price per sq. ft. (Solds): $111.33  (Up 6% Q3 '15,  Up 10% Q4 '14)

Avg. Days on Market (Solds): 79 (Up 114% from Q3 '15, Up 13% from Q4 '14)

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David Alan Baker Laveen & South Phoenix Realtor
Keller Williams Realty Phoenix - Laveen, AZ
Your local Expert

Nice report for your neck of the woods.  Burn rate, never heard it called that, I've learned something new today.

Mar 09, 2016 09:27 AM #1
Lise Howe
Keller Williams Capital Properties - Washington, DC
Assoc. Broker and Attorney Licensed in DC, MD, VA,

Very informative post - and nicely presented. I always love the market reports on AR for tracking developing trends around the US -

Mar 09, 2016 08:49 PM #2
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Jerry Murphy, CRS, SRES

Anthem, Phoenix, and Scottsdale AZ Real Estate
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