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Anthem, AZ Market Report 1st Qtr 2016 - Parkside

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

 

The first quarter of 2016 saw an uptick in activity for the Anthem Parkside real estate market. Home sales were up 8% over the 4th quarter of 2015, but down 21% from last year.  The average sale price dipped a bit from the 4th quarter, but we’re still up 3% year over year.  Meanwhile the average price per square foot increased 3% over the 4th quarter and 10% year over year, signifying that home prices of all sizes are still increasing in the Parkside.  The average days on market is down 25% year over year and the inventory of homes on the market is at 1.97 month’s supply, signifying a strong seller’s market. Continuing our years long trend, the 12 month moving average, $274,459 is up 5% from last year.  The number of homes currently on the market is 89, 19% less than last year. And the number of homes currently under contract in the Parkside is 95, down 6% from last year.

Here are the latest stats for the quarter ending 3/31/16:

Active Listings: 89

Homes Pending: 95

Homes sold in last 30 days: 111 (Up 8% from 4th Qtr. '15, Down 21% from 1st Qtr. '15)

Burn rate (Inventory on market / by homes currently under contract) =  1.94 months supply

Avg. Sale price (Solds): $267,126 (Down 4%. from 4th Qtr. '15,  Up 3% from 1st Qtr. '15)

Avg. price per sq. ft. (Solds): $128.44  (Up 3% from 4th Qtr '15,  Up 10% from 1st Qtr. '15)

Avg. Days on Market (Solds): 78 (Up 4% from 4th Qtr.'15, Down 25% from 1st Qtr.'15)

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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Comments (1)

Lise Howe
Keller Williams Capital Properties - Washington, DC
Assoc. Broker in DC, MD, VA and attorney in DC

Great market report - and great information for first time buyers! Keep up the good work! 

May 16, 2016 12:44 PM