Anthem, AZ Market Report 2nd Qtr 2016 - Parkside

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

The 2nd quarter of 2016 saw a dramatic uptick in activity for the  Anthem Parkside real estate market. Home sales were up 54% over the 1st quarter of 2016, just about the same as last year.  The average sale price also rose significantly from the 1st quarter and 10% year over year.  The average price per square foot increased a more modest 2%  over the 1st quarter and 6% year over year, keeping up the overall upward trend in Parkside.  The average days on market is down 4% year over year and the inventory of homes on the market is at 2.53 month’s supply, signifying a modest seller’s market. Continuing our years long trend, the 12 month moving average, $274,458  is up 4% from last year.  The number of homes currently on the market is 118, 15% more than last year. And the number of homes currently under contract in the Parkside is 77, up 5% from last year.

 

If you ever have any questions about the Anthem real estate market, or would like to get a free market analysis for your home, give me a call at 602-334-3757.

Here are the latest stats for the 2nd Quarter ending 6/30/16:

Active Listings: 118

Homes Pending: 77

Homes sold in last 90 days: 171 (Up 54% from 1st Qtr. '16, Down 1% from 2nd Qtr. '15)

Burn rate (Inventory on market / by homes currently under contract) =  2.53 months supply

Avg. Sale price (Solds): $298,395 (Up 12%. from 1st Qtr. '16,  Up 10% from 2nd Qtr. '15)

Avg. price per sq. ft. (Solds): $131.31  (Up 2% from 1st Qtr '16,  Up 6% from 2nd Qtr. '15)

Avg. Days on Market (Solds): 66 (Down 15% from 1st Qtr.'16, Down 4% from 2nd 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

Like us on Facebook at: https://www.facebook.com/pages/All-About-Anthem-presented-by-Jerry-Murphy/160387230685769

And follow me on Twitter at: JWMIMAZRealtor

 

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Jerry Murphy, CRS, SRES

Anthem, Phoenix, and Scottsdale AZ Real Estate
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