Anthem, AZ Market Report 2nd Qtr 2016 - Serenity Villas

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



2016 has started out quite well for the Serenity Villas real estate market. The total number of homes sold increased for the 2nd consecutive quarter continuing the long term upward trend in The Villas. The 1st Qtr. saw the days on market for those homes that sold decrease dramatically from the 4th Qtr and last year both. There are two homes on the market in The Villas at this time and the 12 month moving average price continues to edge up, 7% versus 2015. Currently there is 1 home under contract in The Villas. All of these numbers show continued strength in The Villas real estate market.

Here are the latest stats for the 1st Quarter ending 6/30/16:

Active Listings: 3

Homes Pending: 1

Homes sold in last 90 days:  4 (Down 43% from Q1 '16, Down 33% from Q2 '15)

Burn rate (Inventory on market / by homes currently under contract) = 4.00 months supply

Avg. Sale price (Solds): $155,500 (Same as Q1 '16,  Up 10% from Q2 '15)

Avg. price per sq. ft. (Solds): $115.58  (Up 2% Q1 '16,  Up 7% Q2 '15)

Avg. Days on Market (Solds): 26 (Down 28% from Q1 '16, Down 68% from Q2 '15)

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Jerry Murphy, CRS, SRES

Anthem, Phoenix, and Scottsdale AZ Real Estate
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