Anthem, AZ Serenity Villas real estate market report - Oct. 2016

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


October stayed consistent with the overall market slow down in the Serenity Villas real estate market. The total number of homes sold remained the same as September, and is down by 67% from Oct. 2015 in The Villas.  The days on market for those homes that sold decreased dramatically from September but up 14% over last year.  There's one home on the market in The Villas at this time and the 12 month moving average price, $151,768 continues to edge up, 4% versus 2015, but is leveling off. Currently there are 3 homes under contract in The Villas.  At this point, considering the numbers in the Anthem Parkside and Anthem Country Club we can say that there's definitely a slow down in the Anthem real estate market.

Here are the latest stats for the 31 days ending 10/31/16:

Active Listings: 1

Homes Pending: 3

Homes sold in last 90 days:  1 (Same as Sept. '16, Down 67% from Oct. '15)

Burn rate (Inventory on market / by homes currently under contract) = 1.33 months supply

Avg. Sale price (Solds): $140,000 (Down 3% from Sept. '16,  Down 6% from Oct. '15)

Avg. price per sq. ft. (Solds): $105.66  (Down 12% from Sept. '16,  Down 3% Oct. '15)

Avg. Days on Market (Solds): 97 (Down 28% from Sept. '16, Up 14% Oct. '15)

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Michelle Carr-Crowe-Top 1% Diamond Certified Real Estate Team Sells Cupertino San Jose Homes-Just Call 408-252-8900
Get Results Team...Just Call (408) 252-8900! - San Jose, CA
Family Helping Families Buy & Sell Homes 40+ Years

Thanks for the market update.

P.S. Thanks for reading and commenting on my blog.

Nov 19, 2016 02:30 PM #1
Gita Bantwal
RE/MAX Centre Realtors - Warwick, PA
REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel

Home buyers and sellers in your market area will appreciate this information.

Dec 03, 2016 04:32 AM #2
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Jerry Murphy, CRS, SRES

Anthem, Phoenix, and Scottsdale AZ Real Estate
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