The Anthem Parkside real estate market continued to flatten in November. The total number of homes sold in the The Parkside declined by 18% from October, but up 11% better than November 2015. The average sale price was up 5% from October but remained pretty much the same year over year. The 12 month moving average increased by was the same as October and up 6% from last year. The price per square foot decreased by 6% from October but remained flat year over year. The days on market continued to increase as well, now standing at 77 days, up 24% over October but down 5% from Novebmer 2015. The burn rate, (or homes under contract versus homes on the market) is now about 2.70 month’s supply, inching toward a buyer's market. There are now 97 homes on the market in the Club, and 40 homes pending/under contract. If you're thinking of selling your Anthem Parkside home I might hold off for a bit and check in here for future reports to determine if this trend continues.
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Here are the latest stats for the quarter ending 11/30/16:
Active Listings: 97
Homes Pending: 57
Homes sold in last 30 days: 40 (Down 18% from Oct. '16, Up 11% from Nov. '15)
Burn rate (Inventory on market / by homes currently under contract) = 2.70 months supply
Avg. Sale price (Solds): $300,190 (Up 5%. from Oct. '16, Same as Nov. '15)
Avg. price per sq. ft. (Solds): $121.71 (Down 6% from Oct. '16, Same as Nov. '15)
Avg. Days on Market (Solds): 77 (Up 24% from Oct. '16, Down 5% from Nov.'15)
Highest Sold: $500,000
Lowest Sold: $185,000
To receive a free market analysis for your Anthem home please call Jerry Murphy at 602-334-3757 or e-mail: jwmurphy@longrealty.com
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Originally posted at: http://www.anthemazhomesforsale.com/general/anthem-az-real-estate-market-report-nov-2016-the-parkside-142/
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