The Anthem Country Club real estate market continued to retreat in December. The total number of homes sold in the Country Club declined to 18, down 14% from December 2015. The average sale price decreased dramatically from November and December 2015. The 12 month moving average was down 1% month to month and is down 4% from last year, the 4th consecutive month we've seen a decline. The price per square foot decreased by 4% from November and was the same year over year. The burn rate, (or homes under contract versus homes on the market) is now at 5.05 month’s supply, signifying a solid buyer's market. There are now 85 homes on the market in the Club, and 21 homes pending/under contract. Again, if you're thinking of selling your Anthem Country Club 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 12/31/16:
Active Listings: 85
Homes Pending: 21
Homes sold in last 30 days: 18 (Down 5% from Nov. '16, Down 14% from Dec. '15)
Burn rate (Inventory on market / by homes currently under contract) = 5.05 months supply
Avg. Sale price (Solds): $323,777 (Down 29%. from Nov. '16, Down 13% from Dec. '15)
Avg. price per sq. ft. (Solds): $151.87 (Down 4% from Nov. '16, Same as Dec. '15)
Avg. Days on Market (Solds): 91 (Up 12% from Nov. '16, Down 2% from Dec.'15)
Highest Sold: $737,000
Lowest Sold: $198,850
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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