Anthem, AZ Real Estate Market Report - March 2017

By
Real Estate Agent with Long Realty West Valley AZ RE Lic. #SA560004000
https://activerain.com/droplet/52F6

 

The Anthem real estate market picked up a bit in March. The total number of homes sold was up 19% from February, and up 9% over March 2016.  The average sale price was up 11% from February and up 14% year over year.  The 12 month moving average moved up slightly month over month (1%), and up 3% from last year.  The price per square foot also rose versus February and was up 9% year over year. The days on market dropped dramatically, now standing at 68 days, down 35% from February and down 34% from March 2016. The burn rate, (or homes under contract versus homes on the market) is now about 2.74 month’s supply, still signalling a sellers market.  There are now 207 homes on the market in Anthem, and 119 homes pending/under contract.  

Download my mobile app at: LongRealtyapp.com/JerryMurphy  to search for homes for sale, or just to find out what price that home down the street is listed.

Here are the latest stats for the quarter ending 3/31/17:

Active Listings: 207

Homes Pending: 119

Homes sold in last 30 days: 81 (Up 19% from Feb. '17, Up 9% from Mar. '16)

Burn rate (Inventory on market / by homes currently under contract) = 2.74 months supply

Avg. Sale price (Solds): $322,533 (Up 11%. from Feb. '17,  Up 14% Mar.. '16)

Avg. price per sq. ft. (Solds): $144.67 (Up 7% from Feb.. '17,  Up 9% from Mar. '16)

Avg. Days on Market (Solds): 68 (Down 35% from Feb. '17, Down 34% from Mar.'16)

Highest Sold: $760,000

Lowest Sold: $180,000

To receive a free market analysis for your Anthem home please call Jerry Murphy at 602-334-3757 or e-mail: jwmurphy@longrealty.com

 

To search for Anthem homes for sale go to: 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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