Anthem, AZ Real Estate Market Report - Dec. 2017

By
Real Estate Agent with Long Realty West Valley AZ RE Lic. #SA560004000
https://activerain.com/droplet/598X

 

The Anthem real estate market bumped up slightly in December. The total number of homes sold increased 23% from November, but was down 12% from December 2016.  However, the average sale price decreased 5% from November and was up 20% year over year.  The price per square foot increased by 2% over November and up 3% year over year.  The 12 month moving average ($327,171) continues to remain flat month over month and is now up 5% from last year.   The days on market decreased, now standing at 71 days, down 30% versus November, dwon 5% from December 2016. The burn rate, (or homes under contract versus homes on the market) is now about 3.08 month’s supply, back to a more balanced market.  There are now 135 homes on the market in Anthem, and 65 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 month ending 12/31/17:

Active Listings: 135 (Down 1% from Nov. '17, Down 25% from Dec. '16)

Homes Pending: 65 Up 2% from Nov. '17, Down 22% from Dec. 16)

Homes sold in last 30 days: 49 (Up 23% from Nov. '17, Down 12% from Dec. '16)

Burn rate (Inventory on market / by homes currently under contract) = 3.08 months supply

Avg. Sale price (Solds): $347,303 (Down 5% from Nov. '17,  Up 20% from Dec. '16)

Avg. price per sq. ft. (Solds): $146.00 (Up 2% from Nov. '17,  Up 3% from Dec. '16)

Avg. Days on Market (Solds): 71 (Down 30% from Nov. '17, Up 5% from Dec. '16)

Highest Sold: $717,000

Lowest Sold: $225,000

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

 

To search 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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Rainmaker
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Lise Howe
Keller Williams Capital Properties - Washington, DC
Assoc. Broker and Attorney Licensed in DC, MD, VA,

Thanks for your market report - I love reading what is going on in Anthem AZ

Jan 07, 2018 02:50 PM #1
Rainmaker
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Jeremy K. Frost
Keller Williams Realty - Dripping Springs, TX
Associate Broker, CNE, CRS, ePro, PSA

Thank you for keeping us posted and up to date. Best of luck!

Jan 07, 2018 04:50 PM #2
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Rainmaker
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Jerry Murphy, CRS, SRES

Anthem, Phoenix, and Scottsdale AZ Real Estate
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