The Anthem Country Club real estate market was a bit scizophrenic in December. Numbers fell dramatically in some instances from November, but were much better than last December. The total number of homes sold in the Country Club decreased from November, down 24%, and down 28% from December 2016. The average sale price decreased in December, down 15% from November, but up 33% year over year. The price per square foot increased, up 5% from November and was up 9% year over year. The days on market dropped drastically from November, down 52%, and down 33% year over year. The burn rate, (or homes under contract versus homes on the market) is now 4.80 month’s supply, lurching toward a buyer's market. The 12 month moving average continues increase nicely year over year (+8%). There are now 76 homes on the market in the Club, up 17% from November.
All in all the December numbers seem to indicate that the smaller homes were selling, and selling quickly as evidenced by the average price per square foot and the days on market. Keep your eyes here for future developments in the Anthem Country Club.
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Here are the numbers for Anthem Country Club through December 2017:
Active Listings: 76
Homes Pending: 20
Homes sold in last 30 days: 13 (Down 24% from Nov. '17, Down 28% from Dec. '16)
Burn rate (Inventory on market / by homes currently under contract) = 4.80 months supply
Avg. Sale price (Solds): $431,831 (Down 15%. from Nov. '17, Up 33% from Dec. '16)
Avg. price per sq. ft. (Solds): $165.78 (Up 5% from Nov. '17, Up 9% from Dec. '16)
Avg. Days on Market (Solds): 61 (Down 52% from Nov. '17, Down 33% from Dec. '16)
Highest Sold: $717,000
Lowest Sold: $225,000
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