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Anthem, AZ Parkside Real Estate Market Report - Jan. '18

By
Real Estate Agent with Long Realty West Valley AZ RE Lic. #SA560004000

The Anthem Parkside real estate market pulled back in January. Home sales were down 22% versus December, and were down 32% year over year.  The average sale price was down 14% from December and up 3% over January 2017. One bright spot, is the average price per square foot increased 5% from December, and was up 12% year over year for the Parkside. The average days on market decreased 32% versus December and was down 21% from January 2017. The inventory of homes on the market is at a 1.96 month’s supply, marking a strong seller's market. The 12 month moving average, $300,560 is up 4% from last year, staying consistent over the past year, but showing signs of stagnation. The number of homes currently on the market is only 66, while the number of homes currently under contract in the Parkside is 69, foretelling a strong February report. 

 

We have been seeing a leveling off in prices here in Anthem over the past year as prices have reached a point where incomes and prices have reached a stasis point.  Smaller homes in the $200,000 to $300,000 price range are moving, and moving fast, which is supported by the average price per square foot increasing but prices remaining flat.

 

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 period ending 1/31/18:

Active Listings: 66

Homes Pending: 69

Homes sold in last 30 days: 28 (Down 24% from Dec. '17, Down 32% from Jan. '17)

Burn rate (Inventory on market / by homes currently under contract) = 1.96 months supply

Avg. Sale price (Solds): $272,992 (Down 14% from Dec.. '18,  Down 3% from Jan.  '17)

Avg. price per sq. ft. (Solds): $145.47 (Up 5% from Dec. '17,  Up 12% from Jan. '17)

Avg. Days on Market (Solds): 50 (Down 32% from Dec. '17, Down 21% from Jan. '17)

Highest Sold: $375,000

Lowest Sold: $223,000

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 for Anthem homes for sale go to: www.JWMurphy.LongRealty.com

 

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