The Anthem real estate market started the "selling season" fairly strong. However, much like the nation as a whole, Anthem is suffering from an inventory shortage. The number of homes actively on the market is 15% less than this time last year. The sparse supply is driving up the average sale price, which is up 17% over last year. The total number of homes sold increased 31% from January, but was down 7% from February 2017. The price per square foot increased by 4% over January and was up 13% year over year. The 12 month moving average ($330,997) continues to remain flat month over month and is now up 6% from last year. The days on market increased slightly, now standing at 70 days, up 9% versus January and down 33% from February 2017. The burn rate, (or homes under contract versus homes on the market) remains at 2.53 month’s supply, leaning toward a seller's market. There are now 161 homes on the market in Anthem, and 105 homes pending/under contract.
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Here are the latest stats for the month ending 2/28/18:
Active Listings: 161 (Up 7% from Jan. '18, Down 15% from Feb. '17)
Homes Pending: 105 (Up 7% from Jan. '18, Down 12% from Feb. '17)
Homes sold in last 30 days: 63 (Up 31% from Jan. '18, Down 7% from Feb. '17)
Burn rate (Inventory on market / by homes currently under contract) = 2.53 months supply
Avg. Sale price (Solds): $329,493 (Down 1% from Jan. '18, Up 17% from Feb. '17)
Avg. price per sq. ft. (Solds): $153.63 (Up 4% from Jan. '18, Up 13% from Feb. '17)
Avg. Days on Market (Solds): 70 (Up 9% from Jan. '18, Down 33% from Feb. '17)
Highest Sold: $730,000
Lowest Sold: $160,000
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