Anthem, AZ Real Estate Market Report - Feb. 2018

By
Real Estate Agent with Long Realty West Valley AZ RE Lic. #SA560004000
https://activerain.com/droplet/5bj9

 

 

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. 

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 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

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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Jerry Murphy, CRS, SRES

Anthem, Phoenix, and Scottsdale AZ Real Estate
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