The Anthem Parkside real estate market picked up a bit in February. Home sales shot up 46% from January but were down 18% year over year. The average sale price was up 14% over January and up 11% over February 2017. The average price per square foot increased 2% from January, and was up 11% year over year for the Parkside. The average days on market increased 36% versus January and was down 31% from February 2017. The inventory of homes on the market is at a 2.20 month’s supply, marking a strong seller's market. The 12 month moving average, $303,061 is up 5% from last year, staying consistent over the past year, but showing signs of stagnation. The number of homes currently on the market is only 77, while the number of homes currently under contract in the Parkside is 64, hopefully foretelling a strong March report.
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Here are the latest stats for the period ending 1/31/18:
Active Listings: 77
Homes Pending: 64
Homes sold in last 30 days: 41 (Up 46% from Jan. '18, Down 18% from Feb. '17)
Burn rate (Inventory on market / by homes currently under contract) = 2.20 months supply
Avg. Sale price (Solds): $310,892 (Up 14% from Jan. '18, Down 11% from Feb. '17)
Avg. price per sq. ft. (Solds): $148.26 (Up 2% from Jan. '18, Up 11% from Feb. '17)
Avg. Days on Market (Solds): 68 (Up 36% from Jan. '18, Down 31% from Feb. '17)
Highest Sold: $580,000
Lowest Sold: $210,000
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