The Anthem real estate market really picked up steam in March. The total number of homes sold increased 46% from February, and was up 14% from March 2017. The price per square foot dropped by 2% versus February but was up 4% year over year. The 12 month moving average ($335,751) continues to edge up month over month and is up 6% from last year. The days on market increased slightly, now standing at 80 days, up 14% versus February and up 18% from March 2017. The burn rate, (or homes under contract versus homes on the market) remains at 2.93 month’s supply, leaning back toward a more balanced market. There are now 187 homes on the market in Anthem, and 97 homes pending/under contract.
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Here are the latest stats for the month ending 3/31/18:
Active Listings: 187 (Up 16% from Feb. '18, Down 10% from Mar. '17)
Homes Pending: 97 (Down 8% from Feb. '18, Down 18% from Mar. '17)
Homes sold in last 30 days: 92 (Up 46% from Feb. '18, Down 14% from Mar. '17)
Burn rate (Inventory on market / by homes currently under contract) = 2.93 months supply
Avg. Sale price (Solds): $368,118 (Up 8% from Feb. '18, Up 14% from Mar. '17)
Avg. price per sq. ft. (Solds): $150.77 (Down 2% from Feb. '18, Up 4% from Mar. '17)
Avg. Days on Market (Solds): 80 (Up 14% from Feb. '18, Up 18% from Mar. '17)
Highest Sold: $780,000
Lowest Sold: $155,000
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