Anthem, AZ Real Estate Market Report - Mar. 2018

By
Real Estate Agent with Long Realty West Valley AZ RE Lic. #SA560004000
https://activerain.com/droplet/5c7D

 

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. 

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 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

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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Rainmaker
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Joyce Marsh
Regal | Christie's International Real Estate - Orlando, FL
Regional Manager Regal Christie's Int'l Realty

Real estate market trends are really important to review in this market. Looks like your Arizona market is really heating up. Happy selling! 

May 05, 2018 03:07 AM #1
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Rainmaker
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Jerry Murphy, CRS, SRES

Anthem, Phoenix, and Scottsdale AZ Real Estate
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