Anthem, AZ Country Club Real Estate Market Report - Mar. 2018

By
Real Estate Agent with Long Realty West Valley AZ RE Lic. #SA560004000
http://activerain.com/droplet/5c9H

 

The Anthem Country Club real estate market took off in March . The total number of homes sold in the Country Club jumped dramatically versus February, up 118%,  and up 32% from March 2017.  The average sale price increased by 7% over February, and was up 22% year over year. The price per square foot also decreased 4% from February but was up 5% year over year.  The days on market increased 28% over February, and up 8% year over year. The burn rate, (or homes under contract versus homes on the market) is now 5.00 month’s supply, shifiting to a buyer's market. The 12 month moving average continues to increase nicely year over year (+9%), now standing at $428,963.  There are now 92 homes on the market in the Club, up 7% from January.  With only 23 homes currently under contract May might see a retraction in overall activity in the Anthem Country Club real estate market.

 

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 numbers for Anthem Country Club through March 2018:

 Active Listings: 92

Homes Pending: 23

Homes sold in last 30 days: 37 (Up 118% from Feb. '18, Up 32% from Mar. '17)

Burn rate (Inventory on market / by homes currently under contract) = 5.00 months supply

Avg. Sale price (Solds): $472,781 (Down 7%. from Feb. '18,  Up 22% from Mar. '17)

Avg. price per sq. ft. (Solds): $164.40 (Down 4% from Feb. '18, Up 5% from Mar. '17)

Avg. Days on Market (Solds): 96 (Down 28% from Feb. '18, Up 8% from Mar. '17)

Highest Sold: $780,000

Lowest Sold: $200,000

To receive a free value analysis for your Anthem home please call Jerry Murphy at 602-334-3757 or e-mail: jwmurphy@longrealty.com

 

Search for other Anthem, AZ homes for sale at: www.AnthemAZhomesforsale.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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