Anthem, AZ Real Estate Market Report - Apr. 2018

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

 

The Anthem real estate market pulled back in April.  And the numbers are very similar to those of April 2017. The total number of homes sold dropped by 18% from March, and was down 13% from April 2017.  The average sale price of homes that sold in April was down 11% from March but was almost identical to April 2017.  The price per square foot also dropped by 3% versus March but was up 2% year over year.  The 12 month moving average ($335,850) barely increased month over month and is up 6% from last year.  Days on market decreased, now standing at 69 days, down 14% versus March and up 10% from April 2017. The burn rate, (or homes under contract versus homes on the market) remains at 2.98 month’s supply, leaning back toward a more balanced market.  There are now 198 homes on the market in Anthem, and 100 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 4/30/18:

Active Listings: 198 (Up 6% from Mar. '18, Down 4% from Apr. '17)

Homes Pending: 100 (Up 3% from Mar. '18, Down 22% from Apr. '17)

Homes sold in last 30 days: 75 (Down 18% from Mar. '18, Down 13% from Apr. '17)

Burn rate (Inventory on market / by homes currently under contract) = 2.98 months supply

Avg. Sale price (Solds): $326,695 (Down 11% from Mar. '18,  Same as Apr. '17)

Avg. price per sq. ft. (Solds): $145.63 (Down 3% from Mar. '18,  Up 2% from Apr. '17)

Avg. Days on Market (Solds): 69 (Down 14% from Mar. '18, Up 10% from Apr. '17)

Highest Sold: $587,000

Lowest Sold: $186,400

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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Grant Schneider
Performance Development Strategies - Armonk, NY
Your Coach Helping You Create Successful Outcomes

Good evening Jerry - your market report is comprehensive and full of great information,  I am sure that buyers and sellers appteceateyour information.  

May 29, 2018 09:15 PM #1
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Jeff Dowler, CRS
Solutions Real Estate - Carlsbad, CA
The Southern California Relocation Dude

Hi Jerry

There is some great information here for buyers and sellers. Do you think there is a shift starting to happen?

Jeff

May 29, 2018 09:21 PM #2
Rainmaker
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Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

Good morning Jerry. Thanks for the market update. Enjoy your day!

May 30, 2018 05:00 AM #3
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Jerry Murphy, CRS, SRES

Anthem, Phoenix, and Scottsdale AZ Real Estate
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