Anthem, AZ Real Estate Market Report - May 2018

By
Real Estate Agent with Long Realty West Valley AZ RE Lic. #SA560004000

The Anthem real estate market picked back up in May.  The total number of homes sold increased by 9% over April, and was up 5% from May 2017.  The average sale price of homes that sold in May was up 6% over April and was up 8% from May 2017.  The price per square foot also increased by 3% versus April but was up 2% year over year.  The 12 month moving average ($338,050) increased 1% month over month and is up 7% from last year.  Days on market decreased, now standing at 57 days, down 17% versus April and down 27% from May 2017. The burn rate, (or homes under contract versus homes on the market) remains at 2.73 month’s supply, leaning back toward a more balanced market.  There are now 196 homes on the market in Anthem, and 113 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 5/31/18:

Active Listings: 196 (Down 1% from Apr. '18, Up 14% from May '17)

Homes Pending: 113 (Up 13% from Apr. '18, Down 15% from May '17)

Homes sold in last 30 days: 82 (Up 9% from Apr. '18, Up 5% from May '17)

Burn rate (Inventory on market / by homes currently under contract) = 2.73 months supply

Avg. Sale price (Solds): $345,385 (Up 6% from Apr. '18,  Up 8% from May '17)

Avg. price per sq. ft. (Solds): $150.48 (Up 3% from Apr. '18,  Up 2% from May '17)

Avg. Days on Market (Solds): 57 (Down 17% from Apr. '18, Down 27% from May '17)

Highest Sold: $835,000

Lowest Sold: $165,000

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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Anthony Acosta - ALLATLANTACONDOS.COM
Harry Norman, REALTORS® - Atlanta, GA
Associate Broker

Good day 

Thank you for sharing your great information with us 

Have a great day.

Jun 26, 2018 08:28 PM #1
Rainmaker
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Jeremy K. Frost
Keller Williams Realty - Dripping Springs, TX
Associate Broker, CNE, CRS, ePro, PSA

Thank you for sharing and keeping us up to date. Best of luck!

Jun 27, 2018 07:33 AM #2
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Rainmaker
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Jerry Murphy, CRS, SRES

Anthem, Phoenix, and Scottsdale AZ Real Estate
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