Anthem, AZ Real Estate Market Report - July 2018

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

 

Home prices dropped while activity ticked up a little in the Anthem real estate market through July.  The total number of homes sold increased 3% over June, but was down 12% from July 2017.  The average sale price in July was down 3% versus June but was up 3% from July 2017.  The price per square foot was unchanged from June but was up 11% year over year.  And the 12 month moving average ($339,346) was flat month over month, now up 6% from last year.  Days on market increased, now standing at 70 days, up 8% versus June and down 5% from July 2017. The burn rate, (or homes under contract versus homes on the market) remains at 2.73 month’s supply, leaning towards a seller's market.  There are now 157 homes on the market in Anthem, and 91 homes pending/under contract.

One notable statistic from July's numbers is that homes that sold did so at full price on average. So a warning to buyers, don't go in with low ball offers if you want to secure a home in Anthem.

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 7/31/18:

Active Listings: 157 (Down 16% from June '18, Down 5% from July '17)

Homes Pending: 91 (Down 6% from June '18, Up 7% from July '17)

Homes sold in last 30 days: 80 (Up 3% from June '18, Down 12% from July '17)

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

Avg. Sale price (Solds): $332,440 (Down 3% from June '18,  Up 3% from July '17)

Avg. price per sq. ft. (Solds): $151.52 (Same as June '18,  Up 11% from July '17)

Avg. Days on Market (Solds): 70 (Up 8% from June '18, Down 5% from July '17)

Highest Sold: $800,000

Lowest Sold: $191,500

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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Jerry Murphy, CRS, SRES

Anthem, Phoenix, and Scottsdale AZ Real Estate
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