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
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