Anthem, AZ Real Estate Market Report - August 2018

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

For the first time in a while both sales activity and prices increased in the Anthem real estate market during August.  The total number of homes sold increased 6% over July, but was down 7% from August 2017.  The average sale price in August was up 11% over July and was up 15% from August 2017.  The price per square foot was down 1% versus July but was up 9% year over year.  And the 12 month moving average ($343,301) was up 1% over July, now up 7% from last year.  Days on market increased, now standing at 68 days, down 3% versus July and down 8% from August 2017. The burn rate, (or homes under contract versus homes on the market) remains at 2.81 month’s supply, still a seller's market.  There are now 159 homes on the market in Anthem, and 88 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 8/31/18:

Active Listings: 159 (Up 1% from July '18, Down 4% from August '17)

Homes Pending: 88 (Down 3% from July '18, Up 4% from August '17)

Homes sold in last 30 days: 85 (Up 6% from July '18, Down 7% from August '17)

Burn rate (Inventory on market / by homes currently under contract) = 2.81 months supply

Avg. Sale price (Solds): $369,996 (Up 11% from July '18,  Up 15% from August '17)

Avg. price per sq. ft. (Solds): $149.59 (Down 1% July '18,  Up 9% from August '17)

Avg. Days on Market (Solds): 68 (Down 3% from July '18, Down 8% from August '17)

Highest Sold: $807,500

Lowest Sold: $215,000

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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Joyce Marsh
Regal | Christie's International Real Estate - Orlando, FL
Regional Manager Regal Christie's Int'l Realty

Jerry, Thanks for updating us on what’s happening to current home and condo values in your real estate market. 

Sep 20, 2018 12:31 AM #1
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Rainmaker
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Jerry Murphy, CRS, SRES

Anthem, Phoenix, and Scottsdale AZ Real Estate
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