Anthem, AZ Country Club Real Estate Market Report - August 2018

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

Much like the Anthem community as a wholea both price and activity increased in the Anthem Country Club real estate market during August. The total number of homes sold in the Country Club was up 30% over July and up 63% over August 2017.  The average sale price rose by 9% versus July, and was up 15% over August 2017. The price per square foot also rose 1% over July and was up 10% year over year.  The days on market rose 9% versus July, and was up 10% year over year. The burn rate, (or homes under contract versus homes on the market) is now 4.48 month’s supply, still a buyer's market. The 12 month moving average was up 1% over July and 7% year over year, now standing at $432,949.  There are now 80 homes on the market in the Club, up 18% from July.  With 23 homes currently under contract  it looks like September may see a little fall off from August in the Anthem Country Club real estate market.

 

A little note about both the Country Club and the Anthem real estate market in general...the sale price to list price ratio dropped 1% in both cases during August.  Keep an eye on this as this may signal a move to more of a balanced market where buyers have some negotiating room.

 

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 numbers for Anthem Country Club through August 2018:

 Active Listings: 80

Homes Pending: 23

Homes sold in last 30 days: 26 (Up 30% from July '18, Up 63% from Aug. '17)

Burn rate (Inventory on market / by homes currently under contract) = 4.48 months supply

Avg. Sale price (Solds): $437,848 (Up 9%. from July '18, Up 15% from Aug. '17)

Avg. price per sq. ft. (Solds): $159.48 (Up 1% from July '18, Up 10% from Aug. '17)

Avg. Days on Market (Solds): 100 (Up 9% from July '18, Up 67% from Aug. '17)

Highest Sold: $807,500

Lowest Sold: $218,500

To receive a free value analysis for your Anthem home please call Jerry Murphy at 602-334-3757 or e-mail: jwmurphy@longrealty.com

 

Search for other Anthem, AZ homes for sale at: www.AnthemAZhomesforsale.com

 

Like us on Facebook at: https://www.facebook.com/pages/All-About-Anthem-presented-by-Jerry-Murphy/160387230685769

And follow me on Twitter and Instagram 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

Thanks for sharing this snapshot of recent sales and activity and keeping us informed about the changes in your market area. 

Sep 21, 2018 04:45 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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