Anthem, AZ Real Estate Market Report - September 2018

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

 

Sales fell off while prices increased in the Anthem real estate market during September.  The total number of homes sold decreased 11% versus August, but was up 4% over September 2017.  The average sale price in September was up 1% over August and was up 23% over September 2017.  The price per square foot was virtually the same as August but was up 8% year over year.  And the 12 month moving average ($349,368) was up 2% over August, now up 9% from last year.  Days on market increased, now standing at 81 days, up 19% versus August and up 16% from September 2017. The burn rate, (or homes under contract versus homes on the market) remains at 3.41 month’s supply, heading toward a buyer's market.  There are now 166 homes on the market in Anthem, and 69 homes pending/under contract foretelling a weak October report.

 

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 9/30/18:

Active Listings: 166 (Up 4% from Aug. '18, Up 8% from Sept. '17)

Homes Pending: 69 (Down 22% from Aug. '18, Down 26% from Sept. '17)

Homes sold in last 30 days: 76 (Down 11% from Aug. '18, Up 4% from Sept. '17)

Burn rate (Inventory on market / by homes currently under contract) = 3.41 months supply

Avg. Sale price (Solds): $374,319 (Up 1% from Aug. '18,  Up 23% from Sept. '17)

Avg. price per sq. ft. (Solds): $149.86 (Same as Aug. '18,  Up 8% from Sept. '17)

Avg. Days on Market (Solds): 81 (Up 19% from Aug. '18, Up 16% from Sept. '17)

Highest Sold: $943,000

Lowest Sold: $177,500

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  and Instagram at: JWMIMAZRealtor

close

This entry hasn't been re-blogged:

Re-Blogged By Re-Blogged At
Topic:
Real Estate Market Trends
Location:
Arizona Maricopa County Anthem
Groups:
Almost Anything Goes
Law of Attraction for the REALTOR!
POSITIVE ATTITUDE for the Weary Soul
Arizona Premiere Living
Anthem Homes for Sale
Tags:
arizona
condos
homes for sale
az
realtors
real estate agents
brokers
hgtv
anthem
million dollar listing
country club
real estate
market reports
parkside
the villas
long realty
jerry murphy
property brothers

Post a Comment
Spam prevention
Spam prevention
Post a Comment
Spam prevention

What's the reason you're reporting this blog entry?

Are you sure you want to report this blog entry as spam?

Rainmaker
507,235

Jerry Murphy, CRS, SRES

Anthem, Phoenix, and Scottsdale AZ Real Estate
Ask me a question
*
*
*
*
Spam prevention

Additional Information