The Anthem Country Club real estate market saw activity delcine and prices increase during September. The total number of homes sold in the Country Club was down 12% versus August but was up 28% over September 2017. The average sale price rose by 13% over August, and was up 30% over September 2017. The price per square foot also rose 8% over August and was up 12% year over year. The days on market rose 14% versus August, and was up 12% year over year. The burn rate, (or homes under contract versus homes on the market) is now 4.81 month’s supply, still a buyer's market. The 12 month moving average was up 2% over August and 10% year over year, now standing at $442,071. There are now 80 homes on the market in the Club, same as August. With 21 homes currently under contract it looks like October may see a continued drop in sales in the Anthem Country Club real estate market.
The combination of the increased days on market and the burn rate leads me to believe that we have peaked in the Anthem Country Club real estate market and may be headed for a correction. If you'd like to discuss the prospect of selling your Anthem Country Club and your various options please call me at 602-334-3757
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 September 2018:
Active Listings: 80
Homes Pending: 21
Homes sold in last 30 days: 23 (Down 12% from Aug. '18, Up 28% from Sept. '17)
Burn rate (Inventory on market / by homes currently under contract) = 4.81 months supply
Avg. Sale price (Solds): $492,735 (Up 13%. from Aug. '18, Up 30% from Sept. '17)
Avg. price per sq. ft. (Solds): $172.99 (Up 8% from Aug. '18, Up 12% from Sept. '17)
Avg. Days on Market (Solds): 114 (Up 14% from Aug. '18, Up 12% from Sept. '17)
Highest Sold: $943,000
Lowest Sold: $207,500
To receive a free value analysis for your Anthem home please call Jerry Murphy at 602-334-3757 or e-mail: email@example.com
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