Anthem, AZ Parkside Real Estate Market Report - October 2018

Real Estate Agent with Long Realty West Valley AZ RE Lic. #SA560004000

Home sales dropped but prices continued to rise in the Anthem Parkside real estate market during October. Sales decreased 19% from September and dropped 10% year over year.  The average sale price increased 4% versus September and was up 14% over October 2017.  The average price per square foot increased 4% from September, and was up 14% year over year for the Parkside. The average days on market was down 20% compared to September and was down 7% versus October 2017. The inventory of homes on the market is at a 2.44 month’s supply, still marking a seller's market. The 12 month moving average, $319,747 is up 8% from last year. The number of homes currently on the market slipped to 78, while the number of homes currently under contract in the Parkside is 54, signalling a slightly stronger report in November. 


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Here are the latest stats for the period ending 10/31/18:

Active Listings: 78

Homes Pending: 54

Homes sold in last 30 days: 43 (Down 19% from Sept. '18, Down 10% from Oct.'17)

Burn rate (Inventory on market / by homes currently under contract) = 2.44 months supply

Avg. Sale price (Solds): $339,708 (Up 4% from Sept. '18,  Up 14% from Oct. '17)

Avg. price per sq. ft. (Solds): $153.19 (Up 9% from Sept. '18,  Up 9% from Oct. '17)

Avg. Days on Market (Solds): 52 (Down 20% from Sept. '18, Down 7% from Oct. '17)

Highest Sold: $569,000

Lowest Sold: $226,900

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


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Jerry Murphy, CRS, SRES

Anthem, Phoenix, and Scottsdale AZ Real Estate
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