Anthem, AZ Parkside Real Estate Market Report - October 2018

By
Real Estate Agent with Long Realty West Valley AZ RE Lic. #SA560004000
https://activerain.com/droplet/5gd4

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. 

  

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 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: jwmurphy@longrealty.com

 

To search for Anthem homes for sale go to: www.JWMurphy.LongRealty.com

 

Follow me on Instagram: #JerryMurphyIMAZRealtor

 

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Jerry Murphy, CRS, SRES

Anthem, Phoenix, and Scottsdale AZ Real Estate
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