Anthem, AZ Real Estate Market Report - October 2018

By
Real Estate Agent with Long Realty West Valley AZ RE Lic. #SA560004000
https://activerain.com/droplet/5g6g

 

Sales activity and prices dropped in the Anthem real estate market during October.  The total number of homes sold plumetted 24% from September, and was down 22% versus October 2017.  The average sale price in October was down 6% from September but was up 4% over October 2017.  The price per square foot increased 4% versus September and was up 9% year over year.  The increase in price per square foot coupled with the lower average sale price tells us that smaller homes made up the predominace of the sales during October.  The 12 month moving average ($351,290) was up 1% over September, and is up 9% from last year.  The days on market dropped as well to 60, down 26% versus September and down 28% from October 2017. The burn rate, (or homes under contract versus homes on the market) remains at 3.09 month’s supply, a pretty balanced market.  There are now 163 homes on the market in Anthem, and 78 homes pending/under contract. 

 

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 10/31/18:

Active Listings: 163 (Down 2% from Sept. '18, Same as Oct. '17)

Homes Pending: 78 (Up 13% from Sept. '18, Up 8% from Oct. '17)

Homes sold in last 30 days: 60 (Down 26% from Sept. '18, Down 28% from Oct. '17)

Burn rate (Inventory on market / by homes currently under contract) = 3.09 months supply

Avg. Sale price (Solds): $353,513 (Down 6% from Sept. '18,  Down 4% from Oct. '17)

Avg. price per sq. ft. (Solds): $156.56 (Up 4% from Sept. '18,  Up 9% from Oct. '17)

Avg. Days on Market (Solds): 60 (Down 26% from Sept. '18, Down 28% from Oct. '17)

Highest Sold: $740,000

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 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

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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

Thank you very much for your report. It is always good to hear from you. 

Nov 09, 2018 04:54 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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