Prices AND sales activity plummeted in the Anthem Country Club real estate market during October. The total number of homes sold in the Country Club was down 30% versus September and was down 27% from October 2017. The average sale price dropped by 22% from September, and was down 12% from October 2017. The price per square foot also fell 2% from September but was up 12% year over year. Some good news, the days on market dropped 30% versus September, and was down 42% year over year. The burn rate, (or homes under contract versus homes on the market) is now 3.71 month’s supply, still a buyer's market. And the 12 month moving average was down 1% from September but up 9% year over year, now standing at $439,056. There are 76 homes on the market in the Club, down 5% from September. With 28 homes currently under contract it looks like November might be a bit better than September and October in the Anthem Country Club real estate market.
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
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Here are the numbers for Anthem Country Club through October 2018:
Active Listings: 76
Homes Pending: 28
Homes sold in last 30 days: 16 (Down 30% from Sept. '18, Up 27% from Oct. '17)
Burn rate (Inventory on market / by homes currently under contract) = 3.71 months supply
Avg. Sale price (Solds): $383,706 (Down 22%. from Sept. '18, Down 12% from Oct. '17)
Avg. price per sq. ft. (Solds): $169.23 (Down 2% from Sept. '18, Up 12% from Oct. '17)
Avg. Days on Market (Solds): 80 (Down 30% from Sept. '18, Down 42% from Oct. '17)
Highest Sold: $749,900
Lowest Sold: $229,900
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