Home sales declined for the third month in a row and prices dropped for the second month in a row in the Anthem real estate market during November. The total number of homes sold dropped 7% from October, but was up 35% versus November 2017. The average sale price in November was down 6% from October and down 10% from November 2017. The price per square foot decreased 2% versus October and was up 8% year over year. The 12 month moving average ($348,620) dropped 1% from October, and is up 8% from last year. The days on market increased to 74, up 23% versus October and down 27% from November 2017. The burn rate, (or homes under contract versus homes on the market) remains at 3.00 month’s supply, a pretty balanced market. There are now 142 homes on the market in Anthem, and 71 homes pending/under contract.
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Here are the latest stats for the month ending 11/30/18:
Active Listings: 142 (Down 13% from Oct. '18, Up 14%. Nov. '17)
Homes Pending: 71 (Down 9% from Oct. '18, Down 11% from Nov. '17)
Homes sold in last 30 days: 54 (Down 7% from Oct. '18, Up 35% from Nov. '17)
Burn rate (Inventory on market / by homes currently under contract) = 3.00 months supply
Avg. Sale price (Solds): $331,299 (Down 6% from Oct. '18, Down 10% from Nov. '17)
Avg. price per sq. ft. (Solds): $153.72 (Down 2% from Oct. '18, Up 8% from Nov. '17)
Avg. Days on Market (Solds): 74 (Up 23% from Oct. '18, Down 27% from Nov. '17)
Highest Sold: $730,000
Lowest Sold: $210,000
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