Anthem, AZ Real Estate Market Report - Nov. 2018

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

 

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. 

 

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 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

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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Andy Brown-Climer School of Real Estate
The Climer School of Real Estate - Orlando, FL
The Best Real Estate School in Florida

Good luck, great blog, keep it up. I believe that blogging really works. It keeps google happy.

Dec 15, 2018 12:53 PM #1
Rainmaker
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Will Hamm
Hamm Homes - Aurora, CO
"Where There's a Will, There's a Way!"

Hello Jerry keep blogging almost at 500,000 points and it free.  Have a good week.

Dec 15, 2018 07:56 PM #2
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Rainmaker
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Jerry Murphy, CRS, SRES

Anthem, Phoenix, and Scottsdale AZ Real Estate
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