Prices rose but sales activity slipped in the Anthem Country Club real estate market during November. The total number of homes sold in the Country Club was down 6% versus October and was down 12% from Noveber 2017. Marking 3 months in row of declining home sales. The average sale price increased by 5% from October, but was down 22% from November 2017. The price per square foot also fell 3% from October but was up 4% year over year. But more importantly for the third month in a row the 12 month moving average slipped now at $432,032, down 2% from October and up 6% from November 2017. The days on market increased 23% over October, but was down 22% year over year. The burn rate, (or homes under contract versus homes on the market) is now 4.62 month’s supply, now a strong buyer's market. There are 76 homes on the market in the Club, same as October. With 21 homes currently under contract it looks like December might be a bit better than November in the Anthem Country Club real estate market.
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Here are the numbers for Anthem Country Club through November 2018:
Active Listings: 76
Homes Pending: 21
Homes sold in last 30 days: 15 (Down 6% from Oct. '18, Down 12% from Nov. '17)
Burn rate (Inventory on market / by homes currently under contract) = 4.62 months supply
Avg. Sale price (Solds): $401,700 (Up 5%. from Oct. '18, Down 21% from Nov. '17)
Avg. price per sq. ft. (Solds): $164.74 (Down 3% from Oct. '18, Up 4% from Nov. '17)
Avg. Days on Market (Solds): 98 (Up 23% from Oct. '18, Down 22% from Nov. '17)
Highest Sold: $730,000
Lowest Sold: $210,000
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