Anthem, AZ Real Estate Market Report - Dec. 2018

By
Real Estate Agent with Long Realty West Valley AZ RE Lic. #SA560004000
https://activerain.com/droplet/5gP4

 

Home sales were flat and prices rose for the first time in three months in the Anthem real estate market during December.  The total number of homes sold was identical to November, but was up 10% versus December 2017.  The average sale price in December was up 5% from November and virtually the same as December 2017.  The price per square foot increased 1% versus November and was up 7% year over year. The 12 month moving average ($348,647) was also flat versus in November, and is up 7% from last year.  The days on market dropped to 68, down 8% versus November and down 4% from December 2017. The burn rate, (or homes under contract versus homes on the market) decreased a bit to 2.91 month’s supply, a pretty balanced market.  There are now 130 homes on the market in Anthem, and 68 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 12/31/18:

Active Listings: 130 (Down 8% from Nov. '18, Down 4%. Dec. '17)

Homes Pending: 68 (Down 4% from Nov. '18, Up 5% from Dec. '17)

Homes sold in last 30 days: 54 (Same as Nov. '18, Up 10% from Dec. '17)

Burn rate (Inventory on market / by homes currently under contract) = 2.91 months supply

Avg. Sale price (Solds): $347,964 (Up 5% from Nov. '18,  Same as Dec. '17)

Avg. price per sq. ft. (Solds): $155.94 (Up 1% from Nov. '18,  Up 7% from Dec. '17)

Avg. Days on Market (Solds): 68 (Down 8% from Nov. '18, Down 4% from Dec. '17)

Highest Sold: $660,000

Lowest Sold: $179,000

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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Rainer
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Sally Crane
WMS - Unity, WI
Woodland appraisal support.

Thanks for the update, looks like you have a good supply of homes in your area, and you are doing a nice job finding buyers for many of them!

Jan 10, 2019 12:18 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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