Home sales were up a bit but prices were flat in the Anthem real estate market during January. The total number of homes sold was but was up 9% versus December and up 20% year over year. The average sale price in January was flat versus December and slightly less than January 2018. The price per square foot decreased 2% versus December and was up 4% year over year. The 12 month moving average ($348,902) was also flat versus in December, and is up 4% from last year. The days on market rose to 75, up 10% versus December and up 6% from January 2018. The burn rate, (or homes under contract versus homes on the market) decreased a bit to 3.19 month’s supply, a pretty balanced market. There are now 153 homes on the market in Anthem, and 70 homes pending/under contract.
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Here are the latest stats for the month ending 1/31/19:
Active Listings: 153 (Up 18% from Dec. '18, Up 13%. Jan. '18)
Homes Pending: 70 (Up 3% from Dec. '18, Up 8% from Jan. '18)
Homes sold in last 30 days: 59 (Up 9% from Dec. '18, Up 20% from Jan. '18)
Burn rate (Inventory on market / by homes currently under contract) = 3.19 months supply
Avg. Sale price (Solds): $346,425 (Down $1,539 from Dec. '18, Down $878 from Jan. '18)
Avg. price per sq. ft. (Solds): $152.28 (Down 2% from Dec. '18, Up 4% from Jan. '18)
Avg. Days on Market (Solds): 75 (Up 10% from Dec. '18, Up 6% from Jan. '18)
Highest Sold: $687,000
Lowest Sold: $168,000
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