Anthem, AZ Real Estate Market Report - Feb. 2018

By
Real Estate Agent with Long Realty West Valley AZ RE Lic. #SA560004000

Home sales and prices fell in the Anthem real estate market during February.  The total number of homes sold was down 24% versus January and down 29% year over year.  The average sale price declined by 2% versus January and was flat versus February 2018.  The price per square foot was up 1% versus January and was flat year over year. The 12 month moving average ($349,039) was also flat versus January, and is up 5% from last year.  The days on market rose to 77, up 3% versus January and up 10% from February 2018. The burn rate, (or homes under contract versus homes on the market) decreased dramatically to 2.35 month’s supply, a solid seller's market.  There are now 150 homes on the market in Anthem, and 111 homes pending/under contract foreshadowing a much stronger March report. 

 

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 2/28/19:

Active Listings: 150 (Down 2% from Jan. '19, Down 7%. Feb. '18)

Homes Pending: 111 (Up 59% from Jan. '19, Up 6% from Feb. '18)

Homes sold in last 30 days: 45 (Down 24% from Jan. '19, Down 29% from Feb. '18)

Burn rate (Inventory on market / by homes currently under contract) = 2.35 months supply

Avg. Sale price (Solds): $338,326 (Down 2% from Jan. '19,  Down $1,176 from Feb. '18)

Avg. price per sq. ft. (Solds): $153.44 (Up 1% from Jan. '19,  Flat versus Feb. '18)

Avg. Days on Market (Solds): 77 (Up 3% from Jan. '19, Up 10% from Feb. '18)

Highest Sold: $563,000

Lowest Sold: $179,900

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, all the best to you as you get many of these properties listed and sold.

 

Apr 04, 2019 08:07 PM #1
Rainmaker
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Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

Good morning Jerry. Sounds like thinventory has hit your market. May it end soon. Enjoy your day!

Apr 05, 2019 04:46 AM #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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