The Anthem Country Club real estate market continued to plateau in February. The total number of homes sold in the Country Club was down 41% versus January and was also down 6% from February 2018. The average sale price increased by 5% over January, but was down 11% from February 2018. The price per square foot also fell 2% from January and was down 4% year over year. But more importantly for the sixth month in a row the 12 month moving average slipped, now at $420,171, down 1% from January and now only up 1% from February 2018. The days on market increased 12% from January and was up 36% year over year. The burn rate, (or homes under contract versus homes on the market) is now 3.45 month’s supply, a slight buyer's market. There are 76 homes on the market in the Club, with 31 homes currently under contract. March will probably be a bit better than February in the Anthem Country Club real estate market, but probably not by much.
If you'd like to discuss the prospect of selling your Anthem Country Club and your various options please call me at 602-334-3757
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Here are the numbers for Anthem Country Club through February 2019:
Active Listings: 76
Homes Pending: 31
Homes sold in last 30 days: 16 (Down 41% from Jan. '19, Down 6% from Feb. '18)
Burn rate (Inventory on market / by homes currently under contract) = 3.45 months supply
Avg. Sale price (Solds): $393,155 (Up 5%. from Jan. '19, Down 11% from Feb. '18)
Avg. price per sq. ft. (Solds): $162.91 (Down 2% from Jan. '19, Down 4% from Feb. '18)
Avg. Days on Market (Solds): 102 (Up 12% from Jan. '19, Up 36% from Feb. '18)
Highest Sold: $563,000
Lowest Sold: $250,000
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