Anthem, AZ Real Estate Market Report - Mar. 2018

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

Home sales and prices rose in the Anthem real estate market during March.  The total number of homes sold was up 56% versus February but down 24% year over year.  The average sale price increased by 8% versus February but was flat versus March 2018.  The price per square foot was flat versus February and was up 1% year over year. The 12 month moving average ($348,358) was also flat versus February, and is up 4% from last year.  The days on market slid to 73, down 5% versus February and down 9% from March 2018. The burn rate, (or homes under contract versus homes on the market) decreased again to 2.16 month’s supply, a solid seller's market.  There are now 125 homes on the market in Anthem, and 108 homes pending/under contract foreshadowing another strong month in April.

 

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 3/31/19:

Active Listings: 125 (Down 17% from Feb. '19, Down 33%. Mar. '18)

Homes Pending: 108 (Down 3% from Feb. '19, Up 11% from Mar. '18)

Homes sold in last 30 days: 70 (Up 56% from Feb. '19, Down 24% from Mar. '18)

Burn rate (Inventory on market / by homes currently under contract) = 2.16 months supply

Avg. Sale price (Solds): $336,494 (Up 8% from Feb. '19,  $1,624 from Mar. '18)

Avg. price per sq. ft. (Solds): $152.73 (Flat versus Feb. '19, Up 1% from Mar. '18)

Avg. Days on Market (Solds): 73 (Down 5% from Feb. '19, Down 9% from Mar. '18)

Highest Sold: $710,000

Lowest Sold: $178,000

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

 

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Comments (1)

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.

May 28, 2019 10:38 PM