The Anthem Country Club real estate market continued to plateau in March, although the month over month numbers looked a little better. The total number of homes sold in the Country Club was up 44% versus February but was down 38% from March 2018. The average sale price increased by 11% over February, but was down 8% from March 2018. The price per square foot rose 1% from February but was virtually the same year over year. But more importantly for the seventh month in a row the 12 month moving average slipped, now at $413,759, down 2% from February and now down 4% from March 2018. The days on market increased 20% from February and was up 27% year over year. The burn rate, (or homes under contract versus homes on the market) is now 2.40 month’s supply, signalling a seller's market but the other numbers don't support that fact. There are 56 homes on the market in the Club, with 40 homes currently under contract. April will probably be a bit better than March in the Anthem Country Club real estate market, but probably not by much.
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Here are the numbers for Anthem Country Club through March 2019:
Active Listings: 56
Homes Pending: 40
Homes sold in last 30 days: 23 (Up 44% from Feb. '19, Down 38% from Mar. '18)
Burn rate (Inventory on market / by homes currently under contract) = 2.40 months supply
Avg. Sale price (Solds): $436,257 (Up 11%. from Feb. '19, Down 8% from Mar. '18)
Avg. price per sq. ft. (Solds): $164.20 (Up 1% from Feb. '19, Same as Mar. '18)
Avg. Days on Market (Solds): 122 (Up 20% from Feb. '19, Up 27% from Mar. '18)
Highest Sold: $710,000
Lowest Sold: $218,000
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