Anthem AZ real estate - Market update August '08

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

Sorry I got this one out so late.  But better late than never.  It's also a testament to how busy we've been.

The market continues to remain hot in Anthem.  According to the lastest statistics we are very near what is deemed a balanced market, 5 months supply of homes, approximately 90 days on market to sell homes.  Prices are not yet increasing, but the rate of price decline has backed off considerably.

 Here are the lastest stats for the week ending 8/31/08:

Active Listings: 403

Homes Pending: 98

Homes sold in last 30 days: 78 (Down 4% from July '08, up 214% over August '07)

Burn rate (Inventory on market / by homes sold last 30 days) =  5 months supply

Avg. Sale price (Solds): $270,131 (Down 3% from July '08, Down 20% from August '07)

Avg. price per sq. ft. (Solds): $112.74 (Down $1.37 per Sq. Ft. from July '08, Down 28% from August '07)

Avg. Days on Market (Solds): 108 (Down 35 days, 24% from July 08, Down 23 days, 18% from August '07)

For graphical interpretation of this data please visit: 

For more general information about Anthem visit:

And for more information about myself and my business partner and the Anthem real estate, Phoenix real estate, and Scottsdale real estate markets please visit our website at:



This entry hasn't been re-blogged:

Re-Blogged By Re-Blogged At
ActiveRain Community
The Art Of Marketing You
Millionaire Real Estate Agent Book Club
Almost Anything Goes
Arizona Premiere Living
Anthem Homes for Sale
phoenix real estate
short sales
real estate
reo properties
bank owned properties
living in arizona
anthem az real estate

Post a Comment
Spam prevention
Spam prevention
Post a Comment
Spam prevention

What's the reason you're reporting this blog entry?

Are you sure you want to report this blog entry as spam?


Jerry Murphy, CRS, SRES

Anthem, Phoenix, and Scottsdale AZ Real Estate
Ask me a question
Spam prevention

Additional Information