Anthem AZ real estate - Market update February '09

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

The real estate market in Anthem is starting off much better than we did in 2008.  The number of homes actively on the market fell again.  We saw prices decrease a bit in February, but still the burn rate is down to 2 months now, so based on that statistic we are entering a seller's market in Anthem. Days on market increased a bit, but again, nothing to be alarmed about.

If you or someone you know are considering purchasing a home in Anthem, now's the time.

Here are the lastest stats for the week ending 2/28/09:

Active Listings: 265

Homes Pending: 137

Homes sold in last 30 days: 45 (Even with Jan. '09, up 41% over Feb. '08)

Burn rate (Inventory on market / by homes sold last 30 days) =  2 months supply

Avg. Sale price (Solds): $236,121 (Down 5% from Jan. '09, Down 28% from Feb. '08)

Avg. price per sq. ft. (Solds): $97.15 (Up $1.90 per Sq. Ft. from Jan. '09, Down 31% from Feb. '08)

Avg. Days on Market (Solds): 136 (Up 26 days from Jan. 09, Down 58 days, 30% from Feb. '08)

For graphical interpretation of this data please visit: www.allaboutanthem.com 

For more general information about Anthem visit: www.onlineatanthem.com

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:

http://www.arizonapremiereliving.com/

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Rainer
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David Painter
Keller Williams Realty - Spartanburg, SC

Great post. Floks looking for a home in your area should eat these stats like candy. Good job!

Mar 05, 2009 02:16 PM #1
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Rainmaker
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Jerry Murphy, CRS, SRES

Anthem, Phoenix, and Scottsdale AZ Real Estate
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