Sunday, 19 November 2017

Anthem, AZ Real Estate Market Report - Sept. 2017

Written by Posted On Monday, 30 October 2017 22:19

The Anthem real estate market remained faily flat in September. The total number of homes sold increased slightly, 4% from August, and up 3% from September 2016.  However, the average sale price decreased 7% from August and remained the same year over year.  The 12 month moving average ($320,367) continues to remain flat month over month and is now up 3% from last year.  The price per square foot was pretty much the same as August  and was up 8% year over year.  The days on market increased, now standing at 70 days, up 32% versus August, but down 14% from September 2016.  The burn rate, (or homes under contract versus homes on the market) is now about 2.66 month’s supply, edging back toward a seller's market.  There are now 154 homes on the market in Anthem, and 93 homes pending/under contract, hopefully leading to a stronger October report.  

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 9/30/17:

Active Listings: 154 (Same as Aug. '17, Down 19% from Sept. '16)

Homes Pending: 97 (Up 14% from July '17)

Homes sold in last 30 days: 73 (Up 4% from Aug. '17, Up 3% from Sept.. '16)

Burn rate (Inventory on market / by homes currently under contract) = 2.66 months supply

Avg. Sale price (Solds): $304,537 (Down 7%. from Aug. '17,  Same as Sept. '16)

Avg. price per sq. ft. (Solds): $139.38 (Same as Aug. '17,  Up 8% from Sept. '16)

Avg. Days on Market (Solds): 70 (Up 32% from Aug. '17, Down 14% from Sept. '16)

Highest Sold: $750,000

Lowest Sold: $168,800

To receive a free value analysis for your Anthem home please call Jerry Murphy at 602-334-3757 or e-mail: This email address is being protected from spambots. You need JavaScript enabled to view it.

To search Anthem homes for sale go to: www.JWMurphy.LongRealty.com

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