Saturday, 25 November 2017

Anthem, AZ Real Estate Market Report - Oct. 2017

Written by Posted On Sunday, 05 November 2017 23:18

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The Anthem real estate market still remained flat in October. The total number of homes sold increased slightly, 1% from September, and up 1% from October 2016.  However, the average sale price increased 11% from September and was up 7% year over year.  The 12 month moving average ($322,343) continues to remain flat month over month and is now up 3% from last year.  The price per square foot was up 3% over September and was up 7% year over year.  The days on market increased, now standing at 83 days, up 19% versus September, but down 12% from October 2016.  The burn rate, (or homes under contract versus homes on the market) is now about 3.26 month’s supply, back to a more balanced market.  There are now 163 homes on the market in Anthem, and 72 homes pending/under contract, foretelling a weaker November 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 10/31/17:

Active Listings: 163 (Up 6% from Sept. '17, Down 14% from Oct. '16)

Homes Pending: 72 (Down 23% from Sept. '17, Down 22% from Oct. 16)

Homes sold in last 30 days: 74 (Up 1% from Sept. '17, Up 1% from Oct. '16)

Burn rate (Inventory on market / by homes currently under contract) = 3.26 months supply

Avg. Sale price (Solds): $338,987 (Up 11%. from Sept. '17,  Up 7% from Oct. '16)

Avg. price per sq. ft. (Solds): $143.74 (Up 3% from Sept. '17,  Up 7% from Oct. '16)

Avg. Days on Market (Solds): 83 (Up 19% from Sept. '17, Down 12% from Oct. '16)

Highest Sold: $955,000

Lowest Sold: $155,900

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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Originally posted at: http://activerain.com/blogsview/5132825/anthem--az-real-estate-market-report---oct--2017

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