Anthem AZ real estate – November 2009 market report

The Anthem AZ real estate market  had a little hiccup in November.  The inventory of homes for sale has increased a bit while the average sales price month over month dropped.  However the year to year decrease in Average Sales Price continues to narrow.  Which tells us the worst is behind us.  The burn rate is still 2 months, and the average days on market is only 73. Based on those statistics we have a traditional seller’s market in Anthem.  Anthem’s housing market looks to be once again on stable footing.  This does not mean we will not see more foreclosures on the market in the forseeable future, but it looks like the bloodbath of the past three years is finally over.  We’ll see how the market holds up through the typically slow holiday season.

Here are the lastest stats for the week ending 11/30/09:

Active Listings: 228 (Up 8% from Oct. ’09)

Homes Pending: 241 (Down 7% from Oct. ’09)

Homes sold in last 30 days: 80 (Down 12% from Oct. ’09, Up 36% over Nov. ’08)

Burn rate (Inventory on market / by homes currently under contract) =  2 months supply

Avg. Sale price (Solds): $212,766 (Down 8% from Oct. ’09, Down 16% from Nov. ’09)

Avg. price per sq. ft. (Solds): $91.35 (Down $2.92 per Sq. Ft. from Oct. ’09, Down 10% from Nov. ’08)

Avg. Days on Market (Solds): 73 (Up 5 days from Oct. 09, Down 38 days, 34% from Nov. ’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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