Anthem AZ real estate – Market report August 2010

The Anthem AZ real estate market has begun to show some signs of cooling off during the hot summer months. The number of homes actively on the market increased a bit more.  And the number of homes that closed in August dipped a bit as well.  This could be due to the end of the first time home buyer tax credit as well as the seasonal end of summer/back to school lull.  For the first time in quite a while we failed to see the average sales price increase. In addition, the number of days on market average increased dramatically to 142 days. Both of these last two statistics may be due to more short sale homes selling.   The burn rate remains at 2 months. Based on these statistics we are still in a full fledged seller’s market in Anthem.  Albeit most sales will be short sales for some time to come as most Anthem home owners have not recovered the lost equity caused by the steep market downturn.

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 8/31/10:

Active Listings:252 (Up 10% from July ’10, Up 36% from August ’09)

Homes Pending: 220 (Down 8% from July ’10, Down 23% over August ’09)

Homes sold in last 30 days: 41 (Down 41% from July ’10, Down 60% from August ’09)

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

Avg. Sale price (Solds): $207,355 (Down 7% from July ’10, Down 8% from August ’09)

Avg. price per sq. ft. (Solds): $89.03 (Down $.79 per Sq. Ft. from July ’10, Down 3% from August ’09)

Avg. Days on Market (Solds): 142 (Up 51 days from July ’10, Up 61 days, 75% from July ’09)

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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