Anthem, AZ real estate – Market report Aug. 2011

Activity increased in Anthem for the month of August.  However, the average sale price fell for the first time in three months.  This may just be attributable to more lower priced homes selling, thereby bringing down the average. We’ll watch in coming months to see if it is a trend or an aberration.   Overall for the entire 2011 year, the average sale price is only down 3.1% from a a year ago.   The number of homes on market is inched up again to 171, and  the number of homes currently under contract edged down.  Year over year sales have fallen by 59%. I would still say it looks like the  Anthem real estate market is steadily becoming a seller’s market.  Here are the numbers for August 2011:

Aug. ’11       July ’11        Aug. vs. July      Aug. ’11 vs. ’10

# of homes Sold                          33                   25                  +32%                      -59%

Average Sale Price             $177,186  $249,847             -29%                       -20%

Average List Price             $179,510   $253,762             – 29%                      -21%

Sale Price % of List Price       99%              99%                     None                       +1%

Avg. Price per Sq. Ft.        $82.61         $94.91                    -13%                       -10%

Avg. D.O.M. for Sales             93                 106                        -12%                       -13%

Highest Sale Price         $575,000    $530,000                   +8%                        +5%

Lowest Sale Price           $105,000   $102,000                     +3%                      +6%

To get a free market valuation of YOUR home call Jerry 602-334-3757 or Ben 480-220-8022

For more information about Phoenix, Scottsdale, and Anthem real estate visit www.ArizonaPremiereLiving.com

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