Anthem Real Estate – Market Report January 2012

The Anthem real estate market continues to chug along into the new year. note.  The average sales price was down 16% versus December 2011 but this was due to a larger number of homes being sold on the lower end of the price spectrum, as evidenced by the price per sq. ft. holding steady.  The 12 month moving average shows only a slight decrease of 1%.   The number of homes currently on the market continues to diminsh, only 173, less than a two month supply. And the number of homes currently under contract shot up 37% over December.  Year over year sales have fallen by 48%.  But with inventory continuing to shrink, I would still say it looks like the  Anthem real estate market is steadily becoming a seller’s market.  Here are the numbers for January 2012:

Jan. ’12     Dec . ’11       Jan. vs. Dec.   Jan. ’12 vs. ’11

# of homes Sold                             48                35                    +37%                      -48%

Average Sale Price            $189,012   $225,330              -16%                        -13%

Average List Price             $196,057  $227,716               -14%                        -13%

Sale Price % of List Price        97%          100%                     -3%                            -1%

Avg. Price per Sq. Ft.          $94.26         $93.87                 EVEN                       +8%

Avg. D.O.M. for Sales               101                109                     -7%                           -8%

Highest Sale Price              $375,000    $550,000            -32%                       -42%

Lowest Sale Price                $107,500     $96,665              +11%                      +14%

To get a free market valuation of YOUR home call Jerry 602-334-3757 

For more information about Phoenix, Scottsdale, and Anthem real estate visit: www.JWMurphy.LongRealty.com

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