Anthem AZ Real Estate – Market Report March 2012

The Anthem real estate market continues to stay hot.  The number of homes on market continues to decline putting upward pressure on price.  The average sale price, and more importantly the price per sq.ft. are increasing steadily month after month.  If you were waiting to get back into the market now’s the time:  Here are the numbers for March 2012:

Mar. ’12     Feb. ’12     Mar. ’11    3/12. vs. 2/12       3/12 vs. 3/11

Active Listings         128               148              211                  -14%                         -39%

Pending Sales            235               222             233                 +6%                            +1%

Solds                                26                 31               47                  -16%                         -45%

Avg. Sale Price     $259,585   $243,287   $214,718       +7%                       +21%

Avg. List Price      $268,569    $251,142  $217,484       +7%                       +23%

Sale/List %                  97%                98%             99%             – 1%                           -2%

Avg. Price Sq.Ft.    $102.00      $96.36        $87.64        + 6%                       +16 %

Days on Market         131                   107             93               +22%                       +41%

Highest Sold           $850,000    $530,000  $649,000  +60%                       +31%

Lowest Sold             $116,000    $132,000     $91,900    -12%                       +26%

To receive a free market analysis of your Anthem home please call Jerry at 602-334-3757 or e-mail: jwmurphy@longrealty.com

And to search for Anthem, AZ homes please visit: JWMurphy.LongRealty.com

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