Anthem real estate – Market report April 2012

The Anthem real estate market, as well as the valley as a whole, has really heated up over the past six months.  The number of sold homes spiked up in April, although the average sale price dipped a little.  However, that statistic is volatile from month to month because it is subject to the size of the homes being sold and the price level of those home that do sell in any particular month.  The real tell tell sign of our market improvement is the sale price to list price ratio and the 12 month moving average.  Both have risen lately.  In fact, this is the third consecutive month we’ve seen an increase in the 12 month moving average, signaling a trend in our rising home prices here in Anthem.  Here are the numbers for April 2012:

Apr ’12    Mar ’12    Apr ’11     Apr. v. Mar. ’12     Apr. v. Apr. ‘11

Sold                         50              26               53                    +92%                            -6%

Avg.

Sale Price     $248,469  $259,585  $209,247       –  4%                           +19%

Avg.

List Price      $251,902 $268,569  $214,224         – 6%                            +18%

Sale Price/

List Price         99%               97%              98%              + 2%                             + 1%

Price per

Sq. Ft.                $98.13     $102.00       $88.89           –  4%                            +10 %

Days

on Market          142              131               100              + 8%                             +42%

Highest Sold   $549,000    $850,000      $509,000

Lowest Sold     $115,500    $116,000        $105,000

If ever you have any questions about the Anthem real estate market, or would like to get a free market analysis for your home, please give me a call at 602-334-3757 or e-mail at jwmurphy@longrealty.com

And to search for other Phoenix/Scottsdale area homes please visit: www.JWMurphy.LongRealty.com

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