Anthem AZ Real Estate – Market Report Country Club May 2012

The Anthem real estate market, as well as the valley as a whole, continues to maintain its torrid pace.  In the Country Club homes sold in May slipped.  But I think that is due more to the lack of inventory on the market than it is any harbinger of doom. The average sale price decreased as well, which is indicative of smaller homes in the lower prices ranges selling this month versus April. More importantly we continue to see an increase in the price per square foot year over year. Currently there are only 38 homes actively on the market, with 58 under contract, in the Country Club. Great for sellers.  Here are the numbers for the Country Club through May 2012:

 

                May ’12     April ’12      May ’11     May v. Apr. ’12     May v.  May ‘11

 

Sold                     9                13                 25                     -21%                       -187%

Avg.

Sale Price $267,978  $343,231  $276,641            22%                          -3%

Avg.

List Price  $270,178  $354,538  $283,402          -24%                         -5%

Sale Price/

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

Price

per Sq. Ft.      $115.88   $117.41       $112.94            – 1%                         +3%

Days on

Market                119               86                119               +37%                            –

 Highest

Sold               $390,000    $549,000      $610,000

Lowest

Sold                $150,000    $185,000        $94,000

 

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

And to search for Anthem homes for sale visit: JWMurphy.LongRealty.com

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