Anthem, AZ Real Estate – Market report July 2012 Serenity Villas

The Anthem real estate market, as well as the valley as a whole, continues to remain hot.  Acitivity in the Villas was limited in July, causing some statistical anomalies, ie. days on market. The one home that did sale was a short sale that dates back almost 3 years.  So this transaction skews all the numbers. Currently there are no homes actively on the market, with 6 under contract, in the Villas. This is the lowest level of homes on the market we’ve seen in about 6 years.  Here are the numbers for the Villas through July 2012:

 

         July ’12     June ’12       June ’11       July v. June ’12     July v. July ‘11

 

Sold                                1                  2                      2                             -50%                             -50%

 

Avg. Sale Price   $81,500   $105,000   $97,250                  -22%                             -16%

 

Avg. List Price   $93,000   $105,250   $103,500                -12%                            -10%

 

Sale Price/List Price      88%    100%            94%                     -12%                              -6%

 

Price per Sq. Ft.           $67.47    $87.21     $71.30                 -23%                              -5%

 

Days on Market               952          18                  17                  +5,298                     +5,600%

 

Highest Sold                 $81,500    $105,000     $102,000

 

Lowest Sold                  $81,500    $105,000       $92,500

 

Just a reminder, the Debt Forgiveness Act expires Dec. 31st.  If you are in a short sale position and do not want to be hit with a tax liability on the sale of your home, please give me a call to discuss your options.

 

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.

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