Anthem, AZ Real Estate – Market Report Country Club October 2012

Happy Thanksgiving! And Anthem home owners have every reason to be thankful this year. The Anthem real estate market continues to be one of the top performing areas in the Valley and has recovered a good portion of the value lost during the housing bust.  The average sale price of homes in the Country Club ramped up again in October versus September.  And year over year we continue to see gains as well.  The 12 month moving average shows that Country Club home prices are up 6% year over year. Currently there are 69 homes actively on the market (sellers are starting to get the news), with 35 under contract, in the Country Club.  Here are the numbers for the Country Club through October 2012:

If you or someone you know are considering purchasing a home in Anthem, now’s the time.

Active Listings: 69  (Up 11% from September  ’12)

Homes Pending: 35 (Up 3% from September  ’12)

Homes sold in last 30 days: 3  (Down 67% from September  ’12, Down 70% from October  ’11)

Burn rate (Inventory on market / by homes currently under contract) =  2.97 months supply

Avg. Sale price (Solds): $370,677  (Up 5% from September ’12,  Up 25% from October  ’11)

Avg. price per sq. ft. (Solds): $123.66  (Down 2% from September  ’12,  Up 6% from October  ’11)

Avg. Days on Market (Solds): 150 (Up 17% from September  ’12, Up 90% from October  ’11)

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

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

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