Anthem, AZ Real Estate – Market Report October 2012

The Anthem AZ real estate continues to plow ahead nicely going in to the fall season.  Home sales were off a bit year over year.  The number of homes on the market remained the same as September, only 187, but the year over year average sale price and average price per sq. ft. continue to increase by 15% and 12% respectively.    So things continue to look bright for the Anthem real estate market.

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

Here are the latest stats for the month ending 10/31/12:

Active Listings: 187 (No change from Sept. ’12, Down 9% from Oct.  ’11)

Homes Pending: 141 (Down 8% from Sept.  ’12, Down 21% from Oct. ’11)

Homes sold in last 30 days: 27 (Down 53% from Sept.  ’12, Down 50% from Oct.  ’11)

Burn rate (Inventory on market / by homes currently under contract) =  2 months supply

Avg. Sale price (Solds): $251,029  (Down 4% from Sept.  ’12, Up 19% from Oct. ’11)

Avg. price per sq. ft. (Solds): $101.70 (Down 3% from Sept.  ’12, Up 12% from Oct.  ’11)

Avg. Days on Market (Solds): 74 (Up 3% Sept.  ’12, Down 12% from Oct. ’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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