Anthem, AZ Real Estate – Market Report November 2012

The Anthem AZ real estate is beginning to slow a bit, which is normal heading into the holiday season.  Home sales were off a bit year over year.  The number of homes on the market  declined a bit from October, only 177, but the year over year average sale price and average price per sq. ft. continue to increase by 21% and 8% 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 11/30/12:

Active Listings: 177 (Down 5% from Oct. ’12, Down 16% from Nov.  ’11)

Homes Pending: 126 (Down 11% from Oct.  ’12, Down 17% from Nov. ’11)

Homes sold in last 30 days: 19 (Down 39% from Oct.  ’12, Down 49% from Nov.  ’11)

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

Avg. Sale price (Solds): $242,316  (Down 3% from Oct.  ’12, Up 21% from Nov. ’11)

Avg. price per sq. ft. (Solds): $99.62 (Down 2% from Oct.  ’12, Up 8% from Nov.  ’11)

Avg. Days on Market (Solds): 81 (Up 9% Oct.  ’12, Up 21% from Nov. ’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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