Anthem, AZ Real Estate – Market Report Country Club Feb. 2013

The Country Club real estate market took a step backward last month.  It’s probably just an anomaly in a long term upward trend.  We’ll keep our eye on it. The number of homes sold in February decreased slightly from January. The average sale price dropped quite dramatically, but that could be attributable to smaller, less expensive homes selling.  The average price per square foot dropped as well, but it’s still considerably higher than last year.  And more notably, the 12 month moving average increased by 20%.  Currently there are 74 homes actively on the market with 46 under contract, in the Country Club.

If you are paying mortgage insurance because the value of your home slipped below a 20% equity level during the downturn, with rising home prices, you may want to look into refinancing.  You may be able to save yourself hundreds of dollars per month in mortgage insurance costs.   Here are the numbers for the Country Club through February 2013:

                        Feb. ’13       Jan. ’13        Feb. ’12    Feb. v. Jan. ’13   Feb. v. Feb. ‘13

Sold                        10                  12                   14               -17%                     -29%

Avg. Sale Price   $279,200    $416,083      $302,414             -33%                      -8%

Avg. List Price    $286,992    $428,775      $314,593              -33%                      -9%

Sale/List Price        97%            97%              96%                  N/A                       +1%

Price per Sq. Ft.      $123.0      $145.7        $115.48              -16%                      +7%

Days on Market          92                72                 111              +28%                    -17%

Highest Sold          $492,500    $850,000      $530,000

Lowest Sold           $175,000    $220,000      $125,000

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

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

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