Anthem, AZ Real Estate – Market Report February 2013

The Anthem AZ real estate market is continuing it’s strong trend from last year.  Home sales were up for the month of February, but for the first time in a long time, the average sale price fell.  This is probably more a symptom of smaller, less expensive homes selling, rather than some sort of impending trend.  Case in point, the average price per square foot for February was still up 18% over last year.  The number of homes on the market decreased a bit from January, only 163. And the days on market continues to edge down.  Homes are selling much quicker these days.  So things continue to look bright for the Anthem real estate market.

Home owners may want to get an appraisal done on their homes at this point.  If you bought during the downturn and lost equity on your home, thereby forcing you into paying mortgage insurance, you may be eligible now, due to rising home prices, to have the mortgage insurance premium dropped.  Saving you hundreds of dollars per month.

Here are the latest stats for the month ending 2/28/13:

Active Listings: 168 (Down 6% from Jan. ’13, Up 14% from Feb. ’12)

Homes Pending: 163 (Up 19% from Jan.  ’13, Down 27% from Feb. ’12)

Homes sold in last 30 days: 37 (Up 76% from Jan.  ’13, Up 19% from Feb. ’12)

Burn rate (Inventory on market / by homes currently under contract) =  2.03 months supply

Avg. Sale price (Solds): $232,899  (Down 28% from Jan.  ’13, Down 4% from Feb. ’12)

Avg. price per sq. ft. (Solds): $114.09 (Down 11% from Jan.  ’13, Up 18% from Feb. ’12)

Avg. Days on Market (Solds): 71 (Up 3% Jan.  ’13, Down 34% from Feb. ’12)

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

Advertisements

Leave a Reply

Please log in using one of these methods to post your comment:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: