Anthem, AZ Market Report – April 2013

The Anthem AZ real estate market continues it’s strong performance as we head into the warmer months ahead.  Home sales were up in April along with the average price per square foot, up 26% year over year.  The 12 month moving average sale price is up 20%,  and the number of homes on the market increased slightly from March, but still only 136. Days on market continues to be less than the 90 days we typically call a neutral market.  Homes are selling much quicker these days.  So things continue to look bright for the Anthem real estate market.

Here are the latest stats for the month ending 4/30/13:

Active Listings: 138 (Up 1% from Mar. ’13, Up 23% from Apr. ’12)

Homes Pending: 165 (Down 7% from Mar.  ’13, Down 35% from Apr. ’12)

Homes sold in last 30 days: 43 (Up 16% Mar.  ’13, Down 14% from Apr. ’12)

Burn rate (Inventory on market / by homes currently under contract) =  1.84 months supply

Avg. Sale price (Solds): $286,514  (Down 1% from Mar.  ’13, Up 15% from Apr. ’12)

Avg. price per sq. ft. (Solds): $123.57  (Up 6% from Mar.  ’13, Up 26% from Apr. ’12)

Avg. Days on Market (Solds): 62 (Down 16% from Mar.  ’13, Down 56% from Apr. ’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

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