Anthem, AZ Real Estate Market Report – August 2013

The Anthem AZ real estate market continued it’s upward price trajectory in August.  Home sales were down significantly from July. However, prices continue to increase.   We are up 33% in average sale price year over year.  And the 12 month moving average sale price is up 15%, as well.  The number of homes on the market continues to increase with 194 currently active. This increasing supply of homes will start to put a damper on price increases in the coming months.  Days on market increased to 77,  90 days on market typically signifying a neutral market.  Even though August showed some signs of slowing, things continue to look bright for the Anthem real estate market.

Here are the latest stats for the month ending 8/31/13:

Active Listings: 194 (Up 12% from July ’13, Up 29% from Aug. ’12)

Homes Pending: 94 (Down 5 from July ’13, Down 39% from Aug. ’12)

Homes sold in last 30 days: 34 (Down 45% from July  ’13,  Down 6% from Aug. ’12)

Burn rate (Inventory on market / by homes currently under contract) =  3.06 months supply

Avg. Sale price (Solds): $300,759  (Up 15% from July  ’13, Up 33% from Aug. ’12)

Avg. price per sq. ft. (Solds): $128.11  (Up 11% from July  ’13, Up 23% from Aug. ’12)

Avg. Days on Market (Solds): 77 (Up 33% from July  ’13, Up 5% from Aug. ’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

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

And follow us on Twitter: @AllAboutAnthem

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