Anthem, AZ Real Estate – Market Report September 2013

Kid's Playground at Anthem Community Park

The Anthem AZ real estate market slowed a bit in September.  Home sales continued a downward trajectory. And prices declined as well.   We are still up 11% in average sale price year over year.  And the 12 month moving average sale price is up 13%, as well.  So we’re starting to see the price increases from year over year statistics narrow a bit, signifying a slow down in price increases.  The number of homes on the market continues to increase with 219 currently active. This increasing supply of homes is starting to put a damper on price increases.  Days on market decreased to 66,  90 days on market typically signifying a neutral market.  Even though September 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 9/30/13:

Active Listings: 219 (Up 13% from Aug. ’13, Up 17% from Sept. ’12)

Homes Pending: 86 (Down 9% from Aug. ’13, Down 44% from Sept. ’12)

Homes sold in last 30 days: 26 (Down 24% from Aug. ’13,  Down 55% from Sept. ’12)

Burn rate (Inventory on market / by homes currently under contract) =  3.55 months supply

Avg. Sale price (Solds): $289,740  (Down 4% from Aug. ’13, Up 11% from Sept. ’12)

Avg. price per sq. ft. (Solds): $120.45  (Down 6% from Aug. ’13, Up 15% from Sept. ’12)

Avg. Days on Market (Solds): 66 (Down 14% from Aug. ’13, Down 8% from Sept. ’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

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: