Anthem, AZ Real Estate Market Report – October 2013

Picture of Hazelhurst home

The Anthem AZ real estate market picked up markedly in October.  Home sales jumped dramatically.  Prices declined but this was due to more smaller, less expensive homes selling, as evidenced by the increase in price per square foot.   We are up 8% in average sale price year over year.  And the 12 month moving average sale price is up 12%, as well.  So we’re starting to see the price increases from year over year statistics narrow a bit, signifying a tapering in price increases.  The number of homes on the market continues to increase with 222 currently active.  Days on market decreased as well to 54,  90 days on market typically signifying a neutral market.  October, may have just been a rebound off a slow September,  but regardless, the Anthem real estate market continues to show strength.

Here are the latest stats for the month ending 10/31/13:

Active Listings: 222 (Up 1% from Sept. ’13, Up 19% from Oct. ’12)

Homes Pending: 85 (Down 1% from Sept. ’13, Down 40% from Oct. ’12)

Homes sold in last 30 days: 51 (Up 96% from Sept. ’13,  Up 89% from Oct. ’12)

Burn rate (Inventory on market / by homes currently under contract) =  3.61 months supply

Avg. Sale price (Solds): $271,351  (Down 6% from Sept. ’13, Up 8% from Oct. ’12)

Avg. price per sq. ft. (Solds): $124.03  (Up 3% from Sept. ’13, Up 22% from Oct. ’12)

Avg. Days on Market (Solds): 54 (Down 18% from Sept. ’13, Down 27% from Oct. ’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

Like us on Facebook at: https://www.facebook.com/pages/All-About-Anthem-presented-by-Jerry-Murphy/160387230685769

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One Response

  1. […] Anthem, AZ Real Estate Market Report – October 2013 | All About … http://allaboutanthem.com/The Anthem AZ real estate market picked up markedly in October. Home sales jumped dramatically. Prices declined but this was due to more smaller, less expensive homes selling, as evidenced by the increase in price per … […]

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