Anthem, AZ Real Estate Market Report – November 2013

Picture of 40615 N. Copper Basin Trail

The Anthem AZ real estate market slowed down a bit in November.  Home sales fell slightly, and prices declined as well. Even the price per square foot dropped during the past month.   We are still up 11% in average sale price year over year.  And the 12 month moving average sale price is up 12%, as well.  So we’re continuing 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 240 currently active.  Days on market increased as well to 81,  90 days on market typically signifying a neutral market.  November typically marks a slow down in the real estate market due to the holiday season,  but the Anthem real estate market continues to rebound nicely.

Here are the latest stats for the month ending 11/30/13:

Active Listings: 240 (Up 8% from Oct. ’13, Up 36% from Nov. ’12)

Homes Pending: 78 (Down 8% from Oct. ’13, Down 38% from Nov. ’12)

Homes sold in last 30 days: 42 (Down 18% from Oct. ’13,  Up 121% from Nov. ’12)

Burn rate (Inventory on market / by homes currently under contract) =  4.08 months supply

Avg. Sale price (Solds): $268,071  (Down 1% from Oct. ’13, Up 11% from Nov. ’12)

Avg. price per sq. ft. (Solds): $119.96  (Down 3% from Oct. ’13, Up 20% from Nov. ’12)

Avg. Days on Market (Solds): 81 (Up 50% from Oct. ’13, Same as Nov. ’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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