Anthem, AZ Real Estate – Market Report Country Club November 2013

Picture of 3215 W Hazelhurst

 

Happy Holidays!!!  And the joy continues in the Anthem Country Club real estate market.  Albeit tempered a bit. November brought a continued upswing in sales, however  the number of homes actively on the market increased as well, now standing at 86.  In turn, the burn rate (the time it would take to sell the existing inventory) also increased to 5 ½ months.  The highest level we’ve seen in quite a while.  The average sale price increased for the month, but the price per square foot drifted downward.  The twelve month moving average is 9% above the same period last year, continuing a strong trend that has now lasted almost two years, but the increases are starting to taper off. Days on market also increased quite a bit, but that’s to be expected as we enter the holiday season.

Here’s to hoping you and yours have a wonderful Holiday Season.

Now here are the numbers for the Country Club through November 2013:

                           Nov. ‘13       Oct. ’13     Nov. ’12   Oct. v. Sept. ’13   Oct. v. Oct. ‘12

Sold                         14                    9                 4               +56%                     +250%

Avg. Sale Price   $329,750    $324,000      $338,250         +2%                   +3%

Avg. List Price    $339,036    $332,467      $355,935          +2%                   -5%

Sale Price/List Price       97%           98%              94%       -1%                      +3%

Price per Sq. Ft.  $142.12      $151.96         $126.78            -6%                    +12%

Days on Market      113               73                 115                +55%                     -2%

Highest Sold        $565,000    $470,000      $610,000

Lowest Sold         $185,000    $206,000      $202,500

If ever you have any questions about the Anthem real estate market, or would like to get a free market analysis for your home, please give me a call at 602-334-3757 or e-mail: jwmurphy@longrealty.com

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

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