Anthem AZ Market Report December 2013 – Country Club

Picture of 41602 N. Emerald Lake Dr.

Happy New Year!!!  2013 was quite a year for the Anthem Country Club real estate market.  And December finished it with a bang. The Country Club continued with a steady number of sales, and the number of homes actively on the market decreased a bit, now standing at 79.  In turn, the burn rate (the time it would take to sell the existing inventory) also increased to 6 ½ months.  The highest level we’ve seen in quite a while.  The average sale price increased for the month, as did the average price per square foot.  The twelve month moving average is 8% above the same period last year, so the year over year increases are starting to return to a more historical rate. Days on market decreased, which is a good sign heading into the new year.

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

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

Sold                         13                    14                  11               -7%                      +18%

Avg. Sale Price   $454,385    $329,750      $421,993         +38%                   +8%

Avg. List Price    $465,838    $339,036      $423,273          +37%                   +10%

Sale Price/List Price       98%           97%             100%       +1%                      -2%

Price per Sq. Ft.  $150.53      $142.12         $135.78            +6%                    +11%

Days on Market       90               113                  82                 -20%                    +10%

Highest Sold        $700,000    $565,000      $735,500

Lowest Sold         $170,100    $185,000      $239,000

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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