Anthem, AZ Real Estate Market Report January 2014

Exterior photo of 2611 W. Wayne Ln.

The Anthem AZ real estate market continued to see a slow down as we head into the new year.  Home sales continued to decline, and home prices retreated as well, although the average price per square foot remained about the same.   The 12 month moving average sale price is still up but only by 6% now.  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 increase to 249, creating more of downward pressure on price.  Days on market decreased slightly to 68,  90 days on market typically signifies a neutral market.  Another tell tell sign is the increase in price reductions we are seeing with current listings.  Home sellers will have to be more cognizant of their price point as the year wears on.

Here are the latest stats for the month ending 1/31/14:

Active Listings: 249 (Up 8% from Dec. ’13, Up 39% from Jan. ’13)

Homes Pending: 99 (Up 50% from Dec. ’13, Down 28% from Jan. ’13)

Homes sold in last 30 days: 47 (Down 15% from Dec. ’13,  Down 124% from Jan. ’13)

Burn rate (Inventory on market / by homes currently under contract) =  3.52 months supply

Avg. Sale price (Solds): $287,403  (Down 7% from Dec. ’13, Down 11% as Jan. ’13)

Avg. price per sq. ft. (Solds): $126.47  (Same as Dec. ’13, Down 1% from Jan. ’13)

Avg. Days on Market (Solds): 68 (Down 1% from Dec. ’13, Down 1% from Jan. ’13)

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

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: