Anthem, AZ Real Estate Market – March 2014

Picture of 42424 N. Gavilan Peak Pkwy. #12102

 

The Anthem AZ real estate market continued to flatten out in March.  Home sales decreased slightly, while prices edged up a little.   The 12 month moving average sale price is still up by 9%.  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 increased to 294, up 116% over last year, creating more downward pressure on price.  Days on market also decreased to 89,  90 days on market typically signifies a neutral market.  Price reductions are becoming more frequent, so pricing a home correctly from the outset is vital to getting it sold.

Here are the latest stats for the month ending 3/31/14:

Active Listings: 294 (Up 3% from Feb. ’14, Up 116% from Mar. ’13)

Homes Pending: 93 (Down 3% from Feb. ’14, Down 47% from Mar. ’13)

Homes sold in last 30 days: 57 (Down 3% from Feb. ’14,  Up 54% from Mar. ’13)

Burn rate (Inventory on market / by homes currently under contract) =  4.16 months supply

Avg. Sale price (Solds): $319,864  (Up 1% from Feb. ’14, Up 11% as Mar. ’13)

Avg. price per sq. ft. (Solds): $130.77  (Up 4% from Feb. ’14, Up 12% from Mar. ’13)

Avg. Days on Market (Solds): 89 (Down 2% from Feb. ’14, Up 20% from Mar. ’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

And to search for Anthem, AZ homes for sale visit: www. JWMurphy.LongRealty.com

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