Anthem, AZ Real Estate – Market Report May 2014

Overlooking one of the Community Park ponds toward the train station

Overlooking one of the Community Park ponds toward the train station

The Anthem AZ real estate market held firm through May.  Home sales decreased ever so slightly, but prices increased a tad.   The 12 month moving average sale price has dipped on a month to month comparison basis for the first time in several months, but is still up 9% year over year.  The number of homes on the market fell slightly to 268, up 96% over last year, continuing downward pressure on price.  Days on market also increased to 75,  90 days on market typically signifies a neutral market.  All of these factors, more supply, less demand put an increasing emphasis on price.  So price still remains the vital factor to getting a home sold in this market.

Here are the latest stats for the month ending 5/31/14:

Active Listings: 268 (Down 6% from April ’14, Up 96% from May ’13)

Homes Pending: 106 (Up 1% from April ’14, Down 35% from May. ’13)

Homes sold in last 30 days: 61 (Down 12% from April ’14,  Up 42% from May ’13)

Burn rate (Inventory on market / by homes currently under contract) =  3.53 months supply

Avg. Sale price (Solds): $295,786  (Up 1% from April ’14, Up 8% from May ’13)

Avg. price per sq. ft. (Solds): $123.71  (Down 2% from April ’14, Up 2% from May ’13)

Avg. Days on Market (Solds): 75 (Down 8% from April ’14, Up 38% from May ’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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