Anthem, AZ Real Estate Market Report May 2014 – Parkside

The Anthem Parkside real estate market slowed down some in May. However, the average price increased markedly.The total number of homes sold in Parkside in May fell off to only 44. There are currently 161homesonthemarketinParkside, a9% increase from April and 96% more than May 2013.Thedaysonmarket decreased to 63, 15% more than a year ago. The12monthmovingaveragepriceisstillwellup,11%versus2013, but continuing to flatten out. Currently there are 73 homes under contract in Parkside. The “Burn Rate” now stands at 3.21 month’s supply, edging ever so slightly to a “Buyer’s Market”.All of these numbers suggest a continuing cooling in the Anthem Parkside real estate market and the Phoenix market as a whole.

Here are the numbers for Anthem Parkside through May 2014:

 

May ’14 Apr. ’14 May ’13 May vs. Apr. ’14 May ’14 vs ’13
Sold 44 51 34 -14% +29%
Avg. Sale Price $276,588 $252,673 $248,840 +9% +11%
Avg. List Price $280,929 $258,043 $253,542 +9% +11%
Sale/List Price 99% 98% 98% +1% +1%
Price Per Sq. Ft. $118.33 $117.99 $111.74 +6%
Days on Market 63 83 55 -24% +15%
Highest Sold $501,000 $535,000 $425,000 . .
Lowest Sold $163,000 $157,000 $155,000 . .

To receive a free market analysis for your Anthem, AZ home please call Jerry Murphy at 602-334-3757 or e-mail: jwmurphy@longrealty.com

 

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