Anthem, AZ Real Estate Market Report – June 2014

Picture of community park playground

 

The Anthem AZ real estate market picked up a bit in June.  Home sales increased quite a bit,  and prices rose as well.   The 12 month moving average sale price regained its footing and  is still up 9% year over year.  The number of homes on the market bumped up slightly to 270, up 101% over last year.  Days on market also increased to 87,  90 days on market typically signifies a neutral market.  The increase in supply of available homes on the market over the past year will continue to 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 6/30/14:

Active Listings: 270 (Up 1% from May ’14, Up 101% from June ’13)

Homes Pending: 97 (Down 8% from May ’14, Down 22% from June ’13)

Homes sold in last 30 days: 74 (Up 21% from May ’14,  Up 64% from June ’13)

Burn rate (Inventory on market / by homes currently under contract) =  3.78 months supply

Avg. Sale price (Solds): $306,246  (Up 4% from May ’14, Up 23% from June ’13)

Avg. price per sq. ft. (Solds): $124.62  (Up 1% from May ’14, Up 11% from June ’13)

Avg. Days on Market (Solds): 87 (Up 16% from May ’14, Up 24% from June ’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

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: