Anthem, AZ Real Estate Market Report – July 2014

Picture of community park playground

 

The Anthem AZ real estate market flattened out a bit in July.  Home sales edged up a little,  while the average price of homes sold decreased.   The 12 month moving average sale price remained steady at 9% year over year.  The number of homes on the market fell to 242, still up 40% over last year.  The days on market of those homes that did sell increased to 94,  90 days on market typically signifies a neutral market.  More sellers have started to pull their homes from the market thereby reducing the supply of available homes on the market. If this trend continues it will bring the market back to a more neutral status.  That being said, price still remains the vital factor to getting a home sold in this market.

Here are the latest stats for the month ending 7/31/14:

Active Listings: 242 (Down 10% from June ’14, Up 40% from July ’13)

Homes Pending: 90 (Down 7% from June ’14, Down 9% from July ’13)

Homes sold in last 30 days: 76 (Up 3% from June ’14,  Up 23% from July ’13)

Burn rate (Inventory on market / by homes currently under contract) =  3.69 months supply

Avg. Sale price (Solds): $297,152  (Down 3% from June ’14, Up 14% from July ’13)

Avg. price per sq. ft. (Solds): $126.24  (Up 1% from June ’14, Up 9% from July ’13)

Avg. Days on Market (Solds): 94 (Up 8% from June ’14, Up 62% from July ’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, AZ 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: