Anthem, AZ Real Estate Market Report July 2014 – Country Club

View of New River, AZ to the North

View of New River, AZ to the North

 

The Anthem Country Club real estate market had a little down tick in August, but the average sale price increased over July. The better indicator is the year over year comparisons. The August 2014 average sale price was off 2% from a year ago. Also noteworthy is the Sale/List price is down 2% from a year ago. The 12 month moving average, which now stands at $401,456, barely nudged up over the last reading and is currently up 10% over last year. The days on market increased dramatically over July, much higher than a year ago. This, along with the continued decline in the sale/list price ratio, indicate that many homeowners whose homes have been on the market. are willing to reduce their prices and negotiate on said price as well. The number of homes currently on the market stands at 73, a 14% decrease from July, and only 4% greater than last year, possibly the result of sellers pulling their homes off the market, waiting for the market to improve. The number of homes currently under contract in the Country Club is 13.

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Here are the numbers for the Anthem Country Club for Aug:

  Aug. ’14 July ’14 Aug. ’13 Aug. vs  July ’14
Sold 20 24 10 -17% +100%
Avg. Sale Price $400,626 $382,295 $406,740 +5% -2%
Avg. List Price $418,211 $397,664 $418,040 +5%
Sale/List Price 96% 96% 98% -2%
Price Per Sq. Ft. $145.13 $140.52 $145.58 +3%
Days on Market 153 102 82 +50% +87%
Highest Sold $725,000 $665,000 $635,000 . .
Lowest Sold $162,500 $180,000 $189,500 . .

 

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

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