Anthem, AZ Real Estate Market Report August 2014 – Parkside

Picture of community park playground

 

The Anthem Parkside real estate market continued its summer duldrums in August. The average sale price edged up, but the price per square foot remained flat. The total number of homes sold in Parkside in August slipped to 48. There are currently 140 homes on the market in Parkside, a 10%decrease from July and only 14% more than August 2013, right about the time we started seeing the  brakes hit on the torrid market of 2012 and early 2013. . The days on market increased to 69, 7% less than a year ago. The 12 month moving average price is still up, 8% versus the same time last year, but again, we saw no increase in that figure month over month.. Currently there are 52 homes under contract in Parkside. The “Burn Rate” now stands at 3.41 month’s supply, continuing its upward trend over the past year. The only real positive we’re seeing in the Anthem Parkside real estate market is that the number of homes on the market continues to decline, which will start to put upward pressure on prices.

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Here are the numbers for Anthem Parkside through August 2014:

  Aug. ’14 July ’14 Aug. ’14 Aug.  vs. Jul. ’14
Sold 48 52 24 -8% +100%
Avg. Sale Price $264,240 $258,047 $254,396 +2% +4%
Avg. List Price $270,125 $262,634 $257,392 +3% +5%
Sale/List Price 98% 98% 99% -1%
Price Per Sq. Ft. $119.29 $119.72 $120.55 -1%
Days on Market 69 90 74 -23% -10%
Highest Sold $439,000 $515,000 $398,500 . .
Lowest Sold $168,000 $160,000 $150,000 . .

If you ever have any questions about the Anthem real estate market, or would like to get a free market analysis for your home, give me a call at 602-334-3757.

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