Anthem, AZ Real Estate Report – December 2014

 Picture of 41602 N. Emerald Lake Dr.

 The Anthem real estate market closed out 2014 a bit weaker than 2013.  44 homes sold, slightly more than November but 20% less than last year.  Both the average sale price for those homes and the average price per square foot fell as well.  This continued a flattening trend in the Anthem market throughout 2014.  The current number of homes for sale is 206, with 76 homes currently under contract.  This translates to a “Burn Rate” (amount of time it would take to sell all the actively listed homes at the current rate of sales) of 3.71 months, a slight buyer’s edge.  The 12 month moving average sale price is $298,526, which is 8% greater than last year.

Here are all the numbers for December 2014:

                                              Dec. ’14          Nov. ’14          Dec. ’13                  Dec. ’14 vs.                       Dec. ’14 vs.

Nov. ’14                             Nov. ’13

Homes Sold                             44                     43                  55                             +2%                                    -20%

Avg. Sale Price                $284,484           $308,113         $310,063                       -8%                                     -8%

Sale/List Price %                 98%                  98%                   98%                           —                                          —

Avg. Price per Sq. Ft.      $124.08             $128.72          $126.23                         -4%                                      -2%

Days on Market                    87                      83                     69                           +5%                                    +26%

Highest Sold                    $690,000          $750,000         $700,000

Lowest Sold                     $135,000           $150,800         $135,000

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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