Anthem, AZ Real Estate – Market Report July 2013

The Anthem AZ real estate market continued it’s upward trajectory in July.  Home sales were up significantly from June. And, the average sale and price per square foot continued on their upward trends.  We are up 12% in average sale price year over year.  And the 12 month moving average sale price is up 15%, as well.  The number of homes on the market increased for the first time in a while moving up to 173 currently active. Days on market decreased, and is still far less than the 90 days we typically call a neutral market.  Homes are selling much quicker these days.  So things continue to look bright for the Anthem real estate market.

Here are the latest stats for the month ending 7/31/13:

Active Listings: 173 (Up 29% from June ’13, Up 22% from July ’12)

Homes Pending: 99 (Down 20% from June ’13, Down 44% from July ’12)

Homes sold in last 30 days: 62 (Up 38% from June  ’13,  Up 170% from July ’12)

Burn rate (Inventory on market / by homes currently under contract) =  2.75 months supply

Avg. Sale price (Solds): $260,671  (Up 5% from June  ’13, Up 12% from July ’12)

Avg. price per sq. ft. (Solds): $115.81  (Up 3% from June  ’13, Up 23% from July ’12)

Avg. Days on Market (Solds): 58 (Down 17% from June  ’13, Down 57% from July ’12)

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

And follow us on Twitter: @AllAboutAnthem

Anthem home sales – Week of 8/1/11 – 8/7/11

These are the Anthem homes that closed last week:

41363 N GLOBE CT, 3 bedrooms, 2.5 bathrooms, 1,661 sq. ft., $107,000, Short sale;

43526 N 44TH LN, 3 bedrooms, 2 bathrooms, 2,147 sq. ft., Pool, $165,000, Short sale;

41904 N Alistair WAY, 4 bedrooms, 3.5 bathrooms, 2,981 sq. ft., $375,000, Private seller;

1506 W SILVER PINE DR, 5 bedrooms, 4.5 bathrooms, 4,319 sq. ft., Pool, $575,000, Corporate relocation

For a free market valuation on your home please call Jerry at 602-334-3757 or Ben at 480-220-8022.

And for more information about please visit: Phoenix and Scottsdale area real estatewww.ArizonaPremiereLiving.com

Anthem AZ real estate – Market report for April 2011

April continued the positive streak in the number of homes sold in Anthem.  Again, typical of this time of year.  We’re still quite a bit off of last year’s pace.  That may be explained by the fact that the “bargains” are fastly disappearing from the market.  And there are fewer bank owned homes on the market in Anthem as, therefore buyers are relegated to purchasing short sales, which take much longer to close.  In fact, there are fewer homes PERIOD on the market in Anthem, with only 149 active listings at this time, approaching levels we haven’t seen 2005/06.  Pending sales illustrate this point.  There are currently 245 homes in pending status.  The average sale price is starting to stabilize as well as the bottom of the market.  As you’ll note the lowest priced home/condo sold for $105,000.  As I mentioned previously, the bargain basement homes are becoming a rare breed in Anthem.  So if you’re looking to get a pretty good deal on a home in Anthem, now’s the time to move.

Here are the numbers for April 2011:

                                                                      April ’11        Mar. ’11      Apr. vs. Mar.   Apr. 11 vs. ’10

# of homes Sold                                 53               47              13%             (54%)

Average Sale Price                                $209,247    $214,718           (3%)             (7%)

Average List Price                                 $214,224    $217,484            (1%)            (7%)

Sale Price % of List Price                   98%            99%              (1%)              -%

Avg. Price per Sq. Ft.                        $88.89       $87.64              1%             (4%)

Avg. D.O.M. for Sales                        100              93                  8%              9%

Highest Sale Price                         $509,000     $649,000          (22%)             4%

Lowest Sale Price                          $105,000       $91,900            14%            31%

For more information about Phoenix, Scottsdale, and Anthem real estate click here.