Anthem, AZ Market Report – January 2015

Picture of 41602 N. Emerald Lake Dr.

The Anthem real estate market started out the new year much the same as we ended 2014, somewhat flat.  The number of homes sold ticked up a bit versus December and a year ago, but prices continued their flattening trend.   The 12 month moving average sale price is still continuing on upward trend, but we are maintaining single digit gains, up 8% from the previous year.  All in all this is not a bad set of circumstances.   The number of homes on the market increased to 227 versus December, but about 9% less than where we were at the same time last year.  Days on market increased significantly,  from 87 days in December to 12o for the month of January.  This is a good sign in that a number of homes that had been on the market a while have sold, probably due to price reductions, getting their homes in line with where the market is.  The market cooled a bit in 2014, but we’re poised to see a nice market here in 2015, with interest rates still at historic lows, home affordability improving, and overall economic momentum increasing. Home sellers will have to be more cognizant of their price point as we continue into our “selling season”.  Homes that are priced right are still selling quickly.

Here are the latest stats for the month ending 1/31/15:

Active Listings: 227 (Up 10% from Dec.’14, Down 9% from Jan. ’14)

Homes Pending: 94 (Up 24% from Dec. ’14, Down 5% from Jan. ’14)

Homes sold in last 30 days: 48 (Up 9% from Dec. ’14,  Up 2% from Jan. ’14)

Burn rate (Inventory on market / by homes currently under contract) =  3.41 months supply

Avg. Sale price (Solds): $287,197  (Up 1% from Dec. ’14, Unchanged versus Jan. ’14)

Avg. price per sq. ft. (Solds): $122.68  (Down 1% from  Dec. ’14, Down 3% from Jan. ’14)

Avg. Days on Market (Solds): 120 (Up 38% from Dec. ’14, Up 76% from Jan. ’14)

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

Like us on Facebook at: https://www.facebook.com/pages/All-About-Anthem-presented-by-Jerry-Murphy/160387230685769

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

Anthem, AZ Real Estate Market Report July 2014 – The Villas

Picture of 42424 N. Gavilan Peak Pkwy. #12102

 

June held steady in the Villas real estate market. One home sold, same as May. Currently there are two homes on the market, but none under contract at this time. The 12 month moving average now stands at $137,708, 16% greater than the previous 12 month period. The Anthem real estate market along with the Phoenix market in general has hit a bit of a lull over the past 9 months. However, there is talk of a lot of pent up demand waiting to be unleashed, so we could start seeing activity pick up soon. .

 

Here are the numbers for The Villas through June 2014:

  June ’14 May ’14 June ’13 Jun vs. May ’14
Sold 1 1 3 -67%
Avg. Sale Price $135,000 $150,000 $125,167 -10% +8%
Avg. List Price $138,000 $159,000 $127,800 -13% +8%
Sale/List Price 98% 94% 98% +4%
Price Per Sq. Ft. $112.13 $111.77 $100.84 +1 +11%
Days on Market 34 18 45 +89% -24%
Highest Sold $135,000 $150,000 $127,000 . .
Lowest Sold $135,000 $150,000 $123,500 . .

 

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 or e-mail: jwmurphy@longrealty.com

Anthem, AZ Real Estate – Market Report May 2014

Overlooking one of the Community Park ponds toward the train station

Overlooking one of the Community Park ponds toward the train station

The Anthem AZ real estate market held firm through May.  Home sales decreased ever so slightly, but prices increased a tad.   The 12 month moving average sale price has dipped on a month to month comparison basis for the first time in several months, but is still up 9% year over year.  The number of homes on the market fell slightly to 268, up 96% over last year, continuing downward pressure on price.  Days on market also increased to 75,  90 days on market typically signifies a neutral market.  All of these factors, more supply, less demand put an increasing emphasis on price.  So price still remains the vital factor to getting a home sold in this market.

Here are the latest stats for the month ending 5/31/14:

Active Listings: 268 (Down 6% from April ’14, Up 96% from May ’13)

Homes Pending: 106 (Up 1% from April ’14, Down 35% from May. ’13)

Homes sold in last 30 days: 61 (Down 12% from April ’14,  Up 42% from May ’13)

Burn rate (Inventory on market / by homes currently under contract) =  3.53 months supply

Avg. Sale price (Solds): $295,786  (Up 1% from April ’14, Up 8% from May ’13)

Avg. price per sq. ft. (Solds): $123.71  (Down 2% from April ’14, Up 2% from May ’13)

Avg. Days on Market (Solds): 75 (Down 8% from April ’14, Up 38% from May ’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 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

And to search for Anthem, AZ homes for sale visit: www. JWMurphy.LongRealty.com

Anthem AZ Home Sales for Week of 4/7/14 – 4/13/14

Picture of 41602 N. Emerald Lake Dr.

 

The following Anthem, AZ homes closed escrow during the week of 4/7/14 – 4/13/14:

40207 N PATRIOT WAY, 4 bedrooms, 2.5 bathrooms, 2,140 sq. ft., $172,400, Short Sale;

3850 W Ashton DR, 3 bedrooms, 2 bathrooms, 1,135 sq. ft., $180,000, Traditional Sale;

3736 W WHITMAN DR, 4 bedrooms, 2.5 bathrooms, 2,220 sq. ft., $185,000, Short Sale;

42630 N 44TH DR, 4 bedrooms, 2 bathrooms, 1,790 sq. ft., $206,000, Traditional Sale;

40527 N ACADIA CT,  3 bedrooms, 2 bathrooms, 1,672 sq. ft., $205,900, Traditional Sale;

3846 W Ashton DR, 4 bedrooms, 2.5 bathrooms, 2,168 sq. ft., $210,000, Traditional Sale;

3876 W RANIER CT, 4 bedrooms, 3 bathrooms, 2,168 sq. ft., Pool, $234,000, Traditional Sale;

42915 N HUDSON CT, 4 bedrooms, 2 bathrooms, 1,894 sq. ft., Pool, $247,000, Traditional Sale;

1729 W Medinah CT, 3 bedrooms, 2 bathrooms, 2,082 sq. ft., $280,000, Bank Owned;

40052 N CURIE CT, 4 bedrooms, 2.5 bathrooms, 2,469 sq. ft., Pool, $355,000, Traditional Sale;

40108 N BLAZE CT, 3 bedrooms, 2.5 bathrooms, 2,805 sq. ft., $359,000, Traditional Sale;

41318 N CONGRESSIONAL DR, 2 bedrooms, 2.5 bathrooms, 2,467 sq. ft., $375,000, Short Sale;

42408 N ASTORIA WAY, 3 bedrooms, 2.5 bathrooms, 2,986 sq. ft., Pool, $549,000, Traditional Sale

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

And to search for available Anthem AZ homes for sale click here.

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

Picture of 2914 W. Plum Hollow

 

March continued to show some stabilization in the Anthem Country Club real estate market. The number of homes sold increased over February, and the average sale price ticked up slightly. The days on market decreased, which might signify that we are on the cusp of a buying wave. We’ll keep an eye on that. Price reductions continue to occur, which puts an emphasis on pricing a home correctly from the outset. The 12 mos. moving average sale price now stands at $377,829, 6% greater than last year. And the median home value over those same 12 months is exactly $350,000. The number of homes currently on the market stands at 125, an 11% increase over February, and the number of homes under contract in the Country Club is 16.

Here are the numbers for the AnthemCountry Club for March:

Mar. ’14                      Feb. ’14                       Mar. ’13             Mar. ’14 v. Feb.         Mar. 14 v. Mar. ’13

Sold 20 17 12 +18% +67%
Avg. Sale Price $444,209 $443,006 $407,958 +9%
Avg. List Price $457,890 $453,829 $420,025 +1% +9%
Sale/List Price 98% 98% 97% +1%
Price Per Sq. Ft. $159.50 $147.46 $148.60 +8% +7%
Days on Market 75 92 76 -18% +1%
Highest Sold $850,000 $760,000 $833,000 . .
Lowest Sold $200,000 $209,000 $183,000 . .

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

And to search for Anthem homes for sale click here.

 

Anthem, AZ Home Sales Week Of: 3/31/14 – 4/6/14

Picture of Hazelhurst home

The following Anthem, AZ homes closed escrow during the week of 3/31/14 – 4/6/14:

43120 N Outer Bank DR, 2 bedrooms, 2 bathrooms, 1,614 sq. ft., $185,000, Traditional Sale;

40119 N BELL MEADOW CT, 3 bedrooms, 2 bathrooms, 1,264 sq. ft., $212,181, Traditional Sale;

1812 W KURALT DR, 4 bedrooms, 2.5 bathrooms, 2,168 sq. ft., $219,999, Traditional Sale;

40214 N COURAGE WAY, 4 bedrooms, 2.5 bathrooms, 2,140 sq. ft., $221,000, Traditional Sale;

3447 W Webster CT, 4 bedrooms, 2.5 bathrooms, 2,318 sq. ft., $230,000, Short Sale;

39824 N BELL MEADOW TRL, 4 bedrooms, 2 bathrooms, 1,827 sq. ft., $232,500, Traditional Sale;

41916 N CELEBRATION CT, 3 bedrooms, 2 bathrooms, 1,822 sq. ft., $238,000, Traditional Sale;

2350 W Clearview TRL, 5 bedrooms, 3 bathrooms, 3,275 sq. ft., Pool, $290,000, Short Sale;

2446 W Muirfield DR, 2 bedrooms, 2 bathrooms, 2,039 sq. ft., $290,500, Traditional Sale;

42007 N EMERALD LAKE DR, 2 bedrooms, 2 bathrooms, 2,174 sq. ft., $310,000, Traditional Sale;

1632 W DION DR, 3 bedrooms,2 bathrooms, 2,082 sq. ft., Pool, $320,000, Traditional Sale;

40607 N PANTHER CREEK TRL, 3 bedrooms, 2 bathrooms, 2,341 sq. ft., Pool, $321,500, Traditional Sale;

42902 N 45TH LN, 4 bedrooms, 3 bathrooms, 3,433 sq. ft., $345,000, Traditional Sale;’

2140 W MUIRFIELD DR, 3 bedrooms, 3 bathrooms, 1,808 sq. ft., Pool, $345,000, Traditional Sale;

40813 N LYTHAM CT, 4 bedrooms, 3 bathrooms,  2,793 sq. ft., Pool, $425,000, Traditional Sale;

40328 N LYTHAM WAY,3 bedrooms, 3.5 bathrooms, 2,981 sq. ft., Pool, $435,000, Traditional Sale;

42111 N Back Creek CT, 3 bedrooms, 2.5 bathrooms, 3,078 sq. ft., $535,000, Traditional Sale  

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

And to search for Anthem, AZ homes click here.