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

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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

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.

I will be participating in the 2015 San Francisco to L.A. AIDS LifeCycle ride again next year. If you’re interested in donating to this wonderful cause please visit: www.AIDSLifeCycle.org, click on the “Donate” button and just enter my name in the search box. All donations are greatly appreciated.

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.

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.

I will be participating in the 2015 San Francisco to L.A. AIDS LifeCycle ride again next year. If you’re interested in donating to this wonderful cause please visit: www.AIDSLifeCycle.org, click on the “Donate” button and just enter my name in the search box. All donations are greatly appreciated.

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

Anthem, AZ Real Estate Market Report – April 2014

Picture of community park playground

 

The Anthem AZ real estate market showed some signs of improvement in April.  Home sales increased, however prices declined.   The 12 month moving average sale price is still up by 11%.   The number of homes on the market fell slightly to 284, up 109% over last year, creating more downward pressure on price.  Days on market also decreased to 69,  90 days on market typically signifies a neutral market.  All of these factors, more supply, less demand put an increasing emphasis on price.  So pricing a home correctly from the outset is vital to getting it sold.

Here are the latest stats for the month ending 4/30/14:

Active Listings: 284 (Down 3% from Mar. ’14, Up 109% from Apr. ’13)

Homes Pending: 105 (Up 13% from Mar. ’14, Down 41% from Apr. ’13)

Homes sold in last 30 days: 69 (Up 21% from Mar. ’14,  Up 86% from Apr. ’13)

Burn rate (Inventory on market / by homes currently under contract) =  3.70 months supply

Avg. Sale price (Solds): $292,865  (Down 8% from Mar. ’14, Up 2% from Apr. ’13)

Avg. price per sq. ft. (Solds): $126.43  (Down 3% from Mar. ’14, Up 9% from Apr. ’13)

Avg. Days on Market (Solds): 89 (Down 2% from Feb. ’14, Up 20% from Mar. ’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: 4/14/14 – 4/20/14

Overlooking one of the Community Park ponds toward the train station

Overlooking one of the Community Park ponds toward the train station

The following Anthem, AZ homes closed escrow during the week of 4/14/14 – 4/20/14:

2483 W LEWIS AND CLARK TRL, 3 bedrooms, 2 bathrooms, 1,230 sq. ft., $157,000, Traditional Sale;

2515 W Warren DR, 3 bedrooms, 2 bathrooms, 1,230, $170,000, Traditional Sale;

2639 W Bisbee WAY, 3 bedrooms, 2 bathrooms, 1,135 sq. ft., $171,000, Traditional Sale;

4645 W FORTUNE DR, 3 bedrooms, 2 bathrooms, 1,757 sq. ft., $195,000, Traditional Sale;

3660 W MUIRFIELD CT, 4 bedrooms, 2.5 bathrooms, 1,772 sq. ft., $195,000, Traditional Sale;

43233 N VISTA HILLS DR, 3 bedrooms, 2 bathrooms, 1,432 sq. ft., $205,000, Traditional Sale;

39135 N ACADIA WAY, 5 bedrooms, 3 bathrooms, 2,168 sq. ft., $215,000, Short Sale;

43024 N OUTER BANK DR, 3 bedrooms, 2.5 bathrooms, 2,180 sq. ft., $222,000, Traditional Sale;

41266 N SUTTER LN, 4 bedrooms, 2 bathrooms, 1,890 sq. ft., $240,000, Traditional Sale;

1708 W TWAIN CT, 4 bedrooms, 3 bathrooms, 2,168 sq. ft., Pool, $276,000, Traditional Sale;

41819 N Iron Horse CT, 2 bedrooms, 2.5 bathrooms, 2,368 sq. ft., $292,000, Traditional Sale;

3216 W HAZELHURST LN, 2 bedrooms, 2.5 bathrooms, 2,296 sq. ft., $297,000, Traditional Sale;

40606 N PEALE CT, 4 bedrooms, 2 bathrooms, 2,347 sq. ft., Pool, $310,000, Traditional Sale;

40208 N FAITH LN, 4 bedrooms, 2.5 bathrooms, 2,561 sq. ft., Pool, $335,000, Traditional Sale;

40010 N Lytham WAY, 4 bedrooms, 3.5 bathrooms, 3,304 sq. ft., Pool, $385,000, Traditional Sale;

2946 W SOUSA DR, 5 bedrooms, 3 bathrooms, 3,807 sq. ft., Pool, $410,000, Traditional Sale;

39915 N MAJESTY TRL, 6 bedrooms, 4.5 bathrooms, 4,705 sq. ft., Pool, $535,000, Traditional Sale

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

To search for other Anthem homes for sale just click here.

 

 

 

Anthem, AZ Home Sales Week Of: 3/24/14 – 3/30/14

DSCN2094

 

The following Anthem, AZ homes closed escrow during the week of 3/24/14 – 3/30/14:

42424 N GAVILAN PEAK PKWY 13104, 3 bedrooms, 3 bathrooms, 1,602 sq. ft., $158,000, Traditional Sale;

3429 W STEINBECK DR, 2 bedrooms, 2 bathrooms, 1,217 sq. ft., $163,500, Traditional Sale;

40832 N TRAILHEAD WAY, 3 bedrooms, 2 bathrooms, 1,432 sq. ft., $180,500, Traditional Sale;

4550 W STONEMAN DR, 3 bedrooms, 2 bathrooms, 2,194 sq. ft., $193,500, Traditional Sale;

4629 W COTTONTAIL RD, 4 bedrooms, 2 bathrooms, 1,757 sq. ft., $205,000, Traditional Sale;

42427 N 45TH DR, 3 bedrooms, 2 bathrooms, 2,135 sq. ft., $211,500, Traditional Sale;

3456 W STEINBECK DR, 5 bedrooms, 3 bathrooms, 2,140 sq. ft., Pool, $235,000, Traditional Sale;

3431 W TWAIN CT, 2 bedrooms, 2 bathrooms, 1,910 sq. ft., Pool, $282,000, Traditional Sale;

40128 N HICKCOCK TRL, 4 bedrooms, 3.5 bathrooms, 4,003 sq. ft., $287,500, Lender Owned;

4520 W JUDSON DR, 4 bedrooms, 2.5 bathrooms, 2,912, $325,000, Traditional Sale;

40423 N CAPRA WAY, 6 bedrooms, 4.5 bathrooms, 4,705 sq. ft.,  Pool, $575,000, Traditional Sale;

42305 N CROSSWATER WAY, 4 bedrooms, 4.5 bathrooms, 3,909 sq. ft., $610,000, Traditional Sale;

41821 N LA CROSSE TRL, 5 bedrooms, 4.5 bathrooms, 4,305 sq. ft., Pool, $635,000, Traditional Sale;

2031 W LEGENDS DR, 3 bedrooms, 2.5 bathrooms, 3,475 sq. ft., Pool, $850,000, Traditional Sale

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

And to search for other Anthem homes for sale please visit: www.JWMurphy.LongRealty.com