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 Trick or Treat for a Sweet…..

Trick or Treat for an Anthem Sweet

 

Friday, October 31, the Anthem Community Council (ACC) invites all Anthem businesses and families to enjoy the fourth annual Trick-or-Treat for an Anthem Sweet event!

This free, community-wide, business trick-or-treat event provides a safe, family-friendly environment by encouraging all little ghosts and goblins, Valley-wide, to trick-or-treat store-to-store at Anthem’s commercial properties. Last year, hundreds of kids turned out to trick-or-treat in their spookiest costumes at nearly 70 participating Anthem businesses.

The event, now quickly becoming a family tradition, encourages Anthem businesses to participate in order to enhance their exposure, strengthen potential customer base, and engage with current and future potential customers.

Beginning at 6:30 p.m., residents can visit the ACC Community Center for the annual Monster Ball.

For more information call Jamie Flores at 623-742-4558

 

 

 

 

 

Anthem, AZ Home Sales Week of 10/6/14 – 10/12/14

 

 

Anthem Country Club photo

 

The following Anthem, AZ homes closed escrow during the week of 10/6/14 – 10/12/14:

1719 W OWENS WAY, 2 bedrooms, 2 bathrooms, 1,454 sq. ft., $171,000, Traditional Sale;

3520 W SOUSA CT, 3 bedrooms, 2 bathrooms, 1,672 sq. ft. $193,500, Traditional Sale;

41371 N YORKTOWN TRL, 3 bedrooms, 2 bathrooms, 1,577 sq. ft., $211,000, Traditional Sale;

3530 W SPIRIT LN, 4 bedrooms, 2.5 bathrooms, 2,140 sq. ft., $215,000, Traditional Sale;

2645 W BISBEE WAY, 2 bedrooms, 2 bathrooms, 1,432 sq. ft., $220,000, Traditional Sale;

3424 W INSPIRATION DR, 3 bedrooms, 2 bathrooms, 2,468 sq. ft., Pool, $337,000, Traditional Sale;

40506 N ROLLING GREEN WAY, 4 bedrooms, 2.5 bathrooms, 3,337 sq. ft., Pool, $427,500, 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

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 Sprint Triathlon

 

 

Anthem Sprint Triathlon

The Anthem Sprint Triathlon is this Saturday, Aug. 23rd at the Anthem Community Center.  Start time: 7am for men

The race consists and starts with a 5k run, 20k bike ride, and a 400m swim in the Anthem Community Center pool.

Athletes of all abilities and ages are welcome.

Click on the link below to register:

http://www.4peaksracing.com/events/anthem-sprint-triathlon-2014

 

 

 

 

 

 

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