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

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