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 – 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 – The Villas October 2013

Photo of exterior

The real estate market continued to move along slowly but steady in the Villas during October.  Currently there are no homes actively on the market, with 1 under contract. Prices continue to climb however.  The 12 month moving average remains strong, showing a 13% increase in price for the Villas, in line with the overall Anthem real estate market.

Long Realty is conducting a food drive through the month of November to support the Foothills Food Bank.  Please drop off a few cans of food or other non-perishable goods if you can spare at our Anthem office, 4215 W. Anthem Way, Ste. 113.  Our office is open between 8AM – 5PM Monday through Friday.  We greatly appreciate your generosity.

Here are the numbers for the Villas through October 2013:

                             Oct. ’13     Sept. ’13      Oct. ’12   Oct. v. Sept. ’13   Oct. v. Oct. ‘12

Sold                          1                  1                   2                    —                             -50%

Avg. Sale Price $132,500     $127,500        $124,500                  +4%                     +6%

Avg. List Price  $135,900      $128,900       $130,000            +5%                       +5%

Sale Price/List Price  97%          99%            96%                 -2%                        +1%

Price per Sq. Ft.    $110.04        $105.90         $98.70               +4%                      +11%

Days on Market          16                 3                 21                +433%                      -24%

Highest Sold          $132,500      $127,500          $125,000

Lowest Sold           $132,500      $127,500           $124,000

If ever you have any questions about the Anthem real estate market, or would like to get a free market analysis for your home, please give me a call at 602-334-3757 or e-mail: jwmurphy@longrealty.com.

Anthem, AZ Real Estate Market Report – Serenity Villas September 2013

Photo of exterior

The real estate market continued to trudge a long in the Villas during September.  Currently there are no homes actively on the market, with 3 under contract. Prices continue to climb however.  The 12 month moving average remains strong, showing a 12% increase in price for the Villas, in line with the overall Anthem real estate market.

Long Realty, as a proud sponsor of the Wounded Warrior Project, will be participating in the upcoming Anthem Veteran’s Day Parade, Saturday, Nov. 9th.  Please come out and join us in supporting our courageous military personnel.

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

Here are the numbers for the Villas through September 2013:

                            Sept. ’13     Aug. ’13      Sept. ’12   Sept. v. Aug. ’13   Sept. v. Sept. ‘12

Sold                          1                  1                   0                    —                            N/A

Avg. Sale Price $127,500     $123,000           $0                  +4%                         N/A

Avg. List Price  $128,900      $129,900       $120,014            -1%                       +7%

Sale Price/List Price  99%          95%            N/A                 +4%                        N/A

Price per Sq. Ft.    $105.90        $102.16         N/A               +4%                       N/A

Days on Market          3                39                 16                -92%                      N/A

Highest Sold          $127,500      $123,000             $0

Lowest Sold           $127,500      $123,000             $0

If ever you have any questions about the Anthem real estate market, or would like to get a free market analysis for your home, please give me a call at 602-334-3757 or e-mail: jwmurphy@longrealty.com.

Anthem, AZ Real Estate Market Report – Aug. 2013 Serenity Villas

The real estate market picked up a little in the Villas for August.  Currently there are 2 homes actively on the market, with 0 under contract, in the Villas. Prices continue to climb however.  The 12 month moving average remains strong, showing a 14% increase in price for the Villas, in line with the overall Anthem real estate market.

Please join us for our Anthem Commerce Park Festival, Saturday, Oct. 5th, 12PM-4PM at our Anthem office, 4215 W. Anthem Way.  We will have food, provided by Rosati’s Pizza, pet tagging and adoption opportunities provided by Anthem Pets and Halo, a jumpy house for the kids, music, and prizes provided by our fellow local vendors.  Watch for our ad in In and Out Magazine.

Here are the numbers for the Villas through August 2013:

                            Aug. ’13     July ’13      Aug. ’12   Aug. v. July ’13   Aug. v. Aug. ‘12

Sold                          1                  0                    2                     N/A                  -50%

Avg. Sale Price $123,000          $0              $122,325              N/A                  +1%

Avg. List Price  $129,900          $0              $122,325               N/A                  +6%

Sale Price/List Price  95%          0%               100%                  N/A                  -5%

Price per Sq. Ft.    $102.16           $0                $89.53                N/A                +14%

Days on Market         39                 0                    16                    N/A               +144%

Highest Sold          $123,000          $0             $129,900

Lowest Sold           $123,000          $0             $114,750

If ever you have any questions about the Anthem real estate market, or would like to get a free market analysis for your home, please give me a call at 602-334-3757 or e-mail: jwmurphy@longrealty.com.

Anthem, AZ Real Estate – Market Report Serenity Villas March 2013

March continued a string of strong performances thus far this year in the Villas.  Currently there’s only 1 home actively on the market, with 2 under contract, in the Villas. Prices flattened out in the Villas relative to February.  But again, the 12 month moving average remains strong showing a 19% increase in price for the Villas, in line with the overall Anthem real estate market.

Pictures are worth a thousand words, especially in the world of real estate.  When listing your home be sure to have the photos taken by a professional photographer.  I do.  It makes a world of difference.  Here are the numbers for the Villas through March 2013

                        Mar. ’13       Feb. ’13        Mar. ’12    Mar. v. Feb. ’13   Mar. v. Mar. ‘13

Sold                       4                   4                     4                         —                       —

Avg. Sale Price $119,750    $119,750         $97,788              -3%                   +19%

Avg. List Price   $116,125    $124,875         $98,162               -2%                  +25%

Sale/List Price        95%             96%            100%                 -1%                      -5%

Price per Sq. Ft.      $96.45      $90.94           $68.99                 +6%                 +40%

Days on Market          84               54               67                   +56%                  +25%

Highest Sold       $125,000     $132,500         $101,500

Lowest Sold        $107,500     $108,000          $91,900

If ever you have any questions about the Anthem real estate market, or would like to get a free market analysis for your home, please give me a call at 602-334-3757

To search Anthem homes for sale please visit: www.JWMurphy.LongRealty.com

Anthem, AZ Market Report – February 2013 Serenity Villas

February saw a significant rise in sales in the Villas.  Currently there are no homes actively on the market, with 3 under contract, in the Villas. Since no condos in the Villas closed escrow in January my analysis is still somewhat limited.  However, the 12 month moving average shows a 20% increase in price for the Villas, in line with the overall Anthem real estate market.

With prices increasing you may want to have an appraisal done on your home. You may have enough equity in your home to avoid paying mortgage insurance thereby saving hundreds of dollars per month.  Here are the numbers for the Villas through February 2013:

                        Feb. ’13       Jan. ’13        Feb. ’12    Feb. v. Jan. ’13   Feb. v. Feb. ‘13

Sold                        4                   0                     0                    N/A                       N/A

Avg. Sale Price   $119,750         N/A             N/A                  N/A                       N/A

Avg. List Price    $124,875         N/A            N/A                   N/A                       N/A

Sale/List Price        96%             N/A            N/A                    N/A                      N/A

Price per Sq. Ft.      $90.94       N/A            N/A                    N/A                      N/A

Days on Market          54               N/A              N/A                 N/A                    N/A

Highest Sold          $132,500         N/A             N/A

Lowest Sold           $108,000         N/A             N/A

If ever you have any questions about the Anthem real estate market, or would like to get a free market analysis for your home, please give me a call at 602-334-3757

To search Anthem homes for sale please visit: www.JWMurphy.LongRealty.com