Anthem, AZ Real Estate Market Report - Feb. 2017
By Jerry Murphy, CRS, SRES, Anthem, Phoenix, and Scottsdale AZ Real Estate
(Long Realty West Valley)
The Anthem real estate market showed us a little love in February, but there are still some unsettling signs being posted. The total number of homes sold was up 17% from January, and up 39% over February 2016. The average sale price was down 14% from January and up 4% year over year. The 12 month moving average was flat again month over month, and up only 1% from last year. The price per square foot was also flat versus January and down 1% year over year. The days on market increased dramatically, now standing at 105 days, up 69% from January and up 36% from February 2016. The burn rate, (or homes under contract versus homes on the market) is now about 2.58 month’s supply, still signalling a sellers market. There are now 190 homes on the market in Anthem, and 120 homes pending/under...