Anthem, AZ Country Club Real Estate Market Report - Mar. 2018
By Jerry Murphy, CRS, SRES, Anthem, Phoenix, and Scottsdale AZ Real Estate
(Long Realty West Valley)
The Anthem Country Club real estate market took off in March . The total number of homes sold in the Country Club jumped dramatically versus February, up 118%, and up 32% from March 2017. The average sale price increased by 7% over February, and was up 22% year over year. The price per square foot also decreased 4% from February but was up 5% year over year. The days on market increased 28% over February, and up 8% year over year. The burn rate, (or homes under contract versus homes on the market) is now 5.00 month’s supply, shifiting to a buyer's market. The 12 month moving average continues to increase nicely year over year (+9%), now standing at $428,963. There are now 92 homes on the market in the Club, up 7% from January. With only 23 homes currently under contract May might ...