Anthem, AZ Real Estate Market Report - September 2018
By Jerry Murphy, CRS, SRES, Anthem, Phoenix, and Scottsdale AZ Real Estate
(Long Realty West Valley)
Sales fell off while prices increased in the Anthem real estate market during September. The total number of homes sold decreased 11% versus August, but was up 4% over September 2017. The average sale price in September was up 1% over August and was up 23% over September 2017. The price per square foot was virtually the same as August but was up 8% year over year. And the 12 month moving average ($349,368) was up 2% over August, now up 9% from last year. Days on market increased, now standing at 81 days, up 19% versus August and up 16% from September 2017. The burn rate, (or homes under contract versus homes on the market) remains at 3.41 month’s supply, heading toward a buyer's market. There are now 166 homes on the market in Anthem, and 69 homes pending/under contract foretelli...
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