Anthem AZ Real Estate - Market Report March 2011

By
Real Estate Agent with Long Real Estate

March saw a signifcant uptick in the number of homes sold in Anthem.  Which is typical of this time of year.  We're still quite a bit off of last year's pace.  That may be explained by the fact that the "bargains" are fastly disappearing from the market.  And there are fewer bank owned homes on the market in Anthem as, therefore buyers are relegated to purchasing short sales, which take much longer to close.  Pending sales illustrate this point.  There are currently 233 homes in pending status versus 211 active listings.  The average sale price is starting to stabilize as well as the bottom of the market.  As you'll note the lowest priced home/condo sold for $91,900.  As I mentioned previously, the bargain basement homes are becoming a rare breed in Anthem.

Here are the numbers for March 2011:

 

 

                                                                     March '11        February '11      Mar. vs. Feb.   Mar. 11 vs. Mar. 10

# of homes Sold                                                      47                      32               47%                    (52%)

Average Sale Price                                          $214,718            $187,158              15%                     (1%)

Average List Price                                           $217,484            $193,750              12%                     (2%)

Sale Price % of List Price                                         99%                  98%                1%                       1%

Avg. Price per Sq. Ft.                                          $87.64               $86.78                1%                      (7%)

Avg. Days on Market for Sales                                   93                    114               18%                    (15%)

Highest Sale Price                                           $649,000             $535,300              21%                     30%

Lowest Sale Price                                              $91,900              $75,000              23%                     18%

 

For more information about Phoenix, Scottsdale, and Anthem real estate click here.

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Rainmaker
329,854
Sharon Lord
Argent Décor - Phoenix, AZ
Argent Décor - AZ Vacation Home Furnishing Service

Jerry - WOW!!!  More pendings than actives....?!  Says a lot about the Anthem market - I doubt anywhere else in the valley can claim that!

April 02, 2011 07:08 PM #1
Rainmaker
279,311
Jerry Murphy
Long Real Estate - Anthem, AZ
Anthem AZ Real Estate

Hi Sharon,

Yes. That includes short sales that are AWC. But even so, Anthem's market is starting to do quite well.

Thank you,

Jerry

April 02, 2011 07:12 PM #2
Rainmaker
261,234
Barb & Sal Dragotta
Macomb, MI
Macomb County Michigan

Jerry...I agree with Sharon, those stats do look good to me; If Arizona is picking up to that degree, perhaps this will move into the Mid-West or North-Central [we have two designations] and spread throughout the states. Prices, both selling & listing are very interesting. Have a great rest of this weekend.

Barb

April 02, 2011 07:47 PM #3
Rainmaker
1,377,712
Joan Cox
Metro Brokers - House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Jerry, looks like the numbers are showing great improvement!

April 13, 2011 11:08 PM #4
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Rainmaker
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Jerry Murphy

Anthem AZ Real Estate
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