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%
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