Anthem AZ real estate - Market update August '08

By
Real Estate Agent with Long Real Estate

Sorry I got this one out so late.  But better late than never.  It's also a testament to how busy we've been.

The market continues to remain hot in Anthem.  According to the lastest statistics we are very near what is deemed a balanced market, 5 months supply of homes, approximately 90 days on market to sell homes.  Prices are not yet increasing, but the rate of price decline has backed off considerably.

 Here are the lastest stats for the week ending 8/31/08:

Active Listings: 403

Homes Pending: 98

Homes sold in last 30 days: 78 (Down 4% from July '08, up 214% over August '07)

Burn rate (Inventory on market / by homes sold last 30 days) =  5 months supply

Avg. Sale price (Solds): $270,131 (Down 3% from July '08, Down 20% from August '07)

Avg. price per sq. ft. (Solds): $112.74 (Down $1.37 per Sq. Ft. from July '08, Down 28% from August '07)

Avg. Days on Market (Solds): 108 (Down 35 days, 24% from July 08, Down 23 days, 18% from August '07)

For graphical interpretation of this data please visit: www.allaboutanthem.com 

For more general information about Anthem visit: www.onlineatanthem.com

And for more information about myself and my business partner and the Anthem real estate, Phoenix real estate, and Scottsdale real estate markets please visit our website at:

http://www.arizonapremiereliving.com/

 

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