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Anthem, AZ Country Club Real Estate Market Report – Dec. 2016

Picture of Hazelhurst home

The Anthem Country Club real estate market continued to retreat in December. The total number of homes sold in the Country Club declined to 18, down 14% from December 2015. The average sale price decreased dramatically from November and December 2015.  The 12 month moving average was down 1% month to month and is down 4% from last year, the 4th consecutive month we’ve seen a decline.  The price per square foot decreased by 4% from November and was the same year over year.  The burn rate, (or homes under contract versus homes on the market) is now at 5.05 month’s supply, signifying a solid buyer’s market.  There are now 85 homes on the market in the Club, and 21 homes pending/under contract.  Again, if you’re thinking of selling your Anthem Country Club home I might hold off for a bit and check in here for future reports to determine if this trend continues.

Download my mobile app at: LongRealtyapp.com/JerryMurphy  to search for homes for sale, or just to find out what price that home down the street is listed.

Here are the latest stats for the quarter ending 12/31/16:

Active Listings: 85

Homes Pending: 21

Homes sold in last 30 days: 18 (Down 5% from Nov. ’16, Down 14% from Dec. ’15)

Burn rate (Inventory on market / by homes currently under contract) = 5.05 months supply

Avg. Sale price (Solds): $323,777 (Down 29%. from Nov. ’16,  Down 13% from Dec. ’15)

Avg. price per sq. ft. (Solds): $151.87  (Down 4% from Nov. ’16,  Same as Dec. ’15)

Avg. Days on Market (Solds): 91 (Up 12% from Nov. ’16, Down 2% from Dec.’15)

Highest Sold: $737,000

Lowest Sold: $198,850

To receive a free market analysis for your Anthem home please call Jerry Murphy at 602-334-3757 or e-mail: jwmurphy@longrealty.com

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Originally posted at: http://activerain.com/blogsview/5006662/anthem–az-country-club-real-estate-market-report—dec–2016

Posted on January 13, 2017 at 11:27 am by Jerry Murphy

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