Real Estate in Anthem, Phoenix, and Scottsdale
Jerry Murphy
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Anthem, AZ Real Estate Market Report – Nov. 2016 The Parkside

The Anthem Parkside real estate market continued to flatten in November. The total number of homes sold in the The Parkside declined by 18% from October, but up 11% better than November 2015.  The average sale price was up 5% from October but remained pretty much the same year over year.  The 12 month moving average increased by was the same as October and up 6% from last year.  The price per square foot decreased by 6% from October but remained flat year over year. The days on market continued to increase as well, now standing at 77 days, up 24% over October but down 5% from Novebmer 2015. The burn rate, (or homes under contract versus homes on the market) is now about 2.70 month’s supply, inching toward a buyer’s market.  There are now 97 homes on the market in the Parkside, and 40 homes pending/under contract.  If you’re thinking of selling your Anthem Parkside home I might hold off for a bit and check in here for future reports to determine if this trend continues.

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Here are the latest stats for the quarter ending 11/30/16:

Active Listings: 97

Homes Pending: 57

Homes sold in last 30 days: 40 (Down 18% from Oct. ’16, Up 11% from Nov. ’15)

Burn rate (Inventory on market / by homes currently under contract) = 2.70 months supply

Avg. Sale price (Solds): $300,190 (Up 5%. from Oct. ’16,  Same as Nov. ’15)

Avg. price per sq. ft. (Solds): $121.71  (Down 6% from Oct. ’16,  Same as Nov. ’15)

Avg. Days on Market (Solds): 77 (Up 24% from Oct. ’16, Down 5% from Nov.’15)

Highest Sold: $500,000

Lowest Sold: $185,000

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Posted on December 27, 2016 at 6:30 pm by Jerry Murphy

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