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Anthem, AZ Real Estate News

By Chris Dunham, The Real Estate Guy™
(Brokers Hub Realty)
Cash Buyers: Don’t Skip the Home Inspection — It’s Worth Every PennyI get it—when you're buying a house with cash, everything moves faster. No lenders. No appraisals. No waiting. It's a smooth ride to close… until it's not.Let me say this loud and clear: just because you're paying cash doesn’t mean you should skip the home inspection.Over my 25+ years selling homes across the Phoenix metro area, I’ve worked with plenty of cash buyers—some who did inspections, and some who didn’t. Guess who regrets it later?Here’s the deal: a home inspection isn’t just a formality for lenders. It’s your chance to know what you're actually buying. Foundation cracks, roof damage, faulty plumbing, mold issues—these don’t magically disappear just because you're not financing the place.I once had a buyer who ...
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By Jerry Murphy, CRS, SRES, Anthem, Phoenix, and Scottsdale AZ Real Estate
(Long Realty West Valley)
The Villas real estate market peeled back a bit in March. 3 homes closed escrow in The Villas for the month of March. There are currently 4 homes on the market in The Villas.  And there are no homes under contract, which doesn't bode well for April's market report. The 12 month moving average price, $168,600 ticked down as well but is still up 9% versus March 2017. Here are the latest stats for the 31 days ending 3/31/18:Active Listings: 4Homes Pending: 0Homes sold in last 90 days:  3 (Down 25% from Feb. '18,  Up 3 sales from Mar. '17)Burn rate (Inventory on market / by homes currently under contract) = N/AAvg. Sale price (Solds): $166,333 (Down 11% from Feb. '18)Avg. price per sq. ft. (Solds): $133.53  (Down 7% from Feb. '18)Avg. Days on Market (Solds): 13 (Down 66% from Feb. '18)To re...
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By Jerry Murphy, CRS, SRES, Anthem, Phoenix, and Scottsdale AZ Real Estate
(Long Realty West Valley)
 The Anthem Parkside real estate market also kicked it up a notch in March. Home sales shot up 39% from February and were up 4% year over year.  The average sale price was up 2% over February and up 12% over March 2017.  The average price per square foot decreased 2% from February, but was up 4% year over year for the Parkside. The average days on market increased 4% versus February and was up 20% over March 2017. The inventory of homes on the market is at a 2.39 month’s supply, still marking a strong seller's market. The 12 month moving average, $305,980 is up 6% from last year, staying consistent over the past year. The number of homes currently on the market ratcheted up to 93, while the number of homes currently under contract in the Parkside is 67, foretelling another strong report...
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By Jerry Murphy, CRS, SRES, Anthem, Phoenix, and Scottsdale AZ Real Estate
(Long Realty West Valley)
 The Anthem Country Club real estate market took off in March . The total number of homes sold in the Country Club jumped dramatically versus February, up 118%,  and up 32% from March 2017.  The average sale price increased by 7% over February, and was up 22% year over year. The price per square foot also decreased 4% from February but was up 5% year over year.  The days on market increased 28% over February, and up 8% year over year. The burn rate, (or homes under contract versus homes on the market) is now 5.00 month’s supply, shifiting to a buyer's market. The 12 month moving average continues to increase nicely year over year (+9%), now standing at $428,963.  There are now 92 homes on the market in the Club, up 7% from January.  With only 23 homes currently under contract May might ...
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By Jerry Murphy, CRS, SRES, Anthem, Phoenix, and Scottsdale AZ Real Estate
(Long Realty West Valley)
 The Anthem real estate market really picked up steam in March. The total number of homes sold increased 46% from February, and was up 14% from March 2017.  The price per square foot dropped by 2% versus February but was up 4% year over year.  The 12 month moving average ($335,751) continues to edge up month over month and is up 6% from last year.   The days on market increased slightly, now standing at 80 days, up 14% versus February and up 18% from March 2017. The burn rate, (or homes under contract versus homes on the market) remains at 2.93 month’s supply, leaning back toward a more balanced market.  There are now 187 homes on the market in Anthem, and 97 homes pending/under contract. Download my mobile app at: LongRealtyapp.com/JerryMurphy  to search for homes for sale, or just to ...
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By Jerry Murphy, CRS, SRES, Anthem, Phoenix, and Scottsdale AZ Real Estate
(Long Realty West Valley)
 The Villas real estate market ramped up in February. 4 homes closed escrow in The Villas for the month of February, the most since September 2017.   There are currently 5 homes on the market in The Villas.  And there are 3 homes under contract, which bodes well for March's market report. The 12 month moving average price, $168,834 edged up as well and is now up 11% versus February 2017. Here are the latest stats for the 31 days ending 2/28/18:Active Listings: 5Homes Pending: 3Homes sold in last 90 days:  4 (Up 3 sales from Jan. '18,  Up 33% from Feb. '17)Burn rate (Inventory on market / by homes currently under contract) = 2.67 months supplyAvg. Sale price (Solds): $186,250 (Up 24% from Jan. '18, Up 21% from Feb. '17)Avg. price per sq. ft. (Solds): $143.60 (Up 15% from Jan. '18, Up 12%...
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By Jerry Murphy, CRS, SRES, Anthem, Phoenix, and Scottsdale AZ Real Estate
(Long Realty West Valley)
 The Anthem Parkside real estate market picked up a bit in February. Home sales shot up 46% from January but  were down 18% year over year.  The average sale price was up 14% over January and up 11% over February 2017.  The average price per square foot increased 2% from January, and was up 11% year over year for the Parkside. The average days on market increased 36% versus January and was down 31% from February 2017. The inventory of homes on the market is at a 2.20 month’s supply, marking a strong seller's market. The 12 month moving average, $303,061 is up 5% from last year, staying consistent over the past year, but showing signs of stagnation. The number of homes currently on the market is only 77, while the number of homes currently under contract in the Parkside is 64, hopefully ...
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By Jerry Murphy, CRS, SRES, Anthem, Phoenix, and Scottsdale AZ Real Estate
(Long Realty West Valley)
The Anthem Country Club real estate market was almost identical to January through the month of February. The total number of homes sold in the Country Club decreased slightly versus January, down 6%,  and up 13% from February 2017.  The average sale price decreased by 2% from January, but was up 24% year over year. The price per square foot also increased, up 10% from January and up 16% year over year.  The days on market decreased from January, down 16%, and down 49% year over year. The burn rate, (or homes under contract versus homes on the market) is now 3.05 month’s supply, signalling a balanced market. The 12 month moving average continues to increase nicely year over year (+8%), now standing at $417,553.  There are now 86 homes on the market in the Club, down 2% from January. Dow...
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By Jerry Murphy, CRS, SRES, Anthem, Phoenix, and Scottsdale AZ Real Estate
(Long Realty West Valley)
  The Anthem real estate market started the "selling season" fairly strong. However, much like the nation as a whole, Anthem is suffering from an inventory shortage.  The number of homes actively on the market is 15% less than this time last year.  The sparse supply is driving up the average sale price, which is up 17% over last year.  The total number of homes sold increased 31% from January, but was down 7% from February 2017.  The price per square foot increased by 4% over January and was up 13% year over year.  The 12 month moving average ($330,997) continues to remain flat month over month and is now up 6% from last year.   The days on market increased slightly, now standing at 70 days, up 9% versus January and down 33% from February 2017. The burn rate, (or homes under contract ve...
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By Jerry Murphy, CRS, SRES, Anthem, Phoenix, and Scottsdale AZ Real Estate
(Long Realty West Valley)
                                         The Villas real estate market started 2018 neither with a whimper nor a bang. More like a meh. Only 1 home closed escrow in The Villas for the month of January, the same as last January.   There are currently 4 homes on the market in The Villas at this time.  And there are 3 homes under contract, which bodes well for February's market report. The 12 month moving average price, $164,,750 showed a pull back for the first time in along while and is now up 6% versus January 2017. Here are the latest stats for the 31 days ending 1/31/18:Active Listings: 4Homes Pending: 3Homes sold in last 90 days:  1 (Up 1 sale from Dec. '17,  Same as Jan. '17)Burn rate (Inventory on market / by homes currently under contract) = 2.33 months supplyAvg. Sale price (Sold...
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By Jerry Murphy, CRS, SRES, Anthem, Phoenix, and Scottsdale AZ Real Estate
(Long Realty West Valley)
The Anthem Parkside real estate market pulled back in January. Home sales were down 22% versus December, and were down 32% year over year.  The average sale price was down 14% from December and up 3% over January 2017. One bright spot, is the average price per square foot increased 5% from December, and was up 12% year over year for the Parkside. The average days on market decreased 32% versus December and was down 21% from January 2017. The inventory of homes on the market is at a 1.96 month’s supply, marking a strong seller's market. The 12 month moving average, $300,560 is up 4% from last year, staying consistent over the past year, but showing signs of stagnation. The number of homes currently on the market is only 66, while the number of homes currently under contract in the Parksi...
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By Jerry Murphy, CRS, SRES, Anthem, Phoenix, and Scottsdale AZ Real Estate
(Long Realty West Valley)
 The Anthem Country Club real estate market picked up a little bit in January, but prices are still a little flat. The total number of homes sold in the Country Club increased versus December, up 38%,  and up 13% from January 2017.  The average sale price increased by 4% over December, but was down 11% year over year. The price per square foot also decreased, down 7% from December and down 1% year over year.  The days on market increased dramaticall from December, up 46%, and up 46% year over year. The burn rate, (or homes under contract versus homes on the market) is now 4.14 month’s supply, inching back to a more balanced market. The 12 month moving average continues to increase nicely year over year (+7%).  There are now 88 homes on the market in the Club, up 16% from December. Downl...
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By Jerry Murphy, CRS, SRES, Anthem, Phoenix, and Scottsdale AZ Real Estate
(Long Realty West Valley)
 The Anthem real estate market remained fairly flat through to start off the year. The total number of homes sold decreased 2% from December, and was down 17% from January 2017. The average sale price decreased 1% from December and was up only 1% year over year.  The price per square foot increased by 1% over December and up 9% year over year.  The 12 month moving average ($327,329) continues to remain flat month over month and is now up 5% from last year.   The days on market decreased, now standing at 64 days, down 10% versus December, but up 3% over January 2017. The burn rate, (or homes under contract versus homes on the market) is now about 2.53 month’s supply, leaning toward a seller's market.  There are now 150 homes on the market in Anthem, and 98 homes pending/under contract.Ev...
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By Tony and Suzanne Marriott, Associate Brokers, Coldwell Banker Realty
(Serving the Greater Phoenix and Scottsdale Metropolitan Area)
Distressed properties - those that are "under water" where more is owed on the property than will be available from the proceeds of a sale of the property - are thankfully far fewer than during the crash during the latter years of the previous decade. Still - some do exist - and Short Sales are still a viable option when faced with a "must sell" scenario of an "under water" property. Currently running at less than 3% of the closed transactions every month in our MLS, homeowners in that 3%, whether in Anthem or another part of the valley, can still use our help. The first step is to contact us so we can schedule a complimentary confidential consultation to discuss how the short sale process works, and the considerations for your particular circumstances.   Careful up front planning is cr...
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By Jerry Murphy, CRS, SRES, Anthem, Phoenix, and Scottsdale AZ Real Estate
(Long Realty West Valley)
 The Villas real estate market finished 2017 with a wimper. No homes closed escrow in The Villas for the month of December.   There are currently 2 homes on the market in The Villas at this time.  However, there are 4 under contract, which bodes well for January's market report. The 12 month moving average price, $166,732 continues to edge up, 8% versus 2016. Here are the latest stats for the 31 days ending 12/31/17:Active Listings: 2Homes Pending: 4Homes sold in last 90 days:  0 (Down 2 sales from Nov. '17,  Down 1 sale from Dec. '16)Burn rate (Inventory on market / by homes currently under contract) = 1.5 months supplyAvg. Sale price (Solds): $0Avg. price per sq. ft. (Solds): $0Avg. Days on Market (Solds): 0To receive a free market analysis for your Anthem home please call Jerry Murph...
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By Jerry Murphy, CRS, SRES, Anthem, Phoenix, and Scottsdale AZ Real Estate
(Long Realty West Valley)
 The Anthem Parkside real estate market remained flat in December. Home sales were down 3% versus November, and were down 7% year over year.  The average sale price was pretty much the same versus November and up 6% over December 2016. The average price per square foot increased 2% from November, and was up 14% year over year for the Parkside. The average days on market decreased 9% versus Noveber and was down 5% from December 2016. The inventory of homes on the market is at a 2.48 month’s supply, vacillating between a seller's market and a balanced market. The 12 month moving average, $300,513 is up 5% from last year, staying consistent over the past year.  And the number of homes currently on the market is only 68, while the number of homes currently under contract in the Parkside is ...
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By Jerry Murphy, CRS, SRES, Anthem, Phoenix, and Scottsdale AZ Real Estate
(Long Realty West Valley)
    The Anthem Country Club real estate market was a bit scizophrenic in December. Numbers fell dramatically in some instances from November, but were much better than last December.  The total number of homes sold in the Country Club decreased from November, down 24%,  and down 28% from December 2016.  The average sale price decreased in December, down 15% from November, but up 33% year over year. The price per square foot increased, up 5% from November and was up 9% year over year.  The days on market dropped drastically from November, down 52%, and down 33% year over year. The burn rate, (or homes under contract versus homes on the market) is now 4.80 month’s supply, lurching toward a buyer's market. The 12 month moving average continues increase nicely year over year (+8%).  There a...
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By Jerry Murphy, CRS, SRES, Anthem, Phoenix, and Scottsdale AZ Real Estate
(Long Realty West Valley)
 The Anthem real estate market bumped up slightly in December. The total number of homes sold increased 23% from November, but was down 12% from December 2016.  However, the average sale price decreased 5% from November and was up 20% year over year.  The price per square foot increased by 2% over November and up 3% year over year.  The 12 month moving average ($327,171) continues to remain flat month over month and is now up 5% from last year.   The days on market decreased, now standing at 71 days, down 30% versus November, dwon 5% from December 2016. The burn rate, (or homes under contract versus homes on the market) is now about 3.08 month’s supply, back to a more balanced market.  There are now 135 homes on the market in Anthem, and 65 homes pending/under contract.   Download my mo...
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By Jerry Murphy, CRS, SRES, Anthem, Phoenix, and Scottsdale AZ Real Estate
(Long Realty West Valley)
The Anthem Parkside real estate market retreated a bit in November. Home sales were down 21% versus October, and were down 5% year over year.  The average sale price increased 7% versus October and up 6% over November 2016. The average price per square foot decreased, down 4% from October, but up 11% year over year for the Parkside. The average days on market increased 43% versus October and was up 4% from November 2016. The inventory of homes on the market is at a 2.94 month’s supply, moving back toward a balanced market. The 12 month moving average, $297,961 is up 4% from last year, staying consistent over the past year.  And the number of homes currently on the market is only 70, while the number of homes currently under contract in the Parkside is 36. Download my mobile app at: Long...
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By Jerry Murphy, CRS, SRES, Anthem, Phoenix, and Scottsdale AZ Real Estate
(Long Realty West Valley)
  Activity in the Anthem Country Club real estate market dropped off in November. The total number of homes sold in the Country Club decreased from October, down 23%,  and down 11% from November 2016.  However, the average sale price increased in November, up 17% from October, and up 12% year over year. The price per square foot increased, up 5% from October and was flat year over year.  The days on market dropped a bit from October, down 8%, but up 56% year over year. The burn rate, (or homes under contract versus homes on the market) is now 3.83 month’s supply, edging toward a buyer's market. The 12 month moving average continues increase nicely year over year (+5%).  There are now 65 homes on the market in the Club, down 10% from October.Download my mobile app at: LongRealtyapp.com/J...
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By Jerry Murphy, CRS, SRES, Anthem, Phoenix, and Scottsdale AZ Real Estate
(Long Realty West Valley)
 The Anthem real estate market cooled off significantly in November. The total number of homes sold decreased 46% from October, and was down 34% from November 2016.  However, the average sale price increased 8% from October and was up 6% year over year.  The price per square foot decreased by 1% from October, which, combined with the increase in the average sale price, tells us that the larger homes were selling in November.  The 12 month moving average ($323,706) continues to remain flat month over month and is now up 4% from last year.   The days on market increased, now standing at 102 days, up 23% versus October, and up 31% from November 2016, again most likely attributable to the more expensive homes selling, which tend to stay on the market a bit longer.  The burn rate, (or homes ...
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